Future Metals (UK) Market Value
| FME Stock | 0.95 0.00 0.00% |
| Symbol | Future |
Future Metals '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 Future Metals' 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 Future Metals.
| 06/04/2024 |
| 12/01/2024 |
If you would invest 0.00 in Future Metals on June 4, 2024 and sell it all today you would earn a total of 0.00 from holding Future Metals NL or generate 0.0% return on investment in Future Metals over 180 days. Future Metals is related to or competes with Litigation Capital, Playtech Plc, Raytheon Technologies, Microchip Technology, Schweiter Technologies, Elmos Semiconductor, and L3Harris Technologies. Future Metals is entity of United Kingdom More
Future Metals 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 Future Metals' 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 Future Metals NL upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.57 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 23.39 | |||
| Value At Risk | (2.44) | |||
| Potential Upside | 3.33 |
Future Metals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Future Metals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Future Metals' standard deviation. In reality, there are many statistical measures that can use Future Metals historical prices to predict the future Future Metals' volatility.| Risk Adjusted Performance | 0.0401 | |||
| Jensen Alpha | 0.1535 | |||
| Total Risk Alpha | (0.36) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | (0.33) |
Future Metals NL Backtested Returns
At this point, Future Metals is dangerous. Future Metals NL secures Sharpe Ratio (or Efficiency) of 0.043, which denotes the company had a 0.043% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Future Metals NL, which you can use to evaluate the volatility of the firm. Please confirm Future Metals' Mean Deviation of 1.22, downside deviation of 5.57, and Coefficient Of Variation of 2326.04 to check if the risk estimate we provide is consistent with the expected return of 0.12%. Future Metals has a performance score of 3 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.34, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Future Metals are expected to decrease at a much lower rate. During the bear market, Future Metals is likely to outperform the market. Future Metals NL right now shows a risk of 2.8%. Please confirm Future Metals NL potential upside, skewness, and the relationship between the maximum drawdown and semi variance , to decide if Future Metals NL will be following its price patterns.
Auto-correlation | -0.4 |
Poor reverse predictability
Future Metals NL has poor reverse predictability. Overlapping area represents the amount of predictability between Future Metals time series from 4th of June 2024 to 2nd of September 2024 and 2nd of September 2024 to 1st 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 Future Metals NL price movement. The serial correlation of -0.4 indicates that just about 40.0% of current Future Metals price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.4 | |
| Spearman Rank Test | -0.58 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Future Metals NL lagged returns against current returns
Autocorrelation, which is Future Metals 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 Future Metals' stock expected returns. We can calculate the autocorrelation of Future Metals returns to help us make a trade decision. For example, suppose you find that Future Metals 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 |
Future Metals 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 Future Metals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Future Metals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Future Metals stock over time.
Current vs Lagged Prices |
| Timeline |
Future Metals Lagged Returns
When evaluating Future Metals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Future Metals stock have on its future price. Future Metals 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, Future Metals autocorrelation shows the relationship between Future Metals stock current value and its past values and can show if there is a momentum factor associated with investing in Future Metals NL.
Regressed Prices |
| Timeline |
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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 Future Stock
Future Metals financial ratios help investors to determine whether Future 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 Future with respect to the benefits of owning Future Metals security.