Fibocom Wireless (China) Market Value
| 300638 Stock | 21.63 0.75 3.35% |
| Symbol | Fibocom |
Fibocom Wireless '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 Fibocom Wireless' 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 Fibocom Wireless.
| 11/28/2024 |
| 12/28/2024 |
If you would invest 0.00 in Fibocom Wireless on November 28, 2024 and sell it all today you would earn a total of 0.00 from holding Fibocom Wireless or generate 0.0% return on investment in Fibocom Wireless over 30 days. Fibocom Wireless is related to or competes with Industrial, Agricultural Bank, China Construction, Bank of China, Postal Savings, Bank of Communications, and Ping An. Fibocom Wireless is entity of China. It is traded as Stock on SHE exchange. More
Fibocom Wireless 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 Fibocom Wireless' 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 Fibocom Wireless upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.98 | |||
| Information Ratio | 0.229 | |||
| Maximum Drawdown | 33.66 | |||
| Value At Risk | (5.43) | |||
| Potential Upside | 12.84 |
Fibocom Wireless Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fibocom Wireless' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fibocom Wireless' standard deviation. In reality, there are many statistical measures that can use Fibocom Wireless historical prices to predict the future Fibocom Wireless' volatility.| Risk Adjusted Performance | 0.1959 | |||
| Jensen Alpha | 1.23 | |||
| Total Risk Alpha | 1.08 | |||
| Sortino Ratio | 0.3033 | |||
| Treynor Ratio | (5.93) |
Fibocom Wireless Backtested Returns
Fibocom Wireless appears to be slightly risky, given 3 months investment horizon. Fibocom Wireless secures Sharpe Ratio (or Efficiency) of 0.15, which denotes the company had a 0.15% return per unit of standard deviation over the last 3 months. By reviewing Fibocom Wireless' technical indicators, you can evaluate if the expected return of 0.75% is justified by implied risk. Please utilize Fibocom Wireless' Downside Deviation of 3.98, mean deviation of 3.6, and Semi Deviation of 3.17 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Fibocom Wireless holds a performance score of 11. The firm shows a Beta (market volatility) of -0.21, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Fibocom Wireless are expected to decrease at a much lower rate. During the bear market, Fibocom Wireless is likely to outperform the market. Please check Fibocom Wireless' downside deviation, information ratio, and the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Fibocom Wireless' price patterns will revert.
Auto-correlation | 0.64 |
Good predictability
Fibocom Wireless has good predictability. Overlapping area represents the amount of predictability between Fibocom Wireless time series from 28th of November 2024 to 13th of December 2024 and 13th of December 2024 to 28th 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 Fibocom Wireless price movement. The serial correlation of 0.64 indicates that roughly 64.0% of current Fibocom Wireless price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.64 | |
| Spearman Rank Test | 0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 2.2 |
Fibocom Wireless lagged returns against current returns
Autocorrelation, which is Fibocom Wireless 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 Fibocom Wireless' stock expected returns. We can calculate the autocorrelation of Fibocom Wireless returns to help us make a trade decision. For example, suppose you find that Fibocom Wireless 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 |
Fibocom Wireless 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 Fibocom Wireless stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fibocom Wireless stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Fibocom Wireless stock over time.
Current vs Lagged Prices |
| Timeline |
Fibocom Wireless Lagged Returns
When evaluating Fibocom Wireless' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fibocom Wireless stock have on its future price. Fibocom Wireless 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, Fibocom Wireless autocorrelation shows the relationship between Fibocom Wireless stock current value and its past values and can show if there is a momentum factor associated with investing in Fibocom Wireless.
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 Fibocom Stock
Fibocom Wireless financial ratios help investors to determine whether Fibocom 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 Fibocom with respect to the benefits of owning Fibocom Wireless security.