Fireweed Zinc Stock Market Value
| FWZ Stock | CAD 1.37 0.01 0.72% |
| Symbol | Fireweed |
Fireweed Zinc Price To Book Ratio
Fireweed Zinc '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 Fireweed Zinc'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 Fireweed Zinc.
| 08/05/2024 |
| 11/03/2024 |
If you would invest 0.00 in Fireweed Zinc on August 5, 2024 and sell it all today you would earn a total of 0.00 from holding Fireweed Zinc or generate 0.0% return on investment in Fireweed Zinc over 90 days. Fireweed Zinc is related to or competes with Outcrop Gold, IShares Canadian, Altagas Cum, European Residential, RBC Discount, and IShares SPTSX. Fireweed Zinc Ltd. engages in the acquisition, exploration, and development of mineral properties in Canada More
Fireweed Zinc 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 Fireweed Zinc'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 Fireweed Zinc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.58 | |||
| Information Ratio | 0.0742 | |||
| Maximum Drawdown | 15.04 | |||
| Value At Risk | (4.55) | |||
| Potential Upside | 5.69 |
Fireweed Zinc Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fireweed Zinc's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fireweed Zinc's standard deviation. In reality, there are many statistical measures that can use Fireweed Zinc historical prices to predict the future Fireweed Zinc's volatility.| Risk Adjusted Performance | 0.081 | |||
| Jensen Alpha | 0.2686 | |||
| Total Risk Alpha | 0.0588 | |||
| Sortino Ratio | 0.0832 | |||
| Treynor Ratio | 11.89 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Fireweed Zinc'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.
Fireweed Zinc Backtested Returns
Fireweed Zinc appears to be very risky, given 3 months investment horizon. Fireweed Zinc 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 have found twenty-nine technical indicators for Fireweed Zinc, which you can use to evaluate the volatility of the firm. Please utilize Fireweed Zinc's Coefficient Of Variation of 1032.17, mean deviation of 2.16, and Downside Deviation of 2.58 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Fireweed Zinc holds a performance score of 8. The firm shows a Beta (market volatility) of 0.0227, which means not very significant fluctuations relative to the market. As returns on the market increase, Fireweed Zinc's returns are expected to increase less than the market. However, during the bear market, the loss of holding Fireweed Zinc is expected to be smaller as well. Please check Fireweed Zinc's value at risk, as well as the relationship between the skewness and day median price , to make a quick decision on whether Fireweed Zinc's price patterns will revert.
Auto-correlation | 0.73 |
Good predictability
Fireweed Zinc has good predictability. Overlapping area represents the amount of predictability between Fireweed Zinc time series from 5th of August 2024 to 19th of September 2024 and 19th of September 2024 to 3rd 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 Fireweed Zinc price movement. The serial correlation of 0.73 indicates that around 73.0% of current Fireweed Zinc price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.73 | |
| Spearman Rank Test | 0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Fireweed Zinc lagged returns against current returns
Autocorrelation, which is Fireweed Zinc 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 Fireweed Zinc's stock expected returns. We can calculate the autocorrelation of Fireweed Zinc returns to help us make a trade decision. For example, suppose you find that Fireweed Zinc 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 |
Fireweed Zinc 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 Fireweed Zinc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fireweed Zinc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Fireweed Zinc stock over time.
Current vs Lagged Prices |
| Timeline |
Fireweed Zinc Lagged Returns
When evaluating Fireweed Zinc's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fireweed Zinc stock have on its future price. Fireweed Zinc 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, Fireweed Zinc autocorrelation shows the relationship between Fireweed Zinc stock current value and its past values and can show if there is a momentum factor associated with investing in Fireweed Zinc.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Fireweed Stock Analysis
When running Fireweed Zinc's price analysis, check to measure Fireweed Zinc'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 Fireweed Zinc is operating at the current time. Most of Fireweed Zinc's value examination focuses on studying past and present price action to predict the probability of Fireweed Zinc's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Fireweed Zinc's price. Additionally, you may evaluate how the addition of Fireweed Zinc to your portfolios can decrease your overall portfolio volatility.