FuelCell Energy (Germany) Market Value
| FEY2 Stock | EUR 12.66 0.44 3.60% |
| Symbol | FuelCell |
FuelCell Energy '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 FuelCell Energy'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 FuelCell Energy.
| 01/21/2023 |
| 01/10/2025 |
If you would invest 0.00 in FuelCell Energy on January 21, 2023 and sell it all today you would earn a total of 0.00 from holding FuelCell Energy or generate 0.0% return on investment in FuelCell Energy over 720 days. FuelCell Energy is related to or competes with Delta Electronics, Superior Plus, NMI Holdings, SIVERS SEMICONDUCTORS, Talanx AG, NorAm Drilling, and Identiv. FuelCell Energy, Inc., together with its subsidiaries, designs, manufactures, sells, installs, operates, and services st... More
FuelCell Energy 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 FuelCell Energy'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 FuelCell Energy upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 7.78 | |||
| Information Ratio | 0.0764 | |||
| Maximum Drawdown | 49.92 | |||
| Value At Risk | (15.01) | |||
| Potential Upside | 19.86 |
FuelCell Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for FuelCell Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as FuelCell Energy's standard deviation. In reality, there are many statistical measures that can use FuelCell Energy historical prices to predict the future FuelCell Energy's volatility.| Risk Adjusted Performance | 0.0723 | |||
| Jensen Alpha | 0.8021 | |||
| Total Risk Alpha | 0.5663 | |||
| Sortino Ratio | 0.099 | |||
| Treynor Ratio | (0.96) |
FuelCell Energy Backtested Returns
FuelCell Energy appears to be unstable, given 3 months investment horizon. FuelCell Energy secures Sharpe Ratio (or Efficiency) of 0.0934, which denotes the company had a 0.0934% return per unit of risk over the last 3 months. By reviewing FuelCell Energy's technical indicators, you can evaluate if the expected return of 0.99% is justified by implied risk. Please utilize FuelCell Energy's Mean Deviation of 7.11, coefficient of variation of 1263.04, and Downside Deviation of 7.78 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, FuelCell Energy holds a performance score of 7. The firm shows a Beta (market volatility) of -0.82, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning FuelCell Energy are expected to decrease at a much lower rate. During the bear market, FuelCell Energy is likely to outperform the market. Please check FuelCell Energy's semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and standard deviation , to make a quick decision on whether FuelCell Energy's price patterns will revert.
Auto-correlation | 0.92 |
Excellent predictability
FuelCell Energy has excellent predictability. Overlapping area represents the amount of predictability between FuelCell Energy time series from 21st of January 2023 to 16th of January 2024 and 16th of January 2024 to 10th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of FuelCell Energy price movement. The serial correlation of 0.92 indicates that approximately 92.0% of current FuelCell Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.92 | |
| Spearman Rank Test | 0.88 | |
| Residual Average | 0.0 | |
| Price Variance | 92.54 |
FuelCell Energy lagged returns against current returns
Autocorrelation, which is FuelCell Energy 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 FuelCell Energy's stock expected returns. We can calculate the autocorrelation of FuelCell Energy returns to help us make a trade decision. For example, suppose you find that FuelCell Energy 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 |
FuelCell Energy 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 FuelCell Energy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if FuelCell Energy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in FuelCell Energy stock over time.
Current vs Lagged Prices |
| Timeline |
FuelCell Energy Lagged Returns
When evaluating FuelCell Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of FuelCell Energy stock have on its future price. FuelCell Energy 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, FuelCell Energy autocorrelation shows the relationship between FuelCell Energy stock current value and its past values and can show if there is a momentum factor associated with investing in FuelCell Energy.
Regressed Prices |
| Timeline |
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Additional Information and Resources on Investing in FuelCell Stock
When determining whether FuelCell Energy is a strong investment it is important to analyze FuelCell Energy's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact FuelCell Energy's future performance. For an informed investment choice regarding FuelCell Stock, refer to the following important reports:Check out FuelCell Energy Correlation, FuelCell Energy Volatility and FuelCell Energy Alpha and Beta module to complement your research on FuelCell Energy. For more detail on how to invest in FuelCell Stock please use our How to Invest in FuelCell Energy guide.You can also try the USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.
FuelCell Energy technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.