TechnipFMC PLC (Germany) Market Value
| 1T1 Stock | EUR 27.74 0.74 2.60% |
| Symbol | TechnipFMC |
TechnipFMC PLC '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 TechnipFMC PLC'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 TechnipFMC PLC.
| 12/30/2022 |
| 12/19/2024 |
If you would invest 0.00 in TechnipFMC PLC on December 30, 2022 and sell it all today you would earn a total of 0.00 from holding TechnipFMC PLC or generate 0.0% return on investment in TechnipFMC PLC over 720 days. TechnipFMC PLC is related to or competes with Tenaris SA, NOV, Superior Plus, SIVERS SEMICONDUCTORS, NorAm Drilling, Norsk Hydro, and Reliance Steel. TechnipFMC plc engages in the oil and gas projects, technologies, and systems and services businesses More
TechnipFMC PLC 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 TechnipFMC PLC'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 TechnipFMC PLC upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.35 | |||
| Information Ratio | 0.1333 | |||
| Maximum Drawdown | 12.5 | |||
| Value At Risk | (3.16) | |||
| Potential Upside | 4.32 |
TechnipFMC PLC Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TechnipFMC PLC's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TechnipFMC PLC's standard deviation. In reality, there are many statistical measures that can use TechnipFMC PLC historical prices to predict the future TechnipFMC PLC's volatility.| Risk Adjusted Performance | 0.1226 | |||
| Jensen Alpha | 0.3108 | |||
| Total Risk Alpha | 0.2708 | |||
| Sortino Ratio | 0.1305 | |||
| Treynor Ratio | 0.4058 |
TechnipFMC PLC Backtested Returns
TechnipFMC PLC appears to be very steady, given 3 months investment horizon. TechnipFMC PLC owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.1, which indicates the firm had a 0.1% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for TechnipFMC PLC, which you can use to evaluate the volatility of the company. Please review TechnipFMC PLC's Coefficient Of Variation of 685.06, risk adjusted performance of 0.1226, and Semi Deviation of 1.94 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, TechnipFMC PLC holds a performance score of 8. The entity has a beta of 0.8, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, TechnipFMC PLC's returns are expected to increase less than the market. However, during the bear market, the loss of holding TechnipFMC PLC is expected to be smaller as well. Please check TechnipFMC PLC's mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether TechnipFMC PLC's existing price patterns will revert.
Auto-correlation | 0.57 |
Modest predictability
TechnipFMC PLC has modest predictability. Overlapping area represents the amount of predictability between TechnipFMC PLC time series from 30th of December 2022 to 25th of December 2023 and 25th of December 2023 to 19th 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 TechnipFMC PLC price movement. The serial correlation of 0.57 indicates that roughly 57.0% of current TechnipFMC PLC price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.57 | |
| Spearman Rank Test | 0.6 | |
| Residual Average | 0.0 | |
| Price Variance | 10.08 |
TechnipFMC PLC lagged returns against current returns
Autocorrelation, which is TechnipFMC PLC 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 TechnipFMC PLC's stock expected returns. We can calculate the autocorrelation of TechnipFMC PLC returns to help us make a trade decision. For example, suppose you find that TechnipFMC PLC 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 |
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TechnipFMC PLC 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 TechnipFMC PLC stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TechnipFMC PLC stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TechnipFMC PLC stock over time.
Current vs Lagged Prices |
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TechnipFMC PLC Lagged Returns
When evaluating TechnipFMC PLC's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TechnipFMC PLC stock have on its future price. TechnipFMC PLC 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, TechnipFMC PLC autocorrelation shows the relationship between TechnipFMC PLC stock current value and its past values and can show if there is a momentum factor associated with investing in TechnipFMC PLC.
Regressed Prices |
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Additional Information and Resources on Investing in TechnipFMC Stock
When determining whether TechnipFMC PLC offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of TechnipFMC PLC's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Technipfmc Plc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Technipfmc Plc Stock:Check out TechnipFMC PLC Correlation, TechnipFMC PLC Volatility and TechnipFMC PLC Alpha and Beta module to complement your research on TechnipFMC PLC. For more detail on how to invest in TechnipFMC Stock please use our How to Invest in TechnipFMC PLC guide.You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.
TechnipFMC PLC 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.