TechnipFMC Plc (Brazil) Market Value
| T1EC34 Stock | BRL 196.60 4.96 2.59% |
| Symbol | TechnipFMC |
TechnipFMC 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 TechnipFMC Plc'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 TechnipFMC Plc.
| 12/21/2024 |
| 01/20/2025 |
If you would invest 0.00 in TechnipFMC Plc on December 21, 2024 and sell it all today you would earn a total of 0.00 from holding TechnipFMC plc or generate 0.0% return on investment in TechnipFMC Plc over 30 days. TechnipFMC Plc is related to or competes with British American, Bio Techne, Paycom Software, Applied Materials,, Roper Technologies,, and Palantir Technologies. TechnipFMC plc engages in the oil and gas projects, technologies, and systems and services businesses More
TechnipFMC 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 TechnipFMC Plc'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 TechnipFMC plc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.8 | |||
| Information Ratio | 0.2545 | |||
| Maximum Drawdown | 7.91 | |||
| Value At Risk | (0.97) | |||
| Potential Upside | 4.48 |
TechnipFMC Plc Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TechnipFMC Plc's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TechnipFMC Plc's standard deviation. In reality, there are many statistical measures that can use TechnipFMC Plc historical prices to predict the future TechnipFMC Plc's volatility.| Risk Adjusted Performance | 0.2333 | |||
| Jensen Alpha | 0.409 | |||
| Total Risk Alpha | 0.3803 | |||
| Sortino Ratio | 0.2202 | |||
| Treynor Ratio | 1.02 |
TechnipFMC plc Backtested Returns
TechnipFMC Plc appears to be very steady, given 3 months investment horizon. TechnipFMC plc owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.28, which indicates the firm had a 0.28 % return per unit of risk over the last 3 months. We have found twenty-six technical indicators for TechnipFMC plc, which you can use to evaluate the volatility of the company. Please review TechnipFMC Plc's Risk Adjusted Performance of 0.2333, standard deviation of 1.56, and Downside Deviation of 1.8 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, TechnipFMC Plc holds a performance score of 22. The entity has a beta of 0.41, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, TechnipFMC Plc's returns are expected to increase less than the market. However, during the bear market, the loss of holding TechnipFMC Plc is expected to be smaller as well. Please check TechnipFMC Plc's jensen alpha, sortino ratio, and the relationship between the standard deviation and total risk alpha , to make a quick decision on whether TechnipFMC Plc's existing price patterns will revert.
Auto-correlation | 0.54 |
Modest predictability
TechnipFMC plc has modest predictability. Overlapping area represents the amount of predictability between TechnipFMC Plc time series from 21st of December 2024 to 5th of January 2025 and 5th of January 2025 to 20th of January 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 TechnipFMC plc price movement. The serial correlation of 0.54 indicates that about 54.0% of current TechnipFMC Plc price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.54 | |
| Spearman Rank Test | 0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 3.01 |
TechnipFMC plc lagged returns against current returns
Autocorrelation, which is TechnipFMC Plc 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 TechnipFMC Plc's stock expected returns. We can calculate the autocorrelation of TechnipFMC Plc returns to help us make a trade decision. For example, suppose you find that TechnipFMC Plc 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 |
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TechnipFMC 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 TechnipFMC Plc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TechnipFMC Plc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TechnipFMC Plc stock over time.
Current vs Lagged Prices |
| Timeline |
TechnipFMC Plc Lagged Returns
When evaluating TechnipFMC Plc's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TechnipFMC Plc stock have on its future price. TechnipFMC 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, TechnipFMC Plc autocorrelation shows the relationship between TechnipFMC Plc stock current value and its past values and can show if there is a momentum factor associated with investing in TechnipFMC plc.
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.Additional Information and Resources on Investing in TechnipFMC Stock
When determining whether TechnipFMC plc offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of TechnipFMC Plc's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Technipfmc Plc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Technipfmc Plc Stock:Check out TechnipFMC Plc Correlation, TechnipFMC Plc Volatility and TechnipFMC Plc Alpha and Beta module to complement your research on TechnipFMC Plc. For information on how to trade TechnipFMC Stock refer to our How to Trade TechnipFMC Stock guide.You can also try the Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.
TechnipFMC Plc 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.