FORMPIPE SOFTWARE (Germany) Market Value
| F3J Stock | 2.12 0.03 1.40% |
| Symbol | FORMPIPE |
FORMPIPE SOFTWARE '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 FORMPIPE SOFTWARE'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 FORMPIPE SOFTWARE.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in FORMPIPE SOFTWARE on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding FORMPIPE SOFTWARE AB or generate 0.0% return on investment in FORMPIPE SOFTWARE over 30 days. FORMPIPE SOFTWARE is related to or competes with Sunny Optical, Axcelis Technologies, PKSHA TECHNOLOGY, Park Hotels, and ASPEN TECHINC. More
FORMPIPE SOFTWARE 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 FORMPIPE SOFTWARE'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 FORMPIPE SOFTWARE AB upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.63 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 15.37 | |||
| Value At Risk | (2.94) | |||
| Potential Upside | 3.48 |
FORMPIPE SOFTWARE Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for FORMPIPE SOFTWARE's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as FORMPIPE SOFTWARE's standard deviation. In reality, there are many statistical measures that can use FORMPIPE SOFTWARE historical prices to predict the future FORMPIPE SOFTWARE's volatility.| Risk Adjusted Performance | 0.0358 | |||
| Jensen Alpha | 0.0651 | |||
| Total Risk Alpha | (0.31) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.4731 |
FORMPIPE SOFTWARE Backtested Returns
At this point, FORMPIPE SOFTWARE is risky. FORMPIPE SOFTWARE secures Sharpe Ratio (or Efficiency) of 0.0382, which denotes the company had a 0.0382% return per unit of volatility over the last 3 months. We have found twenty-seven technical indicators for FORMPIPE SOFTWARE AB, which you can use to evaluate the volatility of the firm. Please confirm FORMPIPE SOFTWARE's Market Risk Adjusted Performance of 0.4831, mean deviation of 1.59, and Downside Deviation of 1.63 to check if the risk estimate we provide is consistent with the expected return of 0.0998%. FORMPIPE SOFTWARE has a performance score of 3 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.18, which means not very significant fluctuations relative to the market. As returns on the market increase, FORMPIPE SOFTWARE's returns are expected to increase less than the market. However, during the bear market, the loss of holding FORMPIPE SOFTWARE is expected to be smaller as well. FORMPIPE SOFTWARE currently shows a risk of 2.61%. Please confirm FORMPIPE SOFTWARE total risk alpha, treynor ratio, value at risk, as well as the relationship between the sortino ratio and maximum drawdown , to decide if FORMPIPE SOFTWARE will be following its price patterns.
Auto-correlation | 0.58 |
Modest predictability
FORMPIPE SOFTWARE AB has modest predictability. Overlapping area represents the amount of predictability between FORMPIPE SOFTWARE time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 FORMPIPE SOFTWARE price movement. The serial correlation of 0.58 indicates that roughly 58.0% of current FORMPIPE SOFTWARE price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.58 | |
| Spearman Rank Test | -0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
FORMPIPE SOFTWARE lagged returns against current returns
Autocorrelation, which is FORMPIPE SOFTWARE 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 FORMPIPE SOFTWARE's stock expected returns. We can calculate the autocorrelation of FORMPIPE SOFTWARE returns to help us make a trade decision. For example, suppose you find that FORMPIPE SOFTWARE 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 |
FORMPIPE SOFTWARE 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 FORMPIPE SOFTWARE stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if FORMPIPE SOFTWARE stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in FORMPIPE SOFTWARE stock over time.
Current vs Lagged Prices |
| Timeline |
FORMPIPE SOFTWARE Lagged Returns
When evaluating FORMPIPE SOFTWARE's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of FORMPIPE SOFTWARE stock have on its future price. FORMPIPE SOFTWARE 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, FORMPIPE SOFTWARE autocorrelation shows the relationship between FORMPIPE SOFTWARE stock current value and its past values and can show if there is a momentum factor associated with investing in FORMPIPE SOFTWARE AB.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in FORMPIPE Stock
FORMPIPE SOFTWARE financial ratios help investors to determine whether FORMPIPE 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 FORMPIPE with respect to the benefits of owning FORMPIPE SOFTWARE security.