Findev Inc Stock Market Value
| FDI Stock | CAD 0.46 0.01 2.22% |
| Symbol | Findev |
Findev '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 Findev'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 Findev.
| 12/08/2022 |
| 11/27/2024 |
If you would invest 0.00 in Findev on December 8, 2022 and sell it all today you would earn a total of 0.00 from holding Findev Inc or generate 0.0% return on investment in Findev over 720 days. Findev is related to or competes with Microsoft Corp, Apple, Alphabet, Amazon CDR, JPMorgan Chase, Berkshire Hathaway, and Bank of America. Findev Inc. provides real estate financing secured by investment properties and real estate developments More
Findev 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 Findev'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 Findev Inc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.51 | |||
| Information Ratio | 0.0314 | |||
| Maximum Drawdown | 9.64 | |||
| Value At Risk | (2.44) | |||
| Potential Upside | 4.88 |
Findev Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Findev's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Findev's standard deviation. In reality, there are many statistical measures that can use Findev historical prices to predict the future Findev's volatility.| Risk Adjusted Performance | 0.0787 | |||
| Jensen Alpha | 0.1316 | |||
| Total Risk Alpha | (0.14) | |||
| Sortino Ratio | 0.0184 | |||
| Treynor Ratio | 0.4156 |
Findev Inc Backtested Returns
Findev appears to be extremely dangerous, given 3 months investment horizon. Findev Inc secures Sharpe Ratio (or Efficiency) of 0.12, which denotes the company had a 0.12% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Findev Inc, which you can use to evaluate the volatility of the firm. Please utilize Findev's Coefficient Of Variation of 1055.62, mean deviation of 1.18, and Downside Deviation of 3.51 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Findev holds a performance score of 9. The firm shows a Beta (market volatility) of 0.45, which means possible diversification benefits within a given portfolio. As returns on the market increase, Findev's returns are expected to increase less than the market. However, during the bear market, the loss of holding Findev is expected to be smaller as well. Please check Findev's sortino ratio, skewness, relative strength index, as well as the relationship between the potential upside and day median price , to make a quick decision on whether Findev's price patterns will revert.
Auto-correlation | -0.42 |
Modest reverse predictability
Findev Inc has modest reverse predictability. Overlapping area represents the amount of predictability between Findev time series from 8th of December 2022 to 3rd of December 2023 and 3rd of December 2023 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 Findev Inc price movement. The serial correlation of -0.42 indicates that just about 42.0% of current Findev price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.42 | |
| Spearman Rank Test | -0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Findev Inc lagged returns against current returns
Autocorrelation, which is Findev 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 Findev's stock expected returns. We can calculate the autocorrelation of Findev returns to help us make a trade decision. For example, suppose you find that Findev 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 |
Findev 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 Findev stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Findev stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Findev stock over time.
Current vs Lagged Prices |
| Timeline |
Findev Lagged Returns
When evaluating Findev's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Findev stock have on its future price. Findev 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, Findev autocorrelation shows the relationship between Findev stock current value and its past values and can show if there is a momentum factor associated with investing in Findev Inc.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Findev Stock Analysis
When running Findev's price analysis, check to measure Findev'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 Findev is operating at the current time. Most of Findev's value examination focuses on studying past and present price action to predict the probability of Findev's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Findev's price. Additionally, you may evaluate how the addition of Findev to your portfolios can decrease your overall portfolio volatility.