FISH PAYK (Germany) Market Value
| FPLB Stock | EUR 21.20 0.20 0.93% |
| Symbol | FISH |
FISH PAYK '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 FISH PAYK'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 FISH PAYK.
| 02/09/2023 |
| 11/30/2024 |
If you would invest 0.00 in FISH PAYK on February 9, 2023 and sell it all today you would earn a total of 0.00 from holding FISH PAYK HEALTH or generate 0.0% return on investment in FISH PAYK over 660 days. FISH PAYK is related to or competes with AIR PRODCHEMICALS, CAREER EDUCATION, National Beverage, Calibre Mining, Perdoceo Education, and Adtalem Global. More
FISH PAYK 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 FISH PAYK'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 FISH PAYK HEALTH upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.19 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 8.43 | |||
| Value At Risk | (2.86) | |||
| Potential Upside | 2.97 |
FISH PAYK Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for FISH PAYK's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as FISH PAYK's standard deviation. In reality, there are many statistical measures that can use FISH PAYK historical prices to predict the future FISH PAYK's volatility.| Risk Adjusted Performance | 0.0503 | |||
| Jensen Alpha | 0.0837 | |||
| Total Risk Alpha | (0.20) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 1.16 |
FISH PAYK HEALTH Backtested Returns
At this point, FISH PAYK is very steady. FISH PAYK HEALTH secures Sharpe Ratio (or Efficiency) of 0.0421, which denotes the company had a 0.0421% return per unit of volatility over the last 3 months. We have found twenty-eight technical indicators for FISH PAYK HEALTH, which you can use to evaluate the volatility of the firm. Please confirm FISH PAYK's Market Risk Adjusted Performance of 1.17, mean deviation of 1.37, and Downside Deviation of 2.19 to check if the risk estimate we provide is consistent with the expected return of 0.0748%. FISH PAYK has a performance score of 3 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.0808, which means not very significant fluctuations relative to the market. As returns on the market increase, FISH PAYK's returns are expected to increase less than the market. However, during the bear market, the loss of holding FISH PAYK is expected to be smaller as well. FISH PAYK HEALTH currently shows a risk of 1.78%. Please confirm FISH PAYK HEALTH treynor ratio, value at risk, and the relationship between the sortino ratio and maximum drawdown , to decide if FISH PAYK HEALTH will be following its price patterns.
Auto-correlation | -0.77 |
Almost perfect reverse predictability
FISH PAYK HEALTH has almost perfect reverse predictability. Overlapping area represents the amount of predictability between FISH PAYK time series from 9th of February 2023 to 5th of January 2024 and 5th of January 2024 to 30th 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 FISH PAYK HEALTH price movement. The serial correlation of -0.77 indicates that around 77.0% of current FISH PAYK price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.77 | |
| Spearman Rank Test | -0.7 | |
| Residual Average | 0.0 | |
| Price Variance | 7.75 |
FISH PAYK HEALTH lagged returns against current returns
Autocorrelation, which is FISH PAYK 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 FISH PAYK's stock expected returns. We can calculate the autocorrelation of FISH PAYK returns to help us make a trade decision. For example, suppose you find that FISH PAYK 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 |
FISH PAYK 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 FISH PAYK stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if FISH PAYK stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in FISH PAYK stock over time.
Current vs Lagged Prices |
| Timeline |
FISH PAYK Lagged Returns
When evaluating FISH PAYK's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of FISH PAYK stock have on its future price. FISH PAYK 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, FISH PAYK autocorrelation shows the relationship between FISH PAYK stock current value and its past values and can show if there is a momentum factor associated with investing in FISH PAYK HEALTH.
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 FISH Stock
FISH PAYK financial ratios help investors to determine whether FISH 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 FISH with respect to the benefits of owning FISH PAYK security.