Faraday Copper Corp Stock Market Value
| FDY Stock | CAD 0.76 0.01 1.33% |
| Symbol | Faraday |
Faraday Copper Corp Price To Book Ratio
Faraday Copper '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 Faraday Copper'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 Faraday Copper.
| 08/11/2024 |
| 09/10/2024 |
If you would invest 0.00 in Faraday Copper on August 11, 2024 and sell it all today you would earn a total of 0.00 from holding Faraday Copper Corp or generate 0.0% return on investment in Faraday Copper over 30 days. Faraday Copper is related to or competes with Arizona Sonoran, Filo Mining, and Marimaca Copper. Faraday Copper is entity of Canada. It is traded as Stock on TO exchange. More
Faraday Copper 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 Faraday Copper'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 Faraday Copper Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 16.62 | |||
| Value At Risk | (3.90) | |||
| Potential Upside | 4.82 |
Faraday Copper Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Faraday Copper's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Faraday Copper's standard deviation. In reality, there are many statistical measures that can use Faraday Copper historical prices to predict the future Faraday Copper's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.26) | |||
| Treynor Ratio | 0.102 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Faraday Copper'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.
Faraday Copper Corp Backtested Returns
Faraday Copper Corp secures Sharpe Ratio (or Efficiency) of -0.0419, which denotes the company had a -0.0419% return per unit of risk over the last 3 months. Faraday Copper Corp exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Faraday Copper's Standard Deviation of 2.63, mean deviation of 1.64, and Variance of 6.89 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.53, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Faraday Copper are expected to decrease at a much lower rate. During the bear market, Faraday Copper is likely to outperform the market. At this point, Faraday Copper Corp has a negative expected return of -0.11%. Please make sure to confirm Faraday Copper's skewness, as well as the relationship between the rate of daily change and period momentum indicator , to decide if Faraday Copper Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.1 |
Very weak reverse predictability
Faraday Copper Corp has very weak reverse predictability. Overlapping area represents the amount of predictability between Faraday Copper time series from 11th of August 2024 to 26th of August 2024 and 26th of August 2024 to 10th of September 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 Faraday Copper Corp price movement. The serial correlation of -0.1 indicates that less than 10.0% of current Faraday Copper price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.1 | |
| Spearman Rank Test | -0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Faraday Copper Corp lagged returns against current returns
Autocorrelation, which is Faraday Copper 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 Faraday Copper's stock expected returns. We can calculate the autocorrelation of Faraday Copper returns to help us make a trade decision. For example, suppose you find that Faraday Copper 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 |
Faraday Copper 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 Faraday Copper stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Faraday Copper stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Faraday Copper stock over time.
Current vs Lagged Prices |
| Timeline |
Faraday Copper Lagged Returns
When evaluating Faraday Copper's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Faraday Copper stock have on its future price. Faraday Copper 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, Faraday Copper autocorrelation shows the relationship between Faraday Copper stock current value and its past values and can show if there is a momentum factor associated with investing in Faraday Copper Corp.
Regressed Prices |
| Timeline |
Other Information on Investing in Faraday Stock
Faraday Copper financial ratios help investors to determine whether Faraday 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 Faraday with respect to the benefits of owning Faraday Copper security.