FineMat Applied's market value is the price at which a share of FineMat Applied trades on a public exchange. It measures the collective expectations of FineMat Applied Materials investors about its performance. FineMat Applied is selling for under 38.00 as of the 4th of January 2025; that is 3.31 percent decrease since the beginning of the trading day. The stock's lowest day price was 38.0. With this module, you can estimate the performance of a buy and hold strategy of FineMat Applied Materials and determine expected loss or profit from investing in FineMat Applied over a given investment horizon. Check out FineMat Applied Correlation, FineMat Applied Volatility and FineMat Applied Alpha and Beta module to complement your research on FineMat Applied.
Please note, there is a significant difference between FineMat Applied's value and its price as these two are different measures arrived at by different means. Investors typically determine if FineMat Applied is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, FineMat Applied'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.
FineMat Applied '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 FineMat Applied'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 FineMat Applied.
0.00
12/05/2024
No Change 0.00
0.0
In 30 days
01/04/2025
0.00
If you would invest 0.00 in FineMat Applied on December 5, 2024 and sell it all today you would earn a total of 0.00 from holding FineMat Applied Materials or generate 0.0% return on investment in FineMat Applied over 30 days. FineMat Applied is related to or competes with Hon Hai, Delta Electronics, LARGAN Precision, E Ink, Yageo Corp, Pegatron Corp, and AU Optronics. FineMat Applied Materials Co., Ltd. develops and manufactures high-precision metal masks based on precision etching tech... More
FineMat Applied 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 FineMat Applied'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 FineMat Applied Materials 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 FineMat Applied's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as FineMat Applied's standard deviation. In reality, there are many statistical measures that can use FineMat Applied historical prices to predict the future FineMat Applied's volatility.
FineMat Applied Materials secures Sharpe Ratio (or Efficiency) of -0.13, which denotes the company had a -0.13% return per unit of risk over the last 3 months. FineMat Applied Materials exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm FineMat Applied's Variance of 5.17, mean deviation of 1.64, and Standard Deviation of 2.27 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.0657, which means not very significant fluctuations relative to the market. As returns on the market increase, FineMat Applied's returns are expected to increase less than the market. However, during the bear market, the loss of holding FineMat Applied is expected to be smaller as well. At this point, FineMat Applied Materials has a negative expected return of -0.29%. Please make sure to confirm FineMat Applied's standard deviation, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if FineMat Applied Materials performance from the past will be repeated at some point in the near future.
Auto-correlation
-0.54
Good reverse predictability
FineMat Applied Materials has good reverse predictability. Overlapping area represents the amount of predictability between FineMat Applied time series from 5th of December 2024 to 20th of December 2024 and 20th of December 2024 to 4th of January 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 FineMat Applied Materials price movement. The serial correlation of -0.54 indicates that about 54.0% of current FineMat Applied price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.54
Spearman Rank Test
-0.68
Residual Average
0.0
Price Variance
1.1
FineMat Applied Materials lagged returns against current returns
Autocorrelation, which is FineMat Applied 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 FineMat Applied's stock expected returns. We can calculate the autocorrelation of FineMat Applied returns to help us make a trade decision. For example, suppose you find that FineMat Applied 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
FineMat Applied 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 FineMat Applied stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if FineMat Applied stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in FineMat Applied stock over time.
Current vs Lagged Prices
Timeline
FineMat Applied Lagged Returns
When evaluating FineMat Applied's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of FineMat Applied stock have on its future price. FineMat Applied 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, FineMat Applied autocorrelation shows the relationship between FineMat Applied stock current value and its past values and can show if there is a momentum factor associated with investing in FineMat Applied Materials.
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.
When running FineMat Applied's price analysis, check to measure FineMat Applied'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 FineMat Applied is operating at the current time. Most of FineMat Applied's value examination focuses on studying past and present price action to predict the probability of FineMat Applied's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move FineMat Applied's price. Additionally, you may evaluate how the addition of FineMat Applied to your portfolios can decrease your overall portfolio volatility.