Minera Frisco (Mexico) Market Value
| MFRISCOA-1 | MXN 3.80 0.06 1.60% |
| Symbol | Minera |
Minera Frisco '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 Minera Frisco'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 Minera Frisco.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Minera Frisco on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Minera Frisco SAB or generate 0.0% return on investment in Minera Frisco over 30 days. Minera Frisco is related to or competes with Cleveland Cliffs, and Compaa Minera. Minera Frisco, S.A.B. de C.V. engages in the exploration and exploitation of mining lots for the production and sale of ... More
Minera Frisco 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 Minera Frisco'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 Minera Frisco SAB upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.83 | |||
| Information Ratio | 0.0502 | |||
| Maximum Drawdown | 14.94 | |||
| Value At Risk | (3.64) | |||
| Potential Upside | 5.68 |
Minera Frisco Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Minera Frisco's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Minera Frisco's standard deviation. In reality, there are many statistical measures that can use Minera Frisco historical prices to predict the future Minera Frisco's volatility.| Risk Adjusted Performance | 0.0798 | |||
| Jensen Alpha | 0.2536 | |||
| Total Risk Alpha | (0.20) | |||
| Sortino Ratio | 0.0526 | |||
| Treynor Ratio | 2.05 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Minera Frisco'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.
Minera Frisco SAB Backtested Returns
Minera Frisco appears to be moderately volatile, given 3 months investment horizon. Minera Frisco SAB has Sharpe Ratio of 0.11, which conveys that the firm had a 0.11% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Minera Frisco, which you can use to evaluate the volatility of the firm. Please exercise Minera Frisco's Mean Deviation of 2.13, downside deviation of 2.83, and Risk Adjusted Performance of 0.0798 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Minera Frisco holds a performance score of 8. The company secures a Beta (Market Risk) of 0.13, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Minera Frisco's returns are expected to increase less than the market. However, during the bear market, the loss of holding Minera Frisco is expected to be smaller as well. Please check Minera Frisco's expected short fall, and the relationship between the maximum drawdown and rate of daily change , to make a quick decision on whether Minera Frisco's current price movements will revert.
Auto-correlation | -0.74 |
Almost perfect reverse predictability
Minera Frisco SAB has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Minera Frisco time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 Minera Frisco SAB price movement. The serial correlation of -0.74 indicates that around 74.0% of current Minera Frisco price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.74 | |
| Spearman Rank Test | -0.85 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Minera Frisco SAB lagged returns against current returns
Autocorrelation, which is Minera Frisco 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 Minera Frisco's stock expected returns. We can calculate the autocorrelation of Minera Frisco returns to help us make a trade decision. For example, suppose you find that Minera Frisco 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 |
Minera Frisco 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 Minera Frisco stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Minera Frisco stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Minera Frisco stock over time.
Current vs Lagged Prices |
| Timeline |
Minera Frisco Lagged Returns
When evaluating Minera Frisco's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Minera Frisco stock have on its future price. Minera Frisco 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, Minera Frisco autocorrelation shows the relationship between Minera Frisco stock current value and its past values and can show if there is a momentum factor associated with investing in Minera Frisco SAB.
Regressed Prices |
| Timeline |
Also Currently Popular
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.Other Information on Investing in Minera Stock
Minera Frisco financial ratios help investors to determine whether Minera 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 Minera with respect to the benefits of owning Minera Frisco security.