Fit Hon Teng Stock Market Value
| FITGF Stock | USD 0.42 0.07 20.00% |
| Symbol | FIT |
FIT Hon '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 FIT Hon'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 FIT Hon.
| 05/30/2024 |
| 11/26/2024 |
If you would invest 0.00 in FIT Hon on May 30, 2024 and sell it all today you would earn a total of 0.00 from holding FIT Hon Teng or generate 0.0% return on investment in FIT Hon over 180 days. FIT Hon is related to or competes with KULR Technology, Ouster, MicroCloud Hologram, Kopin, Universal Display, Amphenol, and Flex. FIT Hon Teng Limited engages in the design, development, production, and sale of interconnect solutions and related prod... More
FIT Hon 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 FIT Hon'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 FIT Hon Teng upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 12.47 | |||
| Information Ratio | 0.1077 | |||
| Maximum Drawdown | 49.25 | |||
| Value At Risk | (14.63) | |||
| Potential Upside | 20.0 |
FIT Hon Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for FIT Hon's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as FIT Hon's standard deviation. In reality, there are many statistical measures that can use FIT Hon historical prices to predict the future FIT Hon's volatility.| Risk Adjusted Performance | 0.1024 | |||
| Jensen Alpha | 0.9861 | |||
| Total Risk Alpha | (0.35) | |||
| Sortino Ratio | 0.0818 | |||
| Treynor Ratio | 0.8908 |
FIT Hon Teng Backtested Returns
FIT Hon appears to be out of control, given 3 months investment horizon. FIT Hon Teng secures Sharpe Ratio (or Efficiency) of 0.1, which denotes the company had a 0.1% return per unit of volatility over the last 3 months. By evaluating FIT Hon's technical indicators, you can evaluate if the expected return of 0.97% is justified by implied risk. Please utilize FIT Hon's Downside Deviation of 12.47, mean deviation of 6.08, and Market Risk Adjusted Performance of 0.9008 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, FIT Hon holds a performance score of 7. The firm shows a Beta (market volatility) of 1.28, which means a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, FIT Hon will likely underperform. Please check FIT Hon's maximum drawdown and the relationship between the semi variance and price action indicator , to make a quick decision on whether FIT Hon's price patterns will revert.
Auto-correlation | -0.1 |
Very weak reverse predictability
FIT Hon Teng has very weak reverse predictability. Overlapping area represents the amount of predictability between FIT Hon time series from 30th of May 2024 to 28th of August 2024 and 28th of August 2024 to 26th 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 FIT Hon Teng price movement. The serial correlation of -0.1 indicates that less than 10.0% of current FIT Hon price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.1 | |
| Spearman Rank Test | -0.54 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
FIT Hon Teng lagged returns against current returns
Autocorrelation, which is FIT Hon 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 FIT Hon's pink sheet expected returns. We can calculate the autocorrelation of FIT Hon returns to help us make a trade decision. For example, suppose you find that FIT Hon 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 |
FIT Hon 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 FIT Hon pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if FIT Hon pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in FIT Hon pink sheet over time.
Current vs Lagged Prices |
| Timeline |
FIT Hon Lagged Returns
When evaluating FIT Hon's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of FIT Hon pink sheet have on its future price. FIT Hon 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, FIT Hon autocorrelation shows the relationship between FIT Hon pink sheet current value and its past values and can show if there is a momentum factor associated with investing in FIT Hon Teng.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in FIT Pink Sheet
FIT Hon financial ratios help investors to determine whether FIT 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 FIT with respect to the benefits of owning FIT Hon security.