Forum Energy Metals Stock Market Value
| FDCFF Stock | USD 0.05 0 7.80% |
| Symbol | Forum |
Forum Energy '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 Forum Energy's otc 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 Forum Energy.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in Forum Energy on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding Forum Energy Metals or generate 0.0% return on investment in Forum Energy over 30 days. Forum Energy is related to or competes with Seadrill, Noble Plc, Borr Drilling, SCOR PK, HUMANA, Barloworld, and Morningstar Unconstrained. Forum Energy Metals Corp. engages in the evaluation, acquisition, exploration, and development of natural resource prope... More
Forum Energy 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 Forum Energy's otc 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 Forum Energy Metals upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 14.06 | |||
| Information Ratio | 0.0132 | |||
| Maximum Drawdown | 45.24 | |||
| Value At Risk | (12.50) | |||
| Potential Upside | 14.29 |
Forum Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Forum Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Forum Energy's standard deviation. In reality, there are many statistical measures that can use Forum Energy historical prices to predict the future Forum Energy's volatility.| Risk Adjusted Performance | 0.0291 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.97) | |||
| Sortino Ratio | 0.0083 | |||
| Treynor Ratio | 0.0917 |
Forum Energy Metals Backtested Returns
Forum Energy appears to be out of control, given 3 months investment horizon. Forum Energy Metals secures Sharpe Ratio (or Efficiency) of 0.0265, which denotes the company had a 0.0265% return per unit of risk over the last 3 months. We have found thirty technical indicators for Forum Energy Metals, which you can use to evaluate the volatility of the firm. Please utilize Forum Energy's Mean Deviation of 5.75, downside deviation of 14.06, and Coefficient Of Variation of 3829.13 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Forum Energy holds a performance score of 2. The firm shows a Beta (market volatility) of 2.39, which means a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Forum Energy will likely underperform. Please check Forum Energy's expected short fall, day median price, and the relationship between the potential upside and accumulation distribution , to make a quick decision on whether Forum Energy's price patterns will revert.
Auto-correlation | 0.43 |
Average predictability
Forum Energy Metals has average predictability. Overlapping area represents the amount of predictability between Forum Energy time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 to 4th of December 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 Forum Energy Metals price movement. The serial correlation of 0.43 indicates that just about 43.0% of current Forum Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.43 | |
| Spearman Rank Test | -0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Forum Energy Metals lagged returns against current returns
Autocorrelation, which is Forum Energy otc 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 Forum Energy's otc stock expected returns. We can calculate the autocorrelation of Forum Energy returns to help us make a trade decision. For example, suppose you find that Forum Energy has exhibited high autocorrelation historically, and you observe that the otc 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 |
Forum Energy 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 Forum Energy otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Forum Energy otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Forum Energy otc stock over time.
Current vs Lagged Prices |
| Timeline |
Forum Energy Lagged Returns
When evaluating Forum Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Forum Energy otc stock have on its future price. Forum Energy 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, Forum Energy autocorrelation shows the relationship between Forum Energy otc stock current value and its past values and can show if there is a momentum factor associated with investing in Forum Energy Metals.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Forum OTC Stock
Forum Energy financial ratios help investors to determine whether Forum OTC 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 Forum with respect to the benefits of owning Forum Energy security.