First Tractor Co Stock Market Value
| FIRRY Stock | USD 12.35 0.00 0.00% |
| Symbol | First |
First Tractor '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 First Tractor'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 First Tractor.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in First Tractor on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding First Tractor Co or generate 0.0% return on investment in First Tractor over 720 days. First Tractor is related to or competes with KION GROUP, and Kion Group. First Tractor Company Limited engages in the research and development, manufacture, and sale of agricultural and power m... More
First Tractor 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 First Tractor'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 First Tractor Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.1174 | |||
| Maximum Drawdown | 194.75 |
First Tractor Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for First Tractor's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as First Tractor's standard deviation. In reality, there are many statistical measures that can use First Tractor historical prices to predict the future First Tractor's volatility.| Risk Adjusted Performance | 0.1038 | |||
| Jensen Alpha | 3.65 | |||
| Total Risk Alpha | (1.06) | |||
| Treynor Ratio | (0.53) |
First Tractor Backtested Returns
First Tractor is dangerous given 3 months investment horizon. First Tractor secures Sharpe Ratio (or Efficiency) of 0.13, which denotes the company had a 0.13% return per unit of risk over the last 3 months. We were able to interpolate data for sixteen different technical indicators, which can help you to evaluate if expected returns of 3.04% are justified by taking the suggested risk. Use First Tractor Standard Deviation of 23.97, mean deviation of 5.81, and Variance of 574.66 to evaluate company specific risk that cannot be diversified away. First Tractor holds a performance score of 9 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of -5.53, which means a somewhat significant risk relative to the market. As returns on the market increase, returns on owning First Tractor are expected to decrease by larger amounts. On the other hand, during market turmoil, First Tractor is expected to outperform it. Use First Tractor treynor ratio and day typical price , to analyze future returns on First Tractor.
Auto-correlation | -0.13 |
Insignificant reverse predictability
First Tractor Co has insignificant reverse predictability. Overlapping area represents the amount of predictability between First Tractor time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 to 2nd 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 First Tractor price movement. The serial correlation of -0.13 indicates that less than 13.0% of current First Tractor price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.13 | |
| Spearman Rank Test | 0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
First Tractor lagged returns against current returns
Autocorrelation, which is First Tractor 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 First Tractor's pink sheet expected returns. We can calculate the autocorrelation of First Tractor returns to help us make a trade decision. For example, suppose you find that First Tractor 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 |
First Tractor 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 First Tractor pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if First Tractor pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in First Tractor pink sheet over time.
Current vs Lagged Prices |
| Timeline |
First Tractor Lagged Returns
When evaluating First Tractor's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of First Tractor pink sheet have on its future price. First Tractor 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, First Tractor autocorrelation shows the relationship between First Tractor pink sheet current value and its past values and can show if there is a momentum factor associated with investing in First Tractor Co.
Regressed Prices |
| Timeline |
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When running First Tractor's price analysis, check to measure First Tractor'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 First Tractor is operating at the current time. Most of First Tractor's value examination focuses on studying past and present price action to predict the probability of First Tractor's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move First Tractor's price. Additionally, you may evaluate how the addition of First Tractor to your portfolios can decrease your overall portfolio volatility.