FIT Holding's market value is the price at which a share of FIT Holding trades on a public exchange. It measures the collective expectations of FIT Holding Co investors about its performance. FIT Holding is selling for under 58.20 as of the 11th of January 2025; that is 1.69 percent decrease since the beginning of the trading day. The stock's lowest day price was 58.2. With this module, you can estimate the performance of a buy and hold strategy of FIT Holding Co and determine expected loss or profit from investing in FIT Holding over a given investment horizon. Check out FIT Holding Correlation, FIT Holding Volatility and FIT Holding Alpha and Beta module to complement your research on FIT Holding.
Please note, there is a significant difference between FIT Holding's value and its price as these two are different measures arrived at by different means. Investors typically determine if FIT Holding is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, FIT Holding's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
FIT Holding '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 FIT Holding'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 FIT Holding.
0.00
01/22/2023
No Change 0.00
0.0
In 1 year 11 months and 22 days
01/11/2025
0.00
If you would invest 0.00 in FIT Holding on January 22, 2023 and sell it all today you would earn a total of 0.00 from holding FIT Holding Co or generate 0.0% return on investment in FIT Holding over 720 days. FIT Holding is related to or competes with Gigastorage Corp, Shuttle, Yem Chio, Walton Advanced, and Darfon Electronics. FIT Holding Co., Ltd. operates in the optoelectronics, communications, and digital imaging industries More
FIT Holding 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 FIT Holding'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 FIT Holding Co upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for FIT Holding's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as FIT Holding's standard deviation. In reality, there are many statistical measures that can use FIT Holding historical prices to predict the future FIT Holding's volatility.
FIT Holding appears to be very steady, given 3 months investment horizon. FIT Holding secures Sharpe Ratio (or Efficiency) of 0.0788, which denotes the company had a 0.0788% return per unit of volatility over the last 3 months. We have found thirty technical indicators for FIT Holding Co, which you can use to evaluate the volatility of the firm. Please utilize FIT Holding's Market Risk Adjusted Performance of 0.5478, mean deviation of 1.86, and Downside Deviation of 2.14 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, FIT Holding holds a performance score of 6. 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, FIT Holding's returns are expected to increase less than the market. However, during the bear market, the loss of holding FIT Holding is expected to be smaller as well. Please check FIT Holding's total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether FIT Holding's price patterns will revert.
Auto-correlation
0.46
Average predictability
FIT Holding Co has average predictability. Overlapping area represents the amount of predictability between FIT Holding time series from 22nd of January 2023 to 17th of January 2024 and 17th of January 2024 to 11th 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 FIT Holding price movement. The serial correlation of 0.46 indicates that about 46.0% of current FIT Holding price fluctuation can be explain by its past prices.
Correlation Coefficient
0.46
Spearman Rank Test
0.25
Residual Average
0.0
Price Variance
68.25
FIT Holding lagged returns against current returns
Autocorrelation, which is FIT Holding 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 FIT Holding's stock expected returns. We can calculate the autocorrelation of FIT Holding returns to help us make a trade decision. For example, suppose you find that FIT Holding 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
FIT Holding 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 FIT Holding stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if FIT Holding stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in FIT Holding stock over time.
Current vs Lagged Prices
Timeline
FIT Holding Lagged Returns
When evaluating FIT Holding's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of FIT Holding stock have on its future price. FIT Holding 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, FIT Holding autocorrelation shows the relationship between FIT Holding stock current value and its past values and can show if there is a momentum factor associated with investing in FIT Holding 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.
When running FIT Holding's price analysis, check to measure FIT Holding'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 FIT Holding is operating at the current time. Most of FIT Holding's value examination focuses on studying past and present price action to predict the probability of FIT Holding's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move FIT Holding's price. Additionally, you may evaluate how the addition of FIT Holding to your portfolios can decrease your overall portfolio volatility.