First Mining Gold Stock Market Value
| FF Stock | CAD 0.18 0.01 5.26% |
| Symbol | First |
First Mining Gold Price To Book Ratio
First 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 First 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 First Mining.
| 04/22/2025 |
| 07/21/2025 |
If you would invest 0.00 in First Mining on April 22, 2025 and sell it all today you would earn a total of 0.00 from holding First Mining Gold or generate 0.0% return on investment in First Mining over 90 days. First Mining is related to or competes with Euro Sun, First Mining, GoldMining, K92 Mining, and White Gold. First Mining Gold Corp. develops and explores for gold projects More
First 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 First 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 First Mining Gold upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 7.84 | |||
| Information Ratio | 0.0697 | |||
| Maximum Drawdown | 33.93 | |||
| Value At Risk | (5.88) | |||
| Potential Upside | 7.14 |
First Mining Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for First Mining's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as First Mining's standard deviation. In reality, there are many statistical measures that can use First Mining historical prices to predict the future First Mining's volatility.| Risk Adjusted Performance | 0.096 | |||
| Jensen Alpha | 0.5055 | |||
| Total Risk Alpha | (0.28) | |||
| Sortino Ratio | 0.0518 | |||
| Treynor Ratio | 2.25 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of First 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.
First Mining Gold Backtested Returns
First Mining appears to be out of control, given 3 months investment horizon. First Mining Gold secures Sharpe Ratio (or Efficiency) of 0.0782, which denotes the company had a 0.0782 % return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for First Mining Gold, which you can use to evaluate the volatility of the firm. Please utilize First Mining's Downside Deviation of 7.84, mean deviation of 3.87, and Coefficient Of Variation of 1065.97 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, First Mining holds a performance score of 6. The firm shows a Beta (market volatility) of 0.24, which means not very significant fluctuations relative to the market. As returns on the market increase, First Mining's returns are expected to increase less than the market. However, during the bear market, the loss of holding First Mining is expected to be smaller as well. Please check First Mining's value at risk, as well as the relationship between the skewness and day median price , to make a quick decision on whether First Mining's price patterns will revert.
Auto-correlation | 0.16 |
Very weak predictability
First Mining Gold has very weak predictability. Overlapping area represents the amount of predictability between First Mining time series from 22nd of April 2025 to 6th of June 2025 and 6th of June 2025 to 21st 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 First Mining Gold price movement. The serial correlation of 0.16 indicates that over 16.0% of current First Mining price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.16 | |
| Spearman Rank Test | 0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
First Mining Gold lagged returns against current returns
Autocorrelation, which is First 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 First Mining's stock expected returns. We can calculate the autocorrelation of First Mining returns to help us make a trade decision. For example, suppose you find that First 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 |
First 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 First Mining stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if First Mining stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in First Mining stock over time.
Current vs Lagged Prices |
| Timeline |
First Mining Lagged Returns
When evaluating First Mining's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of First Mining stock have on its future price. First 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, First Mining autocorrelation shows the relationship between First Mining stock current value and its past values and can show if there is a momentum factor associated with investing in First Mining Gold.
Regressed Prices |
| Timeline |
Pair Trading with First Mining
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if First Mining position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in First Mining will appreciate offsetting losses from the drop in the long position's value.Moving together with First Stock
Moving against First Stock
| 0.68 | BRK | Berkshire Hathaway CDR | PairCorr |
| 0.56 | FDR | Flinders Resources Earnings Call This Week | PairCorr |
| 0.53 | INFM | Infinico Metals Corp | PairCorr |
The ability to find closely correlated positions to First Mining could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace First Mining when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back First Mining - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling First Mining Gold to buy it.
The correlation of First Mining is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as First Mining moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if First Mining Gold moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for First Mining can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in First Stock
First Mining financial ratios help investors to determine whether First 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 First with respect to the benefits of owning First Mining security.