Fs Credit Opportunities Stock Market Value
| FSCO Stock | 6.50 0.01 0.15% |
| Symbol | FSCO |
FS Credit Opportunities Company Valuation
Is Asset Management & Custody Banks 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 FS Credit. If investors know FSCO 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 FS Credit listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share 1.16 |
The market value of FS Credit Opportunities is measured differently than its book value, which is the value of FSCO that is recorded on the company's balance sheet. Investors also form their own opinion of FS Credit's value that differs from its market value or its book value, called intrinsic value, which is FS Credit's 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 FS Credit's market value can be influenced by many factors that don't directly affect FS Credit's 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 FS Credit's value and its price as these two are different measures arrived at by different means. Investors typically determine if FS Credit is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, FS Credit'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.
FS Credit '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 FS Credit'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 FS Credit.
| 12/06/2022 |
| 11/25/2024 |
If you would invest 0.00 in FS Credit on December 6, 2022 and sell it all today you would earn a total of 0.00 from holding FS Credit Opportunities or generate 0.0% return on investment in FS Credit over 720 days. FS Credit is related to or competes with MFS Investment, Invesco High, Eaton Vance, Federated Premier, Brightsphere Investment, Investcorp Credit, and Munivest Fund. FS Credit is entity of United States. It is traded as Stock on NYSE exchange. More
FS Credit 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 FS Credit'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 FS Credit Opportunities upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7879 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 5.17 | |||
| Value At Risk | (0.97) | |||
| Potential Upside | 1.3 |
FS Credit Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for FS Credit's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as FS Credit's standard deviation. In reality, there are many statistical measures that can use FS Credit historical prices to predict the future FS Credit's volatility.| Risk Adjusted Performance | 0.0784 | |||
| Jensen Alpha | 0.0624 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.4845 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of FS Credit'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.
FS Credit Opportunities Backtested Returns
As of now, FSCO Stock is not too volatile. FS Credit Opportunities retains Efficiency (Sharpe Ratio) of 0.16, which denotes the company had a 0.16% return per unit of price deviation over the last 3 months. We have found thirty technical indicators for FS Credit, which you can use to evaluate the volatility of the firm. Please confirm FS Credit's Standard Deviation of 0.9323, market risk adjusted performance of 0.4945, and Downside Deviation of 0.7879 to check if the risk estimate we provide is consistent with the expected return of 0.14%. FS Credit has a performance score of 12 on a scale of 0 to 100. The firm owns a Beta (Systematic Risk) of 0.17, which means not very significant fluctuations relative to the market. As returns on the market increase, FS Credit's returns are expected to increase less than the market. However, during the bear market, the loss of holding FS Credit is expected to be smaller as well. FS Credit Opportunities today owns a risk of 0.9%. Please confirm FS Credit Opportunities coefficient of variation, semi variance, price action indicator, as well as the relationship between the treynor ratio and daily balance of power , to decide if FS Credit Opportunities will be following its current price history.
Auto-correlation | 0.81 |
Very good predictability
FS Credit Opportunities has very good predictability. Overlapping area represents the amount of predictability between FS Credit time series from 6th of December 2022 to 1st of December 2023 and 1st of December 2023 to 25th 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 FS Credit Opportunities price movement. The serial correlation of 0.81 indicates that around 81.0% of current FS Credit price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.81 | |
| Spearman Rank Test | 0.73 | |
| Residual Average | 0.0 | |
| Price Variance | 0.24 |
FS Credit Opportunities lagged returns against current returns
Autocorrelation, which is FS Credit 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 FS Credit's stock expected returns. We can calculate the autocorrelation of FS Credit returns to help us make a trade decision. For example, suppose you find that FS Credit 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 |
FS Credit 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 FS Credit stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if FS Credit stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in FS Credit stock over time.
Current vs Lagged Prices |
| Timeline |
FS Credit Lagged Returns
When evaluating FS Credit's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of FS Credit stock have on its future price. FS Credit 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, FS Credit autocorrelation shows the relationship between FS Credit stock current value and its past values and can show if there is a momentum factor associated with investing in FS Credit Opportunities.
Regressed Prices |
| Timeline |
Pair Trading with FS Credit
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 FS Credit 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 FS Credit will appreciate offsetting losses from the drop in the long position's value.Moving together with FSCO Stock
| 0.63 | DIST | Distoken Acquisition | PairCorr |
| 0.79 | AB | AllianceBernstein | PairCorr |
| 0.87 | AC | Associated Capital | PairCorr |
Moving against FSCO Stock
The ability to find closely correlated positions to FS Credit could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace FS Credit 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 FS Credit - 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 FS Credit Opportunities to buy it.
The correlation of FS Credit 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 FS Credit moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if FS Credit Opportunities 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 FS Credit 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.Check out FS Credit Correlation, FS Credit Volatility and FS Credit Alpha and Beta module to complement your research on FS Credit. You can also try the Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.
FS Credit 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.