Fresnillo PLC (UK) Market Value
| FRES Stock | 633.00 19.50 2.99% |
| Symbol | Fresnillo |
Fresnillo PLC '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 Fresnillo PLC'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 Fresnillo PLC.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Fresnillo PLC on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Fresnillo PLC or generate 0.0% return on investment in Fresnillo PLC over 30 days. Fresnillo PLC is related to or competes with Givaudan, Antofagasta PLC, Centamin PLC, Atalaya Mining, Ferrexpo PLC, Amaroq Minerals, and Central Asia. Fresnillo PLC is entity of United Kingdom More
Fresnillo PLC 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 Fresnillo PLC'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 Fresnillo PLC upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.44 | |||
| Information Ratio | 0.0714 | |||
| Maximum Drawdown | 14.17 | |||
| Value At Risk | (3.43) | |||
| Potential Upside | 3.66 |
Fresnillo PLC Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fresnillo PLC's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fresnillo PLC's standard deviation. In reality, there are many statistical measures that can use Fresnillo PLC historical prices to predict the future Fresnillo PLC's volatility.| Risk Adjusted Performance | 0.1026 | |||
| Jensen Alpha | 0.2641 | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | 0.0717 | |||
| Treynor Ratio | 1.14 |
Fresnillo PLC Backtested Returns
Fresnillo PLC appears to be very steady, given 3 months investment horizon. Fresnillo PLC secures Sharpe Ratio (or Efficiency) of 0.1, which denotes the company had a 0.1% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Fresnillo PLC, which you can use to evaluate the volatility of the firm. Please utilize Fresnillo PLC's Mean Deviation of 1.91, downside deviation of 2.44, and Coefficient Of Variation of 801.31 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Fresnillo PLC holds a performance score of 8. The firm shows a Beta (market volatility) of 0.26, which means not very significant fluctuations relative to the market. As returns on the market increase, Fresnillo PLC's returns are expected to increase less than the market. However, during the bear market, the loss of holding Fresnillo PLC is expected to be smaller as well. Please check Fresnillo PLC's coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to make a quick decision on whether Fresnillo PLC's price patterns will revert.
Auto-correlation | -0.17 |
Insignificant reverse predictability
Fresnillo PLC has insignificant reverse predictability. Overlapping area represents the amount of predictability between Fresnillo PLC time series from 27th of October 2024 to 11th of November 2024 and 11th of November 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 Fresnillo PLC price movement. The serial correlation of -0.17 indicates that over 17.0% of current Fresnillo PLC price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.17 | |
| Spearman Rank Test | -0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 245.25 |
Fresnillo PLC lagged returns against current returns
Autocorrelation, which is Fresnillo PLC 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 Fresnillo PLC's stock expected returns. We can calculate the autocorrelation of Fresnillo PLC returns to help us make a trade decision. For example, suppose you find that Fresnillo PLC 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 |
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Fresnillo PLC 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 Fresnillo PLC stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fresnillo PLC stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Fresnillo PLC stock over time.
Current vs Lagged Prices |
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Fresnillo PLC Lagged Returns
When evaluating Fresnillo PLC's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fresnillo PLC stock have on its future price. Fresnillo PLC 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, Fresnillo PLC autocorrelation shows the relationship between Fresnillo PLC stock current value and its past values and can show if there is a momentum factor associated with investing in Fresnillo PLC.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Fresnillo Stock Analysis
When running Fresnillo PLC's price analysis, check to measure Fresnillo PLC'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 Fresnillo PLC is operating at the current time. Most of Fresnillo PLC's value examination focuses on studying past and present price action to predict the probability of Fresnillo PLC's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Fresnillo PLC's price. Additionally, you may evaluate how the addition of Fresnillo PLC to your portfolios can decrease your overall portfolio volatility.