Fingermotion Stock Market Value
| FNGR Stock | USD 1.98 0.02 1.02% |
| Symbol | FingerMotion |
FingerMotion Price To Book Ratio
Is Diversified Telecommunication Services space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of FingerMotion. If investors know FingerMotion will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about FingerMotion listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.10) | Revenue Per Share 0.593 | Quarterly Revenue Growth (0.09) | Return On Assets (0.14) | Return On Equity (0.48) |
The market value of FingerMotion is measured differently than its book value, which is the value of FingerMotion that is recorded on the company's balance sheet. Investors also form their own opinion of FingerMotion's value that differs from its market value or its book value, called intrinsic value, which is FingerMotion's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because FingerMotion's market value can be influenced by many factors that don't directly affect FingerMotion's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between FingerMotion's value and its price as these two are different measures arrived at by different means. Investors typically determine if FingerMotion is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, FingerMotion's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
FingerMotion '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 FingerMotion'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 FingerMotion.
| 11/11/2024 |
| 12/11/2024 |
If you would invest 0.00 in FingerMotion on November 11, 2024 and sell it all today you would earn a total of 0.00 from holding FingerMotion or generate 0.0% return on investment in FingerMotion over 30 days. FingerMotion is related to or competes with Liberty Broadband, KT, Liberty Broadband, Consolidated Communications, KORE Group, IDT, and Cable One. FingerMotion, Inc., a mobile data specialist company, provides mobile payment and recharge platform solutions in China More
FingerMotion 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 FingerMotion'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 FingerMotion upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.57 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 19.7 | |||
| Value At Risk | (5.56) | |||
| Potential Upside | 7.07 |
FingerMotion Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for FingerMotion's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as FingerMotion's standard deviation. In reality, there are many statistical measures that can use FingerMotion historical prices to predict the future FingerMotion's volatility.| Risk Adjusted Performance | 0.0161 | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.58) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.0212 |
FingerMotion Backtested Returns
FingerMotion secures Sharpe Ratio (or Efficiency) of -0.008, which denotes the company had a -0.008% return per unit of risk over the last 3 months. FingerMotion exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm FingerMotion's Mean Deviation of 2.98, coefficient of variation of 9093.55, and Downside Deviation of 3.57 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.53, which means 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, FingerMotion will likely underperform. At this point, FingerMotion has a negative expected return of -0.0304%. Please make sure to confirm FingerMotion's semi variance, and the relationship between the treynor ratio and daily balance of power , to decide if FingerMotion performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.11 |
Insignificant reverse predictability
FingerMotion has insignificant reverse predictability. Overlapping area represents the amount of predictability between FingerMotion time series from 11th of November 2024 to 26th of November 2024 and 26th of November 2024 to 11th 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 FingerMotion price movement. The serial correlation of -0.11 indicates that less than 11.0% of current FingerMotion price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.11 | |
| Spearman Rank Test | -0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
FingerMotion lagged returns against current returns
Autocorrelation, which is FingerMotion 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 FingerMotion's stock expected returns. We can calculate the autocorrelation of FingerMotion returns to help us make a trade decision. For example, suppose you find that FingerMotion 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 |
FingerMotion 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 FingerMotion stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if FingerMotion stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in FingerMotion stock over time.
Current vs Lagged Prices |
| Timeline |
FingerMotion Lagged Returns
When evaluating FingerMotion's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of FingerMotion stock have on its future price. FingerMotion 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, FingerMotion autocorrelation shows the relationship between FingerMotion stock current value and its past values and can show if there is a momentum factor associated with investing in FingerMotion.
Regressed Prices |
| Timeline |
Pair Trading with FingerMotion
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if FingerMotion position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in FingerMotion will appreciate offsetting losses from the drop in the long position's value.Moving against FingerMotion Stock
| 0.53 | TMUS | T Mobile Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.5 | T | ATT Inc Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.46 | EA | Electronic Arts Sell-off Trend | PairCorr |
| 0.46 | VSME | VS Media Holdings | PairCorr |
| 0.41 | VEON | VEON | PairCorr |
The ability to find closely correlated positions to FingerMotion could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace FingerMotion when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back FingerMotion - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling FingerMotion to buy it.
The correlation of FingerMotion is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as FingerMotion moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if FingerMotion moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for FingerMotion can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for FingerMotion Stock Analysis
When running FingerMotion's price analysis, check to measure FingerMotion'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 FingerMotion is operating at the current time. Most of FingerMotion's value examination focuses on studying past and present price action to predict the probability of FingerMotion's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move FingerMotion's price. Additionally, you may evaluate how the addition of FingerMotion to your portfolios can decrease your overall portfolio volatility.