4 Less Group Stock Market Value
| FLES Stock | USD 0.0001 0.0001 50.00% |
| Symbol | FLES |
4 Less '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 4 Less' pink sheet 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 4 Less.
| 11/20/2024 |
| 12/20/2024 |
If you would invest 0.00 in 4 Less on November 20, 2024 and sell it all today you would earn a total of 0.00 from holding 4 Less Group or generate 0.0% return on investment in 4 Less over 30 days. Auto Parts 4Less Group, Inc., operates as an e-commerce auto and truck parts sells company in the United States More
4 Less 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 4 Less' pink sheet 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 4 Less Group upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 150.0 | |||
| Value At Risk | (33.33) |
4 Less Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 4 Less' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 4 Less' standard deviation. In reality, there are many statistical measures that can use 4 Less historical prices to predict the future 4 Less' volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.55) | |||
| Total Risk Alpha | (1.05) | |||
| Treynor Ratio | (0.33) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of 4 Less' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
4 Less Group Backtested Returns
4 Less Group secures Sharpe Ratio (or Efficiency) of -0.0285, which signifies that the company had a -0.0285% return per unit of price deviation over the last 3 months. 4 Less Group exposes twenty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm 4 Less' Variance of 324.53, mean deviation of 5.49, and Information Ratio of (0.03) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.58, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, 4 Less will likely underperform. At this point, 4 Less Group has a negative expected return of -0.52%. Please make sure to confirm 4 Less' standard deviation, value at risk, as well as the relationship between the Value At Risk and day median price , to decide if 4 Less Group performance from the past will be repeated sooner or later.
Auto-correlation | -0.42 |
Modest reverse predictability
4 Less Group has modest reverse predictability. Overlapping area represents the amount of predictability between 4 Less time series from 20th of November 2024 to 5th of December 2024 and 5th of December 2024 to 20th 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 4 Less Group price movement. The serial correlation of -0.42 indicates that just about 42.0% of current 4 Less price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.42 | |
| Spearman Rank Test | -0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
4 Less Group lagged returns against current returns
Autocorrelation, which is 4 Less pink sheet'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 4 Less' pink sheet expected returns. We can calculate the autocorrelation of 4 Less returns to help us make a trade decision. For example, suppose you find that 4 Less has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
4 Less 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 4 Less pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 4 Less pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 4 Less pink sheet over time.
Current vs Lagged Prices |
| Timeline |
4 Less Lagged Returns
When evaluating 4 Less' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 4 Less pink sheet have on its future price. 4 Less 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, 4 Less autocorrelation shows the relationship between 4 Less pink sheet current value and its past values and can show if there is a momentum factor associated with investing in 4 Less Group.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for FLES Pink Sheet Analysis
When running 4 Less' price analysis, check to measure 4 Less' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy 4 Less is operating at the current time. Most of 4 Less' value examination focuses on studying past and present price action to predict the probability of 4 Less' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move 4 Less' price. Additionally, you may evaluate how the addition of 4 Less to your portfolios can decrease your overall portfolio volatility.