Finning International's market value is the price at which a share of Finning International trades on a public exchange. It measures the collective expectations of Finning International investors about its performance. Finning International is trading at 25.72 as of the 1st of February 2025. This is a 2.06% down since the beginning of the trading day. The stock's lowest day price was 25.72. With this module, you can estimate the performance of a buy and hold strategy of Finning International and determine expected loss or profit from investing in Finning International over a given investment horizon. Check out Finning International Correlation, Finning International Volatility and Finning International Alpha and Beta module to complement your research on Finning International.
Please note, there is a significant difference between Finning International's value and its price as these two are different measures arrived at by different means. Investors typically determine if Finning International is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Finning International's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
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.
0.00
08/05/2024
No Change 0.00
0.0
In 5 months and 30 days
02/01/2025
0.00
If you would invest 0.00 in Finning International on August 5, 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 180 days. Finning International is related to or competes with Toromont Industries, Doman Building, DXP Enterprises, Applied Industrial, Ferguson Plc, Global Industrial, and MSC Industrial. 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.
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.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Finning International. Your research has to be compared to or analyzed against Finning International's peers to derive any actionable benefits. When done correctly, Finning International's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Finning International.
Finning International Backtested Returns
Finning International 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. Finning International exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Finning International's Variance of 2.77, mean deviation of 1.06, and Standard Deviation of 1.67 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.33, which means possible diversification benefits within a given portfolio. 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. At this point, Finning International has a negative expected return of -0.24%. Please make sure to confirm Finning International's skewness, and the relationship between the total risk alpha and rate of daily change , to decide if Finning International performance from the past will be repeated at some point in the near future.
Auto-correlation
-0.76
Almost perfect reverse predictability
Finning International has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Finning International time series from 5th of August 2024 to 3rd of November 2024 and 3rd of November 2024 to 1st of February 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 Finning International price movement. The serial correlation of -0.76 indicates that around 76.0% of current Finning International price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.76
Spearman Rank Test
-0.61
Residual Average
0.0
Price Variance
1.58
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.
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.