Flotek Industries Stock Market Value
| FTK Stock | USD 8.11 0.06 0.73% |
| Symbol | Flotek |
Flotek Industries Price To Book Ratio
Is Specialty Chemicals 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 Flotek Industries. If investors know Flotek 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 Flotek Industries listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 1 | Earnings Share 0.24 | Revenue Per Share 6.052 | Quarterly Revenue Growth 0.052 | Return On Assets 0.0255 |
The market value of Flotek Industries is measured differently than its book value, which is the value of Flotek that is recorded on the company's balance sheet. Investors also form their own opinion of Flotek Industries' value that differs from its market value or its book value, called intrinsic value, which is Flotek Industries' 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 Flotek Industries' market value can be influenced by many factors that don't directly affect Flotek Industries' 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 Flotek Industries' value and its price as these two are different measures arrived at by different means. Investors typically determine if Flotek Industries is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Flotek Industries' 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.
Flotek Industries '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 Flotek Industries' 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 Flotek Industries.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Flotek Industries on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Flotek Industries or generate 0.0% return on investment in Flotek Industries over 30 days. Flotek Industries is related to or competes with ProPetro Holding, Liberty Oilfield, KLX Energy, MRC Global, Oil States, Ranger Energy, and Geospace Technologies. Flotek Industries, Inc. operates as a technology-driven chemistry and data company that serves customers across industri... More
Flotek Industries 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 Flotek Industries' 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 Flotek Industries upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.92 | |||
| Information Ratio | 0.2151 | |||
| Maximum Drawdown | 27.73 | |||
| Value At Risk | (4.66) | |||
| Potential Upside | 9.1 |
Flotek Industries Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Flotek Industries' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Flotek Industries' standard deviation. In reality, there are many statistical measures that can use Flotek Industries historical prices to predict the future Flotek Industries' volatility.| Risk Adjusted Performance | 0.1951 | |||
| Jensen Alpha | 0.85 | |||
| Total Risk Alpha | 0.3803 | |||
| Sortino Ratio | 0.3221 | |||
| Treynor Ratio | 0.6019 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Flotek Industries' 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.
Flotek Industries Backtested Returns
Flotek Industries is moderately volatile given 3 months investment horizon. Flotek Industries secures Sharpe Ratio (or Efficiency) of 0.25, which denotes the company had a 0.25% return per unit of risk over the last 3 months. We were able to interpolate and analyze data for twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.12% are justified by taking the suggested risk. Use Flotek Industries Mean Deviation of 2.86, downside deviation of 2.92, and Coefficient Of Variation of 408.97 to evaluate company specific risk that cannot be diversified away. Flotek Industries holds a performance score of 19 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of 1.76, 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, Flotek Industries will likely underperform. Use Flotek Industries semi variance, and the relationship between the treynor ratio and daily balance of power , to analyze future returns on Flotek Industries.
Auto-correlation | 0.74 |
Good predictability
Flotek Industries has good predictability. Overlapping area represents the amount of predictability between Flotek Industries 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 Flotek Industries price movement. The serial correlation of 0.74 indicates that around 74.0% of current Flotek Industries price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.74 | |
| Spearman Rank Test | 0.75 | |
| Residual Average | 0.0 | |
| Price Variance | 0.09 |
Flotek Industries lagged returns against current returns
Autocorrelation, which is Flotek Industries 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 Flotek Industries' stock expected returns. We can calculate the autocorrelation of Flotek Industries returns to help us make a trade decision. For example, suppose you find that Flotek Industries 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 |
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Flotek Industries 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 Flotek Industries stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Flotek Industries stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Flotek Industries stock over time.
Current vs Lagged Prices |
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Flotek Industries Lagged Returns
When evaluating Flotek Industries' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Flotek Industries stock have on its future price. Flotek Industries 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, Flotek Industries autocorrelation shows the relationship between Flotek Industries stock current value and its past values and can show if there is a momentum factor associated with investing in Flotek Industries.
Regressed Prices |
| Timeline |
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Flotek Industries 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.