Famous Brands (South Africa) Market Value
| FBR Stock | 5,675 5.00 0.09% |
| Symbol | Famous |
Famous Brands '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 Famous Brands' 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 Famous Brands.
| 12/14/2024 |
| 03/14/2025 |
If you would invest 0.00 in Famous Brands on December 14, 2024 and sell it all today you would earn a total of 0.00 from holding Famous Brands or generate 0.0% return on investment in Famous Brands over 90 days. Famous Brands is related to or competes with African Media, Capitec Bank, Afine Investments, Standard Bank, Harmony Gold, Hosken Consolidated, and HomeChoice Investments. More
Famous Brands 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 Famous Brands' 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 Famous Brands upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 6.51 | |||
| Value At Risk | (2.88) | |||
| Potential Upside | 2.12 |
Famous Brands Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Famous Brands' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Famous Brands' standard deviation. In reality, there are many statistical measures that can use Famous Brands historical prices to predict the future Famous Brands' volatility.| Risk Adjusted Performance | (0.16) | |||
| Jensen Alpha | (0.31) | |||
| Total Risk Alpha | (0.08) | |||
| Treynor Ratio | 14.17 |
Famous Brands Backtested Returns
Famous Brands secures Sharpe Ratio (or Efficiency) of -0.19, which denotes the company had a -0.19 % return per unit of risk over the last 3 months. Famous Brands exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Famous Brands' Standard Deviation of 1.53, mean deviation of 1.22, and Variance of 2.35 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.0219, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Famous Brands are expected to decrease at a much lower rate. During the bear market, Famous Brands is likely to outperform the market. At this point, Famous Brands has a negative expected return of -0.3%. Please make sure to confirm Famous Brands' treynor ratio, skewness, rate of daily change, as well as the relationship between the value at risk and accumulation distribution , to decide if Famous Brands performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.82 |
Very good predictability
Famous Brands has very good predictability. Overlapping area represents the amount of predictability between Famous Brands time series from 14th of December 2024 to 28th of January 2025 and 28th of January 2025 to 14th 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 Famous Brands price movement. The serial correlation of 0.82 indicates that around 82.0% of current Famous Brands price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.82 | |
| Spearman Rank Test | 0.83 | |
| Residual Average | 0.0 | |
| Price Variance | 35.6 K |
Famous Brands lagged returns against current returns
Autocorrelation, which is Famous Brands 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 Famous Brands' stock expected returns. We can calculate the autocorrelation of Famous Brands returns to help us make a trade decision. For example, suppose you find that Famous Brands 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 |
Famous Brands 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 Famous Brands stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Famous Brands stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Famous Brands stock over time.
Current vs Lagged Prices |
| Timeline |
Famous Brands Lagged Returns
When evaluating Famous Brands' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Famous Brands stock have on its future price. Famous Brands 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, Famous Brands autocorrelation shows the relationship between Famous Brands stock current value and its past values and can show if there is a momentum factor associated with investing in Famous Brands.
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.Other Information on Investing in Famous Stock
Famous Brands financial ratios help investors to determine whether Famous 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 Famous with respect to the benefits of owning Famous Brands security.