Fletcher Building Ltd Stock Market Value
| FCREY Stock | USD 3.43 0.14 4.26% |
| Symbol | Fletcher |
Fletcher Building '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 Fletcher Building's pink sheet 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 Fletcher Building.
| 09/12/2024 |
| 12/11/2024 |
If you would invest 0.00 in Fletcher Building on September 12, 2024 and sell it all today you would earn a total of 0.00 from holding Fletcher Building Ltd or generate 0.0% return on investment in Fletcher Building over 90 days. Fletcher Building is related to or competes with Cementos Pacasmayo, Summit Materials, Eagle Materials, CRH PLC, and Martin Marietta. Fletcher Building Limited, together with its subsidiaries, manufactures and distributes building products in New Zealand... More
Fletcher Building 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 Fletcher Building's pink sheet 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 Fletcher Building Ltd upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 47.79 | |||
| Value At Risk | (6.97) | |||
| Potential Upside | 4.26 |
Fletcher Building Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fletcher Building's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fletcher Building's standard deviation. In reality, there are many statistical measures that can use Fletcher Building historical prices to predict the future Fletcher Building's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.17) | |||
| Total Risk Alpha | (1.02) | |||
| Treynor Ratio | (0.37) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Fletcher Building'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.
Fletcher Building Backtested Returns
Fletcher Building secures Sharpe Ratio (or Efficiency) of -0.0217, which denotes the company had a -0.0217% return per unit of risk over the last 3 months. Fletcher Building Ltd exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Fletcher Building's Variance of 31.18, mean deviation of 2.09, and Standard Deviation of 5.58 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.35, which means possible diversification benefits within a given portfolio. As returns on the market increase, Fletcher Building's returns are expected to increase less than the market. However, during the bear market, the loss of holding Fletcher Building is expected to be smaller as well. At this point, Fletcher Building has a negative expected return of -0.12%. Please make sure to confirm Fletcher Building's mean deviation, treynor ratio, as well as the relationship between the Treynor Ratio and rate of daily change , to decide if Fletcher Building performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.35 |
Below average predictability
Fletcher Building Ltd has below average predictability. Overlapping area represents the amount of predictability between Fletcher Building time series from 12th of September 2024 to 27th of October 2024 and 27th of October 2024 to 11th of December 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 Fletcher Building price movement. The serial correlation of 0.35 indicates that nearly 35.0% of current Fletcher Building price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.35 | |
| Spearman Rank Test | 0.39 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Fletcher Building lagged returns against current returns
Autocorrelation, which is Fletcher Building pink sheet'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 Fletcher Building's pink sheet expected returns. We can calculate the autocorrelation of Fletcher Building returns to help us make a trade decision. For example, suppose you find that Fletcher Building has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Fletcher Building 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 Fletcher Building pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fletcher Building pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Fletcher Building pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Fletcher Building Lagged Returns
When evaluating Fletcher Building's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fletcher Building pink sheet have on its future price. Fletcher Building 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, Fletcher Building autocorrelation shows the relationship between Fletcher Building pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Fletcher Building Ltd.
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 Fletcher Pink Sheet Analysis
When running Fletcher Building's price analysis, check to measure Fletcher Building'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 Fletcher Building is operating at the current time. Most of Fletcher Building's value examination focuses on studying past and present price action to predict the probability of Fletcher Building's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Fletcher Building's price. Additionally, you may evaluate how the addition of Fletcher Building to your portfolios can decrease your overall portfolio volatility.