Futuris Company Stock Market Value
| FTRS Stock | USD 0.02 0 6.03% |
| Symbol | Futuris |
Futuris '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 Futuris' pink sheet 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 Futuris.
| 01/03/2025 |
| 02/02/2025 |
If you would invest 0.00 in Futuris on January 3, 2025 and sell it all today you would earn a total of 0.00 from holding Futuris Company or generate 0.0% return on investment in Futuris over 30 days. Futuris is related to or competes with Randstad Holdings, Caldwell Partners, TrueBlue, Hirequest, Kelly Services, and Adecco. Futuris Technology Services, Inc. provides technology staffing services and workforce solutions More
Futuris 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 Futuris' pink sheet 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 Futuris Company upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 15.18 | |||
| Information Ratio | 0.0602 | |||
| Maximum Drawdown | 40.96 | |||
| Value At Risk | (13.41) | |||
| Potential Upside | 19.16 |
Futuris Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Futuris' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Futuris' standard deviation. In reality, there are many statistical measures that can use Futuris historical prices to predict the future Futuris' volatility.| Risk Adjusted Performance | 0.0675 | |||
| Jensen Alpha | 0.4708 | |||
| Total Risk Alpha | (0.11) | |||
| Sortino Ratio | 0.0329 | |||
| Treynor Ratio | 0.402 |
Futuris Company Backtested Returns
Futuris appears to be out of control, given 3 months investment horizon. Futuris Company secures Sharpe Ratio (or Efficiency) of 0.12, which denotes the company had a 0.12 % return per unit of risk over the last 3 months. By reviewing Futuris' technical indicators, you can evaluate if the expected return of 0.93% is justified by implied risk. Please utilize Futuris' Mean Deviation of 4.58, coefficient of variation of 1434.29, and Downside Deviation of 15.18 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Futuris holds a performance score of 9. The firm shows a Beta (market volatility) of 1.41, 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, Futuris will likely underperform. Please check Futuris' jensen alpha, potential upside, as well as the relationship between the Potential Upside and daily balance of power , to make a quick decision on whether Futuris' price patterns will revert.
Auto-correlation | -0.05 |
Very weak reverse predictability
Futuris Company has very weak reverse predictability. Overlapping area represents the amount of predictability between Futuris time series from 3rd of January 2025 to 18th of January 2025 and 18th of January 2025 to 2nd 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 Futuris Company price movement. The serial correlation of -0.05 indicates that only as little as 5.0% of current Futuris price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.05 | |
| Spearman Rank Test | -0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Futuris Company lagged returns against current returns
Autocorrelation, which is Futuris pink sheet'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 Futuris' pink sheet expected returns. We can calculate the autocorrelation of Futuris returns to help us make a trade decision. For example, suppose you find that Futuris has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Futuris 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 Futuris pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Futuris pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Futuris pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Futuris Lagged Returns
When evaluating Futuris' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Futuris pink sheet have on its future price. Futuris 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, Futuris autocorrelation shows the relationship between Futuris pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Futuris Company.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Futuris Pink Sheet Analysis
When running Futuris' price analysis, check to measure Futuris' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Futuris is operating at the current time. Most of Futuris' value examination focuses on studying past and present price action to predict the probability of Futuris' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Futuris' price. Additionally, you may evaluate how the addition of Futuris to your portfolios can decrease your overall portfolio volatility.