Foxconn Industrial (China) Market Value
| 601138 Stock | 22.02 0.17 0.77% |
| Symbol | Foxconn |
Foxconn Industrial '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 Foxconn Industrial'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 Foxconn Industrial.
| 06/25/2024 |
| 12/22/2024 |
If you would invest 0.00 in Foxconn Industrial on June 25, 2024 and sell it all today you would earn a total of 0.00 from holding Foxconn Industrial Internet or generate 0.0% return on investment in Foxconn Industrial over 180 days. Foxconn Industrial is related to or competes with Industrial, China Construction, Agricultural Bank, Bank of China, PetroChina, China Merchants, and CNOOC. Foxconn Industrial is entity of China. It is traded as Stock on SHG exchange. More
Foxconn Industrial 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 Foxconn Industrial'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 Foxconn Industrial Internet upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.94 | |||
| Information Ratio | 0.076 | |||
| Maximum Drawdown | 16.18 | |||
| Value At Risk | (4.69) | |||
| Potential Upside | 9.52 |
Foxconn Industrial Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Foxconn Industrial's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Foxconn Industrial's standard deviation. In reality, there are many statistical measures that can use Foxconn Industrial historical prices to predict the future Foxconn Industrial's volatility.| Risk Adjusted Performance | 0.0752 | |||
| Jensen Alpha | 0.2905 | |||
| Total Risk Alpha | 0.1927 | |||
| Sortino Ratio | 0.0917 | |||
| Treynor Ratio | 4.3 |
Foxconn Industrial Backtested Returns
Foxconn Industrial appears to be not too volatile, given 3 months investment horizon. Foxconn Industrial secures Sharpe Ratio (or Efficiency) of 0.0906, which denotes the company had a 0.0906% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Foxconn Industrial Internet, which you can use to evaluate the volatility of the firm. Please utilize Foxconn Industrial's Coefficient Of Variation of 1174.94, downside deviation of 2.94, and Mean Deviation of 2.61 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Foxconn Industrial holds a performance score of 7. The firm shows a Beta (market volatility) of 0.0679, which means not very significant fluctuations relative to the market. As returns on the market increase, Foxconn Industrial's returns are expected to increase less than the market. However, during the bear market, the loss of holding Foxconn Industrial is expected to be smaller as well. Please check Foxconn Industrial's total risk alpha, treynor ratio, value at risk, as well as the relationship between the sortino ratio and maximum drawdown , to make a quick decision on whether Foxconn Industrial's price patterns will revert.
Auto-correlation | 0.39 |
Below average predictability
Foxconn Industrial Internet has below average predictability. Overlapping area represents the amount of predictability between Foxconn Industrial time series from 25th of June 2024 to 23rd of September 2024 and 23rd of September 2024 to 22nd 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 Foxconn Industrial price movement. The serial correlation of 0.39 indicates that just about 39.0% of current Foxconn Industrial price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.39 | |
| Spearman Rank Test | 0.47 | |
| Residual Average | 0.0 | |
| Price Variance | 3.38 |
Foxconn Industrial lagged returns against current returns
Autocorrelation, which is Foxconn Industrial 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 Foxconn Industrial's stock expected returns. We can calculate the autocorrelation of Foxconn Industrial returns to help us make a trade decision. For example, suppose you find that Foxconn Industrial 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 |
Foxconn Industrial 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 Foxconn Industrial stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Foxconn Industrial stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Foxconn Industrial stock over time.
Current vs Lagged Prices |
| Timeline |
Foxconn Industrial Lagged Returns
When evaluating Foxconn Industrial's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Foxconn Industrial stock have on its future price. Foxconn Industrial 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, Foxconn Industrial autocorrelation shows the relationship between Foxconn Industrial stock current value and its past values and can show if there is a momentum factor associated with investing in Foxconn Industrial Internet.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Foxconn Stock
Foxconn Industrial financial ratios help investors to determine whether Foxconn 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 Foxconn with respect to the benefits of owning Foxconn Industrial security.