FF Australia (Germany) Market Value
| FPGK Fund | EUR 59.83 0.27 0.45% |
| Symbol | FPGK |
Please note, there is a significant difference between FF Australia's value and its price as these two are different measures arrived at by different means. Investors typically determine if FF Australia is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, FF Australia'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.
FF Australia '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 FF Australia's fund 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 FF Australia.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in FF Australia on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding FF Australia or generate 0.0% return on investment in FF Australia over 30 days. FF Australia is related to or competes with Renaissance Europe, Superior Plus, Origin Agritech, Identiv, INTUITIVE SURGICAL, Intel, and Reliance Steel. More
FF Australia 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 FF Australia's fund 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 FF Australia upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.29 | |||
| Information Ratio | 0.0365 | |||
| Maximum Drawdown | 6.39 | |||
| Value At Risk | (1.76) | |||
| Potential Upside | 1.77 |
FF Australia Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for FF Australia's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as FF Australia's standard deviation. In reality, there are many statistical measures that can use FF Australia historical prices to predict the future FF Australia's volatility.| Risk Adjusted Performance | 0.111 | |||
| Jensen Alpha | 0.1253 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | 0.0355 | |||
| Treynor Ratio | 0.4888 |
FF Australia Backtested Returns
At this point, FF Australia is very steady. FF Australia retains Efficiency (Sharpe Ratio) of 0.1, which denotes the fund had a 0.1% return per unit of price deviation over the last 3 months. We have found twenty-eight technical indicators for FF Australia, which you can use to evaluate the volatility of the entity. Please confirm FF Australia's Standard Deviation of 1.26, downside deviation of 1.29, and Market Risk Adjusted Performance of 0.4988 to check if the risk estimate we provide is consistent with the expected return of 0.13%. The fund owns a Beta (Systematic Risk) of 0.34, which means possible diversification benefits within a given portfolio. As returns on the market increase, FF Australia's returns are expected to increase less than the market. However, during the bear market, the loss of holding FF Australia is expected to be smaller as well.
Auto-correlation | 0.66 |
Good predictability
FF Australia has good predictability. Overlapping area represents the amount of predictability between FF Australia time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 FF Australia price movement. The serial correlation of 0.66 indicates that around 66.0% of current FF Australia price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.66 | |
| Spearman Rank Test | 0.74 | |
| Residual Average | 0.0 | |
| Price Variance | 0.71 |
FF Australia lagged returns against current returns
Autocorrelation, which is FF Australia fund'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 FF Australia's fund expected returns. We can calculate the autocorrelation of FF Australia returns to help us make a trade decision. For example, suppose you find that FF Australia has exhibited high autocorrelation historically, and you observe that the fund 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 |
FF Australia 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 FF Australia fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if FF Australia fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in FF Australia fund over time.
Current vs Lagged Prices |
| Timeline |
FF Australia Lagged Returns
When evaluating FF Australia's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of FF Australia fund have on its future price. FF Australia 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, FF Australia autocorrelation shows the relationship between FF Australia fund current value and its past values and can show if there is a momentum factor associated with investing in FF Australia.
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.Other Information on Investing in FPGK Fund
FF Australia financial ratios help investors to determine whether FPGK Fund 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 FPGK with respect to the benefits of owning FF Australia security.
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