Fitell Ordinary Stock Market Value
| FTEL Stock | 0.68 0.02 2.86% |
| Symbol | Fitell |
Fitell Ordinary Price To Book Ratio
Is Other Specialty Retail 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 Fitell Ordinary. If investors know Fitell 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 Fitell Ordinary listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.66) | Revenue Per Share | Quarterly Revenue Growth 0.343 | Return On Assets | Return On Equity |
The market value of Fitell Ordinary is measured differently than its book value, which is the value of Fitell that is recorded on the company's balance sheet. Investors also form their own opinion of Fitell Ordinary's value that differs from its market value or its book value, called intrinsic value, which is Fitell Ordinary'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 Fitell Ordinary's market value can be influenced by many factors that don't directly affect Fitell Ordinary'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 Fitell Ordinary's value and its price as these two are different measures arrived at by different means. Investors typically determine if Fitell Ordinary is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fitell Ordinary'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.
Fitell Ordinary '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 Fitell Ordinary'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 Fitell Ordinary.
| 05/11/2023 |
| 03/01/2025 |
If you would invest 0.00 in Fitell Ordinary on May 11, 2023 and sell it all today you would earn a total of 0.00 from holding Fitell Ordinary or generate 0.0% return on investment in Fitell Ordinary over 660 days. Fitell Ordinary is related to or competes with Playstudios, ScanSource, Molson Coors, GameSquare Holdings, and National Beverage. Fitell Ordinary is entity of United States More
Fitell Ordinary 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 Fitell Ordinary'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 Fitell Ordinary upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 122.17 | |||
| Value At Risk | (24.71) | |||
| Potential Upside | 19.98 |
Fitell Ordinary Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fitell Ordinary's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fitell Ordinary's standard deviation. In reality, there are many statistical measures that can use Fitell Ordinary historical prices to predict the future Fitell Ordinary's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (2.50) | |||
| Total Risk Alpha | (1.88) | |||
| Treynor Ratio | 3.83 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Fitell Ordinary'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.
Fitell Ordinary Backtested Returns
Fitell Ordinary 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. Fitell Ordinary exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Fitell Ordinary's Variance of 373.26, mean deviation of 11.61, and Standard Deviation of 19.32 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.65, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Fitell Ordinary are expected to decrease at a much lower rate. During the bear market, Fitell Ordinary is likely to outperform the market. At this point, Fitell Ordinary has a negative expected return of -3.02%. Please make sure to confirm Fitell Ordinary's skewness, as well as the relationship between the rate of daily change and period momentum indicator , to decide if Fitell Ordinary performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.40 |
Average predictability
Fitell Ordinary has average predictability. Overlapping area represents the amount of predictability between Fitell Ordinary time series from 11th of May 2023 to 5th of April 2024 and 5th of April 2024 to 1st of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Fitell Ordinary price movement. The serial correlation of 0.4 indicates that just about 40.0% of current Fitell Ordinary price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.4 | |
| Spearman Rank Test | 0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 63.39 |
Fitell Ordinary lagged returns against current returns
Autocorrelation, which is Fitell Ordinary 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 Fitell Ordinary's stock expected returns. We can calculate the autocorrelation of Fitell Ordinary returns to help us make a trade decision. For example, suppose you find that Fitell Ordinary 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 |
Fitell Ordinary 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 Fitell Ordinary stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fitell Ordinary stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Fitell Ordinary stock over time.
Current vs Lagged Prices |
| Timeline |
Fitell Ordinary Lagged Returns
When evaluating Fitell Ordinary's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fitell Ordinary stock have on its future price. Fitell Ordinary 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, Fitell Ordinary autocorrelation shows the relationship between Fitell Ordinary stock current value and its past values and can show if there is a momentum factor associated with investing in Fitell Ordinary.
Regressed Prices |
| Timeline |
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Fitell Ordinary 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.