F1RA34's market value is the price at which a share of F1RA34 trades on a public exchange. It measures the collective expectations of F1RA34 investors about its performance. F1RA34 is trading at 132.73 as of the 23rd of December 2024, a 2.56% down since the beginning of the trading day. The stock's open price was 136.22. With this module, you can estimate the performance of a buy and hold strategy of F1RA34 and determine expected loss or profit from investing in F1RA34 over a given investment horizon. Check out Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
Symbol
F1RA34
F1RA34 '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 F1RA34'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 F1RA34.
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 F1RA34 on November 23, 2024 and sell it all today you would earn a total of 0.00 from holding F1RA34 or generate 0.0% return on investment in F1RA34 over 30 days.
F1RA34 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 F1RA34'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 F1RA34 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 F1RA34's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as F1RA34's standard deviation. In reality, there are many statistical measures that can use F1RA34 historical prices to predict the future F1RA34's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as F1RA34. Your research has to be compared to or analyzed against F1RA34's peers to derive any actionable benefits. When done correctly, F1RA34'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 F1RA34.
F1RA34 Backtested Returns
F1RA34 appears to be very steady, given 3 months investment horizon. F1RA34 secures Sharpe Ratio (or Efficiency) of 0.1, which denotes the company had a 0.1% return per unit of volatility over the last 3 months. We have found twenty-six technical indicators for F1RA34, which you can use to evaluate the volatility of the entity. Please utilize F1RA34's Coefficient Of Variation of 912.99, mean deviation of 0.8332, and Market Risk Adjusted Performance of 1.56 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, F1RA34 holds a performance score of 8. The firm shows a Beta (market volatility) of 0.2, which means not very significant fluctuations relative to the market. As returns on the market increase, F1RA34's returns are expected to increase less than the market. However, during the bear market, the loss of holding F1RA34 is expected to be smaller as well. Please check F1RA34's maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk , to make a quick decision on whether F1RA34's price patterns will revert.
Auto-correlation
-0.76
Almost perfect reverse predictability
F1RA34 has almost perfect reverse predictability. Overlapping area represents the amount of predictability between F1RA34 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 F1RA34 price movement. The serial correlation of -0.76 indicates that around 76.0% of current F1RA34 price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.76
Spearman Rank Test
-0.45
Residual Average
0.0
Price Variance
3.22
F1RA34 lagged returns against current returns
Autocorrelation, which is F1RA34 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 F1RA34's stock expected returns. We can calculate the autocorrelation of F1RA34 returns to help us make a trade decision. For example, suppose you find that F1RA34 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
F1RA34 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 F1RA34 stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if F1RA34 stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in F1RA34 stock over time.
Current vs Lagged Prices
Timeline
F1RA34 Lagged Returns
When evaluating F1RA34's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of F1RA34 stock have on its future price. F1RA34 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, F1RA34 autocorrelation shows the relationship between F1RA34 stock current value and its past values and can show if there is a momentum factor associated with investing in F1RA34.
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.