Sichuan Furong's market value is the price at which a share of Sichuan Furong trades on a public exchange. It measures the collective expectations of Sichuan Furong Technology investors about its performance. Sichuan Furong is trading at 11.25 as of the 13th of January 2025, a 3.1 percent decrease since the beginning of the trading day. The stock's open price was 11.61. With this module, you can estimate the performance of a buy and hold strategy of Sichuan Furong Technology and determine expected loss or profit from investing in Sichuan Furong over a given investment horizon. Check out Sichuan Furong Correlation, Sichuan Furong Volatility and Sichuan Furong Alpha and Beta module to complement your research on Sichuan Furong.
Please note, there is a significant difference between Sichuan Furong's value and its price as these two are different measures arrived at by different means. Investors typically determine if Sichuan Furong is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sichuan Furong'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.
Sichuan Furong '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 Sichuan Furong'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 Sichuan Furong.
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Sichuan Furong'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 Sichuan Furong Technology 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 Sichuan Furong's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sichuan Furong's standard deviation. In reality, there are many statistical measures that can use Sichuan Furong historical prices to predict the future Sichuan Furong's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Sichuan Furong. Your research has to be compared to or analyzed against Sichuan Furong's peers to derive any actionable benefits. When done correctly, Sichuan Furong's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Sichuan Furong Technology.
Sichuan Furong Technology Backtested Returns
Sichuan Furong Technology owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0481, which indicates the firm had a -0.0481% return per unit of risk over the last 3 months. Sichuan Furong Technology exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Sichuan Furong's Risk Adjusted Performance of (0.03), coefficient of variation of (2,354), and Variance of 11.02 to confirm the risk estimate we provide. The entity has a beta of 0.85, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Sichuan Furong's returns are expected to increase less than the market. However, during the bear market, the loss of holding Sichuan Furong is expected to be smaller as well. At this point, Sichuan Furong Technology has a negative expected return of -0.15%. Please make sure to validate Sichuan Furong's mean deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Sichuan Furong Technology performance from the past will be repeated at some point in the near future.
Auto-correlation
0.18
Very weak predictability
Sichuan Furong Technology has very weak predictability. Overlapping area represents the amount of predictability between Sichuan Furong time series from 14th of December 2024 to 29th of December 2024 and 29th of December 2024 to 13th 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 Sichuan Furong Technology price movement. The serial correlation of 0.18 indicates that over 18.0% of current Sichuan Furong price fluctuation can be explain by its past prices.
Correlation Coefficient
0.18
Spearman Rank Test
0.27
Residual Average
0.0
Price Variance
0.19
Sichuan Furong Technology lagged returns against current returns
Autocorrelation, which is Sichuan Furong 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 Sichuan Furong's stock expected returns. We can calculate the autocorrelation of Sichuan Furong returns to help us make a trade decision. For example, suppose you find that Sichuan Furong 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
Sichuan Furong 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 Sichuan Furong stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sichuan Furong stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sichuan Furong stock over time.
Current vs Lagged Prices
Timeline
Sichuan Furong Lagged Returns
When evaluating Sichuan Furong's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sichuan Furong stock have on its future price. Sichuan Furong 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, Sichuan Furong autocorrelation shows the relationship between Sichuan Furong stock current value and its past values and can show if there is a momentum factor associated with investing in Sichuan Furong Technology.
Sichuan Furong financial ratios help investors to determine whether Sichuan 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 Sichuan with respect to the benefits of owning Sichuan Furong security.