Freehold Royalties Stock Market Value
| FRU Stock | CAD 13.69 0.06 0.44% |
| Symbol | Freehold |
Freehold Royalties Price To Book Ratio
Freehold Royalties '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 Freehold Royalties' 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 Freehold Royalties.
| 09/25/2023 |
| 05/22/2024 |
If you would invest 0.00 in Freehold Royalties on September 25, 2023 and sell it all today you would earn a total of 0.00 from holding Freehold Royalties or generate 0.0% return on investment in Freehold Royalties over 240 days. Freehold Royalties is related to or competes with Enbridge Pref, Enbridge Pref, and Enbridge Pref. Freehold Royalties Ltd., an oil and gas royalty company, owns working interests in oil, natural gas, and potash properti... More
Freehold Royalties 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 Freehold Royalties' 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 Freehold Royalties upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.16 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 5.22 | |||
| Value At Risk | (1.73) | |||
| Potential Upside | 1.59 |
Freehold Royalties Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Freehold Royalties' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Freehold Royalties' standard deviation. In reality, there are many statistical measures that can use Freehold Royalties historical prices to predict the future Freehold Royalties' volatility.| Risk Adjusted Performance | 0.0223 | |||
| Jensen Alpha | 0.013 | |||
| Total Risk Alpha | (0.10) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.1715 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Freehold Royalties' 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.
Freehold Royalties Backtested Returns
Freehold Royalties secures Sharpe Ratio (or Efficiency) of -0.0286, which denotes the company had a -0.0286% return per unit of risk over the last 3 months. Freehold Royalties exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Freehold Royalties' Downside Deviation of 1.16, mean deviation of 0.8016, and Coefficient Of Variation of 3208.43 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.13, which means not very significant fluctuations relative to the market. As returns on the market increase, Freehold Royalties' returns are expected to increase less than the market. However, during the bear market, the loss of holding Freehold Royalties is expected to be smaller as well. Freehold Royalties has an expected return of -0.0271%. Please make sure to confirm Freehold Royalties information ratio, downside variance, day median price, as well as the relationship between the treynor ratio and kurtosis , to decide if Freehold Royalties performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.43 |
Modest reverse predictability
Freehold Royalties has modest reverse predictability. Overlapping area represents the amount of predictability between Freehold Royalties time series from 25th of September 2023 to 23rd of January 2024 and 23rd of January 2024 to 22nd of May 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 Freehold Royalties price movement. The serial correlation of -0.43 indicates that just about 43.0% of current Freehold Royalties price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.43 | |
| Spearman Rank Test | -0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 0.16 |
Freehold Royalties lagged returns against current returns
Autocorrelation, which is Freehold Royalties 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 Freehold Royalties' stock expected returns. We can calculate the autocorrelation of Freehold Royalties returns to help us make a trade decision. For example, suppose you find that Freehold Royalties 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 |
Freehold Royalties 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 Freehold Royalties stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Freehold Royalties stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Freehold Royalties stock over time.
Current vs Lagged Prices |
| Timeline |
Freehold Royalties Lagged Returns
When evaluating Freehold Royalties' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Freehold Royalties stock have on its future price. Freehold Royalties 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, Freehold Royalties autocorrelation shows the relationship between Freehold Royalties stock current value and its past values and can show if there is a momentum factor associated with investing in Freehold Royalties.
Regressed Prices |
| Timeline |
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Complementary Tools for Freehold Stock analysis
When running Freehold Royalties' price analysis, check to measure Freehold Royalties' 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 Freehold Royalties is operating at the current time. Most of Freehold Royalties' value examination focuses on studying past and present price action to predict the probability of Freehold Royalties' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Freehold Royalties' price. Additionally, you may evaluate how the addition of Freehold Royalties to your portfolios can decrease your overall portfolio volatility.
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Freehold Royalties technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.