Futura Medical (UK) Market Value
| FUM Stock | 33.70 0.70 2.12% |
| Symbol | Futura |
Futura Medical '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 Futura Medical'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 Futura Medical.
| 12/07/2023 |
| 12/01/2024 |
If you would invest 0.00 in Futura Medical on December 7, 2023 and sell it all today you would earn a total of 0.00 from holding Futura Medical or generate 0.0% return on investment in Futura Medical over 360 days. Futura Medical is related to or competes with Viridian Therapeutics, CVR Energy, Nationwide Building, Dollar Tree, News Corp, and Pinnacle West. Futura Medical is entity of United Kingdom More
Futura Medical 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 Futura Medical'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 Futura Medical upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.47 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 26.57 | |||
| Value At Risk | (3.99) | |||
| Potential Upside | 3.73 |
Futura Medical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Futura Medical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Futura Medical's standard deviation. In reality, there are many statistical measures that can use Futura Medical historical prices to predict the future Futura Medical's volatility.| Risk Adjusted Performance | 0.0226 | |||
| Jensen Alpha | 0.083 | |||
| Total Risk Alpha | (0.54) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | (0.31) |
Futura Medical Backtested Returns
Futura Medical secures Sharpe Ratio (or Efficiency) of -0.076, which denotes the company had a -0.076% return per unit of risk over the last 3 months. Futura Medical exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Futura Medical's Downside Deviation of 2.47, coefficient of variation of 5203.42, and Mean Deviation of 2.09 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.19, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Futura Medical are expected to decrease at a much lower rate. During the bear market, Futura Medical is likely to outperform the market. At this point, Futura Medical has a negative expected return of -0.21%. Please make sure to confirm Futura Medical's sortino ratio, potential upside, skewness, as well as the relationship between the maximum drawdown and semi variance , to decide if Futura Medical performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.09 |
Very weak reverse predictability
Futura Medical has very weak reverse predictability. Overlapping area represents the amount of predictability between Futura Medical time series from 7th of December 2023 to 4th of June 2024 and 4th of June 2024 to 1st 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 Futura Medical price movement. The serial correlation of -0.09 indicates that less than 9.0% of current Futura Medical price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.09 | |
| Spearman Rank Test | -0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 3.36 |
Futura Medical lagged returns against current returns
Autocorrelation, which is Futura Medical 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 Futura Medical's stock expected returns. We can calculate the autocorrelation of Futura Medical returns to help us make a trade decision. For example, suppose you find that Futura Medical 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 |
Futura Medical 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 Futura Medical stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Futura Medical stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Futura Medical stock over time.
Current vs Lagged Prices |
| Timeline |
Futura Medical Lagged Returns
When evaluating Futura Medical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Futura Medical stock have on its future price. Futura Medical 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, Futura Medical autocorrelation shows the relationship between Futura Medical stock current value and its past values and can show if there is a momentum factor associated with investing in Futura Medical.
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.Other Information on Investing in Futura Stock
Futura Medical financial ratios help investors to determine whether Futura 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 Futura with respect to the benefits of owning Futura Medical security.