Fortune Minerals Limited Stock Price Patterns
| FT Stock | CAD 0.12 0.01 7.69% |
Momentum 81
Buy Peaked
Oversold | Overbought |
Quarterly Earnings Growth (0.70) | Wall Street Target Price 0.42 | Quarterly Revenue Growth 1.68 |
Using Fortune Minerals hype-based prediction, you can estimate the value of Fortune Minerals Limited from the perspective of Fortune Minerals response to recently generated media hype and the effects of current headlines on its competitors.
The fear of missing out, i.e., FOMO, can cause potential investors in Fortune Minerals to buy its stock at a price that has no basis in reality. In that case, they are not buying Fortune because the equity is a good investment, but because they need to do something to avoid the feeling of missing out. On the other hand, investors will often sell stocks at prices well below their value during bear markets because they need to stop feeling the pain of losing money.
Fortune Minerals after-hype prediction price | CAD 0.12 |
There is no one specific way to measure market sentiment using hype analysis or a similar predictive technique. This prediction method should be used in combination with more fundamental and traditional techniques such as stock price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
Fortune |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Fortune Minerals' 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.
Fortune Minerals After-Hype Price Density Analysis
As far as predicting the price of Fortune Minerals at your current risk attitude, this probability distribution graph shows the chance that the prediction will fall between or within a specific range. We use this chart to confirm that your returns on investing in Fortune Minerals or, for that matter, your successful expectations of its future price, cannot be replicated consistently. Please note, a large amount of money has been lost over the years by many investors who confused the symmetrical distributions of Stock prices, such as prices of Fortune Minerals, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
Fortune Minerals Estimiated After-Hype Price Volatility
In the context of predicting Fortune Minerals' stock value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on Fortune Minerals' historical news coverage. Fortune Minerals' after-hype downside and upside margins for the prediction period are 0.01 and 5.25, respectively. We have considered Fortune Minerals' daily market price in relation to the headlines to evaluate this method's predictive performance. Remember, however, there is no scientific proof or empirical evidence that news-based prediction models compare with traditional linear, nonlinear models or artificial intelligence models to provide accurate predictions consistently.
Current Value
Fortune Minerals is out of control at this time. Analysis and calculation of next after-hype price of Fortune Minerals is based on 3 months time horizon.
Fortune Minerals Stock Price Outlook Analysis
Have you ever been surprised when a price of a Company such as Fortune Minerals is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Fortune Minerals backward and forwards among themselves. Have you ever observed a lot of a particular company's price movement is driven by press releases or news about the company that has nothing to do with actual earnings? Usually, hype to individual companies acts as price momentum. If not enough favorable publicity is forthcoming, the Stock price eventually runs out of speed. So, the rule of thumb here is that as long as this news hype has nothing to do with immediate earnings, you should pay more attention to it. If you see this tendency with Fortune Minerals, there might be something going there, and it might present an excellent short sale opportunity.
| Expected Return | Period Volatility | Hype Elasticity | Related Elasticity | News Density | Related Density | Expected Hype |
0.43 | 5.13 | 0.00 | 0.00 | 5 Events / Month | 2 Events / Month | In about 5 days |
| Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | |
0.12 | 0.12 | 0.00 |
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Fortune Minerals Hype Timeline
Fortune Minerals is currently traded for 0.12on Toronto Exchange of Canada. The entity stock is not elastic to its hype. The average elasticity to hype of competition is 0.0. Fortune is anticipated not to react to the next headline, with the price staying at about the same level, and average media hype impact volatility is insignificant. The immediate return on the next news is anticipated to be very small, whereas the daily expected return is currently at 0.43%. %. The volatility of related hype on Fortune Minerals is about 461700.0%, with the expected price after the next announcement by competition of 0.12. The company has price-to-book (P/B) ratio of 0.54. Some equities with similar Price to Book (P/B) outperform the market in the long run. Fortune Minerals recorded a loss per share of 0.02. The entity had not issued any dividends in recent years. The firm had 3:1 split on the 5th of August 1997. Assuming the 90 days horizon the next anticipated press release will be in about 5 days. Check out Fortune Minerals Basic Forecasting Models to cross-verify your projections.Fortune Minerals Related Hype Analysis
Having access to credible news sources related to Fortune Minerals' direct competition is more important than ever and may enhance your ability to predict Fortune Minerals' future price movements. Getting to know how Fortune Minerals' peers react to changing market sentiment, related social signals, and mainstream news is a great way to find investing opportunities and time the market. The summary table below summarizes the essential lagging indicators that can help you analyze how Fortune Minerals may potentially react to the hype associated with one of its peers.
| HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
| AMY | American Manganese | 0.00 | 0 per month | 0.00 | (0.14) | 10.00 | (10.00) | 33.33 | |
| SAG | Sterling Metals Corp | 0.05 | 5 per month | 3.24 | 0.03 | 9.50 | (6.06) | 22.21 | |
| NKG | Nevada King Gold | 0.02 | 5 per month | 3.92 | 0.12 | 11.11 | (7.14) | 38.10 | |
| WHY | West High Yield | (0.01) | 5 per month | 0.00 | (0.02) | 5.13 | (6.00) | 41.82 | |
| ESK | Eskay Mining Corp | (0.01) | 4 per month | 5.98 | 0.16 | 13.64 | (8.77) | 72.68 | |
| AVL | Avalon Advanced Materials | 0.00 | 6 per month | 5.61 | 0.04 | 20.00 | (16.67) | 62.50 | |
| PGZ | Pan Global Resources | 0.00 | 6 per month | 2.89 | 0.04 | 7.14 | (6.67) | 27.15 | |
| NMI | Namibia Critical Metals | (0.05) | 2 per month | 5.89 | 0.07 | 14.29 | (10.00) | 58.48 | |
| MD | Midland Exploration | (0.01) | 4 per month | 2.17 | 0.04 | 4.65 | (3.57) | 14.69 |
Fortune Minerals Additional Predictive Modules
Most predictive techniques to examine Fortune price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Fortune using various technical indicators. When you analyze Fortune charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
About Fortune Minerals Predictive Indicators
The successful prediction of Fortune Minerals stock price could yield a significant profit to investors. But is it possible? The efficient-market hypothesis suggests that all published stock prices of traded companies, such as Fortune Minerals Limited, already reflect all publicly available information. This academic statement is a fundamental principle of many financial and investing theories used today. However, the typical investor usually disagrees with a 'textbook' version of this hypothesis and continually tries to find mispriced stocks to increase returns. We use internally-developed statistical techniques to arrive at the intrinsic value of Fortune Minerals based on analysis of Fortune Minerals hews, social hype, general headline patterns, and widely used predictive technical indicators.
We also calculate exposure to Fortune Minerals's market risk, different technical and fundamental indicators, relevant financial multiples and ratios, and then comparing them to Fortune Minerals's related companies. | 2025 | 2026 (projected) | Payables Turnover | 0.13 | 0.0933 | Days Of Inventory On Hand | 184.76 | 328.76 |
Pair Trading with Fortune Minerals
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Fortune Minerals position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Fortune Minerals will appreciate offsetting losses from the drop in the long position's value.Moving together with Fortune Stock
| 0.81 | AG | First Majestic Silver | PairCorr |
| 0.76 | IE | Ivanhoe Energy | PairCorr |
| 0.86 | ORE | Orezone Gold Corp | PairCorr |
| 0.79 | FDY | Faraday Copper Corp | PairCorr |
Moving against Fortune Stock
The ability to find closely correlated positions to Fortune Minerals could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Fortune Minerals when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Fortune Minerals - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Fortune Minerals Limited to buy it.
The correlation of Fortune Minerals is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Fortune Minerals moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Fortune Minerals moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Fortune Minerals can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Fortune Stock
Fortune Minerals financial ratios help investors to determine whether Fortune 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 Fortune with respect to the benefits of owning Fortune Minerals security.