Fountain (Belgium) Market Value
| FOU Stock | EUR 1.27 0.11 7.97% |
| Symbol | Fountain |
Fountain '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 Fountain'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 Fountain.
| 11/19/2024 |
| 12/19/2024 |
If you would invest 0.00 in Fountain on November 19, 2024 and sell it all today you would earn a total of 0.00 from holding Fountain or generate 0.0% return on investment in Fountain over 30 days. Fountain is related to or competes with Ackermans Van, NV Bekaert, Melexis NV, DIeteren Group, and Groep Brussel. Fountain S.A. supplies drinks vending machines for businesses in Europe and internationally More
Fountain 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 Fountain'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 Fountain upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 26.26 | |||
| Value At Risk | (8.75) | |||
| Potential Upside | 7.45 |
Fountain Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fountain's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fountain's standard deviation. In reality, there are many statistical measures that can use Fountain historical prices to predict the future Fountain's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.20) | |||
| Total Risk Alpha | (0.29) | |||
| Treynor Ratio | (0.36) |
Fountain Backtested Returns
Fountain secures Sharpe Ratio (or Efficiency) of -0.06, which denotes the company had a -0.06% return per unit of risk over the last 3 months. Fountain exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Fountain's Variance of 15.66, mean deviation of 1.85, and Standard Deviation of 3.96 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.54, which means possible diversification benefits within a given portfolio. As returns on the market increase, Fountain's returns are expected to increase less than the market. However, during the bear market, the loss of holding Fountain is expected to be smaller as well. At this point, Fountain has a negative expected return of -0.24%. Please make sure to confirm Fountain's skewness, daily balance of power, and the relationship between the potential upside and kurtosis , to decide if Fountain performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.27 |
Weak reverse predictability
Fountain has weak reverse predictability. Overlapping area represents the amount of predictability between Fountain time series from 19th of November 2024 to 4th of December 2024 and 4th of December 2024 to 19th 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 Fountain price movement. The serial correlation of -0.27 indicates that nearly 27.0% of current Fountain price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.27 | |
| Spearman Rank Test | -0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Fountain lagged returns against current returns
Autocorrelation, which is Fountain 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 Fountain's stock expected returns. We can calculate the autocorrelation of Fountain returns to help us make a trade decision. For example, suppose you find that Fountain 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 |
Fountain 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 Fountain stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fountain stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Fountain stock over time.
Current vs Lagged Prices |
| Timeline |
Fountain Lagged Returns
When evaluating Fountain's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fountain stock have on its future price. Fountain 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, Fountain autocorrelation shows the relationship between Fountain stock current value and its past values and can show if there is a momentum factor associated with investing in Fountain.
Regressed Prices |
| Timeline |
Pair Trading with Fountain
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 Fountain 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 Fountain will appreciate offsetting losses from the drop in the long position's value.Moving together with Fountain Stock
| 0.73 | DISL | Immobiliere Distri Land | PairCorr |
| 0.77 | SOF | Sofina Socit Anonyme | PairCorr |
| 0.76 | QFG | Quest For Growth | PairCorr |
| 0.68 | BREB | Brederode SA | PairCorr |
The ability to find closely correlated positions to Fountain could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Fountain 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 Fountain - 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 Fountain to buy it.
The correlation of Fountain 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 Fountain moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Fountain 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 Fountain 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 Fountain Stock Analysis
When running Fountain's price analysis, check to measure Fountain'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 Fountain is operating at the current time. Most of Fountain's value examination focuses on studying past and present price action to predict the probability of Fountain's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Fountain's price. Additionally, you may evaluate how the addition of Fountain to your portfolios can decrease your overall portfolio volatility.