Foryou Corp (China) Market Value
| 002906 Stock | 30.10 0.62 2.02% |
| Symbol | Foryou |
Foryou Corp '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 Foryou Corp'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 Foryou Corp.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Foryou Corp on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Foryou Corp or generate 0.0% return on investment in Foryou Corp over 30 days. Foryou Corp is related to or competes with Agricultural Bank, Industrial, Bank of China, China Construction, PetroChina, Industrial Bank, and China Life. Foryou Corp is entity of China. It is traded as Stock on SHE exchange. More
Foryou Corp 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 Foryou Corp'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 Foryou Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.45 | |||
| Information Ratio | 0.0985 | |||
| Maximum Drawdown | 17.23 | |||
| Value At Risk | (3.10) | |||
| Potential Upside | 5.96 |
Foryou Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Foryou Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Foryou Corp's standard deviation. In reality, there are many statistical measures that can use Foryou Corp historical prices to predict the future Foryou Corp's volatility.| Risk Adjusted Performance | 0.1169 | |||
| Jensen Alpha | 0.4231 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | 0.113 | |||
| Treynor Ratio | (1.50) |
Foryou Corp Backtested Returns
Foryou Corp appears to be not too volatile, given 3 months investment horizon. Foryou Corp secures Sharpe Ratio (or Efficiency) of 0.15, which denotes the company had a 0.15% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Foryou Corp, which you can use to evaluate the volatility of the firm. Please utilize Foryou Corp's Downside Deviation of 2.45, coefficient of variation of 699.15, and Mean Deviation of 1.98 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Foryou Corp holds a performance score of 11. The firm shows a Beta (market volatility) of -0.26, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Foryou Corp are expected to decrease at a much lower rate. During the bear market, Foryou Corp is likely to outperform the market. Please check Foryou Corp's coefficient of variation, jensen alpha, sortino ratio, as well as the relationship between the information ratio and total risk alpha , to make a quick decision on whether Foryou Corp's price patterns will revert.
Auto-correlation | -0.65 |
Very good reverse predictability
Foryou Corp has very good reverse predictability. Overlapping area represents the amount of predictability between Foryou Corp time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 Foryou Corp price movement. The serial correlation of -0.65 indicates that roughly 65.0% of current Foryou Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.65 | |
| Spearman Rank Test | -0.73 | |
| Residual Average | 0.0 | |
| Price Variance | 1.16 |
Foryou Corp lagged returns against current returns
Autocorrelation, which is Foryou Corp 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 Foryou Corp's stock expected returns. We can calculate the autocorrelation of Foryou Corp returns to help us make a trade decision. For example, suppose you find that Foryou Corp 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 |
Foryou Corp 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 Foryou Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Foryou Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Foryou Corp stock over time.
Current vs Lagged Prices |
| Timeline |
Foryou Corp Lagged Returns
When evaluating Foryou Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Foryou Corp stock have on its future price. Foryou Corp 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, Foryou Corp autocorrelation shows the relationship between Foryou Corp stock current value and its past values and can show if there is a momentum factor associated with investing in Foryou Corp.
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 Foryou Stock
Foryou Corp financial ratios help investors to determine whether Foryou 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 Foryou with respect to the benefits of owning Foryou Corp security.