FLUOR P NEW Market Value
| 343412AF9 | 92.04 4.54 4.70% |
| Symbol | FLUOR |
FLUOR '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 FLUOR's bond 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 FLUOR.
| 11/16/2024 |
| 12/16/2024 |
If you would invest 0.00 in FLUOR on November 16, 2024 and sell it all today you would earn a total of 0.00 from holding FLUOR P NEW or generate 0.0% return on investment in FLUOR over 30 days. FLUOR is related to or competes with Sable Offshore, Luxfer Holdings, Eastman Chemical, KNOT Offshore, Ecolab, Air Products, and Avient Corp. More
FLUOR 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 FLUOR's bond 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 FLUOR P NEW upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 7.87 | |||
| Value At Risk | (1.14) | |||
| Potential Upside | 1.04 |
FLUOR Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for FLUOR's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as FLUOR's standard deviation. In reality, there are many statistical measures that can use FLUOR historical prices to predict the future FLUOR's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.25) | |||
| Treynor Ratio | (0.85) |
FLUOR P NEW Backtested Returns
FLUOR P NEW secures Sharpe Ratio (or Efficiency) of -0.0731, which denotes the bond had a -0.0731% return per unit of volatility over the last 3 months. FLUOR P NEW exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm FLUOR's Standard Deviation of 1.15, mean deviation of 0.5742, and Market Risk Adjusted Performance of (0.84) to check the risk estimate we provide. The bond shows a Beta (market volatility) of 0.12, which means not very significant fluctuations relative to the market. As returns on the market increase, FLUOR's returns are expected to increase less than the market. However, during the bear market, the loss of holding FLUOR is expected to be smaller as well.
Auto-correlation | 0.66 |
Good predictability
FLUOR P NEW has good predictability. Overlapping area represents the amount of predictability between FLUOR time series from 16th of November 2024 to 1st of December 2024 and 1st of December 2024 to 16th 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 FLUOR P NEW price movement. The serial correlation of 0.66 indicates that around 66.0% of current FLUOR price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.66 | |
| Spearman Rank Test | -0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
FLUOR P NEW lagged returns against current returns
Autocorrelation, which is FLUOR bond'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 FLUOR's bond expected returns. We can calculate the autocorrelation of FLUOR returns to help us make a trade decision. For example, suppose you find that FLUOR has exhibited high autocorrelation historically, and you observe that the bond 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 |
FLUOR 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 FLUOR bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if FLUOR bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in FLUOR bond over time.
Current vs Lagged Prices |
| Timeline |
FLUOR Lagged Returns
When evaluating FLUOR's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of FLUOR bond have on its future price. FLUOR 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, FLUOR autocorrelation shows the relationship between FLUOR bond current value and its past values and can show if there is a momentum factor associated with investing in FLUOR P NEW.
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 FLUOR Bond
FLUOR financial ratios help investors to determine whether FLUOR Bond 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 FLUOR with respect to the benefits of owning FLUOR security.