Foxconn Industrial (China) Market Value

601138 Stock   22.02  0.17  0.77%   
Foxconn Industrial's market value is the price at which a share of Foxconn Industrial trades on a public exchange. It measures the collective expectations of Foxconn Industrial Internet investors about its performance. Foxconn Industrial is trading at 22.02 as of the 23rd of December 2024, a 0.77 percent decrease since the beginning of the trading day. The stock's open price was 22.19.
With this module, you can estimate the performance of a buy and hold strategy of Foxconn Industrial Internet and determine expected loss or profit from investing in Foxconn Industrial over a given investment horizon. Check out Foxconn Industrial Correlation, Foxconn Industrial Volatility and Foxconn Industrial Alpha and Beta module to complement your research on Foxconn Industrial.
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Please note, there is a significant difference between Foxconn Industrial's value and its price as these two are different measures arrived at by different means. Investors typically determine if Foxconn Industrial is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Foxconn Industrial'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.

Foxconn Industrial '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 Foxconn Industrial'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 Foxconn Industrial.
0.00
11/23/2024
No Change 0.00  0.0 
In 30 days
12/23/2024
0.00
If you would invest  0.00  in Foxconn Industrial on November 23, 2024 and sell it all today you would earn a total of 0.00 from holding Foxconn Industrial Internet or generate 0.0% return on investment in Foxconn Industrial over 30 days. Foxconn Industrial is related to or competes with Industrial, China Construction, Agricultural Bank, Bank of China, PetroChina, China Merchants, and CNOOC. Foxconn Industrial is entity of China. It is traded as Stock on SHG exchange. More

Foxconn Industrial 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 Foxconn Industrial'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 Foxconn Industrial Internet upside and downside potential and time the market with a certain degree of confidence.

Foxconn Industrial Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Foxconn Industrial's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Foxconn Industrial's standard deviation. In reality, there are many statistical measures that can use Foxconn Industrial historical prices to predict the future Foxconn Industrial's volatility.
Hype
Prediction
LowEstimatedHigh
18.3822.0425.70
Details
Intrinsic
Valuation
LowRealHigh
18.9622.6226.28
Details
Earnings
Estimates (0)
LowProjected EPSHigh
0.000.000.00
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Foxconn Industrial. Your research has to be compared to or analyzed against Foxconn Industrial's peers to derive any actionable benefits. When done correctly, Foxconn Industrial'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 Foxconn Industrial.

Foxconn Industrial Backtested Returns

At this point, Foxconn Industrial is not too volatile. Foxconn Industrial secures Sharpe Ratio (or Efficiency) of 0.0492, which denotes the company had a 0.0492% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Foxconn Industrial Internet, which you can use to evaluate the volatility of the firm. Please confirm Foxconn Industrial's Coefficient Of Variation of 1174.94, mean deviation of 2.61, and Downside Deviation of 2.94 to check if the risk estimate we provide is consistent with the expected return of 0.17%. Foxconn Industrial has a performance score of 3 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.0679, which means not very significant fluctuations relative to the market. As returns on the market increase, Foxconn Industrial's returns are expected to increase less than the market. However, during the bear market, the loss of holding Foxconn Industrial is expected to be smaller as well. Foxconn Industrial right now shows a risk of 3.47%. Please confirm Foxconn Industrial total risk alpha, treynor ratio, value at risk, as well as the relationship between the sortino ratio and maximum drawdown , to decide if Foxconn Industrial will be following its price patterns.

Auto-correlation

    
  -0.14  

Insignificant reverse predictability

Foxconn Industrial Internet has insignificant reverse predictability. Overlapping area represents the amount of predictability between Foxconn Industrial time series from 23rd of November 2024 to 8th of December 2024 and 8th of December 2024 to 23rd 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 Foxconn Industrial price movement. The serial correlation of -0.14 indicates that less than 14.0% of current Foxconn Industrial price fluctuation can be explain by its past prices.
Correlation Coefficient-0.14
Spearman Rank Test0.07
Residual Average0.0
Price Variance0.18

Foxconn Industrial lagged returns against current returns

Autocorrelation, which is Foxconn Industrial 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 Foxconn Industrial's stock expected returns. We can calculate the autocorrelation of Foxconn Industrial returns to help us make a trade decision. For example, suppose you find that Foxconn Industrial 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  

Foxconn Industrial 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 Foxconn Industrial stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Foxconn Industrial stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Foxconn Industrial stock over time.
   Current vs Lagged Prices   
       Timeline  

Foxconn Industrial Lagged Returns

When evaluating Foxconn Industrial's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Foxconn Industrial stock have on its future price. Foxconn Industrial 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, Foxconn Industrial autocorrelation shows the relationship between Foxconn Industrial stock current value and its past values and can show if there is a momentum factor associated with investing in Foxconn Industrial Internet.
   Regressed Prices   
       Timeline  

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Other Information on Investing in Foxconn Stock

Foxconn Industrial financial ratios help investors to determine whether Foxconn 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 Foxconn with respect to the benefits of owning Foxconn Industrial security.