FIC Global (Taiwan) Market Value
| 3701 Stock | TWD 41.50 0.20 0.48% |
| Symbol | FIC |
FIC Global '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 FIC Global'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 FIC Global.
| 12/05/2022 |
| 11/24/2024 |
If you would invest 0.00 in FIC Global on December 5, 2022 and sell it all today you would earn a total of 0.00 from holding FIC Global or generate 0.0% return on investment in FIC Global over 720 days. FIC Global is related to or competes with Novatek Microelectronics, Quanta Computer, and United Microelectronics. FIC Global, Inc. invests in the EMS, information technology, and system integration businesses worldwide More
FIC Global 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 FIC Global'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 FIC Global upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.37 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 16.06 | |||
| Value At Risk | (3.14) | |||
| Potential Upside | 4.58 |
FIC Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for FIC Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as FIC Global's standard deviation. In reality, there are many statistical measures that can use FIC Global historical prices to predict the future FIC Global's volatility.| Risk Adjusted Performance | 0.0357 | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.37) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.0808 |
FIC Global Backtested Returns
At this stage we consider FIC Stock to be very steady. FIC Global retains Efficiency (Sharpe Ratio) of 0.0323, which denotes the company had a 0.0323% return per unit of risk over the last 3 months. We have found thirty technical indicators for FIC Global, which you can use to evaluate the volatility of the firm. Please confirm FIC Global's Downside Deviation of 2.37, coefficient of variation of 2712.39, and Market Risk Adjusted Performance of 0.0908 to check if the risk estimate we provide is consistent with the expected return of 0.0974%. FIC Global has a performance score of 2 on a scale of 0 to 100. The firm owns a Beta (Systematic Risk) of 1.23, which means a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, FIC Global will likely underperform. FIC Global at this time owns a risk of 3.02%. Please confirm FIC Global downside deviation, standard deviation, and the relationship between the semi deviation and coefficient of variation , to decide if FIC Global will be following its current price history.
Auto-correlation | -0.53 |
Good reverse predictability
FIC Global has good reverse predictability. Overlapping area represents the amount of predictability between FIC Global time series from 5th of December 2022 to 30th of November 2023 and 30th of November 2023 to 24th 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 FIC Global price movement. The serial correlation of -0.53 indicates that about 53.0% of current FIC Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.53 | |
| Spearman Rank Test | -0.66 | |
| Residual Average | 0.0 | |
| Price Variance | 75.61 |
FIC Global lagged returns against current returns
Autocorrelation, which is FIC Global 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 FIC Global's stock expected returns. We can calculate the autocorrelation of FIC Global returns to help us make a trade decision. For example, suppose you find that FIC Global 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 |
FIC Global 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 FIC Global stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if FIC Global stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in FIC Global stock over time.
Current vs Lagged Prices |
| Timeline |
FIC Global Lagged Returns
When evaluating FIC Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of FIC Global stock have on its future price. FIC Global 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, FIC Global autocorrelation shows the relationship between FIC Global stock current value and its past values and can show if there is a momentum factor associated with investing in FIC Global.
Regressed Prices |
| Timeline |
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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 FIC Stock Analysis
When running FIC Global's price analysis, check to measure FIC Global'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 FIC Global is operating at the current time. Most of FIC Global's value examination focuses on studying past and present price action to predict the probability of FIC Global's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move FIC Global's price. Additionally, you may evaluate how the addition of FIC Global to your portfolios can decrease your overall portfolio volatility.