Fujian Green's market value is the price at which a share of Fujian Green trades on a public exchange. It measures the collective expectations of Fujian Green Pine investors about its performance. Fujian Green is trading at 4.93 as of the 31st of December 2024, a 2.18 percent decrease since the beginning of the trading day. The stock's open price was 5.04. With this module, you can estimate the performance of a buy and hold strategy of Fujian Green Pine and determine expected loss or profit from investing in Fujian Green over a given investment horizon. Check out Fujian Green Correlation, Fujian Green Volatility and Fujian Green Alpha and Beta module to complement your research on Fujian Green.
Please note, there is a significant difference between Fujian Green's value and its price as these two are different measures arrived at by different means. Investors typically determine if Fujian Green is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fujian Green's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Fujian Green '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 Fujian Green'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 Fujian Green.
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Fujian Green'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 Fujian Green Pine upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fujian Green's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fujian Green's standard deviation. In reality, there are many statistical measures that can use Fujian Green historical prices to predict the future Fujian Green's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Fujian Green. Your research has to be compared to or analyzed against Fujian Green's peers to derive any actionable benefits. When done correctly, Fujian Green's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Fujian Green Pine.
Fujian Green Pine Backtested Returns
At this point, Fujian Green is moderately volatile. Fujian Green Pine secures Sharpe Ratio (or Efficiency) of 0.0014, which denotes the company had a 0.0014% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Fujian Green Pine, which you can use to evaluate the volatility of the firm. Please confirm Fujian Green's Downside Deviation of 3.37, coefficient of variation of 70173.07, and Mean Deviation of 2.12 to check if the risk estimate we provide is consistent with the expected return of 0.0042%. The firm shows a Beta (market volatility) of 0.0494, which means not very significant fluctuations relative to the market. As returns on the market increase, Fujian Green's returns are expected to increase less than the market. However, during the bear market, the loss of holding Fujian Green is expected to be smaller as well. Fujian Green Pine right now shows a risk of 2.94%. Please confirm Fujian Green Pine mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to decide if Fujian Green Pine will be following its price patterns.
Auto-correlation
-0.78
Almost perfect reverse predictability
Fujian Green Pine has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Fujian Green time series from 1st of December 2024 to 16th of December 2024 and 16th of December 2024 to 31st 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 Fujian Green Pine price movement. The serial correlation of -0.78 indicates that around 78.0% of current Fujian Green price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.78
Spearman Rank Test
-0.83
Residual Average
0.0
Price Variance
0.05
Fujian Green Pine lagged returns against current returns
Autocorrelation, which is Fujian Green 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 Fujian Green's stock expected returns. We can calculate the autocorrelation of Fujian Green returns to help us make a trade decision. For example, suppose you find that Fujian Green 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
Fujian Green 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 Fujian Green stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fujian Green stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Fujian Green stock over time.
Current vs Lagged Prices
Timeline
Fujian Green Lagged Returns
When evaluating Fujian Green's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fujian Green stock have on its future price. Fujian Green 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, Fujian Green autocorrelation shows the relationship between Fujian Green stock current value and its past values and can show if there is a momentum factor associated with investing in Fujian Green Pine.
Regressed Prices
Timeline
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Fujian Green financial ratios help investors to determine whether Fujian 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 Fujian with respect to the benefits of owning Fujian Green security.