Fluor Stock Market Value
| FLR Stock | USD 56.04 0.25 0.45% |
| Symbol | Fluor |
Fluor Price To Book Ratio
Is Construction & Engineering space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Fluor. If investors know Fluor will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Fluor listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.73) | Earnings Share 1.45 | Revenue Per Share 92.836 | Quarterly Revenue Growth 0.033 | Return On Assets 0.0204 |
The market value of Fluor is measured differently than its book value, which is the value of Fluor that is recorded on the company's balance sheet. Investors also form their own opinion of Fluor's value that differs from its market value or its book value, called intrinsic value, which is Fluor's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Fluor's market value can be influenced by many factors that don't directly affect Fluor's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Fluor's value and its price as these two are different measures arrived at by different means. Investors typically determine if Fluor is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fluor'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.
Fluor '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 Fluor'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 Fluor.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Fluor on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Fluor or generate 0.0% return on investment in Fluor over 30 days. Fluor is related to or competes with Aecom Technology, Matrix Service, MYR, EMCOR, Jacobs Solutions, KBR, and Tetra Tech. Fluor Corporation provides engineering, procurement, and construction fabrication and modularization operation and maint... More
Fluor 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 Fluor'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 Fluor upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.95 | |||
| Information Ratio | 0.0405 | |||
| Maximum Drawdown | 21.78 | |||
| Value At Risk | (2.65) | |||
| Potential Upside | 3.77 |
Fluor Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fluor's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fluor's standard deviation. In reality, there are many statistical measures that can use Fluor historical prices to predict the future Fluor's volatility.| Risk Adjusted Performance | 0.0735 | |||
| Jensen Alpha | 0.0109 | |||
| Total Risk Alpha | (0.21) | |||
| Sortino Ratio | 0.0391 | |||
| Treynor Ratio | 0.1266 |
Fluor Backtested Returns
Fluor appears to be very steady, given 3 months investment horizon. Fluor secures Sharpe Ratio (or Efficiency) of 0.0788, which denotes the company had a 0.0788% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Fluor, which you can use to evaluate the volatility of the firm. Please utilize Fluor's Downside Deviation of 2.95, mean deviation of 1.85, and Coefficient Of Variation of 1158.69 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Fluor holds a performance score of 6. The firm shows a Beta (market volatility) of 1.87, 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, Fluor will likely underperform. Please check Fluor's potential upside, as well as the relationship between the kurtosis and day typical price , to make a quick decision on whether Fluor's price patterns will revert.
Auto-correlation | -0.07 |
Very weak reverse predictability
Fluor has very weak reverse predictability. Overlapping area represents the amount of predictability between Fluor time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 Fluor price movement. The serial correlation of -0.07 indicates that barely 7.0% of current Fluor price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.07 | |
| Spearman Rank Test | -0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 5.4 |
Fluor lagged returns against current returns
Autocorrelation, which is Fluor 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 Fluor's stock expected returns. We can calculate the autocorrelation of Fluor returns to help us make a trade decision. For example, suppose you find that Fluor 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 |
Fluor 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 Fluor stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fluor stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Fluor stock over time.
Current vs Lagged Prices |
| Timeline |
Fluor Lagged Returns
When evaluating Fluor's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fluor stock have on its future price. Fluor 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, Fluor autocorrelation shows the relationship between Fluor stock current value and its past values and can show if there is a momentum factor associated with investing in Fluor.
Regressed Prices |
| Timeline |
Pair Trading with Fluor
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Fluor position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Fluor will appreciate offsetting losses from the drop in the long position's value.Moving together with Fluor Stock
The ability to find closely correlated positions to Fluor could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Fluor when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Fluor - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Fluor to buy it.
The correlation of Fluor is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Fluor moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Fluor moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Fluor can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Fluor Stock Analysis
When running Fluor's price analysis, check to measure Fluor'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 Fluor is operating at the current time. Most of Fluor's value examination focuses on studying past and present price action to predict the probability of Fluor's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Fluor's price. Additionally, you may evaluate how the addition of Fluor to your portfolios can decrease your overall portfolio volatility.