Fremont Gold Stock Market Value
| FRE Stock | CAD 0.12 0.01 7.69% |
| Symbol | Fremont |
Fremont Gold 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Fremont Gold's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Fremont Gold.
| 01/31/2024 |
| 11/26/2024 |
If you would invest 0.00 in Fremont Gold on January 31, 2024 and sell it all today you would earn a total of 0.00 from holding Fremont Gold or generate 0.0% return on investment in Fremont Gold over 300 days. Fremont Gold is related to or competes with Palamina Corp. Fremont Gold Ltd. operates as a mineral exploration and development company with interests in gold projects in the state... More
Fremont Gold Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Fremont Gold's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Fremont Gold upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 10.51 | |||
| Information Ratio | (0.0001) | |||
| Maximum Drawdown | 54.04 | |||
| Value At Risk | (13.04) | |||
| Potential Upside | 15.79 |
Fremont Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fremont Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fremont Gold's standard deviation. In reality, there are many statistical measures that can use Fremont Gold historical prices to predict the future Fremont Gold's volatility.| Risk Adjusted Performance | 0.02 | |||
| Jensen Alpha | 0.0355 | |||
| Total Risk Alpha | (1.27) | |||
| Sortino Ratio | (0.0001) | |||
| Treynor Ratio | 0.17 |
Fremont Gold Backtested Returns
At this stage we consider Fremont Stock to be out of control. Fremont Gold secures Sharpe Ratio (or Efficiency) of 0.0141, which denotes the company had a 0.0141% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Fremont Gold, which you can use to evaluate the volatility of the firm. Please confirm Fremont Gold's Mean Deviation of 5.41, downside deviation of 10.51, and Coefficient Of Variation of 7036.98 to check if the risk estimate we provide is consistent with the expected return of 0.13%. Fremont Gold has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.69, which means possible diversification benefits within a given portfolio. As returns on the market increase, Fremont Gold's returns are expected to increase less than the market. However, during the bear market, the loss of holding Fremont Gold is expected to be smaller as well. Fremont Gold right now shows a risk of 8.9%. Please confirm Fremont Gold information ratio, downside variance, day median price, as well as the relationship between the treynor ratio and kurtosis , to decide if Fremont Gold will be following its price patterns.
Auto-correlation | 0.51 |
Modest predictability
Fremont Gold has modest predictability. Overlapping area represents the amount of predictability between Fremont Gold time series from 31st of January 2024 to 29th of June 2024 and 29th of June 2024 to 26th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Fremont Gold price movement. The serial correlation of 0.51 indicates that about 51.0% of current Fremont Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.51 | |
| Spearman Rank Test | 0.63 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Fremont Gold lagged returns against current returns
Autocorrelation, which is Fremont Gold stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Fremont Gold's stock expected returns. We can calculate the autocorrelation of Fremont Gold returns to help us make a trade decision. For example, suppose you find that Fremont Gold has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Fremont Gold regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Fremont Gold stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fremont Gold stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Fremont Gold stock over time.
Current vs Lagged Prices |
| Timeline |
Fremont Gold Lagged Returns
When evaluating Fremont Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fremont Gold stock have on its future price. Fremont Gold autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Fremont Gold autocorrelation shows the relationship between Fremont Gold stock current value and its past values and can show if there is a momentum factor associated with investing in Fremont Gold.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Fremont Stock Analysis
When running Fremont Gold's price analysis, check to measure Fremont Gold's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Fremont Gold is operating at the current time. Most of Fremont Gold's value examination focuses on studying past and present price action to predict the probability of Fremont Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Fremont Gold's price. Additionally, you may evaluate how the addition of Fremont Gold to your portfolios can decrease your overall portfolio volatility.