Firan Technology (Germany) Market Value
| 22F Stock | 4.82 0.04 0.82% |
| Symbol | Firan |
Firan Technology '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 Firan Technology'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 Firan Technology.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Firan Technology on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Firan Technology Group or generate 0.0% return on investment in Firan Technology over 30 days. Firan Technology is related to or competes with Apple, Apple, Apple, Apple, Apple, Microsoft, and Microsoft. More
Firan Technology 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 Firan Technology'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 Firan Technology Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.87 | |||
| Information Ratio | 0.0923 | |||
| Maximum Drawdown | 12.43 | |||
| Value At Risk | (3.57) | |||
| Potential Upside | 4.05 |
Firan Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Firan Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Firan Technology's standard deviation. In reality, there are many statistical measures that can use Firan Technology historical prices to predict the future Firan Technology's volatility.| Risk Adjusted Performance | 0.1211 | |||
| Jensen Alpha | 0.2524 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | 0.1105 | |||
| Treynor Ratio | 0.5307 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Firan Technology's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Firan Technology Backtested Returns
Firan Technology appears to be slightly risky, given 3 months investment horizon. Firan Technology secures Sharpe Ratio (or Efficiency) of 0.16, which denotes the company had a 0.16% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Firan Technology Group, which you can use to evaluate the volatility of the firm. Please utilize Firan Technology's Downside Deviation of 1.87, coefficient of variation of 667.34, and Mean Deviation of 1.64 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Firan Technology holds a performance score of 12. The firm shows a Beta (market volatility) of 0.61, which means possible diversification benefits within a given portfolio. As returns on the market increase, Firan Technology's returns are expected to increase less than the market. However, during the bear market, the loss of holding Firan Technology is expected to be smaller as well. Please check Firan Technology's standard deviation, treynor ratio, downside variance, as well as the relationship between the total risk alpha and value at risk , to make a quick decision on whether Firan Technology's price patterns will revert.
Auto-correlation | -0.89 |
Excellent reverse predictability
Firan Technology Group has excellent reverse predictability. Overlapping area represents the amount of predictability between Firan Technology time series from 28th of October 2024 to 12th of November 2024 and 12th of November 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 Firan Technology price movement. The serial correlation of -0.89 indicates that approximately 89.0% of current Firan Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.89 | |
| Spearman Rank Test | -0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Firan Technology lagged returns against current returns
Autocorrelation, which is Firan Technology 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 Firan Technology's stock expected returns. We can calculate the autocorrelation of Firan Technology returns to help us make a trade decision. For example, suppose you find that Firan Technology 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 |
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Firan Technology 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 Firan Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Firan Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Firan Technology stock over time.
Current vs Lagged Prices |
| Timeline |
Firan Technology Lagged Returns
When evaluating Firan Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Firan Technology stock have on its future price. Firan Technology 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, Firan Technology autocorrelation shows the relationship between Firan Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Firan Technology Group.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Firan Stock Analysis
When running Firan Technology's price analysis, check to measure Firan Technology'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 Firan Technology is operating at the current time. Most of Firan Technology's value examination focuses on studying past and present price action to predict the probability of Firan Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Firan Technology's price. Additionally, you may evaluate how the addition of Firan Technology to your portfolios can decrease your overall portfolio volatility.