Fluidra (Spain) Market Value
| FDR Stock | EUR 24.72 0.04 0.16% |
| Symbol | Fluidra |
Fluidra '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 Fluidra'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 Fluidra.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in Fluidra on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding Fluidra or generate 0.0% return on investment in Fluidra over 720 days. Fluidra is related to or competes with Laboratorios Farmaceuticos, Solaria Energa, Grifols SA, CIE Automotive, and Cellnex Telecom. Fluidra, S.A., together with its subsidiaries, operates in the pool and wellness equipment business More
Fluidra 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 Fluidra'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 Fluidra upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.56 | |||
| Information Ratio | 0.0404 | |||
| Maximum Drawdown | 12.62 | |||
| Value At Risk | (2.17) | |||
| Potential Upside | 3.55 |
Fluidra Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fluidra's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fluidra's standard deviation. In reality, there are many statistical measures that can use Fluidra historical prices to predict the future Fluidra's volatility.| Risk Adjusted Performance | 0.091 | |||
| Jensen Alpha | 0.2341 | |||
| Total Risk Alpha | (0.12) | |||
| Sortino Ratio | 0.0504 | |||
| Treynor Ratio | (0.95) |
Fluidra Backtested Returns
Fluidra appears to be very steady, given 3 months investment horizon. Fluidra secures Sharpe Ratio (or Efficiency) of 0.11, which denotes the company had a 0.11% return per unit of risk over the last 3 months. We have found thirty technical indicators for Fluidra, which you can use to evaluate the volatility of the firm. Please utilize Fluidra's Downside Deviation of 1.56, coefficient of variation of 899.76, and Mean Deviation of 1.43 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Fluidra holds a performance score of 8. The firm shows a Beta (market volatility) of -0.22, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Fluidra are expected to decrease at a much lower rate. During the bear market, Fluidra is likely to outperform the market. Please check Fluidra's treynor ratio, downside variance, kurtosis, as well as the relationship between the value at risk and expected short fall , to make a quick decision on whether Fluidra's price patterns will revert.
Auto-correlation | 0.43 |
Average predictability
Fluidra has average predictability. Overlapping area represents the amount of predictability between Fluidra time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 to 2nd 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 Fluidra price movement. The serial correlation of 0.43 indicates that just about 43.0% of current Fluidra price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.43 | |
| Spearman Rank Test | 0.54 | |
| Residual Average | 0.0 | |
| Price Variance | 3.23 |
Fluidra lagged returns against current returns
Autocorrelation, which is Fluidra 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 Fluidra's stock expected returns. We can calculate the autocorrelation of Fluidra returns to help us make a trade decision. For example, suppose you find that Fluidra 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 |
Fluidra 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 Fluidra stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fluidra stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Fluidra stock over time.
Current vs Lagged Prices |
| Timeline |
Fluidra Lagged Returns
When evaluating Fluidra's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fluidra stock have on its future price. Fluidra 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, Fluidra autocorrelation shows the relationship between Fluidra stock current value and its past values and can show if there is a momentum factor associated with investing in Fluidra.
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.Other Information on Investing in Fluidra Stock
Fluidra financial ratios help investors to determine whether Fluidra 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 Fluidra with respect to the benefits of owning Fluidra security.