Friedman Industries Stock Market Value
| FRD Stock | USD 13.56 0.46 3.28% |
| Symbol | Friedman |
Friedman Industries Price To Book Ratio
Is Metals & Mining space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Friedman Industries. If investors know Friedman will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Friedman Industries listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.33) | Dividend Share 0.14 | Earnings Share 1.14 | Revenue Per Share 66.665 | Quarterly Revenue Growth 1.802 |
The market value of Friedman Industries is measured differently than its book value, which is the value of Friedman that is recorded on the company's balance sheet. Investors also form their own opinion of Friedman Industries' value that differs from its market value or its book value, called intrinsic value, which is Friedman Industries' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Friedman Industries' market value can be influenced by many factors that don't directly affect Friedman Industries' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Friedman Industries' value and its price as these two are different measures arrived at by different means. Investors typically determine if Friedman Industries is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Friedman Industries' 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.
Friedman Industries '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 Friedman Industries' 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 Friedman Industries.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Friedman Industries on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Friedman Industries or generate 0.0% return on investment in Friedman Industries over 30 days. Friedman Industries is related to or competes with Aperam PK, Acerinox, Algoma Steel, Ferrexpo PLC, Universal Stainless, Olympic Steel, and POSCO Holdings. Friedman Industries, Incorporated engages in steel processing, pipe manufacturing and processing, and the steel and pipe... More
Friedman Industries 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 Friedman Industries' 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 Friedman Industries upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 12.55 | |||
| Value At Risk | (4.84) | |||
| Potential Upside | 5.41 |
Friedman Industries Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Friedman Industries' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Friedman Industries' standard deviation. In reality, there are many statistical measures that can use Friedman Industries historical prices to predict the future Friedman Industries' volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.23) | |||
| Total Risk Alpha | (0.46) | |||
| Treynor Ratio | (0.07) |
Friedman Industries Backtested Returns
Friedman Industries secures Sharpe Ratio (or Efficiency) of -0.0393, which denotes the company had a -0.0393% return per unit of risk over the last 3 months. Friedman Industries exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Friedman Industries' Standard Deviation of 2.83, variance of 8.02, and Mean Deviation of 2.16 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.31, which means a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Friedman Industries will likely underperform. At this point, Friedman Industries has a negative expected return of -0.11%. Please make sure to confirm Friedman Industries' skewness, and the relationship between the treynor ratio and rate of daily change , to decide if Friedman Industries performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.39 |
Poor reverse predictability
Friedman Industries has poor reverse predictability. Overlapping area represents the amount of predictability between Friedman Industries time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 Friedman Industries price movement. The serial correlation of -0.39 indicates that just about 39.0% of current Friedman Industries price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.39 | |
| Spearman Rank Test | 0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 0.2 |
Friedman Industries lagged returns against current returns
Autocorrelation, which is Friedman Industries 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 Friedman Industries' stock expected returns. We can calculate the autocorrelation of Friedman Industries returns to help us make a trade decision. For example, suppose you find that Friedman Industries 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 |
Friedman Industries 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 Friedman Industries stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Friedman Industries stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Friedman Industries stock over time.
Current vs Lagged Prices |
| Timeline |
Friedman Industries Lagged Returns
When evaluating Friedman Industries' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Friedman Industries stock have on its future price. Friedman Industries 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, Friedman Industries autocorrelation shows the relationship between Friedman Industries stock current value and its past values and can show if there is a momentum factor associated with investing in Friedman Industries.
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.When determining whether Friedman Industries is a strong investment it is important to analyze Friedman Industries' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Friedman Industries' future performance. For an informed investment choice regarding Friedman Stock, refer to the following important reports:Check out Friedman Industries Correlation, Friedman Industries Volatility and Friedman Industries Alpha and Beta module to complement your research on Friedman Industries. For information on how to trade Friedman Stock refer to our How to Trade Friedman Stock guide.You can also try the Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
Friedman Industries technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.