Filo Mining (Sweden) Market Value
| FIL Stock | SEK 195.60 1.00 0.51% |
| Symbol | Filo |
Filo Mining '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 Filo Mining'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 Filo Mining.
| 03/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in Filo Mining on March 25, 2024 and sell it all today you would earn a total of 0.00 from holding Filo Mining Corp or generate 0.0% return on investment in Filo Mining over 30 days. Filo Mining is related to or competes with Boliden AB, and Leading Edge. Filo Mining Corp., together with its subsidiaries, engages in the identification, acquisition, exploration, evaluation, ... More
Filo Mining 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 Filo Mining'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 Filo Mining Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.28 | |||
| Information Ratio | 0.0972 | |||
| Maximum Drawdown | 10.59 | |||
| Value At Risk | (3.59) | |||
| Potential Upside | 4.51 |
Filo Mining Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Filo Mining's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Filo Mining's standard deviation. In reality, there are many statistical measures that can use Filo Mining historical prices to predict the future Filo Mining's volatility.| Risk Adjusted Performance | 0.0947 | |||
| Jensen Alpha | 0.3859 | |||
| Total Risk Alpha | (0) | |||
| Sortino Ratio | 0.094 | |||
| Treynor Ratio | (0.30) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Filo Mining'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.
Filo Mining Corp Backtested Returns
Filo Mining appears to be very steady, given 3 months investment horizon. Filo Mining Corp secures Sharpe Ratio (or Efficiency) of 0.12, which denotes the company had a 0.12% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Filo Mining Corp, which you can use to evaluate the volatility of the firm. Please utilize Filo Mining's Mean Deviation of 1.64, coefficient of variation of 712.29, and Downside Deviation of 2.28 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Filo Mining holds a performance score of 9. The firm shows a Beta (market volatility) of -1.01, which means a somewhat significant risk relative to the market. As the market becomes more bullish, returns on owning Filo Mining are expected to decrease slowly. On the other hand, during market turmoil, Filo Mining is expected to outperform it slightly. Please check Filo Mining's jensen alpha, potential upside, accumulation distribution, as well as the relationship between the treynor ratio and expected short fall , to make a quick decision on whether Filo Mining's price patterns will revert.
Auto-correlation | 0.33 |
Below average predictability
Filo Mining Corp has below average predictability. Overlapping area represents the amount of predictability between Filo Mining time series from 25th of March 2024 to 9th of April 2024 and 9th of April 2024 to 24th of April 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 Filo Mining Corp price movement. The serial correlation of 0.33 indicates that nearly 33.0% of current Filo Mining price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.33 | |
| Spearman Rank Test | 0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 20.89 |
Filo Mining Corp lagged returns against current returns
Autocorrelation, which is Filo Mining 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 Filo Mining's stock expected returns. We can calculate the autocorrelation of Filo Mining returns to help us make a trade decision. For example, suppose you find that Filo Mining 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 |
Filo Mining 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 Filo Mining stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Filo Mining stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Filo Mining stock over time.
Current vs Lagged Prices |
| Timeline |
Filo Mining Lagged Returns
When evaluating Filo Mining's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Filo Mining stock have on its future price. Filo Mining 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, Filo Mining autocorrelation shows the relationship between Filo Mining stock current value and its past values and can show if there is a momentum factor associated with investing in Filo Mining Corp.
Regressed Prices |
| Timeline |
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 Filo Mining 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, Filo Mining's short interest history, or implied volatility extrapolated from Filo Mining options trading.
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Try AI Portfolio ArchitectCheck out Filo Mining Correlation, Filo Mining Volatility and Filo Mining Alpha and Beta module to complement your research on Filo Mining. You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
Complementary Tools for Filo Stock analysis
When running Filo Mining's price analysis, check to measure Filo Mining'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 Filo Mining is operating at the current time. Most of Filo Mining's value examination focuses on studying past and present price action to predict the probability of Filo Mining's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Filo Mining's price. Additionally, you may evaluate how the addition of Filo Mining to your portfolios can decrease your overall portfolio volatility.
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Filo Mining 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.