Fortitude Gold Corp Stock Market Value
| FTCO Stock | USD 5.18 0.08 1.57% |
| Symbol | Fortitude |
Fortitude 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 Fortitude Gold'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 Fortitude Gold.
| 12/19/2024 |
| 01/18/2025 |
If you would invest 0.00 in Fortitude Gold on December 19, 2024 and sell it all today you would earn a total of 0.00 from holding Fortitude Gold Corp or generate 0.0% return on investment in Fortitude Gold over 30 days. Fortitude Gold is related to or competes with Generationome Properties, Gold Resource, PermRock Royalty, and Ellington Residential. Fortitude Gold Corporation, a mining company, focuses on exploring gold and silver projects More
Fortitude 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 Fortitude Gold'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 Fortitude Gold Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.57 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 8.07 | |||
| Value At Risk | (2.36) | |||
| Potential Upside | 2.3 |
Fortitude Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fortitude Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fortitude Gold's standard deviation. In reality, there are many statistical measures that can use Fortitude Gold historical prices to predict the future Fortitude Gold's volatility.| Risk Adjusted Performance | 0.0124 | |||
| Jensen Alpha | 0.0091 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | (0.02) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Fortitude Gold's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Fortitude Gold Corp Backtested Returns
Fortitude Gold Corp secures Sharpe Ratio (or Efficiency) of -0.0274, which denotes the company had a -0.0274% return per unit of risk over the last 3 months. Fortitude Gold Corp exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Fortitude Gold's Downside Deviation of 1.57, coefficient of variation of 10608.78, and Mean Deviation of 1.15 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.23, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Fortitude Gold are expected to decrease at a much lower rate. During the bear market, Fortitude Gold is likely to outperform the market. At this point, Fortitude Gold Corp has a negative expected return of -0.043%. Please make sure to confirm Fortitude Gold's value at risk, as well as the relationship between the skewness and day median price , to decide if Fortitude Gold Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.48 |
Average predictability
Fortitude Gold Corp has average predictability. Overlapping area represents the amount of predictability between Fortitude Gold time series from 19th of December 2024 to 3rd of January 2025 and 3rd of January 2025 to 18th of January 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 Fortitude Gold Corp price movement. The serial correlation of 0.48 indicates that about 48.0% of current Fortitude Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.48 | |
| Spearman Rank Test | 0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Fortitude Gold Corp lagged returns against current returns
Autocorrelation, which is Fortitude Gold 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 Fortitude Gold's otc stock expected returns. We can calculate the autocorrelation of Fortitude Gold returns to help us make a trade decision. For example, suppose you find that Fortitude Gold 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 |
Fortitude 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 Fortitude Gold otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fortitude Gold otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Fortitude Gold otc stock over time.
Current vs Lagged Prices |
| Timeline |
Fortitude Gold Lagged Returns
When evaluating Fortitude Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fortitude Gold otc stock have on its future price. Fortitude 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, Fortitude Gold autocorrelation shows the relationship between Fortitude Gold otc stock current value and its past values and can show if there is a momentum factor associated with investing in Fortitude Gold Corp.
Regressed Prices |
| Timeline |
Pair Trading with Fortitude Gold
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 Fortitude Gold 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 Fortitude Gold will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Fortitude Gold could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Fortitude Gold 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 Fortitude Gold - 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 Fortitude Gold Corp to buy it.
The correlation of Fortitude Gold 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 Fortitude Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Fortitude Gold Corp 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 Fortitude Gold 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.Other Information on Investing in Fortitude OTC Stock
Fortitude Gold financial ratios help investors to determine whether Fortitude OTC Stock 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 Fortitude with respect to the benefits of owning Fortitude Gold security.