Fuyao Glass (Germany) Market Value
| 4FG Stock | EUR 6.40 0.05 0.78% |
| Symbol | Fuyao |
Fuyao Glass '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 Fuyao Glass' 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 Fuyao Glass.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Fuyao Glass on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Fuyao Glass Industry or generate 0.0% return on investment in Fuyao Glass over 30 days. Fuyao Glass is related to or competes with Superior Plus, NMI Holdings, Origin Agritech, SIVERS SEMICONDUCTORS, Talanx AG, NorAm Drilling, and Identiv. Fuyao Glass Industry Group Co., Ltd., together with its subsidiaries, provides solutions of safety glass for various tra... More
Fuyao Glass 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 Fuyao Glass' 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 Fuyao Glass Industry upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.04 | |||
| Information Ratio | 0.1259 | |||
| Maximum Drawdown | 13.07 | |||
| Value At Risk | (1.63) | |||
| Potential Upside | 4.96 |
Fuyao Glass Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fuyao Glass' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fuyao Glass' standard deviation. In reality, there are many statistical measures that can use Fuyao Glass historical prices to predict the future Fuyao Glass' volatility.| Risk Adjusted Performance | 0.1492 | |||
| Jensen Alpha | 0.4119 | |||
| Total Risk Alpha | 0.0521 | |||
| Sortino Ratio | 0.1336 | |||
| Treynor Ratio | (2.65) |
Fuyao Glass Industry Backtested Returns
Fuyao Glass appears to be somewhat reliable, given 3 months investment horizon. Fuyao Glass Industry secures Sharpe Ratio (or Efficiency) of 0.18, which denotes the company had a 0.18% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Fuyao Glass Industry, which you can use to evaluate the volatility of the firm. Please utilize Fuyao Glass' Mean Deviation of 1.55, coefficient of variation of 537.28, and Downside Deviation of 2.04 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Fuyao Glass holds a performance score of 14. The firm shows a Beta (market volatility) of -0.15, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Fuyao Glass are expected to decrease at a much lower rate. During the bear market, Fuyao Glass is likely to outperform the market. Please check Fuyao Glass' treynor ratio, value at risk, and the relationship between the sortino ratio and maximum drawdown , to make a quick decision on whether Fuyao Glass' price patterns will revert.
Auto-correlation | 0.16 |
Very weak predictability
Fuyao Glass Industry has very weak predictability. Overlapping area represents the amount of predictability between Fuyao Glass time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 Fuyao Glass Industry price movement. The serial correlation of 0.16 indicates that over 16.0% of current Fuyao Glass price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.16 | |
| Spearman Rank Test | -0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Fuyao Glass Industry lagged returns against current returns
Autocorrelation, which is Fuyao Glass 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 Fuyao Glass' stock expected returns. We can calculate the autocorrelation of Fuyao Glass returns to help us make a trade decision. For example, suppose you find that Fuyao Glass 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 |
Fuyao Glass 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 Fuyao Glass stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fuyao Glass stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Fuyao Glass stock over time.
Current vs Lagged Prices |
| Timeline |
Fuyao Glass Lagged Returns
When evaluating Fuyao Glass' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fuyao Glass stock have on its future price. Fuyao Glass 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, Fuyao Glass autocorrelation shows the relationship between Fuyao Glass stock current value and its past values and can show if there is a momentum factor associated with investing in Fuyao Glass Industry.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Fuyao Stock
Fuyao Glass financial ratios help investors to determine whether Fuyao 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 Fuyao with respect to the benefits of owning Fuyao Glass security.