Fennec Pharmaceuticals Stock Market Value
| FRX Stock | CAD 10.63 0.00 0.00% |
| Symbol | Fennec |
Fennec Pharmaceuticals '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 Fennec Pharmaceuticals' 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 Fennec Pharmaceuticals.
| 07/01/2025 |
| 12/28/2025 |
If you would invest 0.00 in Fennec Pharmaceuticals on July 1, 2025 and sell it all today you would earn a total of 0.00 from holding Fennec Pharmaceuticals or generate 0.0% return on investment in Fennec Pharmaceuticals over 180 days. Fennec Pharmaceuticals is related to or competes with Eupraxia Pharmaceuticals, NervGen Pharma, Canopy Growth, TerrAscend Corp, OrganiGram Holdings, Medical Facilities, and Helix BioPharma. Fennec Pharmaceuticals Inc., a biopharmaceutical company, develops product candidates for use in the treatment of cancer... More
Fennec Pharmaceuticals 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 Fennec Pharmaceuticals' 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 Fennec Pharmaceuticals upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 19.37 | |||
| Value At Risk | (5.31) | |||
| Potential Upside | 3.31 |
Fennec Pharmaceuticals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fennec Pharmaceuticals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fennec Pharmaceuticals' standard deviation. In reality, there are many statistical measures that can use Fennec Pharmaceuticals historical prices to predict the future Fennec Pharmaceuticals' volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.24) | |||
| Total Risk Alpha | (0.56) | |||
| Treynor Ratio | (4.19) |
Fennec Pharmaceuticals Backtested Returns
Fennec Pharmaceuticals secures Sharpe Ratio (or Efficiency) of -0.0744, which denotes the company had a -0.0744 % return per unit of risk over the last 3 months. Fennec Pharmaceuticals exposes nineteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Fennec Pharmaceuticals' Variance of 9.06, standard deviation of 3.01, and Mean Deviation of 1.84 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.0558, which means not very significant fluctuations relative to the market. As returns on the market increase, Fennec Pharmaceuticals' returns are expected to increase less than the market. However, during the bear market, the loss of holding Fennec Pharmaceuticals is expected to be smaller as well. At this point, Fennec Pharmaceuticals has a negative expected return of -0.22%. Please make sure to confirm Fennec Pharmaceuticals' variance, value at risk, as well as the relationship between the Value At Risk and rate of daily change , to decide if Fennec Pharmaceuticals performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.27 |
Weak reverse predictability
Fennec Pharmaceuticals has weak reverse predictability. Overlapping area represents the amount of predictability between Fennec Pharmaceuticals time series from 1st of July 2025 to 29th of September 2025 and 29th of September 2025 to 28th of December 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Fennec Pharmaceuticals price movement. The serial correlation of -0.27 indicates that nearly 27.0% of current Fennec Pharmaceuticals price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.27 | |
| Spearman Rank Test | -0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 0.84 |
Fennec Pharmaceuticals lagged returns against current returns
Autocorrelation, which is Fennec Pharmaceuticals 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 Fennec Pharmaceuticals' stock expected returns. We can calculate the autocorrelation of Fennec Pharmaceuticals returns to help us make a trade decision. For example, suppose you find that Fennec Pharmaceuticals 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 |
Fennec Pharmaceuticals 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 Fennec Pharmaceuticals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fennec Pharmaceuticals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Fennec Pharmaceuticals stock over time.
Current vs Lagged Prices |
| Timeline |
Fennec Pharmaceuticals Lagged Returns
When evaluating Fennec Pharmaceuticals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fennec Pharmaceuticals stock have on its future price. Fennec Pharmaceuticals 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, Fennec Pharmaceuticals autocorrelation shows the relationship between Fennec Pharmaceuticals stock current value and its past values and can show if there is a momentum factor associated with investing in Fennec Pharmaceuticals.
Regressed Prices |
| Timeline |
Pair Trading with Fennec Pharmaceuticals
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Fennec Pharmaceuticals position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Fennec Pharmaceuticals will appreciate offsetting losses from the drop in the long position's value.Moving against Fennec Stock
| 0.84 | POW | Power | PairCorr |
| 0.78 | SAP | Saputo Inc | PairCorr |
| 0.72 | GOOG | Alphabet CDR | PairCorr |
| 0.72 | GOOG | Alphabet CDR | PairCorr |
| 0.72 | IGM | IGM Financial | PairCorr |
The ability to find closely correlated positions to Fennec Pharmaceuticals could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Fennec Pharmaceuticals when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Fennec Pharmaceuticals - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Fennec Pharmaceuticals to buy it.
The correlation of Fennec Pharmaceuticals is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Fennec Pharmaceuticals moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Fennec Pharmaceuticals moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Fennec Pharmaceuticals can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Fennec Pharmaceuticals Correlation, Fennec Pharmaceuticals Volatility and Fennec Pharmaceuticals Alpha and Beta module to complement your research on Fennec Pharmaceuticals. To learn how to invest in Fennec Stock, please use our How to Invest in Fennec Pharmaceuticals guide.You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.
Fennec Pharmaceuticals technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.