Fortune Parts (Thailand) Market Value
| FPI Stock | THB 1.92 0.01 0.52% |
| Symbol | Fortune |
Fortune Parts '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 Fortune Parts' 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 Fortune Parts.
| 01/09/2023 |
| 11/29/2024 |
If you would invest 0.00 in Fortune Parts on January 9, 2023 and sell it all today you would earn a total of 0.00 from holding Fortune Parts Industry or generate 0.0% return on investment in Fortune Parts over 690 days. Fortune Parts is related to or competes with Copperwired Public, CPR Gomu, Warrix Sport, Mena Transport, CENTRAL RETAIL, and Lohakit Metal. Fortune Parts Industry Public Company Limited manufactures and distributes automotive replacement parts in Thailand, the... More
Fortune Parts 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 Fortune Parts' 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 Fortune Parts Industry upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 9.62 | |||
| Value At Risk | (1.92) | |||
| Potential Upside | 1.96 |
Fortune Parts Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fortune Parts' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fortune Parts' standard deviation. In reality, there are many statistical measures that can use Fortune Parts historical prices to predict the future Fortune Parts' volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.1) | |||
| Total Risk Alpha | (0.30) | |||
| Treynor Ratio | (1.54) |
Fortune Parts Industry Backtested Returns
Fortune Parts Industry secures Sharpe Ratio (or Efficiency) of -0.066, which denotes the company had a -0.066% return per unit of risk over the last 3 months. Fortune Parts Industry exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Fortune Parts' Standard Deviation of 1.34, variance of 1.8, and Mean Deviation of 0.8203 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.0602, which means not very significant fluctuations relative to the market. As returns on the market increase, Fortune Parts' returns are expected to increase less than the market. However, during the bear market, the loss of holding Fortune Parts is expected to be smaller as well. At this point, Fortune Parts Industry has a negative expected return of -0.0876%. Please make sure to confirm Fortune Parts' potential upside, kurtosis, and the relationship between the maximum drawdown and skewness , to decide if Fortune Parts Industry performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.60 |
Good predictability
Fortune Parts Industry has good predictability. Overlapping area represents the amount of predictability between Fortune Parts time series from 9th of January 2023 to 20th of December 2023 and 20th of December 2023 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 Fortune Parts Industry price movement. The serial correlation of 0.6 indicates that roughly 60.0% of current Fortune Parts price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.6 | |
| Spearman Rank Test | 0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Fortune Parts Industry lagged returns against current returns
Autocorrelation, which is Fortune Parts 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 Fortune Parts' stock expected returns. We can calculate the autocorrelation of Fortune Parts returns to help us make a trade decision. For example, suppose you find that Fortune Parts 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 |
Fortune Parts 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 Fortune Parts stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fortune Parts stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Fortune Parts stock over time.
Current vs Lagged Prices |
| Timeline |
Fortune Parts Lagged Returns
When evaluating Fortune Parts' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fortune Parts stock have on its future price. Fortune Parts 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, Fortune Parts autocorrelation shows the relationship between Fortune Parts stock current value and its past values and can show if there is a momentum factor associated with investing in Fortune Parts Industry.
Regressed Prices |
| Timeline |
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectOther Information on Investing in Fortune Stock
Fortune Parts financial ratios help investors to determine whether Fortune 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 Fortune with respect to the benefits of owning Fortune Parts security.