Fuyao Glass Industry Stock Market Value
| FYGGY Stock | USD 1.67 0.00 0.00% |
| Symbol | Fuyao |
Fuyao Glass '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 Fuyao Glass' pink sheet 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 Fuyao Glass.
| 09/30/2024 |
| 12/29/2024 |
If you would invest 0.00 in Fuyao Glass on September 30, 2024 and sell it all today you would earn a total of 0.00 from holding Fuyao Glass Industry or generate 0.0% return on investment in Fuyao Glass over 90 days. Fuyao Glass is related to or competes with BKV, Republic Bancorp, KKR Co, Obayashi, RCM Technologies, Fast Retailing, and PSQ Holdings. Fuyao Glass Industry Group Co., Ltd., together with its subsidiaries, provides solutions of safety glass and automotive ... More
Fuyao Glass 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 Fuyao Glass' pink sheet 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 Fuyao Glass Industry upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.129 | |||
| Maximum Drawdown | 26.94 |
Fuyao Glass Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fuyao Glass' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fuyao Glass' standard deviation. In reality, there are many statistical measures that can use Fuyao Glass historical prices to predict the future Fuyao Glass' volatility.| Risk Adjusted Performance | 0.1185 | |||
| Jensen Alpha | 0.412 | |||
| Total Risk Alpha | 0.337 | |||
| Treynor Ratio | 0.806 |
Fuyao Glass Industry Backtested Returns
Fuyao Glass appears to be very risky, given 3 months investment horizon. Fuyao Glass Industry secures Sharpe Ratio (or Efficiency) of 0.14, which denotes the company had a 0.14% return per unit of risk over the last 3 months. We have found sixteen technical indicators for Fuyao Glass Industry, which you can use to evaluate the volatility of the firm. Please utilize Fuyao Glass' Standard Deviation of 3.11, mean deviation of 0.9292, and Variance of 9.69 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Fuyao Glass holds a performance score of 10. The firm shows a Beta (market volatility) of 0.53, which means possible diversification benefits within a given portfolio. As returns on the market increase, Fuyao Glass' returns are expected to increase less than the market. However, during the bear market, the loss of holding Fuyao Glass is expected to be smaller as well. Please check Fuyao Glass' market risk adjusted performance, treynor ratio, as well as the relationship between the Treynor Ratio and day typical price , to make a quick decision on whether Fuyao Glass' price patterns will revert.
Auto-correlation | -0.31 |
Poor reverse predictability
Fuyao Glass Industry has poor reverse predictability. Overlapping area represents the amount of predictability between Fuyao Glass time series from 30th of September 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 Fuyao Glass Industry price movement. The serial correlation of -0.31 indicates that nearly 31.0% of current Fuyao Glass price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.31 | |
| Spearman Rank Test | -0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Fuyao Glass Industry lagged returns against current returns
Autocorrelation, which is Fuyao Glass pink sheet'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 Fuyao Glass' pink sheet expected returns. We can calculate the autocorrelation of Fuyao Glass returns to help us make a trade decision. For example, suppose you find that Fuyao Glass has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
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Fuyao Glass 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 Fuyao Glass pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fuyao Glass pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Fuyao Glass pink sheet over time.
Current vs Lagged Prices |
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Fuyao Glass Lagged Returns
When evaluating Fuyao Glass' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fuyao Glass pink sheet have on its future price. Fuyao Glass 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, Fuyao Glass autocorrelation shows the relationship between Fuyao Glass pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Fuyao Glass Industry.
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.Additional Tools for Fuyao Pink Sheet Analysis
When running Fuyao Glass' price analysis, check to measure Fuyao Glass' 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 Fuyao Glass is operating at the current time. Most of Fuyao Glass' value examination focuses on studying past and present price action to predict the probability of Fuyao Glass' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Fuyao Glass' price. Additionally, you may evaluate how the addition of Fuyao Glass to your portfolios can decrease your overall portfolio volatility.