Freegold Ventures Limited Stock Price on December 16, 2024
If you're considering investing in Freegold Stock, it is important to understand the factors that can impact its price. Freegold Ventures secures Sharpe Ratio (or Efficiency) of -0.22, which denotes the company had a -0.22% return per unit of risk over the last 3 months. Freegold Ventures Limited exposes zero different technical indicators, which can help you to evaluate volatility embedded in its price movement.
Freegold Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Freegold |
Sharpe Ratio = 0.0
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Based on monthly moving average Freegold Ventures is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Freegold Ventures by adding Freegold Ventures to a well-diversified portfolio.
Freegold Ventures Valuation on December 16, 2024
It is possible to determine the worth of Freegold Ventures on a given historical date. On December 16, 2024 Freegold was worth 0.65 at the beginning of the trading date compared to the closed value of 0.69. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Freegold Ventures stock. Still, in general, we apply an absolute valuation method to find Freegold Ventures' value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Freegold Ventures where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Freegold Ventures' related companies.
Open | High | Low | Close | Volume | |
0.69 | 0.69 | 0.67 | 0.67 | 221,532 | |
12/16/2024 | 0.65 | 0.71 | 0.65 | 0.69 | 508,400 |
0.69 | 0.69 | 0.67 | 0.68 | 221,942 |
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Freegold Ventures Trading Date Momentum on December 16, 2024
On December 17 2024 Freegold Ventures Limited was traded for 0.68 at the closing time. The maximum traded price for the trading interval was 0.69 and the lowest daily price was 0.67 . The daily volume was recorded at 221.9 K. The volume of trading on 17th of December 2024 played a part in the next trading day price drop. The overall trading delta to the next closing price was 1.45% . The overall trading delta to the closing price today is 2.90% . |
Freegold Ventures Fundamentals Correlations and Trends
By evaluating Freegold Ventures' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Freegold Ventures' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Freegold financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Freegold Ventures Stock history
Freegold Ventures investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Freegold is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Freegold Ventures will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Freegold Ventures stock prices may prove useful in developing a viable investing in Freegold Ventures
Freegold Ventures Limited, an exploration stage company, engages in the acquisition, exploration, evaluation, and development of precious metal properties in the United States and Canada. Freegold Ventures Limited was incorporated in 1985 and is headquartered in Vancouver, Canada. FREEGOLD VENTURES operates under Industrial Metals Minerals classification in Canada and is traded on Toronto Stock Exchange. It employs 3 people.
Freegold Ventures Stock Technical Analysis
Freegold Ventures 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.
Price Boundaries
Freegold Ventures Period Price Range
Low | December 30, 2024
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0.00 | 0.00 |
Freegold Ventures Limited cannot be verified against its exchange. Please verify the symbol is currently traded on Toronto Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Freegold Ventures December 30, 2024 Market Strength
Market strength indicators help investors to evaluate how Freegold Ventures stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Freegold Ventures shares will generate the highest return on investment. By undertsting and applying Freegold Ventures stock market strength indicators, traders can identify Freegold Ventures Limited entry and exit signals to maximize returns
Freegold Ventures Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Freegold Ventures' price direction in advance. Along with the technical and fundamental analysis of Freegold Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Freegold to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
Risk Adjusted Performance | (0.17) | |||
Jensen Alpha | (0.82) | |||
Total Risk Alpha | (0.91) | |||
Treynor Ratio | (1.31) |
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Other Information on Investing in Freegold Stock
Freegold Ventures financial ratios help investors to determine whether Freegold 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 Freegold with respect to the benefits of owning Freegold Ventures security.