Fury Gold Mines Stock Alpha and Beta Analysis
| FURY Stock | CAD 0.54 0.02 3.57% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Fury Gold Mines. It also helps investors analyze the systematic and unsystematic risks associated with investing in Fury Gold over a specified time horizon. Remember, high Fury Gold's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to Fury Gold's market risk premium analysis include:
Beta 1.55 | Alpha 0.0851 | Risk 4.46 | Sharpe Ratio 0.0706 | Expected Return 0.31 |
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Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
Fury |
Fury Gold Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Fury Gold market risk premium is the additional return an investor will receive from holding Fury Gold long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Fury Gold. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate Fury Gold's performance over market.| α | 0.09 | β | 1.55 |
Fury Gold expected buy-and-hold returns
Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of Fury Gold's Buy-and-hold return. Our buy-and-hold chart shows how Fury Gold performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Fury Gold Market Price Analysis
Market price analysis indicators help investors to evaluate how Fury Gold stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Fury Gold shares will generate the highest return on investment. By understating and applying Fury Gold stock market price indicators, traders can identify Fury Gold position entry and exit signals to maximize returns.
Fury Gold Return and Market Media
The median price of Fury Gold for the period between Tue, Feb 13, 2024 and Mon, May 13, 2024 is 0.56 with a coefficient of variation of 15.42. The daily time series for the period is distributed with a sample standard deviation of 0.09, arithmetic mean of 0.57, and mean deviation of 0.07. The Stock received substential amount of media coverage during this period. Price Growth (%) |
| Timeline |
1 | Fury Consolidates Interests at lonore South Gold Project to 100 percent - Markets Insider | 02/26/2024 |
2 | Fury Gold Mines enters agreement to place shares of Dolly Varden Silver - TipRanks.com - TipRanks | 03/06/2024 |
3 | Fury Gold Mines Limited to Commence Drilling at Eleonore South Gold Project - Marketscreener.com | 03/20/2024 |
4 | Fury Gold Mines Consolidates Eleonore South CEO Tim Clark Lays Out His Master Plan - TradingView | 03/27/2024 |
5 | Closing Bell Fury Gold Mines Ltd down on Monday - The Globe and Mail | 04/22/2024 |
6 | Heres Why Fury Gold Mines Limited is Poised for a Turnaround After Losing 28.7 percent in 4 Weeks - Yahoo New Zealand News | 05/02/2024 |
About Fury Gold Beta and Alpha
For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including Fury or other stocks. Alpha measures the amount that position in Fury Gold Mines has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Fury Gold in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Fury Gold's short interest history, or implied volatility extrapolated from Fury Gold options trading.
Build Portfolio with Fury Gold
Your optimized portfolios are the building block of your wealth. We provide an intuitive interface to determine which securities in a portfolio should be removed or rebalanced to achieve better diversification, find the right mix of securities that minimizes portfolio risk for a given return, or maximize portfolio expected return for a given risk level.Build Diversified Portfolios
Align your risk with return expectations
Check out Fury Gold Backtesting, Fury Gold Valuation, Fury Gold Correlation, Fury Gold Hype Analysis, Fury Gold Volatility, Fury Gold History and analyze Fury Gold Performance. You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.
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When running Fury Gold's price analysis, check to measure Fury Gold's 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 Fury Gold is operating at the current time. Most of Fury Gold's value examination focuses on studying past and present price action to predict the probability of Fury Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Fury Gold's price. Additionally, you may evaluate how the addition of Fury Gold to your portfolios can decrease your overall portfolio volatility.
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Fury Gold 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.