Finning International Stock Market Value
| FINGF Stock | USD 28.33 0.19 0.68% |
| Symbol | Finning |
Finning International '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 Finning International's pink sheet 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 Finning International.
| 11/11/2024 |
| 12/11/2024 |
If you would invest 0.00 in Finning International on November 11, 2024 and sell it all today you would earn a total of 0.00 from holding Finning International or generate 0.0% return on investment in Finning International over 30 days. Finning International is related to or competes with HUMANA, Barloworld, Morningstar Unconstrained, Thrivent High, High Yield, Via Renewables, and CARPENTER. Finning International Inc. sells, services, and rents heavy equipment, and power and energy systems in Canada, Chile, th... More
Finning International 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 Finning International's pink sheet 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 Finning International upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.23 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 13.26 | |||
| Value At Risk | (2.34) | |||
| Potential Upside | 2.5 |
Finning International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Finning International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Finning International's standard deviation. In reality, there are many statistical measures that can use Finning International historical prices to predict the future Finning International's volatility.| Risk Adjusted Performance | 0.0309 | |||
| Jensen Alpha | 0.0436 | |||
| Total Risk Alpha | (0.23) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.7324 |
Finning International Backtested Returns
At this point, Finning International is very steady. Finning International secures Sharpe Ratio (or Efficiency) of 0.0284, which denotes the company had a 0.0284% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Finning International, which you can use to evaluate the volatility of the firm. Please confirm Finning International's Mean Deviation of 1.09, downside deviation of 2.23, and Coefficient Of Variation of 2898.17 to check if the risk estimate we provide is consistent with the expected return of 0.0504%. Finning International has a performance score of 2 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.0705, which means not very significant fluctuations relative to the market. As returns on the market increase, Finning International's returns are expected to increase less than the market. However, during the bear market, the loss of holding Finning International is expected to be smaller as well. Finning International right now shows a risk of 1.78%. Please confirm Finning International downside variance, rate of daily change, and the relationship between the maximum drawdown and skewness , to decide if Finning International will be following its price patterns.
Auto-correlation | -0.73 |
Almost perfect reverse predictability
Finning International has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Finning International time series from 11th of November 2024 to 26th of November 2024 and 26th of November 2024 to 11th 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 Finning International price movement. The serial correlation of -0.73 indicates that around 73.0% of current Finning International price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.73 | |
| Spearman Rank Test | -0.82 | |
| Residual Average | 0.0 | |
| Price Variance | 0.4 |
Finning International lagged returns against current returns
Autocorrelation, which is Finning International pink sheet'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 Finning International's pink sheet expected returns. We can calculate the autocorrelation of Finning International returns to help us make a trade decision. For example, suppose you find that Finning International has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Finning International 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 Finning International pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Finning International pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Finning International pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Finning International Lagged Returns
When evaluating Finning International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Finning International pink sheet have on its future price. Finning International 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, Finning International autocorrelation shows the relationship between Finning International pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Finning International.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Finning Pink Sheet
Finning International financial ratios help investors to determine whether Finning Pink Sheet 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 Finning with respect to the benefits of owning Finning International security.