FIT Holding (Taiwan) Market Value
| 3712 Stock | TWD 61.90 0.90 1.43% |
| Symbol | FIT |
FIT Holding '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 FIT Holding'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 FIT Holding.
| 01/08/2023 |
| 12/28/2024 |
If you would invest 0.00 in FIT Holding on January 8, 2023 and sell it all today you would earn a total of 0.00 from holding FIT Holding Co or generate 0.0% return on investment in FIT Holding over 720 days. FIT Holding is related to or competes with Gigastorage Corp, Shuttle, Yem Chio, Walton Advanced, and Darfon Electronics. FIT Holding Co., Ltd. operates in the optoelectronics, communications, and digital imaging industries More
FIT Holding 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 FIT Holding'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 FIT Holding Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.05 | |||
| Information Ratio | 0.0783 | |||
| Maximum Drawdown | 14.47 | |||
| Value At Risk | (2.87) | |||
| Potential Upside | 6.46 |
FIT Holding Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for FIT Holding's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as FIT Holding's standard deviation. In reality, there are many statistical measures that can use FIT Holding historical prices to predict the future FIT Holding's volatility.| Risk Adjusted Performance | 0.0791 | |||
| Jensen Alpha | 0.2075 | |||
| Total Risk Alpha | 0.1568 | |||
| Sortino Ratio | 0.1019 | |||
| Treynor Ratio | 0.2174 |
FIT Holding Backtested Returns
FIT Holding appears to be very steady, given 3 months investment horizon. FIT Holding secures Sharpe Ratio (or Efficiency) of 0.0911, which denotes the company had a 0.0911% return per unit of volatility over the last 3 months. We have found twenty-nine technical indicators for FIT Holding Co, which you can use to evaluate the volatility of the firm. Please utilize FIT Holding's Downside Deviation of 2.05, mean deviation of 1.74, and Market Risk Adjusted Performance of 0.2274 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, FIT Holding holds a performance score of 7. The firm shows a Beta (market volatility) of 1.06, which means a somewhat significant risk relative to the market. FIT Holding returns are very sensitive to returns on the market. As the market goes up or down, FIT Holding is expected to follow. Please check FIT Holding's standard deviation, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether FIT Holding's price patterns will revert.
Auto-correlation | 0.49 |
Average predictability
FIT Holding Co has average predictability. Overlapping area represents the amount of predictability between FIT Holding time series from 8th of January 2023 to 3rd of January 2024 and 3rd of January 2024 to 28th 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 FIT Holding price movement. The serial correlation of 0.49 indicates that about 49.0% of current FIT Holding price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.49 | |
| Spearman Rank Test | 0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 70.4 |
FIT Holding lagged returns against current returns
Autocorrelation, which is FIT Holding 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 FIT Holding's stock expected returns. We can calculate the autocorrelation of FIT Holding returns to help us make a trade decision. For example, suppose you find that FIT Holding 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 |
FIT Holding 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 FIT Holding stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if FIT Holding stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in FIT Holding stock over time.
Current vs Lagged Prices |
| Timeline |
FIT Holding Lagged Returns
When evaluating FIT Holding's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of FIT Holding stock have on its future price. FIT Holding 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, FIT Holding autocorrelation shows the relationship between FIT Holding stock current value and its past values and can show if there is a momentum factor associated with investing in FIT Holding Co.
Regressed Prices |
| Timeline |
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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.Additional Tools for FIT Stock Analysis
When running FIT Holding's price analysis, check to measure FIT Holding'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 FIT Holding is operating at the current time. Most of FIT Holding's value examination focuses on studying past and present price action to predict the probability of FIT Holding's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move FIT Holding's price. Additionally, you may evaluate how the addition of FIT Holding to your portfolios can decrease your overall portfolio volatility.