Focusrite Plc Stock Market Value
| FOCIF Stock | USD 3.67 0.04 1.10% |
| Symbol | Focusrite |
Focusrite Plc '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 Focusrite Plc's pink sheet 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 Focusrite Plc.
| 01/07/2023 |
| 12/27/2024 |
If you would invest 0.00 in Focusrite Plc on January 7, 2023 and sell it all today you would earn a total of 0.00 from holding Focusrite plc or generate 0.0% return on investment in Focusrite Plc over 720 days. Focusrite Plc is related to or competes with Callaway Golf, Acushnet Holdings, and Planet Fitness. Focusrite plc develops and markets hardware and software products primarily for audio professionals and amateur musician... More
Focusrite Plc 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 Focusrite Plc's pink sheet 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 Focusrite plc upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 20.04 |
Focusrite Plc Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Focusrite Plc's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Focusrite Plc's standard deviation. In reality, there are many statistical measures that can use Focusrite Plc historical prices to predict the future Focusrite Plc's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.30) | |||
| Total Risk Alpha | (0.43) | |||
| Treynor Ratio | 15.23 |
Focusrite plc Backtested Returns
At this point, Focusrite Plc is slightly risky. Focusrite plc secures Sharpe Ratio (or Efficiency) of 0.13, which denotes the company had a 0.13% return per unit of standard deviation over the last 3 months. We have found nineteen technical indicators for Focusrite plc, which you can use to evaluate the volatility of the firm. Please confirm Focusrite Plc's Coefficient Of Variation of (861.69), standard deviation of 2.47, and Mean Deviation of 0.5987 to check if the risk estimate we provide is consistent with the expected return of 0.0178%. Focusrite Plc has a performance score of 10 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.0195, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Focusrite Plc are expected to decrease at a much lower rate. During the bear market, Focusrite Plc is likely to outperform the market. Focusrite plc right now shows a risk of 0.14%. Please confirm Focusrite plc standard deviation, kurtosis, period momentum indicator, as well as the relationship between the jensen alpha and day median price , to decide if Focusrite plc will be following its price patterns.
Auto-correlation | 0.69 |
Good predictability
Focusrite plc has good predictability. Overlapping area represents the amount of predictability between Focusrite Plc time series from 7th of January 2023 to 2nd of January 2024 and 2nd of January 2024 to 27th 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 Focusrite plc price movement. The serial correlation of 0.69 indicates that around 69.0% of current Focusrite Plc price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.69 | |
| Spearman Rank Test | 0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.56 |
Focusrite plc lagged returns against current returns
Autocorrelation, which is Focusrite Plc pink sheet'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 Focusrite Plc's pink sheet expected returns. We can calculate the autocorrelation of Focusrite Plc returns to help us make a trade decision. For example, suppose you find that Focusrite Plc has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
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Focusrite Plc 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 Focusrite Plc pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Focusrite Plc pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Focusrite Plc pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Focusrite Plc Lagged Returns
When evaluating Focusrite Plc's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Focusrite Plc pink sheet have on its future price. Focusrite Plc 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, Focusrite Plc autocorrelation shows the relationship between Focusrite Plc pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Focusrite plc.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Focusrite Pink Sheet
Focusrite Plc financial ratios help investors to determine whether Focusrite Pink Sheet 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 Focusrite with respect to the benefits of owning Focusrite Plc security.