First Helium Stock Market Value
| HELI Stock | 0.04 0.01 12.50% |
| Symbol | First |
First Helium Price To Book Ratio
First Helium '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 Helium'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 First Helium.
| 11/30/2023 |
| 11/24/2024 |
If you would invest 0.00 in First Helium on November 30, 2023 and sell it all today you would earn a total of 0.00 from holding First Helium or generate 0.0% return on investment in First Helium over 360 days. First Helium is related to or competes with First Hydrogen, Next Hydrogen, IShares Canadian, Altagas Cum, European Residential, RBC Discount, and IShares SPTSX. First Helium is entity of Canada. It is traded as Stock on V exchange. More
First Helium 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 Helium'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 First Helium upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 23.61 | |||
| Value At Risk | (10.00) | |||
| Potential Upside | 11.11 |
First Helium Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for First Helium's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as First Helium's standard deviation. In reality, there are many statistical measures that can use First Helium historical prices to predict the future First Helium's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (1.39) | |||
| Treynor Ratio | 0.1895 |
First Helium Backtested Returns
First Helium secures Sharpe Ratio (or Efficiency) of -0.0247, which denotes the company had a -0.0247% return per unit of risk over the last 3 months. First Helium exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm First Helium's Standard Deviation of 6.76, mean deviation of 4.46, and Variance of 45.74 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -1.71, which means a somewhat significant risk relative to the market. As returns on the market increase, returns on owning First Helium are expected to decrease by larger amounts. On the other hand, during market turmoil, First Helium is expected to outperform it. At this point, First Helium has a negative expected return of -0.17%. Please make sure to confirm First Helium's potential upside, kurtosis, and the relationship between the maximum drawdown and skewness , to decide if First Helium performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.27 |
Poor predictability
First Helium has poor predictability. Overlapping area represents the amount of predictability between First Helium time series from 30th of November 2023 to 28th of May 2024 and 28th of May 2024 to 24th 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 Helium price movement. The serial correlation of 0.27 indicates that nearly 27.0% of current First Helium price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.27 | |
| Spearman Rank Test | 0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
First Helium lagged returns against current returns
Autocorrelation, which is First Helium 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 Helium's stock expected returns. We can calculate the autocorrelation of First Helium returns to help us make a trade decision. For example, suppose you find that First Helium 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 |
First Helium 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 Helium stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if First Helium stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in First Helium stock over time.
Current vs Lagged Prices |
| Timeline |
First Helium Lagged Returns
When evaluating First Helium's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of First Helium stock have on its future price. First Helium 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 Helium autocorrelation shows the relationship between First Helium stock current value and its past values and can show if there is a momentum factor associated with investing in First Helium.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for First Stock Analysis
When running First Helium's price analysis, check to measure First Helium'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 First Helium is operating at the current time. Most of First Helium's value examination focuses on studying past and present price action to predict the probability of First Helium's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move First Helium's price. Additionally, you may evaluate how the addition of First Helium to your portfolios can decrease your overall portfolio volatility.