Firetail Resources (Australia) Market Value
| FTL Stock | 0.08 0 1.23% |
| Symbol | Firetail |
Firetail Resources '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 Firetail Resources' 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 Firetail Resources.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Firetail Resources on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Firetail Resources or generate 0.0% return on investment in Firetail Resources over 30 days. Firetail Resources is related to or competes with Northern Star, Evolution Mining, Bluescope Steel, Sandfire Resources, Aneka Tambang, Perseus Mining, and De Grey. Firetail Resources is entity of Australia More
Firetail Resources 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 Firetail Resources' 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 Firetail Resources upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 7.91 | |||
| Information Ratio | 0.0364 | |||
| Maximum Drawdown | 42.73 | |||
| Value At Risk | (9.59) | |||
| Potential Upside | 12.24 |
Firetail Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Firetail Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Firetail Resources' standard deviation. In reality, there are many statistical measures that can use Firetail Resources historical prices to predict the future Firetail Resources' volatility.| Risk Adjusted Performance | 0.0511 | |||
| Jensen Alpha | 0.0634 | |||
| Total Risk Alpha | (0.83) | |||
| Sortino Ratio | 0.0339 | |||
| Treynor Ratio | 0.152 |
Firetail Resources Backtested Returns
Firetail Resources appears to be out of control, given 3 months investment horizon. Firetail Resources secures Sharpe Ratio (or Efficiency) of 0.076, which denotes the company had a 0.076% return per unit of risk over the last 3 months. By reviewing Firetail Resources' technical indicators, you can evaluate if the expected return of 0.55% is justified by implied risk. Please utilize Firetail Resources' Downside Deviation of 7.91, mean deviation of 5.01, and Coefficient Of Variation of 1813.83 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Firetail Resources holds a performance score of 5. The firm shows a Beta (market volatility) of 2.6, which means a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Firetail Resources will likely underperform. Please check Firetail Resources' total risk alpha, treynor ratio, value at risk, as well as the relationship between the sortino ratio and maximum drawdown , to make a quick decision on whether Firetail Resources' price patterns will revert.
Auto-correlation | -0.03 |
Very weak reverse predictability
Firetail Resources has very weak reverse predictability. Overlapping area represents the amount of predictability between Firetail Resources time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st of December 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 Firetail Resources price movement. The serial correlation of -0.03 indicates that only 3.0% of current Firetail Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.03 | |
| Spearman Rank Test | -0.53 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Firetail Resources lagged returns against current returns
Autocorrelation, which is Firetail Resources 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 Firetail Resources' stock expected returns. We can calculate the autocorrelation of Firetail Resources returns to help us make a trade decision. For example, suppose you find that Firetail Resources 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 |
Firetail Resources 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 Firetail Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Firetail Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Firetail Resources stock over time.
Current vs Lagged Prices |
| Timeline |
Firetail Resources Lagged Returns
When evaluating Firetail Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Firetail Resources stock have on its future price. Firetail Resources 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, Firetail Resources autocorrelation shows the relationship between Firetail Resources stock current value and its past values and can show if there is a momentum factor associated with investing in Firetail Resources.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Additional Tools for Firetail Stock Analysis
When running Firetail Resources' price analysis, check to measure Firetail Resources' 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 Firetail Resources is operating at the current time. Most of Firetail Resources' value examination focuses on studying past and present price action to predict the probability of Firetail Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Firetail Resources' price. Additionally, you may evaluate how the addition of Firetail Resources to your portfolios can decrease your overall portfolio volatility.