Fury Gold Mines Stock Market Value
| FURY Stock | USD 0.41 0.01 2.50% |
| Symbol | Fury |
Fury Gold Mines Price To Book Ratio
Is Diversified Metals & Mining space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Fury Gold. If investors know Fury will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Fury Gold listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.06) | Return On Assets (0.05) | Return On Equity (0.08) |
The market value of Fury Gold Mines is measured differently than its book value, which is the value of Fury that is recorded on the company's balance sheet. Investors also form their own opinion of Fury Gold's value that differs from its market value or its book value, called intrinsic value, which is Fury Gold's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Fury Gold's market value can be influenced by many factors that don't directly affect Fury Gold's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Fury Gold's value and its price as these two are different measures arrived at by different means. Investors typically determine if Fury Gold is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fury Gold's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Fury 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 Fury Gold's 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 Fury Gold.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Fury Gold on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Fury Gold Mines or generate 0.0% return on investment in Fury Gold over 30 days. Fury Gold is related to or competes with EMX Royalty, Western Copper, Nevada King, Aftermath Silver, Vizsla Resources, NorthIsle Copper, and Trilogy Metals. Fury Gold Mines Limited operates as an exploration and development company in Canada More
Fury 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 Fury Gold's 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 Fury Gold Mines upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.05 | |||
| Information Ratio | (0) | |||
| Maximum Drawdown | 17.52 | |||
| Value At Risk | (4.44) | |||
| Potential Upside | 5.0 |
Fury Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fury Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fury Gold's standard deviation. In reality, there are many statistical measures that can use Fury Gold historical prices to predict the future Fury Gold's volatility.| Risk Adjusted Performance | 0.0291 | |||
| Jensen Alpha | 0.0676 | |||
| Total Risk Alpha | (0.36) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | 0.4556 |
Fury Gold Mines Backtested Returns
At this stage we consider Fury Stock to be out of control. Fury Gold Mines secures Sharpe Ratio (or Efficiency) of 0.0172, which denotes the company had a 0.0172% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Fury Gold Mines, which you can use to evaluate the volatility of the firm. Please confirm Fury Gold's Mean Deviation of 2.69, downside deviation of 4.05, and Coefficient Of Variation of 3573.8 to check if the risk estimate we provide is consistent with the expected return of 0.0594%. Fury Gold has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.19, which means not very significant fluctuations relative to the market. As returns on the market increase, Fury Gold's returns are expected to increase less than the market. However, during the bear market, the loss of holding Fury Gold is expected to be smaller as well. Fury Gold Mines right now shows a risk of 3.46%. Please confirm Fury Gold Mines potential upside, as well as the relationship between the accumulation distribution and price action indicator , to decide if Fury Gold Mines will be following its price patterns.
Auto-correlation | 0.58 |
Modest predictability
Fury Gold Mines has modest predictability. Overlapping area represents the amount of predictability between Fury Gold time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 Fury Gold Mines price movement. The serial correlation of 0.58 indicates that roughly 58.0% of current Fury Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.58 | |
| Spearman Rank Test | -0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Fury Gold Mines lagged returns against current returns
Autocorrelation, which is Fury Gold 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 Fury Gold's stock expected returns. We can calculate the autocorrelation of Fury Gold returns to help us make a trade decision. For example, suppose you find that Fury Gold 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 |
Fury 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 Fury Gold stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fury Gold stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Fury Gold stock over time.
Current vs Lagged Prices |
| Timeline |
Fury Gold Lagged Returns
When evaluating Fury Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fury Gold stock have on its future price. Fury 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, Fury Gold autocorrelation shows the relationship between Fury Gold stock current value and its past values and can show if there is a momentum factor associated with investing in Fury Gold Mines.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Fury Stock Analysis
When running Fury Gold's price analysis, check to measure Fury Gold's 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 Fury Gold is operating at the current time. Most of Fury Gold's value examination focuses on studying past and present price action to predict the probability of Fury Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Fury Gold's price. Additionally, you may evaluate how the addition of Fury Gold to your portfolios can decrease your overall portfolio volatility.