Far East (Germany) Market Value
| F6H Stock | EUR 0.62 0.01 1.59% |
| Symbol | Far |
Far East '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 Far East'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 Far East.
| 01/01/2023 |
| 12/21/2024 |
If you would invest 0.00 in Far East on January 1, 2023 and sell it all today you would earn a total of 0.00 from holding Far East Horizon or generate 0.0% return on investment in Far East over 720 days. Far East is related to or competes with Japan Post, Jacquet Metal, REVO INSURANCE, Singapore Reinsurance, Ping An, DISTRICT METALS, and LIFENET INSURANCE. Far East Horizon Limited, together with its subsidiaries, provides various financial services in Mainland China, Hong Ko... More
Far East 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 Far East'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 Far East Horizon upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.04 | |||
| Information Ratio | 0.1538 | |||
| Maximum Drawdown | 93.25 | |||
| Value At Risk | (1.79) | |||
| Potential Upside | 5.36 |
Far East Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Far East's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Far East's standard deviation. In reality, there are many statistical measures that can use Far East historical prices to predict the future Far East's volatility.| Risk Adjusted Performance | 0.1335 | |||
| Jensen Alpha | 1.61 | |||
| Total Risk Alpha | 1.33 | |||
| Sortino Ratio | 0.395 | |||
| Treynor Ratio | 3.1 |
Far East Horizon Backtested Returns
Far East is out of control given 3 months investment horizon. Far East Horizon secures Sharpe Ratio (or Efficiency) of 0.15, which denotes the company had a 0.15% return per unit of risk over the last 3 months. We were able to interpolate thirty different technical indicators, which can help you to evaluate if expected returns of 1.57% are justified by taking the suggested risk. Use Far East Mean Deviation of 3.19, downside deviation of 4.04, and Coefficient Of Variation of 637.45 to evaluate company specific risk that cannot be diversified away. Far East holds a performance score of 11 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of 0.52, which means possible diversification benefits within a given portfolio. As returns on the market increase, Far East's returns are expected to increase less than the market. However, during the bear market, the loss of holding Far East is expected to be smaller as well. Use Far East treynor ratio, value at risk, and the relationship between the sortino ratio and maximum drawdown , to analyze future returns on Far East.
Auto-correlation | -0.14 |
Insignificant reverse predictability
Far East Horizon has insignificant reverse predictability. Overlapping area represents the amount of predictability between Far East time series from 1st of January 2023 to 27th of December 2023 and 27th of December 2023 to 21st 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 Far East Horizon price movement. The serial correlation of -0.14 indicates that less than 14.0% of current Far East price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.14 | |
| Spearman Rank Test | -0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Far East Horizon lagged returns against current returns
Autocorrelation, which is Far East 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 Far East's stock expected returns. We can calculate the autocorrelation of Far East returns to help us make a trade decision. For example, suppose you find that Far East 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 |
Far East 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 Far East stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Far East stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Far East stock over time.
Current vs Lagged Prices |
| Timeline |
Far East Lagged Returns
When evaluating Far East's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Far East stock have on its future price. Far East 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, Far East autocorrelation shows the relationship between Far East stock current value and its past values and can show if there is a momentum factor associated with investing in Far East Horizon.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Far Stock
Far East financial ratios help investors to determine whether Far 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 Far with respect to the benefits of owning Far East security.