FBC HOLDINGS (Zimbabwe) Market Value
| FBC Stock | 1,200 0.99 0.08% |
| Symbol | FBC |
FBC HOLDINGS '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 FBC HOLDINGS'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 FBC HOLDINGS.
| 08/31/2024 |
| 11/29/2024 |
If you would invest 0.00 in FBC HOLDINGS on August 31, 2024 and sell it all today you would earn a total of 0.00 from holding FBC HOLDINGS LIMITED or generate 0.0% return on investment in FBC HOLDINGS over 90 days.
FBC HOLDINGS 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 FBC HOLDINGS'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 FBC HOLDINGS LIMITED upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.12 | |||
| Information Ratio | 0.234 | |||
| Maximum Drawdown | 28.04 | |||
| Value At Risk | (2.27) | |||
| Potential Upside | 15.0 |
FBC HOLDINGS Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for FBC HOLDINGS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as FBC HOLDINGS's standard deviation. In reality, there are many statistical measures that can use FBC HOLDINGS historical prices to predict the future FBC HOLDINGS's volatility.| Risk Adjusted Performance | 0.2065 | |||
| Jensen Alpha | 1.26 | |||
| Total Risk Alpha | 0.5455 | |||
| Sortino Ratio | 0.2925 | |||
| Treynor Ratio | 2.44 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of FBC HOLDINGS's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
FBC HOLDINGS LIMITED Backtested Returns
FBC HOLDINGS is very steady given 3 months investment horizon. FBC HOLDINGS LIMITED retains Efficiency (Sharpe Ratio) of 0.25, which denotes the company had a 0.25% return per unit of risk over the last 3 months. We were able to collect and analyze data for thirty different technical indicators, which can help you to evaluate if expected returns of 1.3% are justified by taking the suggested risk. Use FBC HOLDINGS LIMITED Coefficient Of Variation of 387.12, downside deviation of 4.12, and Market Risk Adjusted Performance of 2.45 to evaluate company specific risk that cannot be diversified away. FBC HOLDINGS holds a performance score of 19 on a scale of zero to a hundred. The firm owns a Beta (Systematic Risk) of 0.54, which means possible diversification benefits within a given portfolio. As returns on the market increase, FBC HOLDINGS's returns are expected to increase less than the market. However, during the bear market, the loss of holding FBC HOLDINGS is expected to be smaller as well. Use FBC HOLDINGS LIMITED potential upside, rate of daily change, and the relationship between the sortino ratio and skewness , to analyze future returns on FBC HOLDINGS LIMITED.
Auto-correlation | 0.91 |
Excellent predictability
FBC HOLDINGS LIMITED has excellent predictability. Overlapping area represents the amount of predictability between FBC HOLDINGS time series from 31st of August 2024 to 15th of October 2024 and 15th of October 2024 to 29th 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 FBC HOLDINGS LIMITED price movement. The serial correlation of 0.91 indicates that approximately 91.0% of current FBC HOLDINGS price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.91 | |
| Spearman Rank Test | 0.62 | |
| Residual Average | 0.0 | |
| Price Variance | 3191.68 |
FBC HOLDINGS LIMITED lagged returns against current returns
Autocorrelation, which is FBC HOLDINGS 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 FBC HOLDINGS's stock expected returns. We can calculate the autocorrelation of FBC HOLDINGS returns to help us make a trade decision. For example, suppose you find that FBC HOLDINGS 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 |
FBC HOLDINGS 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 FBC HOLDINGS stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if FBC HOLDINGS stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in FBC HOLDINGS stock over time.
Current vs Lagged Prices |
| Timeline |
FBC HOLDINGS Lagged Returns
When evaluating FBC HOLDINGS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of FBC HOLDINGS stock have on its future price. FBC HOLDINGS 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, FBC HOLDINGS autocorrelation shows the relationship between FBC HOLDINGS stock current value and its past values and can show if there is a momentum factor associated with investing in FBC HOLDINGS LIMITED.
Regressed Prices |
| Timeline |
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