Freehold Royalties Stock Market Value
| FRHLF Stock | USD 10.02 0.06 0.60% |
| Symbol | Freehold |
Freehold Royalties '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 Freehold Royalties' pink sheet 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 Freehold Royalties.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Freehold Royalties on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Freehold Royalties or generate 0.0% return on investment in Freehold Royalties over 30 days. Freehold Royalties is related to or competes with PrairieSky Royalty, Tamarack Valley, MEG Energy, Tourmaline Oil, Cardinal Energy, Headwater Exploration, and Birchcliff Energy. Freehold Royalties Ltd., an oil and gas royalty company, owns working interests in oil, natural gas, natural gas liquids... More
Freehold Royalties 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 Freehold Royalties' pink sheet 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 Freehold Royalties upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 5.26 | |||
| Value At Risk | (2.26) | |||
| Potential Upside | 1.92 |
Freehold Royalties Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Freehold Royalties' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Freehold Royalties' standard deviation. In reality, there are many statistical measures that can use Freehold Royalties historical prices to predict the future Freehold Royalties' volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.21) | |||
| Treynor Ratio | (0.07) |
Freehold Royalties Backtested Returns
Freehold Royalties secures Sharpe Ratio (or Efficiency) of -0.0016, which denotes the company had a -0.0016% return per unit of risk over the last 3 months. Freehold Royalties exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Freehold Royalties' Mean Deviation of 0.9835, variance of 1.5, and Standard Deviation of 1.23 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.28, which means not very significant fluctuations relative to the market. As returns on the market increase, Freehold Royalties' returns are expected to increase less than the market. However, during the bear market, the loss of holding Freehold Royalties is expected to be smaller as well. At this point, Freehold Royalties has a negative expected return of -0.0019%. Please make sure to confirm Freehold Royalties' potential upside, and the relationship between the total risk alpha and daily balance of power , to decide if Freehold Royalties performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.52 |
Modest predictability
Freehold Royalties has modest predictability. Overlapping area represents the amount of predictability between Freehold Royalties time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 Freehold Royalties price movement. The serial correlation of 0.52 indicates that about 52.0% of current Freehold Royalties price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.52 | |
| Spearman Rank Test | -0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Freehold Royalties lagged returns against current returns
Autocorrelation, which is Freehold Royalties pink sheet'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 Freehold Royalties' pink sheet expected returns. We can calculate the autocorrelation of Freehold Royalties returns to help us make a trade decision. For example, suppose you find that Freehold Royalties has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Freehold Royalties 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 Freehold Royalties pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Freehold Royalties pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Freehold Royalties pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Freehold Royalties Lagged Returns
When evaluating Freehold Royalties' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Freehold Royalties pink sheet have on its future price. Freehold Royalties 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, Freehold Royalties autocorrelation shows the relationship between Freehold Royalties pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Freehold Royalties.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Freehold Pink Sheet
Freehold Royalties financial ratios help investors to determine whether Freehold Pink Sheet is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Freehold with respect to the benefits of owning Freehold Royalties security.