Fuyao Glass (China) Market Value
| 600660 Stock | 56.01 1.12 1.96% |
| 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.
| 12/06/2022 |
| 11/25/2024 |
If you would invest 0.00 in Fuyao Glass on December 6, 2022 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 720 days. Fuyao Glass is related to or competes with Sinosteel Engineering, Chongqing Brewery, CICT Mobile, Runjian Communication, Jiangsu Financial, Shenzhen Kexin, and Jiangxi JDL. Fuyao Glass is entity of China. It is traded as Stock on SHG exchange. 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 | 1.65 | |||
| Information Ratio | 0.1156 | |||
| Maximum Drawdown | 10.68 | |||
| Value At Risk | (2.37) | |||
| Potential Upside | 3.11 |
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 | 0.1504 | |||
| Jensen Alpha | 0.382 | |||
| Total Risk Alpha | 0.0457 | |||
| Sortino Ratio | 0.1258 | |||
| Treynor Ratio | (0.73) |
Fuyao Glass Industry Backtested Returns
Fuyao Glass appears to be very steady, given 3 months investment horizon. Fuyao Glass Industry secures Sharpe Ratio (or Efficiency) of 0.17, which denotes the company had a 0.17% return per unit of risk over the last 3 months. We have found thirty technical indicators for Fuyao Glass Industry, which you can use to evaluate the volatility of the firm. Please utilize Fuyao Glass' Mean Deviation of 1.29, downside deviation of 1.65, and Coefficient Of Variation of 530.18 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 13. The firm shows a Beta (market volatility) of -0.45, which means possible diversification benefits within a given portfolio. 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 | 0.33 |
Below average predictability
Fuyao Glass Industry has below average predictability. Overlapping area represents the amount of predictability between Fuyao Glass time series from 6th of December 2022 to 1st of December 2023 and 1st of December 2023 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 0.33 indicates that nearly 33.0% of current Fuyao Glass price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.33 | |
| Spearman Rank Test | 0.44 | |
| Residual Average | 0.0 | |
| Price Variance | 39.31 |
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.