Firan Technology's market value is the price at which a share of Firan Technology trades on a public exchange. It measures the collective expectations of Firan Technology Group investors about its performance. Firan Technology is trading at 5.71 as of the 1st of February 2025. This is a 4.83% down since the beginning of the trading day. The stock's lowest day price was 5.71. With this module, you can estimate the performance of a buy and hold strategy of Firan Technology Group and determine expected loss or profit from investing in Firan Technology over a given investment horizon. Check out Firan Technology Correlation, Firan Technology Volatility and Firan Technology Alpha and Beta module to complement your research on Firan Technology.
Please note, there is a significant difference between Firan Technology's value and its price as these two are different measures arrived at by different means. Investors typically determine if Firan Technology is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Firan Technology'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.
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 otc 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.
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In 31 days
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If you would invest 0.00 in Firan Technology on January 2, 2025 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 Austal, Sky Harbour, CPI Aerostructures, VirTra, Astronics Corp, Park Electrochemical, and Satellogic. 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 otc 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.
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.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Firan Technology. Your research has to be compared to or analyzed against Firan Technology's peers to derive any actionable benefits. When done correctly, Firan Technology's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Firan Technology.
Firan Technology Backtested Returns
At this point, Firan Technology is somewhat reliable. Firan Technology secures Sharpe Ratio (or Efficiency) of 0.0991, which denotes the company had a 0.0991 % return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Firan Technology Group, which you can use to evaluate the volatility of the firm. Please confirm Firan Technology's Coefficient Of Variation of 869.73, mean deviation of 1.16, and Downside Deviation of 2.1 to check if the risk estimate we provide is consistent with the expected return of 0.19%. Firan Technology has a performance score of 7 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.32, which means possible diversification benefits within a given portfolio. As returns on the market increase, Firan Technology's returns are expected to increase less than the market. However, during the bear market, the loss of holding Firan Technology is expected to be smaller as well. Firan Technology right now shows a risk of 1.88%. Please confirm Firan Technology treynor ratio, expected short fall, day typical price, as well as the relationship between the potential upside and daily balance of power , to decide if Firan Technology will be following its price patterns.
Auto-correlation
-0.57
Good reverse predictability
Firan Technology Group has good reverse predictability. Overlapping area represents the amount of predictability between Firan Technology time series from 2nd of January 2025 to 17th of January 2025 and 17th of January 2025 to 1st of February 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 Firan Technology price movement. The serial correlation of -0.57 indicates that roughly 57.0% of current Firan Technology price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.57
Spearman Rank Test
-0.54
Residual Average
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Price Variance
0.1
Firan Technology lagged returns against current returns
Autocorrelation, which is Firan Technology otc 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 otc 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 otc 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 otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Firan Technology otc 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 otc 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 otc 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 otc stock current value and its past values and can show if there is a momentum factor associated with investing in Firan Technology Group.
Firan Technology financial ratios help investors to determine whether Firan OTC 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.