Friendable Stock Market Value
| FDBL Stock | USD 0.0001 0.00 0.00% |
| Symbol | Friendable |
Friendable '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 Friendable'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 Friendable.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Friendable on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Friendable or generate 0.0% return on investment in Friendable over 30 days. Friendable is related to or competes with HUMANA, SCOR PK, Barloworld, Morningstar Unconstrained, High-yield Municipal, Thrivent High, and SPACE. Friendable, Inc., a mobile-focused technology and marketing company, connects and engages users through applications More
Friendable 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 Friendable'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 Friendable upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0454 | |||
| Maximum Drawdown | 150.0 |
Friendable Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Friendable's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Friendable's standard deviation. In reality, there are many statistical measures that can use Friendable historical prices to predict the future Friendable's volatility.| Risk Adjusted Performance | 0.0513 | |||
| Jensen Alpha | 0.5918 | |||
| Total Risk Alpha | (1.40) | |||
| Treynor Ratio | 0.5695 |
Friendable Backtested Returns
Friendable appears to be out of control, given 3 months investment horizon. Friendable secures Sharpe Ratio (or Efficiency) of 0.056, which denotes the company had a 0.056% return per unit of risk over the last 3 months. By reviewing Friendable's technical indicators, you can evaluate if the expected return of 0.79% is justified by implied risk. Please utilize Friendable's Variance of 191.72, standard deviation of 13.85, and Mean Deviation of 3.01 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Friendable holds a performance score of 4. The firm shows a Beta (market volatility) of 1.31, which means a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Friendable will likely underperform. Please check Friendable's information ratio, as well as the relationship between the skewness and day median price , to make a quick decision on whether Friendable's price patterns will revert.
Auto-correlation | 0.00 |
No correlation between past and present
Friendable has no correlation between past and present. Overlapping area represents the amount of predictability between Friendable time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 Friendable price movement. The serial correlation of 0.0 indicates that just 0.0% of current Friendable price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Friendable lagged returns against current returns
Autocorrelation, which is Friendable 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 Friendable's pink sheet expected returns. We can calculate the autocorrelation of Friendable returns to help us make a trade decision. For example, suppose you find that Friendable 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 |
Friendable 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 Friendable pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Friendable pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Friendable pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Friendable Lagged Returns
When evaluating Friendable's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Friendable pink sheet have on its future price. Friendable 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, Friendable autocorrelation shows the relationship between Friendable pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Friendable.
Regressed Prices |
| Timeline |
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Try AI Portfolio ArchitectOther Information on Investing in Friendable Pink Sheet
Friendable financial ratios help investors to determine whether Friendable Pink Sheet 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 Friendable with respect to the benefits of owning Friendable security.