Freenet AG (Germany) Market Value
| FNTN Stock | 29.18 0.08 0.27% |
| Symbol | Freenet |
Freenet AG '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 Freenet AG'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 Freenet AG.
| 11/03/2024 |
| 12/03/2024 |
If you would invest 0.00 in Freenet AG on November 3, 2024 and sell it all today you would earn a total of 0.00 from holding freenet AG or generate 0.0% return on investment in Freenet AG over 30 days. Freenet AG is related to or competes with Hyster-Yale Materials, Vulcan Materials, Sumitomo Rubber, GOODYEAR T, SENECA FOODS-A, and Food Life. More
Freenet AG 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 Freenet AG'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 freenet AG upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9552 | |||
| Information Ratio | 0.0161 | |||
| Maximum Drawdown | 7.98 | |||
| Value At Risk | (1.28) | |||
| Potential Upside | 1.36 |
Freenet AG Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Freenet AG's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Freenet AG's standard deviation. In reality, there are many statistical measures that can use Freenet AG historical prices to predict the future Freenet AG's volatility.| Risk Adjusted Performance | 0.106 | |||
| Jensen Alpha | 0.1308 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | 0.0176 | |||
| Treynor Ratio | 46.82 |
freenet AG Backtested Returns
At this point, Freenet AG is very steady. freenet AG secures Sharpe Ratio (or Efficiency) of 0.13, which denotes the company had a 0.13% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for freenet AG, which you can use to evaluate the volatility of the firm. Please confirm Freenet AG's Semi Deviation of 0.7148, risk adjusted performance of 0.106, and Downside Deviation of 0.9552 to check if the risk estimate we provide is consistent with the expected return of 0.13%. Freenet AG has a performance score of 10 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.0028, which means not very significant fluctuations relative to the market. As returns on the market increase, Freenet AG's returns are expected to increase less than the market. However, during the bear market, the loss of holding Freenet AG is expected to be smaller as well. freenet AG right now shows a risk of 1.05%. Please confirm freenet AG coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to decide if freenet AG will be following its price patterns.
Auto-correlation | 0.77 |
Good predictability
freenet AG has good predictability. Overlapping area represents the amount of predictability between Freenet AG time series from 3rd of November 2024 to 18th of November 2024 and 18th of November 2024 to 3rd 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 freenet AG price movement. The serial correlation of 0.77 indicates that around 77.0% of current Freenet AG price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.77 | |
| Spearman Rank Test | 0.81 | |
| Residual Average | 0.0 | |
| Price Variance | 0.1 |
freenet AG lagged returns against current returns
Autocorrelation, which is Freenet AG 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 Freenet AG's stock expected returns. We can calculate the autocorrelation of Freenet AG returns to help us make a trade decision. For example, suppose you find that Freenet AG 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 |
Freenet AG 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 Freenet AG stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Freenet AG stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Freenet AG stock over time.
Current vs Lagged Prices |
| Timeline |
Freenet AG Lagged Returns
When evaluating Freenet AG's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Freenet AG stock have on its future price. Freenet AG 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, Freenet AG autocorrelation shows the relationship between Freenet AG stock current value and its past values and can show if there is a momentum factor associated with investing in freenet AG.
Regressed Prices |
| Timeline |
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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.Other Information on Investing in Freenet Stock
Freenet AG financial ratios help investors to determine whether Freenet Stock 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 Freenet with respect to the benefits of owning Freenet AG security.