First Colombia Gold Stock Market Value
First Colombia's market value is the price at which a share of First Colombia trades on a public exchange. It measures the collective expectations of First Colombia Gold investors about its performance. With this module, you can estimate the performance of a buy and hold strategy of First Colombia Gold and determine expected loss or profit from investing in First Colombia over a given investment horizon. Check out First Colombia Correlation, First Colombia Volatility and First Colombia Alpha and Beta module to complement your research on First Colombia.
| Symbol | First |
First Colombia '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 Colombia'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 First Colombia.
| 03/13/2024 |
| 06/11/2024 |
If you would invest 0.00 in First Colombia on March 13, 2024 and sell it all today you would earn a total of 0.00 from holding First Colombia Gold or generate 0.0% return on investment in First Colombia over 90 days. First Colombia Gold Corp. engages in the exploration and production of oil and gas properties More
First Colombia 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 Colombia'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 First Colombia Gold upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 54.01 | |||
| Information Ratio | 0.1137 | |||
| Maximum Drawdown | 150.0 | |||
| Value At Risk | (50.00) | |||
| Potential Upside | 100.0 |
First Colombia Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for First Colombia's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as First Colombia's standard deviation. In reality, there are many statistical measures that can use First Colombia historical prices to predict the future First Colombia's volatility.| Risk Adjusted Performance | 0.0807 | |||
| Jensen Alpha | 4.04 | |||
| Total Risk Alpha | 4.34 | |||
| Sortino Ratio | 0.0746 | |||
| Treynor Ratio | 1.2 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of First Colombia'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.
First Colombia Gold Backtested Returns
First Colombia is out of control given 3 months investment horizon. First Colombia Gold secures Sharpe Ratio (or Efficiency) of 0.11, which denotes the company had a 0.11% return per unit of risk over the last 3 months. We were able to analyze and collect data for twenty-one different technical indicators, which can help you to evaluate if expected returns of 4.03% are justified by taking the suggested risk. Use First Colombia Coefficient Of Variation of 878.2, downside deviation of 54.01, and Mean Deviation of 18.57 to evaluate company specific risk that cannot be diversified away. First Colombia holds a performance score of 8 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of 3.35, which means 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, First Colombia will likely underperform. Use First Colombia jensen alpha, potential upside, skewness, as well as the relationship between the maximum drawdown and semi variance , to analyze future returns on First Colombia.
Auto-correlation | -0.24 |
Weak reverse predictability
First Colombia Gold has weak reverse predictability. Overlapping area represents the amount of predictability between First Colombia time series from 13th of March 2024 to 27th of April 2024 and 27th of April 2024 to 11th of June 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 Colombia Gold price movement. The serial correlation of -0.24 indicates that over 24.0% of current First Colombia price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.24 | |
| Spearman Rank Test | -0.33 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
First Colombia Gold lagged returns against current returns
Autocorrelation, which is First Colombia 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 First Colombia's pink sheet expected returns. We can calculate the autocorrelation of First Colombia returns to help us make a trade decision. For example, suppose you find that First Colombia 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 |
| Timeline |
First Colombia 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 Colombia pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if First Colombia pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in First Colombia pink sheet over time.
Current vs Lagged Prices |
| Timeline |
First Colombia Lagged Returns
When evaluating First Colombia's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of First Colombia pink sheet have on its future price. First Colombia 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 Colombia autocorrelation shows the relationship between First Colombia pink sheet current value and its past values and can show if there is a momentum factor associated with investing in First Colombia Gold.
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 First Pink Sheet
First Colombia financial ratios help investors to determine whether First 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 First with respect to the benefits of owning First Colombia security.