Future Generation (Australia) Market Value
| FGG Stock | 1.39 0.01 0.71% |
| Symbol | Future |
Future Generation '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 Future Generation'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 Future Generation.
| 05/09/2023 |
| 11/29/2024 |
If you would invest 0.00 in Future Generation on May 9, 2023 and sell it all today you would earn a total of 0.00 from holding Future Generation Global or generate 0.0% return on investment in Future Generation over 570 days. Future Generation is related to or competes with Perseus Mining, Super Retail, and Bluescope Steel. Future Generation is entity of Australia More
Future Generation 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 Future Generation'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 Future Generation Global upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.4 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 3.71 | |||
| Value At Risk | (1.49) | |||
| Potential Upside | 1.49 |
Future Generation Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Future Generation's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Future Generation's standard deviation. In reality, there are many statistical measures that can use Future Generation historical prices to predict the future Future Generation's volatility.| Risk Adjusted Performance | 0.1051 | |||
| Jensen Alpha | 0.1111 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | (2.91) |
Future Generation Global Backtested Returns
Currently, Future Generation Global is moderately volatile. Future Generation Global secures Sharpe Ratio (or Efficiency) of 0.14, which denotes the company had a 0.14% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Future Generation Global, which you can use to evaluate the volatility of the firm. Please confirm Future Generation's Coefficient Of Variation of 736.62, downside deviation of 1.4, and Mean Deviation of 0.6334 to check if the risk estimate we provide is consistent with the expected return of 0.12%. Future Generation has a performance score of 10 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.0367, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Future Generation are expected to decrease at a much lower rate. During the bear market, Future Generation is likely to outperform the market. Future Generation Global right now shows a risk of 0.87%. Please confirm Future Generation Global treynor ratio, value at risk, and the relationship between the sortino ratio and maximum drawdown , to decide if Future Generation Global will be following its price patterns.
Auto-correlation | 0.82 |
Very good predictability
Future Generation Global has very good predictability. Overlapping area represents the amount of predictability between Future Generation time series from 9th of May 2023 to 18th of February 2024 and 18th of February 2024 to 29th 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 Future Generation Global price movement. The serial correlation of 0.82 indicates that around 82.0% of current Future Generation price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.82 | |
| Spearman Rank Test | 0.78 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Future Generation Global lagged returns against current returns
Autocorrelation, which is Future Generation 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 Future Generation's stock expected returns. We can calculate the autocorrelation of Future Generation returns to help us make a trade decision. For example, suppose you find that Future Generation 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 |
Future Generation 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 Future Generation stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Future Generation stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Future Generation stock over time.
Current vs Lagged Prices |
| Timeline |
Future Generation Lagged Returns
When evaluating Future Generation's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Future Generation stock have on its future price. Future Generation 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, Future Generation autocorrelation shows the relationship between Future Generation stock current value and its past values and can show if there is a momentum factor associated with investing in Future Generation Global.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Future Stock Analysis
When running Future Generation's price analysis, check to measure Future Generation'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 Future Generation is operating at the current time. Most of Future Generation's value examination focuses on studying past and present price action to predict the probability of Future Generation's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Future Generation's price. Additionally, you may evaluate how the addition of Future Generation to your portfolios can decrease your overall portfolio volatility.