First Phosphate's market value is the price at which a share of First Phosphate trades on a public exchange. It measures the collective expectations of First Phosphate Corp investors about its performance. First Phosphate is trading at 0.13 as of the 30th of November 2024. This is a 7.14% down since the beginning of the trading day. The stock's lowest day price was 0.13. With this module, you can estimate the performance of a buy and hold strategy of First Phosphate Corp and determine expected loss or profit from investing in First Phosphate over a given investment horizon. Check out Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any otc stock could be closely tied with the direction of predictive economic indicators such as signals in american community survey.
Symbol
First
First Phosphate '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 First Phosphate's otc 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 First Phosphate.
0.00
06/03/2024
No Change 0.00
0.0
In 5 months and 30 days
11/30/2024
0.00
If you would invest 0.00 in First Phosphate on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding First Phosphate Corp or generate 0.0% return on investment in First Phosphate over 180 days.
First Phosphate 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 First Phosphate's otc 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 First Phosphate Corp upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for First Phosphate's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as First Phosphate's standard deviation. In reality, there are many statistical measures that can use First Phosphate historical prices to predict the future First Phosphate's volatility.
First Phosphate Corp secures Sharpe Ratio (or Efficiency) of -0.0356, which denotes the company had a -0.0356% return per unit of risk over the last 3 months. First Phosphate Corp exposes nineteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm First Phosphate's Variance of 5.89, mean deviation of 0.6273, and Standard Deviation of 2.43 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.22, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning First Phosphate are expected to decrease at a much lower rate. During the bear market, First Phosphate is likely to outperform the market. At this point, First Phosphate Corp has a negative expected return of -0.0884%. Please make sure to confirm First Phosphate's jensen alpha, daily balance of power, as well as the relationship between the Daily Balance Of Power and price action indicator , to decide if First Phosphate Corp performance from the past will be repeated at some point in the near future.
Auto-correlation
-0.71
Almost perfect reverse predictability
First Phosphate Corp has almost perfect reverse predictability. Overlapping area represents the amount of predictability between First Phosphate time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 2024 to 30th 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 First Phosphate Corp price movement. The serial correlation of -0.71 indicates that around 71.0% of current First Phosphate price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.71
Spearman Rank Test
0.26
Residual Average
0.0
Price Variance
0.0
First Phosphate Corp lagged returns against current returns
Autocorrelation, which is First Phosphate otc 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 First Phosphate's otc stock expected returns. We can calculate the autocorrelation of First Phosphate returns to help us make a trade decision. For example, suppose you find that First Phosphate has exhibited high autocorrelation historically, and you observe that the otc 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
First Phosphate 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 First Phosphate otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if First Phosphate otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in First Phosphate otc stock over time.
Current vs Lagged Prices
Timeline
First Phosphate Lagged Returns
When evaluating First Phosphate's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of First Phosphate otc stock have on its future price. First Phosphate 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, First Phosphate autocorrelation shows the relationship between First Phosphate otc stock current value and its past values and can show if there is a momentum factor associated with investing in First Phosphate Corp.