Fonix Mobile (UK) Market Value
| FNX Stock | 215.50 4.50 2.13% |
| Symbol | Fonix |
Fonix Mobile '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 Fonix Mobile'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 Fonix Mobile.
| 06/14/2024 |
| 12/11/2024 |
If you would invest 0.00 in Fonix Mobile on June 14, 2024 and sell it all today you would earn a total of 0.00 from holding Fonix Mobile plc or generate 0.0% return on investment in Fonix Mobile over 180 days. Fonix Mobile is related to or competes with Home Depot, Chrysalis Investments, Neometals, Coor Service, Fidelity Sustainable, Surgical Science, and Sancus Lending. Fonix Mobile is entity of United Kingdom More
Fonix Mobile 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 Fonix Mobile'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 Fonix Mobile plc upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 13.45 | |||
| Value At Risk | (4.86) | |||
| Potential Upside | 3.62 |
Fonix Mobile Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fonix Mobile's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fonix Mobile's standard deviation. In reality, there are many statistical measures that can use Fonix Mobile historical prices to predict the future Fonix Mobile's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.50) | |||
| Treynor Ratio | 0.3867 |
Fonix Mobile plc Backtested Returns
Fonix Mobile plc secures Sharpe Ratio (or Efficiency) of -0.0173, which denotes the company had a -0.0173% return per unit of risk over the last 3 months. Fonix Mobile plc exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Fonix Mobile's Standard Deviation of 2.59, variance of 6.7, and Mean Deviation of 1.67 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.22, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Fonix Mobile are expected to decrease at a much lower rate. During the bear market, Fonix Mobile is likely to outperform the market. At this point, Fonix Mobile plc has a negative expected return of -0.0453%. Please make sure to confirm Fonix Mobile's maximum drawdown, daily balance of power, period momentum indicator, as well as the relationship between the skewness and day typical price , to decide if Fonix Mobile plc performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.22 |
Weak predictability
Fonix Mobile plc has weak predictability. Overlapping area represents the amount of predictability between Fonix Mobile time series from 14th of June 2024 to 12th of September 2024 and 12th of September 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 Fonix Mobile plc price movement. The serial correlation of 0.22 indicates that over 22.0% of current Fonix Mobile price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.22 | |
| Spearman Rank Test | 0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 80.83 |
Fonix Mobile plc lagged returns against current returns
Autocorrelation, which is Fonix Mobile 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 Fonix Mobile's stock expected returns. We can calculate the autocorrelation of Fonix Mobile returns to help us make a trade decision. For example, suppose you find that Fonix Mobile 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 |
Fonix Mobile 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 Fonix Mobile stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fonix Mobile stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Fonix Mobile stock over time.
Current vs Lagged Prices |
| Timeline |
Fonix Mobile Lagged Returns
When evaluating Fonix Mobile's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fonix Mobile stock have on its future price. Fonix Mobile 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, Fonix Mobile autocorrelation shows the relationship between Fonix Mobile stock current value and its past values and can show if there is a momentum factor associated with investing in Fonix Mobile plc.
Regressed Prices |
| Timeline |
Also Currently Popular
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.Other Information on Investing in Fonix Stock
Fonix Mobile financial ratios help investors to determine whether Fonix 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 Fonix with respect to the benefits of owning Fonix Mobile security.