Harfang Exploration Stock Market Value
| HRFEF Stock | USD 0.06 0.01 32.16% |
| Symbol | Harfang |
Harfang Exploration '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 Harfang Exploration's pink sheet 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 Harfang Exploration.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in Harfang Exploration on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding Harfang Exploration or generate 0.0% return on investment in Harfang Exploration over 180 days. Harfang Exploration is related to or competes with Aurelia Metals, Fury Gold, Trilogy Metals, Vizsla Resources, Western Copper, EMX Royalty, and Critical Elements. Harfang Exploration Inc., an exploration and evaluation stage company, primarily acquires and explores for mineral prope... More
Harfang Exploration 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 Harfang Exploration's pink sheet 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 Harfang Exploration upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 24.3 | |||
| Information Ratio | 0.024 | |||
| Maximum Drawdown | 86.67 | |||
| Value At Risk | (18.20) | |||
| Potential Upside | 5.45 |
Harfang Exploration Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Harfang Exploration's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Harfang Exploration's standard deviation. In reality, there are many statistical measures that can use Harfang Exploration historical prices to predict the future Harfang Exploration's volatility.| Risk Adjusted Performance | 0.0357 | |||
| Jensen Alpha | (0.0009) | |||
| Total Risk Alpha | (1.78) | |||
| Sortino Ratio | 0.0132 | |||
| Treynor Ratio | 0.1273 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Harfang Exploration'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.
Harfang Exploration Backtested Returns
Harfang Exploration appears to be out of control, given 3 months investment horizon. Harfang Exploration holds Efficiency (Sharpe) Ratio of 0.0349, which attests that the entity had a 0.0349% return per unit of risk over the last 3 months. We have found thirty technical indicators for Harfang Exploration, which you can use to evaluate the volatility of the firm. Please utilize Harfang Exploration's Market Risk Adjusted Performance of 0.1373, risk adjusted performance of 0.0357, and Downside Deviation of 24.3 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Harfang Exploration holds a performance score of 2. The company retains a Market Volatility (i.e., Beta) of 3.52, which attests to 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, Harfang Exploration will likely underperform. Please check Harfang Exploration's expected short fall, day median price, and the relationship between the potential upside and accumulation distribution , to make a quick decision on whether Harfang Exploration's current trending patterns will revert.
Auto-correlation | 0.16 |
Very weak predictability
Harfang Exploration has very weak predictability. Overlapping area represents the amount of predictability between Harfang Exploration time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 2024 to 30th 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 Harfang Exploration price movement. The serial correlation of 0.16 indicates that over 16.0% of current Harfang Exploration price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.16 | |
| Spearman Rank Test | 0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Harfang Exploration lagged returns against current returns
Autocorrelation, which is Harfang Exploration pink sheet'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 Harfang Exploration's pink sheet expected returns. We can calculate the autocorrelation of Harfang Exploration returns to help us make a trade decision. For example, suppose you find that Harfang Exploration has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
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Harfang Exploration 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 Harfang Exploration pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Harfang Exploration pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Harfang Exploration pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Harfang Exploration Lagged Returns
When evaluating Harfang Exploration's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Harfang Exploration pink sheet have on its future price. Harfang Exploration 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, Harfang Exploration autocorrelation shows the relationship between Harfang Exploration pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Harfang Exploration.
Regressed Prices |
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Currently Active Assets on Macroaxis
Other Information on Investing in Harfang Pink Sheet
Harfang Exploration financial ratios help investors to determine whether Harfang Pink Sheet 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 Harfang with respect to the benefits of owning Harfang Exploration security.