FSPG Hi (China) Market Value
| 000973 Stock | 8.19 0.91 10.00% |
| Symbol | FSPG |
FSPG Hi '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 FSPG Hi'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 FSPG Hi.
| 09/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in FSPG Hi on September 28, 2024 and sell it all today you would earn a total of 0.00 from holding FSPG Hi Tech Co or generate 0.0% return on investment in FSPG Hi over 60 days. FSPG Hi is related to or competes with Iat Automobile, Wuhan Yangtze, Shenzhen Kexin, Haima Automobile, Zhongtong Guomai, Chongqing Changan, and Railway Signal. FSPG Hi is entity of China. It is traded as Stock on SHE exchange. More
FSPG Hi 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 FSPG Hi'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 FSPG Hi Tech Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.88 | |||
| Information Ratio | 0.2685 | |||
| Maximum Drawdown | 20.05 | |||
| Value At Risk | (2.44) | |||
| Potential Upside | 10.01 |
FSPG Hi Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for FSPG Hi's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as FSPG Hi's standard deviation. In reality, there are many statistical measures that can use FSPG Hi historical prices to predict the future FSPG Hi's volatility.| Risk Adjusted Performance | 0.2367 | |||
| Jensen Alpha | 1.28 | |||
| Total Risk Alpha | 0.5973 | |||
| Sortino Ratio | 0.297 | |||
| Treynor Ratio | (32.50) |
FSPG Hi Tech Backtested Returns
FSPG Hi is moderately volatile given 3 months investment horizon. FSPG Hi Tech secures Sharpe Ratio (or Efficiency) of 0.33, which denotes the company had a 0.33% return per unit of volatility over the last 3 months. We were able to analyze thirty different technical indicators, which can help you to evaluate if expected returns of 1.5% are justified by taking the suggested risk. Use FSPG Hi Market Risk Adjusted Performance of (32.49), downside deviation of 3.88, and Mean Deviation of 2.97 to evaluate company specific risk that cannot be diversified away. FSPG Hi holds a performance score of 26 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of -0.0392, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning FSPG Hi are expected to decrease at a much lower rate. During the bear market, FSPG Hi is likely to outperform the market. Use FSPG Hi standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to analyze future returns on FSPG Hi.
Auto-correlation | 0.75 |
Good predictability
FSPG Hi Tech Co has good predictability. Overlapping area represents the amount of predictability between FSPG Hi time series from 28th of September 2024 to 28th of October 2024 and 28th of October 2024 to 27th of November 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 FSPG Hi Tech price movement. The serial correlation of 0.75 indicates that around 75.0% of current FSPG Hi price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.75 | |
| Spearman Rank Test | 0.7 | |
| Residual Average | 0.0 | |
| Price Variance | 0.37 |
FSPG Hi Tech lagged returns against current returns
Autocorrelation, which is FSPG Hi 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 FSPG Hi's stock expected returns. We can calculate the autocorrelation of FSPG Hi returns to help us make a trade decision. For example, suppose you find that FSPG Hi 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 |
FSPG Hi 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 FSPG Hi stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if FSPG Hi stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in FSPG Hi stock over time.
Current vs Lagged Prices |
| Timeline |
FSPG Hi Lagged Returns
When evaluating FSPG Hi's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of FSPG Hi stock have on its future price. FSPG Hi 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, FSPG Hi autocorrelation shows the relationship between FSPG Hi stock current value and its past values and can show if there is a momentum factor associated with investing in FSPG Hi Tech Co.
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 FSPG Stock
FSPG Hi financial ratios help investors to determine whether FSPG 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 FSPG with respect to the benefits of owning FSPG Hi security.