FONIX MOBILE's market value is the price at which a share of FONIX MOBILE trades on a public exchange. It measures the collective expectations of FONIX MOBILE PLC investors about its performance. FONIX MOBILE is trading at 2.58 as of the 9th of January 2025. This is a 0.77% down since the beginning of the trading day. The stock's lowest day price was 2.58. With this module, you can estimate the performance of a buy and hold strategy of FONIX MOBILE PLC and determine expected loss or profit from investing in FONIX MOBILE over a given investment horizon. Check out FONIX MOBILE Correlation, FONIX MOBILE Volatility and FONIX MOBILE Alpha and Beta module to complement your research on FONIX MOBILE.
Please note, there is a significant difference between FONIX MOBILE's value and its price as these two are different measures arrived at by different means. Investors typically determine if FONIX MOBILE is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, FONIX MOBILE'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.
FONIX MOBILE '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 FONIX MOBILE'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 FONIX MOBILE.
0.00
01/20/2023
No Change 0.00
0.0
In 1 year 11 months and 22 days
01/09/2025
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If you would invest 0.00 in FONIX MOBILE on January 20, 2023 and sell it all today you would earn a total of 0.00 from holding FONIX MOBILE PLC or generate 0.0% return on investment in FONIX MOBILE over 720 days. FONIX MOBILE is related to or competes with Reinsurance Group, Hanover Insurance, INSURANCE AUST, ULTRA CLEAN, Vienna Insurance, Singapore Reinsurance, and United Insurance. Fonix Mobile Ltd provides mobile payments and messaging services for client in media, telecoms, entertainment, enterpris... More
FONIX MOBILE 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 FONIX MOBILE'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 FONIX MOBILE PLC 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 FONIX MOBILE's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as FONIX MOBILE's standard deviation. In reality, there are many statistical measures that can use FONIX MOBILE historical prices to predict the future FONIX MOBILE's volatility.
At this point, FONIX MOBILE is unstable. FONIX MOBILE PLC secures Sharpe Ratio (or Efficiency) of 0.0011, which denotes the company had a 0.0011% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for FONIX MOBILE PLC, which you can use to evaluate the volatility of the firm. Please confirm FONIX MOBILE's Mean Deviation of 1.61, downside deviation of 3.1, and Semi Deviation of 2.04 to check if the risk estimate we provide is consistent with the expected return of 0.0026%. The firm shows a Beta (market volatility) of -0.26, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning FONIX MOBILE are expected to decrease at a much lower rate. During the bear market, FONIX MOBILE is likely to outperform the market. FONIX MOBILE PLC currently shows a risk of 2.42%. Please confirm FONIX MOBILE PLC maximum drawdown, semi variance, and the relationship between the sortino ratio and potential upside , to decide if FONIX MOBILE PLC will be following its price patterns.
Auto-correlation
-0.31
Poor reverse predictability
FONIX MOBILE PLC has poor reverse predictability. Overlapping area represents the amount of predictability between FONIX MOBILE time series from 20th of January 2023 to 15th of January 2024 and 15th of January 2024 to 9th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of FONIX MOBILE PLC price movement. The serial correlation of -0.31 indicates that nearly 31.0% of current FONIX MOBILE price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.31
Spearman Rank Test
-0.08
Residual Average
0.0
Price Variance
0.01
FONIX MOBILE PLC lagged returns against current returns
Autocorrelation, which is FONIX MOBILE 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 FONIX MOBILE's stock expected returns. We can calculate the autocorrelation of FONIX MOBILE returns to help us make a trade decision. For example, suppose you find that FONIX MOBILE 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
FONIX MOBILE 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 FONIX MOBILE stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if FONIX MOBILE stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in FONIX MOBILE stock over time.
Current vs Lagged Prices
Timeline
FONIX MOBILE Lagged Returns
When evaluating FONIX MOBILE's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of FONIX MOBILE stock have on its future price. FONIX MOBILE 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, FONIX MOBILE autocorrelation shows the relationship between FONIX MOBILE stock current value and its past values and can show if there is a momentum factor associated with investing in FONIX MOBILE PLC.
FONIX MOBILE financial ratios help investors to determine whether FONIX 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 FONIX with respect to the benefits of owning FONIX MOBILE security.