Fomento De (Spain) Market Value
| FCC Stock | EUR 9.18 0.05 0.55% |
| Symbol | Fomento |
Fomento De '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 Fomento De'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 Fomento De.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Fomento De on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Fomento de Construcciones or generate 0.0% return on investment in Fomento De over 30 days. Fomento De is related to or competes with Ferrovial, ACS Actividades, Acciona, Indra A, and Acerinox. Fomento de Construcciones y Contratas, S.A., together with its subsidiaries, engages in the environmental services, wate... More
Fomento De 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 Fomento De'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 Fomento de Construcciones upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 8.76 | |||
| Value At Risk | (2.13) | |||
| Potential Upside | 1.73 |
Fomento De Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fomento De's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fomento De's standard deviation. In reality, there are many statistical measures that can use Fomento De historical prices to predict the future Fomento De's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.23) | |||
| Treynor Ratio | (0.08) |
Fomento de Construcciones Backtested Returns
Fomento de Construcciones secures Sharpe Ratio (or Efficiency) of -0.0241, which denotes the company had a -0.0241% return per unit of risk over the last 3 months. Fomento de Construcciones exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Fomento De's Mean Deviation of 0.9713, standard deviation of 1.35, and Variance of 1.81 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.32, which means possible diversification benefits within a given portfolio. As returns on the market increase, Fomento De's returns are expected to increase less than the market. However, during the bear market, the loss of holding Fomento De is expected to be smaller as well. At this point, Fomento de Construcciones has a negative expected return of -0.0324%. Please make sure to confirm Fomento De's treynor ratio, skewness, rate of daily change, as well as the relationship between the value at risk and accumulation distribution , to decide if Fomento de Construcciones performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.58 |
Good reverse predictability
Fomento de Construcciones has good reverse predictability. Overlapping area represents the amount of predictability between Fomento De 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 Fomento de Construcciones price movement. The serial correlation of -0.58 indicates that roughly 58.0% of current Fomento De price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.58 | |
| Spearman Rank Test | -0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Fomento de Construcciones lagged returns against current returns
Autocorrelation, which is Fomento De 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 Fomento De's stock expected returns. We can calculate the autocorrelation of Fomento De returns to help us make a trade decision. For example, suppose you find that Fomento De 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 |
Fomento De 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 Fomento De stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fomento De stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Fomento De stock over time.
Current vs Lagged Prices |
| Timeline |
Fomento De Lagged Returns
When evaluating Fomento De's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fomento De stock have on its future price. Fomento De 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, Fomento De autocorrelation shows the relationship between Fomento De stock current value and its past values and can show if there is a momentum factor associated with investing in Fomento de Construcciones.
Regressed Prices |
| Timeline |
Also Currently Popular
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.Other Information on Investing in Fomento Stock
Fomento De financial ratios help investors to determine whether Fomento 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 Fomento with respect to the benefits of owning Fomento De security.