FTC SOLAR (Germany) Market Value
| 6YK Stock | EUR 2.70 0.00 0.00% |
| Symbol | FTC |
FTC SOLAR '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 FTC SOLAR'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 FTC SOLAR.
| 06/28/2024 |
| 12/25/2024 |
If you would invest 0.00 in FTC SOLAR on June 28, 2024 and sell it all today you would earn a total of 0.00 from holding FTC SOLAR INC or generate 0.0% return on investment in FTC SOLAR over 180 days. FTC SOLAR is related to or competes with Consolidated Communications, Bumrungrad Hospital, Highlight Communications, Charter Communications, Sabra Health, and Ramsay Health. More
FTC SOLAR 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 FTC SOLAR'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 FTC SOLAR INC upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 43.65 | |||
| Value At Risk | (13.36) | |||
| Potential Upside | 15.82 |
FTC SOLAR Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for FTC SOLAR's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as FTC SOLAR's standard deviation. In reality, there are many statistical measures that can use FTC SOLAR historical prices to predict the future FTC SOLAR's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.53) | |||
| Total Risk Alpha | (0.83) | |||
| Treynor Ratio | (0.57) |
FTC SOLAR INC Backtested Returns
FTC SOLAR INC retains Efficiency (Sharpe Ratio) of -0.0767, which denotes the company had a -0.0767% return per unit of risk over the last 3 months. FTC SOLAR exposes eighteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm FTC SOLAR's Variance of 56.98, market risk adjusted performance of (0.56), and Standard Deviation of 7.55 to check the risk estimate we provide. The firm owns a Beta (Systematic Risk) of 0.87, which means possible diversification benefits within a given portfolio. FTC SOLAR returns are very sensitive to returns on the market. As the market goes up or down, FTC SOLAR is expected to follow. At this point, FTC SOLAR INC has a negative expected return of -0.58%. Please make sure to confirm FTC SOLAR's standard deviation, information ratio, and the relationship between the coefficient of variation and variance , to decide if FTC SOLAR INC performance from the past will be repeated in the future.
Auto-correlation | 0.15 |
Insignificant predictability
FTC SOLAR INC has insignificant predictability. Overlapping area represents the amount of predictability between FTC SOLAR time series from 28th of June 2024 to 26th of September 2024 and 26th of September 2024 to 25th 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 FTC SOLAR INC price movement. The serial correlation of 0.15 indicates that less than 15.0% of current FTC SOLAR price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.15 | |
| Spearman Rank Test | 0.33 | |
| Residual Average | 0.0 | |
| Price Variance | 1.35 |
FTC SOLAR INC lagged returns against current returns
Autocorrelation, which is FTC SOLAR 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 FTC SOLAR's stock expected returns. We can calculate the autocorrelation of FTC SOLAR returns to help us make a trade decision. For example, suppose you find that FTC SOLAR 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 |
FTC SOLAR 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 FTC SOLAR stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if FTC SOLAR stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in FTC SOLAR stock over time.
Current vs Lagged Prices |
| Timeline |
FTC SOLAR Lagged Returns
When evaluating FTC SOLAR's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of FTC SOLAR stock have on its future price. FTC SOLAR 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, FTC SOLAR autocorrelation shows the relationship between FTC SOLAR stock current value and its past values and can show if there is a momentum factor associated with investing in FTC SOLAR INC.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in FTC Stock
FTC SOLAR financial ratios help investors to determine whether FTC 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 FTC with respect to the benefits of owning FTC SOLAR security.