FSPG Hi-Tech (China) Market Value
| 000973 Stock | 5.58 0.19 3.29% |
| Symbol | FSPG |
FSPG Hi-Tech '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-Tech'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-Tech.
| 08/05/2024 |
| 02/01/2025 |
If you would invest 0.00 in FSPG Hi-Tech on August 5, 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-Tech over 180 days. FSPG Hi-Tech is related to or competes with Nanxing Furniture, ROPEOK Technology, Fiberhome Telecommunicatio, Zoy Home, Easyhome New, Zhangjiagang Elegant, and Tianjin Hi. FSPG Hi-Tech is entity of China. It is traded as Stock on SHE exchange. More
FSPG Hi-Tech 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-Tech'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 | 4.31 | |||
| Information Ratio | 0.0449 | |||
| Maximum Drawdown | 20.07 | |||
| Value At Risk | (6.82) | |||
| Potential Upside | 10.01 |
FSPG Hi-Tech Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for FSPG Hi-Tech's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as FSPG Hi-Tech's standard deviation. In reality, there are many statistical measures that can use FSPG Hi-Tech historical prices to predict the future FSPG Hi-Tech's volatility.| Risk Adjusted Performance | 0.064 | |||
| Jensen Alpha | 0.2679 | |||
| Total Risk Alpha | (0.20) | |||
| Sortino Ratio | 0.0473 | |||
| Treynor Ratio | 1.02 |
FSPG Hi Tech Backtested Returns
At this point, FSPG Hi-Tech is relatively risky. FSPG Hi Tech secures Sharpe Ratio (or Efficiency) of 0.0143, which denotes the company had a 0.0143 % return per unit of volatility over the last 3 months. We have found twenty-nine technical indicators for FSPG Hi Tech Co, which you can use to evaluate the volatility of the firm. Please confirm FSPG Hi-Tech's Mean Deviation of 3.09, market risk adjusted performance of 1.03, and Downside Deviation of 4.31 to check if the risk estimate we provide is consistent with the expected return of 0.065%. FSPG Hi-Tech has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.29, which means not very significant fluctuations relative to the market. As returns on the market increase, FSPG Hi-Tech's returns are expected to increase less than the market. However, during the bear market, the loss of holding FSPG Hi-Tech is expected to be smaller as well. FSPG Hi Tech currently shows a risk of 4.54%. Please confirm FSPG Hi Tech downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if FSPG Hi Tech will be following its price patterns.
Auto-correlation | -0.45 |
Modest reverse predictability
FSPG Hi Tech Co has modest reverse predictability. Overlapping area represents the amount of predictability between FSPG Hi-Tech time series from 5th of August 2024 to 3rd of November 2024 and 3rd of November 2024 to 1st of February 2025. 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 -0.45 indicates that just about 45.0% of current FSPG Hi-Tech price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.45 | |
| Spearman Rank Test | -0.4 | |
| Residual Average | 0.0 | |
| Price Variance | 0.96 |
FSPG Hi Tech lagged returns against current returns
Autocorrelation, which is FSPG Hi-Tech 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-Tech's stock expected returns. We can calculate the autocorrelation of FSPG Hi-Tech returns to help us make a trade decision. For example, suppose you find that FSPG Hi-Tech 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-Tech 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-Tech stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if FSPG Hi-Tech 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-Tech stock over time.
Current vs Lagged Prices |
| Timeline |
FSPG Hi-Tech Lagged Returns
When evaluating FSPG Hi-Tech's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of FSPG Hi-Tech stock have on its future price. FSPG Hi-Tech 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-Tech autocorrelation shows the relationship between FSPG Hi-Tech 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-Tech 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-Tech security.