Fortune Minerals Limited Stock Market Value
| FTMDF Stock | USD 0.06 0 5.00% |
| Symbol | Fortune |
Fortune Minerals '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 Fortune Minerals' pink sheet 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 Fortune Minerals.
| 04/29/2025 |
| 07/28/2025 |
If you would invest 0.00 in Fortune Minerals on April 29, 2025 and sell it all today you would earn a total of 0.00 from holding Fortune Minerals Limited or generate 0.0% return on investment in Fortune Minerals over 90 days. Fortune Minerals is related to or competes with GoldQuest Mining, Nickel 28, New Age, Ardea Resources, Sherritt International, and China Molybdenum. Fortune Minerals Limited engages in the exploration and development of specialty metals, base metals, and precious metal... More
Fortune Minerals 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 Fortune Minerals' pink sheet 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 Fortune Minerals Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 17.63 | |||
| Information Ratio | 0.0627 | |||
| Maximum Drawdown | 58.33 | |||
| Value At Risk | (20.00) | |||
| Potential Upside | 25.0 |
Fortune Minerals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fortune Minerals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fortune Minerals' standard deviation. In reality, there are many statistical measures that can use Fortune Minerals historical prices to predict the future Fortune Minerals' volatility.| Risk Adjusted Performance | 0.0721 | |||
| Jensen Alpha | 1.28 | |||
| Total Risk Alpha | (2.05) | |||
| Sortino Ratio | 0.0411 | |||
| Treynor Ratio | (0.52) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Fortune Minerals' 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.
Fortune Minerals Backtested Returns
Fortune Minerals appears to be out of control, given 3 months investment horizon. Fortune Minerals secures Sharpe Ratio (or Efficiency) of 0.0887, which denotes the company had a 0.0887 % return per unit of risk over the last 3 months. By reviewing Fortune Minerals' technical indicators, you can evaluate if the expected return of 0.99% is justified by implied risk. Please utilize Fortune Minerals' Downside Deviation of 17.63, coefficient of variation of 1236.5, and Mean Deviation of 6.89 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Fortune Minerals holds a performance score of 6. The firm shows a Beta (market volatility) of -1.78, which means a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Fortune Minerals are expected to decrease by larger amounts. On the other hand, during market turmoil, Fortune Minerals is expected to outperform it. Please check Fortune Minerals' expected short fall, day median price, and the relationship between the potential upside and accumulation distribution , to make a quick decision on whether Fortune Minerals' price patterns will revert.
Auto-correlation | -0.41 |
Modest reverse predictability
Fortune Minerals Limited has modest reverse predictability. Overlapping area represents the amount of predictability between Fortune Minerals time series from 29th of April 2025 to 13th of June 2025 and 13th of June 2025 to 28th of July 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Fortune Minerals price movement. The serial correlation of -0.41 indicates that just about 41.0% of current Fortune Minerals price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.41 | |
| Spearman Rank Test | 0.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Fortune Minerals lagged returns against current returns
Autocorrelation, which is Fortune Minerals pink sheet'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 Fortune Minerals' pink sheet expected returns. We can calculate the autocorrelation of Fortune Minerals returns to help us make a trade decision. For example, suppose you find that Fortune Minerals has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Fortune Minerals 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 Fortune Minerals pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fortune Minerals pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Fortune Minerals pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Fortune Minerals Lagged Returns
When evaluating Fortune Minerals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fortune Minerals pink sheet have on its future price. Fortune Minerals 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, Fortune Minerals autocorrelation shows the relationship between Fortune Minerals pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Fortune Minerals Limited.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
| USOI | Credit Suisse X Links | |
| ULTY | Tidal Trust II | |
| CONY | YieldMax N Option | |
| BCAT | BlackRock Capital Allocation | |
| PDI | Pimco Dynamic Income |
Other Information on Investing in Fortune Pink Sheet
Fortune Minerals financial ratios help investors to determine whether Fortune Pink Sheet 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 Fortune with respect to the benefits of owning Fortune Minerals security.