FinecoBank SpA (UK) Market Value
| 0QVF Stock | 18.02 0.08 0.45% |
| Symbol | FinecoBank |
FinecoBank SpA '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 FinecoBank SpA'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 FinecoBank SpA.
| 12/24/2024 |
| 01/23/2025 |
If you would invest 0.00 in FinecoBank SpA on December 24, 2024 and sell it all today you would earn a total of 0.00 from holding FinecoBank SpA or generate 0.0% return on investment in FinecoBank SpA over 30 days. FinecoBank SpA is related to or competes with United Utilities, BW Offshore, BE Semiconductor, Ecofin Global, Costco Wholesale, and Elmos Semiconductor. More
FinecoBank SpA 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 FinecoBank SpA'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 FinecoBank SpA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.58 | |||
| Information Ratio | 0.1819 | |||
| Maximum Drawdown | 7.89 | |||
| Value At Risk | (1.70) | |||
| Potential Upside | 2.72 |
FinecoBank SpA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for FinecoBank SpA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as FinecoBank SpA's standard deviation. In reality, there are many statistical measures that can use FinecoBank SpA historical prices to predict the future FinecoBank SpA's volatility.| Risk Adjusted Performance | 0.1781 | |||
| Jensen Alpha | 0.2811 | |||
| Total Risk Alpha | 0.2466 | |||
| Sortino Ratio | 0.1676 | |||
| Treynor Ratio | 0.7999 |
FinecoBank SpA Backtested Returns
FinecoBank SpA appears to be somewhat reliable, given 3 months investment horizon. FinecoBank SpA secures Sharpe Ratio (or Efficiency) of 0.21, which denotes the company had a 0.21 % return per unit of risk over the last 3 months. We have found thirty technical indicators for FinecoBank SpA, which you can use to evaluate the volatility of the firm. Please utilize FinecoBank SpA's Downside Deviation of 1.58, mean deviation of 1.04, and Coefficient Of Variation of 485.04 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, FinecoBank SpA holds a performance score of 16. The firm shows a Beta (market volatility) of 0.36, which means possible diversification benefits within a given portfolio. As returns on the market increase, FinecoBank SpA's returns are expected to increase less than the market. However, during the bear market, the loss of holding FinecoBank SpA is expected to be smaller as well. Please check FinecoBank SpA's semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and standard deviation , to make a quick decision on whether FinecoBank SpA's price patterns will revert.
Auto-correlation | 0.71 |
Good predictability
FinecoBank SpA has good predictability. Overlapping area represents the amount of predictability between FinecoBank SpA time series from 24th of December 2024 to 8th of January 2025 and 8th of January 2025 to 23rd of January 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 FinecoBank SpA price movement. The serial correlation of 0.71 indicates that around 71.0% of current FinecoBank SpA price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.71 | |
| Spearman Rank Test | 0.83 | |
| Residual Average | 0.0 | |
| Price Variance | 0.09 |
FinecoBank SpA lagged returns against current returns
Autocorrelation, which is FinecoBank SpA 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 FinecoBank SpA's stock expected returns. We can calculate the autocorrelation of FinecoBank SpA returns to help us make a trade decision. For example, suppose you find that FinecoBank SpA 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 |
FinecoBank SpA 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 FinecoBank SpA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if FinecoBank SpA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in FinecoBank SpA stock over time.
Current vs Lagged Prices |
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FinecoBank SpA Lagged Returns
When evaluating FinecoBank SpA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of FinecoBank SpA stock have on its future price. FinecoBank SpA 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, FinecoBank SpA autocorrelation shows the relationship between FinecoBank SpA stock current value and its past values and can show if there is a momentum factor associated with investing in FinecoBank SpA.
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.Additional Tools for FinecoBank Stock Analysis
When running FinecoBank SpA's price analysis, check to measure FinecoBank SpA's 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 FinecoBank SpA is operating at the current time. Most of FinecoBank SpA's value examination focuses on studying past and present price action to predict the probability of FinecoBank SpA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move FinecoBank SpA's price. Additionally, you may evaluate how the addition of FinecoBank SpA to your portfolios can decrease your overall portfolio volatility.