Funko Inc Stock Market Value
| FNKO Stock | USD 11.83 0.08 0.68% |
| Symbol | Funko |
Funko Inc Price To Book Ratio
Is Distributors 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 Funko. If investors know Funko 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 Funko listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.32) | Earnings Share (0.44) | Revenue Per Share 20.362 | Quarterly Revenue Growth (0.06) | Return On Assets (0.01) |
The market value of Funko Inc is measured differently than its book value, which is the value of Funko that is recorded on the company's balance sheet. Investors also form their own opinion of Funko's value that differs from its market value or its book value, called intrinsic value, which is Funko'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 Funko's market value can be influenced by many factors that don't directly affect Funko'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 Funko's value and its price as these two are different measures arrived at by different means. Investors typically determine if Funko is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Funko'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.
Funko '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 Funko'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 Funko.
| 09/03/2024 |
| 12/02/2024 |
If you would invest 0.00 in Funko on September 3, 2024 and sell it all today you would earn a total of 0.00 from holding Funko Inc or generate 0.0% return on investment in Funko over 90 days. Funko is related to or competes with Mattel, JAKKS Pacific, Madison Square, Life Time, Escalade Incorporated, American Outdoor, and OneSpaWorld Holdings. Funko, Inc., a pop culture consumer products company, designs, sources, and distributes licensed pop culture products in... More
Funko 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 Funko'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 Funko Inc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.23 | |||
| Information Ratio | 0.0468 | |||
| Maximum Drawdown | 18.66 | |||
| Value At Risk | (5.08) | |||
| Potential Upside | 5.62 |
Funko Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Funko's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Funko's standard deviation. In reality, there are many statistical measures that can use Funko historical prices to predict the future Funko's volatility.| Risk Adjusted Performance | 0.0781 | |||
| Jensen Alpha | 0.171 | |||
| Total Risk Alpha | (0.24) | |||
| Sortino Ratio | 0.0437 | |||
| Treynor Ratio | 0.3504 |
Funko Inc Backtested Returns
Funko appears to be slightly risky, given 3 months investment horizon. Funko Inc secures Sharpe Ratio (or Efficiency) of 0.0812, which denotes the company had a 0.0812% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Funko Inc, which you can use to evaluate the volatility of the firm. Please utilize Funko's Coefficient Of Variation of 1082.64, mean deviation of 2.03, and Downside Deviation of 3.23 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Funko holds a performance score of 6. The firm shows a Beta (market volatility) of 0.77, which means possible diversification benefits within a given portfolio. As returns on the market increase, Funko's returns are expected to increase less than the market. However, during the bear market, the loss of holding Funko is expected to be smaller as well. Please check Funko's semi variance, and the relationship between the treynor ratio and daily balance of power , to make a quick decision on whether Funko's price patterns will revert.
Auto-correlation | -0.62 |
Very good reverse predictability
Funko Inc has very good reverse predictability. Overlapping area represents the amount of predictability between Funko time series from 3rd of September 2024 to 18th of October 2024 and 18th of October 2024 to 2nd 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 Funko Inc price movement. The serial correlation of -0.62 indicates that roughly 62.0% of current Funko price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.62 | |
| Spearman Rank Test | -0.53 | |
| Residual Average | 0.0 | |
| Price Variance | 0.47 |
Funko Inc lagged returns against current returns
Autocorrelation, which is Funko 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 Funko's stock expected returns. We can calculate the autocorrelation of Funko returns to help us make a trade decision. For example, suppose you find that Funko 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 |
Funko 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 Funko stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Funko stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Funko stock over time.
Current vs Lagged Prices |
| Timeline |
Funko Lagged Returns
When evaluating Funko's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Funko stock have on its future price. Funko 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, Funko autocorrelation shows the relationship between Funko stock current value and its past values and can show if there is a momentum factor associated with investing in Funko Inc.
Regressed Prices |
| Timeline |
Pair Trading with Funko
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 Funko 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 Funko will appreciate offsetting losses from the drop in the long position's value.Moving together with Funko Stock
| 0.68 | JD | JD Inc Adr Aggressive Push | PairCorr |
Moving against Funko Stock
The ability to find closely correlated positions to Funko could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Funko 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 Funko - 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 Funko Inc to buy it.
The correlation of Funko 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 Funko moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Funko Inc 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 Funko 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.Check out Funko Correlation, Funko Volatility and Funko Alpha and Beta module to complement your research on Funko. You can also try the Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..
Funko technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.