Fabrinet Stock Market Value
| FN Stock | USD 220.00 3.66 1.64% |
| Symbol | Fabrinet |
Fabrinet Price To Book Ratio
Is Electronic Equipment, Instruments & Components space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Fabrinet. If investors know Fabrinet will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Fabrinet listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.259 | Earnings Share 8.94 | Revenue Per Share | Quarterly Revenue Growth 0.17 | Return On Assets |
The market value of Fabrinet is measured differently than its book value, which is the value of Fabrinet that is recorded on the company's balance sheet. Investors also form their own opinion of Fabrinet's value that differs from its market value or its book value, called intrinsic value, which is Fabrinet's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Fabrinet's market value can be influenced by many factors that don't directly affect Fabrinet's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Fabrinet's value and its price as these two are different measures arrived at by different means. Investors typically determine if Fabrinet is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fabrinet's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Fabrinet '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 Fabrinet'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 Fabrinet.
| 12/14/2024 |
| 03/14/2025 |
If you would invest 0.00 in Fabrinet on December 14, 2024 and sell it all today you would earn a total of 0.00 from holding Fabrinet or generate 0.0% return on investment in Fabrinet over 90 days. Fabrinet is related to or competes with Plexus Corp, Jabil Circuit, Rogers, Amphenol, Sanmina, Benchmark Electronics, and Methode Electronics. Fabrinet provides optical packaging and precision optical, electro-mechanical, and electronic manufacturing services in ... More
Fabrinet 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 Fabrinet'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 Fabrinet upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.5 | |||
| Information Ratio | 0.0367 | |||
| Maximum Drawdown | 27.92 | |||
| Value At Risk | (7.17) | |||
| Potential Upside | 5.54 |
Fabrinet Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fabrinet's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fabrinet's standard deviation. In reality, there are many statistical measures that can use Fabrinet historical prices to predict the future Fabrinet's volatility.| Risk Adjusted Performance | 0.0149 | |||
| Jensen Alpha | 0.1266 | |||
| Total Risk Alpha | 0.8036 | |||
| Sortino Ratio | 0.0307 | |||
| Treynor Ratio | 0.0381 |
Fabrinet Backtested Returns
As of now, Fabrinet Stock is very steady. Fabrinet secures Sharpe Ratio (or Efficiency) of close to zero, which denotes the company had a close to zero % return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for Fabrinet, which you can use to evaluate the volatility of the firm. Please confirm Fabrinet's Semi Deviation of 5.4, mean deviation of 3.25, and Downside Deviation of 5.5 to check if the risk estimate we provide is consistent with the expected return of 0.0168%. The firm shows a Beta (market volatility) of 0.7, which means possible diversification benefits within a given portfolio. As returns on the market increase, Fabrinet's returns are expected to increase less than the market. However, during the bear market, the loss of holding Fabrinet is expected to be smaller as well. Fabrinet right now shows a risk of 4.75%. Please confirm Fabrinet potential upside, rate of daily change, and the relationship between the sortino ratio and skewness , to decide if Fabrinet will be following its price patterns.
Auto-correlation | -0.24 |
Weak reverse predictability
Fabrinet has weak reverse predictability. Overlapping area represents the amount of predictability between Fabrinet 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 Fabrinet price movement. The serial correlation of -0.24 indicates that over 24.0% of current Fabrinet price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.24 | |
| Spearman Rank Test | 0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 187.65 |
Fabrinet lagged returns against current returns
Autocorrelation, which is Fabrinet 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 Fabrinet's stock expected returns. We can calculate the autocorrelation of Fabrinet returns to help us make a trade decision. For example, suppose you find that Fabrinet 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 |
Fabrinet 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 Fabrinet stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fabrinet stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Fabrinet stock over time.
Current vs Lagged Prices |
| Timeline |
Fabrinet Lagged Returns
When evaluating Fabrinet's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fabrinet stock have on its future price. Fabrinet 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, Fabrinet autocorrelation shows the relationship between Fabrinet stock current value and its past values and can show if there is a momentum factor associated with investing in Fabrinet.
Regressed Prices |
| Timeline |
Pair Trading with Fabrinet
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Fabrinet position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Fabrinet will appreciate offsetting losses from the drop in the long position's value.Moving together with Fabrinet Stock
Moving against Fabrinet Stock
| 0.65 | CYBQF | CYBERDYNE | PairCorr |
| 0.47 | IBM | International Business | PairCorr |
| 0.46 | LH | Laboratory | PairCorr |
| 0.45 | FI | Fiserv, | PairCorr |
| 0.44 | NTNX | Nutanix | PairCorr |
The ability to find closely correlated positions to Fabrinet could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Fabrinet when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Fabrinet - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Fabrinet to buy it.
The correlation of Fabrinet is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Fabrinet moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Fabrinet moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Fabrinet can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Fabrinet Correlation, Fabrinet Volatility and Fabrinet Alpha and Beta module to complement your research on Fabrinet. To learn how to invest in Fabrinet Stock, please use our How to Invest in Fabrinet guide.You can also try the Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
Fabrinet technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.