FAN MILK's market value is the price at which a share of FAN MILK trades on a public exchange. It measures the collective expectations of FAN MILK LTD investors about its performance. FAN MILK is trading at 3.70 as of the 1st of December 2024, a No Change since the beginning of the trading day. The stock's lowest day price was 3.7. With this module, you can estimate the performance of a buy and hold strategy of FAN MILK LTD and determine expected loss or profit from investing in FAN MILK over a given investment horizon. Check out Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.
Symbol
FAN
FAN MILK '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 FAN MILK'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 FAN MILK.
0.00
12/07/2023
No Change 0.00
0.0
In 11 months and 27 days
12/01/2024
0.00
If you would invest 0.00 in FAN MILK on December 7, 2023 and sell it all today you would earn a total of 0.00 from holding FAN MILK LTD or generate 0.0% return on investment in FAN MILK over 360 days.
FAN MILK 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 FAN MILK'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 FAN MILK LTD upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for FAN MILK's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as FAN MILK's standard deviation. In reality, there are many statistical measures that can use FAN MILK historical prices to predict the future FAN MILK's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as FAN MILK. Your research has to be compared to or analyzed against FAN MILK's peers to derive any actionable benefits. When done correctly, FAN MILK's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in FAN MILK LTD.
FAN MILK LTD Backtested Returns
At this point, FAN MILK is not too volatile. FAN MILK LTD secures Sharpe Ratio (or Efficiency) of 0.12, which denotes the company had a 0.12% return per unit of risk over the last 3 months. We have found sixteen technical indicators for FAN MILK LTD, which you can use to evaluate the volatility of the entity. Please confirm FAN MILK's Mean Deviation of 0.1705, coefficient of variation of 812.4, and Standard Deviation of 0.7034 to check if the risk estimate we provide is consistent with the expected return of 0.0866%. FAN MILK has a performance score of 9 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.0231, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning FAN MILK are expected to decrease at a much lower rate. During the bear market, FAN MILK is likely to outperform the market. FAN MILK LTD at this time shows a risk of 0.7%. Please confirm FAN MILK LTD skewness, and the relationship between the treynor ratio and rate of daily change , to decide if FAN MILK LTD will be following its price patterns.
Auto-correlation
0.47
Average predictability
FAN MILK LTD has average predictability. Overlapping area represents the amount of predictability between FAN MILK time series from 7th of December 2023 to 4th of June 2024 and 4th of June 2024 to 1st 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 FAN MILK LTD price movement. The serial correlation of 0.47 indicates that about 47.0% of current FAN MILK price fluctuation can be explain by its past prices.
Correlation Coefficient
0.47
Spearman Rank Test
0.09
Residual Average
0.0
Price Variance
0.02
FAN MILK LTD lagged returns against current returns
Autocorrelation, which is FAN MILK 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 FAN MILK's stock expected returns. We can calculate the autocorrelation of FAN MILK returns to help us make a trade decision. For example, suppose you find that FAN MILK 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
FAN MILK 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 FAN MILK stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if FAN MILK stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in FAN MILK stock over time.
Current vs Lagged Prices
Timeline
FAN MILK Lagged Returns
When evaluating FAN MILK's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of FAN MILK stock have on its future price. FAN MILK 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, FAN MILK autocorrelation shows the relationship between FAN MILK stock current value and its past values and can show if there is a momentum factor associated with investing in FAN MILK LTD.
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.