Fortran Corp Stock Market Value
| FRTN Stock | USD 0.02 0.01 33.33% |
| Symbol | Fortran |
Fortran Corp '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 Fortran Corp's pink sheet 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 Fortran Corp.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Fortran Corp on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Fortran Corp or generate 0.0% return on investment in Fortran Corp over 30 days. Fortran Corp is related to or competes with T Mobile, Lumen Technologies, Verizon Communications, ATT, and Comcast Corp. Fortran Corporation, through its subsidiaries, offers communication system integration services to media and communicati... More
Fortran Corp 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 Fortran Corp's pink sheet 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 Fortran Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.1422 | |||
| Maximum Drawdown | 150.0 | |||
| Value At Risk | (33.33) | |||
| Potential Upside | 100.0 |
Fortran Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fortran Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fortran Corp's standard deviation. In reality, there are many statistical measures that can use Fortran Corp historical prices to predict the future Fortran Corp's volatility.| Risk Adjusted Performance | 0.1222 | |||
| Jensen Alpha | 3.8 | |||
| Total Risk Alpha | (0.56) | |||
| Treynor Ratio | 1.69 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Fortran Corp's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Fortran Corp Backtested Returns
Fortran Corp is out of control given 3 months investment horizon. Fortran Corp secures Sharpe Ratio (or Efficiency) of 0.15, which denotes the company had a 0.15% return per unit of risk over the last 3 months. We were able to interpolate and analyze data for twenty-two different technical indicators, which can help you to evaluate if expected returns of 4.25% are justified by taking the suggested risk. Use Fortran Corp Standard Deviation of 28.02, mean deviation of 13.63, and Variance of 785.36 to evaluate company specific risk that cannot be diversified away. Fortran Corp holds a performance score of 11 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of 2.44, 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, Fortran Corp will likely underperform. Use Fortran Corp total risk alpha, kurtosis, as well as the relationship between the Kurtosis and price action indicator , to analyze future returns on Fortran Corp.
Auto-correlation | -0.28 |
Weak reverse predictability
Fortran Corp has weak reverse predictability. Overlapping area represents the amount of predictability between Fortran Corp time series from 31st of October 2024 to 15th of November 2024 and 15th of November 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 Fortran Corp price movement. The serial correlation of -0.28 indicates that nearly 28.0% of current Fortran Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.28 | |
| Spearman Rank Test | 0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Fortran Corp lagged returns against current returns
Autocorrelation, which is Fortran Corp pink sheet'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 Fortran Corp's pink sheet expected returns. We can calculate the autocorrelation of Fortran Corp returns to help us make a trade decision. For example, suppose you find that Fortran Corp has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Fortran Corp 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 Fortran Corp pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fortran Corp pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Fortran Corp pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Fortran Corp Lagged Returns
When evaluating Fortran Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fortran Corp pink sheet have on its future price. Fortran Corp 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, Fortran Corp autocorrelation shows the relationship between Fortran Corp pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Fortran Corp.
Regressed Prices |
| Timeline |
Pair Trading with Fortran Corp
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Fortran Corp position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Fortran Corp will appreciate offsetting losses from the drop in the long position's value.Moving against Fortran Pink Sheet
| 0.44 | BKRKF | PT Bank Rakyat | PairCorr |
| 0.36 | BKRKY | Bank Rakyat | PairCorr |
| 0.36 | PPERY | Bank Mandiri Persero | PairCorr |
| 0.36 | EC | Ecopetrol SA ADR Sell-off Trend | PairCorr |
| 0.33 | PPERF | Bank Mandiri Persero | PairCorr |
The ability to find closely correlated positions to Fortran Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Fortran Corp when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Fortran Corp - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Fortran Corp to buy it.
The correlation of Fortran Corp is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Fortran Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Fortran Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Fortran Corp can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Fortran Pink Sheet
Fortran Corp financial ratios help investors to determine whether Fortran Pink Sheet 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 Fortran with respect to the benefits of owning Fortran Corp security.