Fusheng Precision (Taiwan) Market Value
| 6670 Stock | 312.00 3.50 1.13% |
| Symbol | Fusheng |
Fusheng Precision '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 Fusheng Precision'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 Fusheng Precision.
| 10/25/2024 |
| 11/24/2024 |
If you would invest 0.00 in Fusheng Precision on October 25, 2024 and sell it all today you would earn a total of 0.00 from holding Fusheng Precision Co or generate 0.0% return on investment in Fusheng Precision over 30 days. Fusheng Precision is related to or competes with Giant Manufacturing, Johnson Health, Sports Gear, and Power Wind. More
Fusheng Precision 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 Fusheng Precision'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 Fusheng Precision Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.83 | |||
| Information Ratio | 0.0141 | |||
| Maximum Drawdown | 10.83 | |||
| Value At Risk | (2.87) | |||
| Potential Upside | 3.38 |
Fusheng Precision Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fusheng Precision's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fusheng Precision's standard deviation. In reality, there are many statistical measures that can use Fusheng Precision historical prices to predict the future Fusheng Precision's volatility.| Risk Adjusted Performance | 0.0694 | |||
| Jensen Alpha | 0.1079 | |||
| Total Risk Alpha | (0.15) | |||
| Sortino Ratio | 0.0147 | |||
| Treynor Ratio | 0.4474 |
Fusheng Precision Backtested Returns
At this stage we consider Fusheng Stock to be very steady. Fusheng Precision secures Sharpe Ratio (or Efficiency) of 0.0927, which denotes the company had a 0.0927% return per unit of risk over the last 3 months. We have found thirty technical indicators for Fusheng Precision Co, which you can use to evaluate the volatility of the firm. Please confirm Fusheng Precision's Downside Deviation of 1.83, mean deviation of 1.38, and Coefficient Of Variation of 1209.1 to check if the risk estimate we provide is consistent with the expected return of 0.18%. Fusheng Precision has a performance score of 7 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.33, which means possible diversification benefits within a given portfolio. As returns on the market increase, Fusheng Precision's returns are expected to increase less than the market. However, during the bear market, the loss of holding Fusheng Precision is expected to be smaller as well. Fusheng Precision right now shows a risk of 1.93%. Please confirm Fusheng Precision total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to decide if Fusheng Precision will be following its price patterns.
Auto-correlation | 0.19 |
Very weak predictability
Fusheng Precision Co has very weak predictability. Overlapping area represents the amount of predictability between Fusheng Precision time series from 25th of October 2024 to 9th of November 2024 and 9th of November 2024 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 Fusheng Precision price movement. The serial correlation of 0.19 indicates that over 19.0% of current Fusheng Precision price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.19 | |
| Spearman Rank Test | 0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 85.06 |
Fusheng Precision lagged returns against current returns
Autocorrelation, which is Fusheng Precision 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 Fusheng Precision's stock expected returns. We can calculate the autocorrelation of Fusheng Precision returns to help us make a trade decision. For example, suppose you find that Fusheng Precision 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 |
Fusheng Precision 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 Fusheng Precision stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fusheng Precision stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Fusheng Precision stock over time.
Current vs Lagged Prices |
| Timeline |
Fusheng Precision Lagged Returns
When evaluating Fusheng Precision's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fusheng Precision stock have on its future price. Fusheng Precision 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, Fusheng Precision autocorrelation shows the relationship between Fusheng Precision stock current value and its past values and can show if there is a momentum factor associated with investing in Fusheng Precision Co.
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 Fusheng Stock Analysis
When running Fusheng Precision's price analysis, check to measure Fusheng Precision'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 Fusheng Precision is operating at the current time. Most of Fusheng Precision's value examination focuses on studying past and present price action to predict the probability of Fusheng Precision's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Fusheng Precision's price. Additionally, you may evaluate how the addition of Fusheng Precision to your portfolios can decrease your overall portfolio volatility.