Fujian Forecam (China) Market Value
| 688010 Stock | 29.21 1.56 5.07% |
| Symbol | Fujian |
Fujian Forecam '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 Fujian Forecam'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 Fujian Forecam.
| 12/25/2022 |
| 12/14/2024 |
If you would invest 0.00 in Fujian Forecam on December 25, 2022 and sell it all today you would earn a total of 0.00 from holding Fujian Forecam Optics or generate 0.0% return on investment in Fujian Forecam over 720 days. Fujian Forecam is related to or competes with BCEG Environmental, Eit Environmental, Railway Signal, Iat Automobile, Changjiang Jinggong, Nanjing Putian, and Anhui Jianghuai. Fujian Forecam is entity of China. It is traded as Stock on SHG exchange. More
Fujian Forecam 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 Fujian Forecam'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 Fujian Forecam Optics upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.49 | |||
| Information Ratio | 0.1869 | |||
| Maximum Drawdown | 29.81 | |||
| Value At Risk | (7.98) | |||
| Potential Upside | 19.99 |
Fujian Forecam Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fujian Forecam's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fujian Forecam's standard deviation. In reality, there are many statistical measures that can use Fujian Forecam historical prices to predict the future Fujian Forecam's volatility.| Risk Adjusted Performance | 0.1549 | |||
| Jensen Alpha | 1.47 | |||
| Total Risk Alpha | 0.5218 | |||
| Sortino Ratio | 0.2871 | |||
| Treynor Ratio | (1.43) |
Fujian Forecam Optics Backtested Returns
Fujian Forecam is somewhat reliable given 3 months investment horizon. Fujian Forecam Optics secures Sharpe Ratio (or Efficiency) of 0.23, which denotes the company had a 0.23% return per unit of risk over the last 3 months. We were able to interpolate twenty-eight different technical indicators, which can help you to evaluate if expected returns of 1.66% are justified by taking the suggested risk. Use Fujian Forecam Coefficient Of Variation of 496.61, mean deviation of 4.98, and Downside Deviation of 4.49 to evaluate company specific risk that cannot be diversified away. Fujian Forecam holds a performance score of 17 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of -0.97, which means possible diversification benefits within a given portfolio. As the market becomes more bullish, returns on owning Fujian Forecam are expected to decrease slowly. On the other hand, during market turmoil, Fujian Forecam is expected to outperform it slightly. Use Fujian Forecam semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and information ratio , to analyze future returns on Fujian Forecam.
Auto-correlation | 0.41 |
Average predictability
Fujian Forecam Optics has average predictability. Overlapping area represents the amount of predictability between Fujian Forecam time series from 25th of December 2022 to 20th of December 2023 and 20th of December 2023 to 14th 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 Fujian Forecam Optics price movement. The serial correlation of 0.41 indicates that just about 41.0% of current Fujian Forecam price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.41 | |
| Spearman Rank Test | 0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 35.36 |
Fujian Forecam Optics lagged returns against current returns
Autocorrelation, which is Fujian Forecam 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 Fujian Forecam's stock expected returns. We can calculate the autocorrelation of Fujian Forecam returns to help us make a trade decision. For example, suppose you find that Fujian Forecam 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 |
Fujian Forecam 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 Fujian Forecam stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fujian Forecam stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Fujian Forecam stock over time.
Current vs Lagged Prices |
| Timeline |
Fujian Forecam Lagged Returns
When evaluating Fujian Forecam's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fujian Forecam stock have on its future price. Fujian Forecam 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, Fujian Forecam autocorrelation shows the relationship between Fujian Forecam stock current value and its past values and can show if there is a momentum factor associated with investing in Fujian Forecam Optics.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Fujian Stock
Fujian Forecam financial ratios help investors to determine whether Fujian 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 Fujian with respect to the benefits of owning Fujian Forecam security.