Freelancer (Australia) Market Value
| FLN Stock | 0.16 0.01 5.88% |
| Symbol | Freelancer |
Freelancer '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 Freelancer's 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 Freelancer.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Freelancer on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Freelancer or generate 0.0% return on investment in Freelancer over 30 days. Freelancer is related to or competes with Aneka Tambang, Macquarie, Challenger, BHP Group, Rio Tinto, and AMP. Freelancer is entity of Australia. It is traded as Stock on AU exchange. More
Freelancer 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 Freelancer's 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 Freelancer upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 17.32 | |||
| Value At Risk | (5.56) | |||
| Potential Upside | 5.56 |
Freelancer Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Freelancer's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Freelancer's standard deviation. In reality, there are many statistical measures that can use Freelancer historical prices to predict the future Freelancer's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.70) | |||
| Treynor Ratio | 0.3638 |
Freelancer Backtested Returns
Freelancer secures Sharpe Ratio (or Efficiency) of -0.0531, which denotes the company had a -0.0531% return per unit of risk over the last 3 months. Freelancer exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Freelancer's Mean Deviation of 2.24, variance of 15.17, and Standard Deviation of 3.9 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.31, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Freelancer are expected to decrease at a much lower rate. During the bear market, Freelancer is likely to outperform the market. At this point, Freelancer has a negative expected return of -0.2%. Please make sure to confirm Freelancer's variance, jensen alpha, and the relationship between the standard deviation and information ratio , to decide if Freelancer performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.74 |
Good predictability
Freelancer has good predictability. Overlapping area represents the amount of predictability between Freelancer 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 Freelancer price movement. The serial correlation of 0.74 indicates that around 74.0% of current Freelancer price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.74 | |
| Spearman Rank Test | 0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Freelancer lagged returns against current returns
Autocorrelation, which is Freelancer 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 Freelancer's stock expected returns. We can calculate the autocorrelation of Freelancer returns to help us make a trade decision. For example, suppose you find that Freelancer 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 |
Freelancer 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 Freelancer stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Freelancer stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Freelancer stock over time.
Current vs Lagged Prices |
| Timeline |
Freelancer Lagged Returns
When evaluating Freelancer's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Freelancer stock have on its future price. Freelancer 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, Freelancer autocorrelation shows the relationship between Freelancer stock current value and its past values and can show if there is a momentum factor associated with investing in Freelancer.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Freelancer Stock Analysis
When running Freelancer's price analysis, check to measure Freelancer'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 Freelancer is operating at the current time. Most of Freelancer's value examination focuses on studying past and present price action to predict the probability of Freelancer's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Freelancer's price. Additionally, you may evaluate how the addition of Freelancer to your portfolios can decrease your overall portfolio volatility.