Fullnet Communications Stock Market Value
| FULO Stock | USD 0.26 0.04 13.33% |
| Symbol | FullNet |
FullNet Communications '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 FullNet Communications' 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 FullNet Communications.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in FullNet Communications on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding FullNet Communications or generate 0.0% return on investment in FullNet Communications over 30 days. FullNet Communications is related to or competes with ATT, Tele2 AB, Proximus, TelstraLimited, Singapore Telecommunicatio, Vodafone Group, and MTN Group. FullNet Communications, Inc., through its subsidiaries, provides integrated communications services to individuals, busi... More
FullNet Communications 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 FullNet Communications' 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 FullNet Communications upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 15.14 | |||
| Information Ratio | 0.0425 | |||
| Maximum Drawdown | 73.89 | |||
| Value At Risk | (12.50) | |||
| Potential Upside | 8.0 |
FullNet Communications Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for FullNet Communications' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as FullNet Communications' standard deviation. In reality, there are many statistical measures that can use FullNet Communications historical prices to predict the future FullNet Communications' volatility.| Risk Adjusted Performance | 0.0517 | |||
| Jensen Alpha | 0.5124 | |||
| Total Risk Alpha | (0.93) | |||
| Sortino Ratio | 0.027 | |||
| Treynor Ratio | 4.96 |
FullNet Communications Backtested Returns
As of now, FullNet Pink Sheet is out of control. FullNet Communications secures Sharpe Ratio (or Efficiency) of 0.0097, which denotes the company had a 0.0097% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for FullNet Communications, which you can use to evaluate the volatility of the firm. Please confirm FullNet Communications' Mean Deviation of 3.7, coefficient of variation of 1802.43, and Downside Deviation of 15.14 to check if the risk estimate we provide is consistent with the expected return of 0.0782%. The firm shows a Beta (market volatility) of 0.11, which means not very significant fluctuations relative to the market. As returns on the market increase, FullNet Communications' returns are expected to increase less than the market. However, during the bear market, the loss of holding FullNet Communications is expected to be smaller as well. FullNet Communications right now shows a risk of 8.09%. Please confirm FullNet Communications sortino ratio and the relationship between the downside variance and period momentum indicator , to decide if FullNet Communications will be following its price patterns.
Auto-correlation | -0.7 |
Very good reverse predictability
FullNet Communications has very good reverse predictability. Overlapping area represents the amount of predictability between FullNet Communications time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 FullNet Communications price movement. The serial correlation of -0.7 indicates that around 70.0% of current FullNet Communications price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.7 | |
| Spearman Rank Test | -0.4 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
FullNet Communications lagged returns against current returns
Autocorrelation, which is FullNet Communications 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 FullNet Communications' pink sheet expected returns. We can calculate the autocorrelation of FullNet Communications returns to help us make a trade decision. For example, suppose you find that FullNet Communications 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 |
FullNet Communications 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 FullNet Communications pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if FullNet Communications pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in FullNet Communications pink sheet over time.
Current vs Lagged Prices |
| Timeline |
FullNet Communications Lagged Returns
When evaluating FullNet Communications' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of FullNet Communications pink sheet have on its future price. FullNet Communications 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, FullNet Communications autocorrelation shows the relationship between FullNet Communications pink sheet current value and its past values and can show if there is a momentum factor associated with investing in FullNet Communications.
Regressed Prices |
| Timeline |
Pair Trading with FullNet Communications
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 FullNet Communications 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 FullNet Communications will appreciate offsetting losses from the drop in the long position's value.Moving against FullNet Pink Sheet
| 0.36 | KB | KB Financial Group | PairCorr |
| 0.32 | HPQ | HP Inc | PairCorr |
| 0.31 | CAT | Caterpillar Fiscal Year End 3rd of February 2025 | PairCorr |
The ability to find closely correlated positions to FullNet Communications could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace FullNet Communications 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 FullNet Communications - 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 FullNet Communications to buy it.
The correlation of FullNet Communications 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 FullNet Communications moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if FullNet Communications 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 FullNet Communications 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 FullNet Pink Sheet
FullNet Communications financial ratios help investors to determine whether FullNet Pink Sheet 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 FullNet with respect to the benefits of owning FullNet Communications security.