Fly E Group, Common Stock Market Value
| FLYE Stock | USD 0.43 0.01 2.27% |
| Symbol | Fly |
Fly E Group, Price To Book Ratio
Is Automobile Manufacturers 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 Fly E. If investors know Fly 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 Fly E 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 18.624 | Earnings Share (0.02) | Revenue Per Share 1.455 | Quarterly Revenue Growth 0.004 | Return On Assets 0.0551 |
The market value of Fly E Group, is measured differently than its book value, which is the value of Fly that is recorded on the company's balance sheet. Investors also form their own opinion of Fly E's value that differs from its market value or its book value, called intrinsic value, which is Fly E'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 Fly E's market value can be influenced by many factors that don't directly affect Fly E'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 Fly E's value and its price as these two are different measures arrived at by different means. Investors typically determine if Fly E is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fly E'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.
Fly E '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 Fly E'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 Fly E.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Fly E on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Fly E Group, Common or generate 0.0% return on investment in Fly E over 30 days. Fly E is related to or competes with Reservoir Media, SunLink Health, Pool, Gap,, SunOpta, Titan Machinery, and Grocery Outlet. International Jet Engine Supply Inc. provides passenger air transportation services More
Fly E 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 Fly E'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 Fly E Group, Common upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 41.3 | |||
| Value At Risk | (9.84) | |||
| Potential Upside | 10.17 |
Fly E Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fly E's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fly E's standard deviation. In reality, there are many statistical measures that can use Fly E historical prices to predict the future Fly E's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.58) | |||
| Total Risk Alpha | (1.49) | |||
| Treynor Ratio | 2.17 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Fly E's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Fly E Group, Backtested Returns
Fly E Group, secures Sharpe Ratio (or Efficiency) of -0.0875, which denotes the company had a -0.0875% return per unit of risk over the last 3 months. Fly E Group, Common exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Fly E's Standard Deviation of 5.83, mean deviation of 3.78, and Variance of 34.01 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.28, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Fly E are expected to decrease at a much lower rate. During the bear market, Fly E is likely to outperform the market. At this point, Fly E Group, has a negative expected return of -0.52%. Please make sure to confirm Fly E's maximum drawdown, daily balance of power, as well as the relationship between the Daily Balance Of Power and period momentum indicator , to decide if Fly E Group, performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.78 |
Good predictability
Fly E Group, Common has good predictability. Overlapping area represents the amount of predictability between Fly E 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 Fly E Group, price movement. The serial correlation of 0.78 indicates that around 78.0% of current Fly E price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.78 | |
| Spearman Rank Test | 0.85 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Fly E Group, lagged returns against current returns
Autocorrelation, which is Fly E 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 Fly E's stock expected returns. We can calculate the autocorrelation of Fly E returns to help us make a trade decision. For example, suppose you find that Fly E 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 |
Fly E 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 Fly E stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fly E stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Fly E stock over time.
Current vs Lagged Prices |
| Timeline |
Fly E Lagged Returns
When evaluating Fly E's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fly E stock have on its future price. Fly E 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, Fly E autocorrelation shows the relationship between Fly E stock current value and its past values and can show if there is a momentum factor associated with investing in Fly E Group, Common.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Fly E Group, is a strong investment it is important to analyze Fly E's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Fly E's future performance. For an informed investment choice regarding Fly Stock, refer to the following important reports:Check out Fly E Correlation, Fly E Volatility and Fly E Alpha and Beta module to complement your research on Fly E. You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
Fly E technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.