Fluor (Mexico) Market Value
| FLR Stock | MXN 985.27 0.00 0.00% |
| Symbol | Fluor |
Fluor '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 Fluor'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 Fluor.
| 07/01/2024 |
| 12/28/2024 |
If you would invest 0.00 in Fluor on July 1, 2024 and sell it all today you would earn a total of 0.00 from holding Fluor or generate 0.0% return on investment in Fluor over 180 days. Fluor is related to or competes with Promotora, and Promotora. Fluor Corporation provides engineering, procurement, construction, fabrication and modularization, operation, maintenanc... More
Fluor 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 Fluor'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 Fluor upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.1012 | |||
| Maximum Drawdown | 11.96 |
Fluor Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fluor's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fluor's standard deviation. In reality, there are many statistical measures that can use Fluor historical prices to predict the future Fluor's volatility.| Risk Adjusted Performance | 0.1027 | |||
| Jensen Alpha | 0.1716 | |||
| Total Risk Alpha | 0.1303 | |||
| Treynor Ratio | (12.41) |
Fluor Backtested Returns
Fluor appears to be very steady, given 3 months investment horizon. Fluor secures Sharpe Ratio (or Efficiency) of 0.13, which denotes the company had a 0.13% return per unit of risk over the last 3 months. We have found sixteen technical indicators for Fluor, which you can use to evaluate the volatility of the firm. Please utilize Fluor's Standard Deviation of 1.47, variance of 2.17, and Mean Deviation of 0.357 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Fluor holds a performance score of 10. The firm shows a Beta (market volatility) of -0.0138, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Fluor are expected to decrease at a much lower rate. During the bear market, Fluor is likely to outperform the market. Please check Fluor's information ratio, and the relationship between the coefficient of variation and skewness , to make a quick decision on whether Fluor's price patterns will revert.
Auto-correlation | 0.34 |
Below average predictability
Fluor has below average predictability. Overlapping area represents the amount of predictability between Fluor time series from 1st of July 2024 to 29th of September 2024 and 29th of September 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 Fluor price movement. The serial correlation of 0.34 indicates that nearly 34.0% of current Fluor price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.34 | |
| Spearman Rank Test | 0.96 | |
| Residual Average | 0.0 | |
| Price Variance | 1637.99 |
Fluor lagged returns against current returns
Autocorrelation, which is Fluor 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 Fluor's stock expected returns. We can calculate the autocorrelation of Fluor returns to help us make a trade decision. For example, suppose you find that Fluor 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 |
Fluor 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 Fluor stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fluor stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Fluor stock over time.
Current vs Lagged Prices |
| Timeline |
Fluor Lagged Returns
When evaluating Fluor's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fluor stock have on its future price. Fluor 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, Fluor autocorrelation shows the relationship between Fluor stock current value and its past values and can show if there is a momentum factor associated with investing in Fluor.
Regressed Prices |
| Timeline |
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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.Additional Tools for Fluor Stock Analysis
When running Fluor's price analysis, check to measure Fluor's 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 Fluor is operating at the current time. Most of Fluor's value examination focuses on studying past and present price action to predict the probability of Fluor's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Fluor's price. Additionally, you may evaluate how the addition of Fluor to your portfolios can decrease your overall portfolio volatility.