Fiem Industries (India) Market Value
| FIEMIND Stock | 1,527 3.00 0.20% |
| Symbol | Fiem |
Fiem Industries '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 Fiem Industries' 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 Fiem Industries.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Fiem Industries on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Fiem Industries Limited or generate 0.0% return on investment in Fiem Industries over 30 days. Fiem Industries is related to or competes with Nucleus Software, Kingfa Science, California Software, Home First, FCS Software, Sasken Technologies, and Mtar Technologies. Fiem Industries is entity of India. It is traded as Stock on NSE exchange. More
Fiem Industries 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 Fiem Industries' 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 Fiem Industries Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 10.57 | |||
| Value At Risk | (3.81) | |||
| Potential Upside | 3.09 |
Fiem Industries Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fiem Industries' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fiem Industries' standard deviation. In reality, there are many statistical measures that can use Fiem Industries historical prices to predict the future Fiem Industries' volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.10) | |||
| Total Risk Alpha | (0.37) | |||
| Treynor Ratio | (0.11) |
Fiem Industries Backtested Returns
At this point, Fiem Industries is very steady. Fiem Industries secures Sharpe Ratio (or Efficiency) of 0.0055, which denotes the company had a 0.0055% return per unit of risk over the last 3 months. We have found twenty-four technical indicators for Fiem Industries Limited, which you can use to evaluate the volatility of the firm. Please confirm Fiem Industries' Standard Deviation of 2.13, variance of 4.54, and Mean Deviation of 1.61 to check if the risk estimate we provide is consistent with the expected return of 0.0118%. The firm shows a Beta (market volatility) of 0.47, which means possible diversification benefits within a given portfolio. As returns on the market increase, Fiem Industries' returns are expected to increase less than the market. However, during the bear market, the loss of holding Fiem Industries is expected to be smaller as well. Fiem Industries right now shows a risk of 2.16%. Please confirm Fiem Industries potential upside, and the relationship between the total risk alpha and daily balance of power , to decide if Fiem Industries will be following its price patterns.
Auto-correlation | -0.38 |
Poor reverse predictability
Fiem Industries Limited has poor reverse predictability. Overlapping area represents the amount of predictability between Fiem Industries time series from 30th of October 2024 to 14th of November 2024 and 14th of November 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 Fiem Industries price movement. The serial correlation of -0.38 indicates that just about 38.0% of current Fiem Industries price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.38 | |
| Spearman Rank Test | -0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 352.0 |
Fiem Industries lagged returns against current returns
Autocorrelation, which is Fiem Industries 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 Fiem Industries' stock expected returns. We can calculate the autocorrelation of Fiem Industries returns to help us make a trade decision. For example, suppose you find that Fiem Industries 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 |
Fiem Industries 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 Fiem Industries stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fiem Industries stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Fiem Industries stock over time.
Current vs Lagged Prices |
| Timeline |
Fiem Industries Lagged Returns
When evaluating Fiem Industries' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fiem Industries stock have on its future price. Fiem Industries 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, Fiem Industries autocorrelation shows the relationship between Fiem Industries stock current value and its past values and can show if there is a momentum factor associated with investing in Fiem Industries Limited.
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 Fiem Stock
Fiem Industries financial ratios help investors to determine whether Fiem 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 Fiem with respect to the benefits of owning Fiem Industries security.