Farsoon Technology (China) Market Value
| 688433 Stock | 46.97 1.83 3.75% |
| Symbol | Farsoon |
Farsoon Technology '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 Farsoon Technology'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 Farsoon Technology.
| 12/13/2024 |
| 03/13/2025 |
If you would invest 0.00 in Farsoon Technology on December 13, 2024 and sell it all today you would earn a total of 0.00 from holding Farsoon Technology Co or generate 0.0% return on investment in Farsoon Technology over 90 days. Farsoon Technology is related to or competes with Hunan Tyen, Shantui Construction, Jilin Jlu, Allied Machinery, TianJin 712, Tjk Machinery, and Nanxing Furniture. Farsoon Technology is entity of China. It is traded as Stock on SHG exchange. More
Farsoon Technology 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 Farsoon Technology'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 Farsoon Technology Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.89 | |||
| Information Ratio | 0.2705 | |||
| Maximum Drawdown | 27.22 | |||
| Value At Risk | (5.24) | |||
| Potential Upside | 8.59 |
Farsoon Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Farsoon Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Farsoon Technology's standard deviation. In reality, there are many statistical measures that can use Farsoon Technology historical prices to predict the future Farsoon Technology's volatility.| Risk Adjusted Performance | 0.2138 | |||
| Jensen Alpha | 1.22 | |||
| Total Risk Alpha | 1.98 | |||
| Sortino Ratio | 0.3463 | |||
| Treynor Ratio | (24.63) |
Farsoon Technology Backtested Returns
Farsoon Technology is not too volatile given 3 months investment horizon. Farsoon Technology secures Sharpe Ratio (or Efficiency) of 0.22, which denotes the company had a 0.22 % return per unit of risk over the last 3 months. We were able to analyze twenty-eight different technical indicators, which can help you to evaluate if expected returns of 1.14% are justified by taking the suggested risk. Use Farsoon Technology Mean Deviation of 3.87, downside deviation of 3.89, and Coefficient Of Variation of 404.77 to evaluate company specific risk that cannot be diversified away. Farsoon Technology holds a performance score of 17 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of -0.0496, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Farsoon Technology are expected to decrease at a much lower rate. During the bear market, Farsoon Technology is likely to outperform the market. Use Farsoon Technology total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to analyze future returns on Farsoon Technology.
Auto-correlation | 0.36 |
Below average predictability
Farsoon Technology Co has below average predictability. Overlapping area represents the amount of predictability between Farsoon Technology time series from 13th of December 2024 to 27th of January 2025 and 27th of January 2025 to 13th of March 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 Farsoon Technology price movement. The serial correlation of 0.36 indicates that just about 36.0% of current Farsoon Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.36 | |
| Spearman Rank Test | 0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 79.82 |
Farsoon Technology lagged returns against current returns
Autocorrelation, which is Farsoon Technology 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 Farsoon Technology's stock expected returns. We can calculate the autocorrelation of Farsoon Technology returns to help us make a trade decision. For example, suppose you find that Farsoon Technology 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 |
Farsoon Technology 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 Farsoon Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Farsoon Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Farsoon Technology stock over time.
Current vs Lagged Prices |
| Timeline |
Farsoon Technology Lagged Returns
When evaluating Farsoon Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Farsoon Technology stock have on its future price. Farsoon Technology 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, Farsoon Technology autocorrelation shows the relationship between Farsoon Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Farsoon Technology Co.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Farsoon Stock
Farsoon Technology financial ratios help investors to determine whether Farsoon 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 Farsoon with respect to the benefits of owning Farsoon Technology security.