Foschini (South Africa) Market Value
| TFG Stock | 13,583 207.00 1.55% |
| Symbol | Foschini |
Foschini '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 Foschini'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 Foschini.
| 03/13/2023 |
| 03/02/2025 |
If you would invest 0.00 in Foschini on March 13, 2023 and sell it all today you would earn a total of 0.00 from holding Foschini Group or generate 0.0% return on investment in Foschini over 720 days. Foschini is related to or competes with Bytes Technology, Harmony Gold, Astoria Investments, Frontier Transport, and Kumba Iron. More
Foschini 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 Foschini'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 Foschini Group upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 6.06 | |||
| Value At Risk | (3.07) | |||
| Potential Upside | 2.13 |
Foschini Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Foschini's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Foschini's standard deviation. In reality, there are many statistical measures that can use Foschini historical prices to predict the future Foschini's volatility.| Risk Adjusted Performance | (0.13) | |||
| Jensen Alpha | (0.29) | |||
| Total Risk Alpha | (0.25) | |||
| Treynor Ratio | (1.16) |
Foschini Group Backtested Returns
Foschini Group secures Sharpe Ratio (or Efficiency) of -0.25, which denotes the company had a -0.25 % return per unit of risk over the last 3 months. Foschini Group exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Foschini's Mean Deviation of 1.25, variance of 2.41, and Standard Deviation of 1.55 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.26, which means not very significant fluctuations relative to the market. As returns on the market increase, Foschini's returns are expected to increase less than the market. However, during the bear market, the loss of holding Foschini is expected to be smaller as well. At this point, Foschini Group has a negative expected return of -0.38%. Please make sure to confirm Foschini's skewness, rate of daily change, price action indicator, as well as the relationship between the accumulation distribution and day typical price , to decide if Foschini Group performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.75 |
Good predictability
Foschini Group has good predictability. Overlapping area represents the amount of predictability between Foschini time series from 13th of March 2023 to 7th of March 2024 and 7th of March 2024 to 2nd 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 Foschini Group price movement. The serial correlation of 0.75 indicates that around 75.0% of current Foschini price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.75 | |
| Spearman Rank Test | 0.71 | |
| Residual Average | 0.0 | |
| Price Variance | 5.7 M |
Foschini Group lagged returns against current returns
Autocorrelation, which is Foschini 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 Foschini's stock expected returns. We can calculate the autocorrelation of Foschini returns to help us make a trade decision. For example, suppose you find that Foschini 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 |
Foschini 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 Foschini stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Foschini stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Foschini stock over time.
Current vs Lagged Prices |
| Timeline |
Foschini Lagged Returns
When evaluating Foschini's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Foschini stock have on its future price. Foschini 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, Foschini autocorrelation shows the relationship between Foschini stock current value and its past values and can show if there is a momentum factor associated with investing in Foschini Group.
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 Foschini Stock
Foschini financial ratios help investors to determine whether Foschini 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 Foschini with respect to the benefits of owning Foschini security.