Firan Technology Group Stock Market Value
| FTG Stock | CAD 7.42 0.10 1.33% |
| Symbol | Firan |
Firan Technology Price To Book Ratio
Firan Technology '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 Firan Technology'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 Firan Technology.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Firan Technology on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Firan Technology Group or generate 0.0% return on investment in Firan Technology over 30 days. Firan Technology is related to or competes with Hammond Power, Questor Technology, Vecima Networks, and Heroux Devtek. Firan Technology Group Corporation manufactures and sells printed circuit boards, illuminated cockpit display panels, an... More
Firan Technology 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 Firan Technology'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 Firan Technology Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.51 | |||
| Information Ratio | 0.1307 | |||
| Maximum Drawdown | 13.03 | |||
| Value At Risk | (1.45) | |||
| Potential Upside | 3.19 |
Firan Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Firan Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Firan Technology's standard deviation. In reality, there are many statistical measures that can use Firan Technology historical prices to predict the future Firan Technology's volatility.| Risk Adjusted Performance | 0.1576 | |||
| Jensen Alpha | 0.4273 | |||
| Total Risk Alpha | 0.0684 | |||
| Sortino Ratio | 0.1697 | |||
| Treynor Ratio | (0.90) |
Firan Technology Backtested Returns
Firan Technology appears to be somewhat reliable, given 3 months investment horizon. Firan Technology secures Sharpe Ratio (or Efficiency) of 0.17, which denotes the company had a 0.17% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Firan Technology Group, which you can use to evaluate the volatility of the firm. Please utilize Firan Technology's Coefficient Of Variation of 506.27, downside deviation of 1.51, and Mean Deviation of 1.29 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Firan Technology holds a performance score of 13. The firm shows a Beta (market volatility) of -0.42, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Firan Technology are expected to decrease at a much lower rate. During the bear market, Firan Technology is likely to outperform the market. Please check Firan Technology's semi variance, and the relationship between the maximum drawdown and accumulation distribution , to make a quick decision on whether Firan Technology's price patterns will revert.
Auto-correlation | -0.13 |
Insignificant reverse predictability
Firan Technology Group has insignificant reverse predictability. Overlapping area represents the amount of predictability between Firan Technology time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 Firan Technology price movement. The serial correlation of -0.13 indicates that less than 13.0% of current Firan Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.13 | |
| Spearman Rank Test | -0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Firan Technology lagged returns against current returns
Autocorrelation, which is Firan Technology 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 Firan Technology's stock expected returns. We can calculate the autocorrelation of Firan Technology returns to help us make a trade decision. For example, suppose you find that Firan Technology 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 |
Firan Technology 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 Firan Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Firan Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Firan Technology stock over time.
Current vs Lagged Prices |
| Timeline |
Firan Technology Lagged Returns
When evaluating Firan Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Firan Technology stock have on its future price. Firan Technology 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, Firan Technology autocorrelation shows the relationship between Firan Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Firan Technology Group.
Regressed Prices |
| Timeline |
Pair Trading with Firan Technology
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 Firan Technology 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 Firan Technology will appreciate offsetting losses from the drop in the long position's value.Moving against Firan Stock
The ability to find closely correlated positions to Firan Technology could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Firan Technology 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 Firan Technology - 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 Firan Technology Group to buy it.
The correlation of Firan Technology 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 Firan Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Firan Technology 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 Firan Technology 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 Firan Stock
Firan Technology financial ratios help investors to determine whether Firan 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 Firan with respect to the benefits of owning Firan Technology security.