Fulton Financial Preferred Stock Market Value
| FULTP Preferred Stock | USD 20.87 0.47 2.30% |
| Symbol | Fulton |
Fulton Financial '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 Fulton Financial's preferred 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 Fulton Financial.
| 12/07/2022 |
| 11/26/2024 |
If you would invest 0.00 in Fulton Financial on December 7, 2022 and sell it all today you would earn a total of 0.00 from holding Fulton Financial or generate 0.0% return on investment in Fulton Financial over 720 days. Fulton Financial is related to or competes with First Citizens, Fifth Third, Dime Community, Heartland Financial, and CNB Financial. Fulton Financial Corporation operates as a financial holding company that provides consumer and commercial banking produ... More
Fulton Financial 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 Fulton Financial's preferred 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 Fulton Financial upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.07 | |||
| Information Ratio | 0.0643 | |||
| Maximum Drawdown | 4.37 | |||
| Value At Risk | (1.58) | |||
| Potential Upside | 1.71 |
Fulton Financial Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fulton Financial's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fulton Financial's standard deviation. In reality, there are many statistical measures that can use Fulton Financial historical prices to predict the future Fulton Financial's volatility.| Risk Adjusted Performance | 0.1525 | |||
| Jensen Alpha | 0.1351 | |||
| Total Risk Alpha | 0.0282 | |||
| Sortino Ratio | 0.0599 | |||
| Treynor Ratio | 0.4499 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Fulton Financial's 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.
Fulton Financial Backtested Returns
Fulton Financial appears to be very steady, given 3 months investment horizon. Fulton Financial secures Sharpe Ratio (or Efficiency) of 0.21, which denotes the company had a 0.21% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Fulton Financial, which you can use to evaluate the volatility of the firm. Please utilize Fulton Financial's Mean Deviation of 0.7966, downside deviation of 1.07, and Coefficient Of Variation of 510.45 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Fulton Financial holds a performance score of 16. The firm shows a Beta (market volatility) of 0.41, which means possible diversification benefits within a given portfolio. As returns on the market increase, Fulton Financial's returns are expected to increase less than the market. However, during the bear market, the loss of holding Fulton Financial is expected to be smaller as well. Please check Fulton Financial's treynor ratio, as well as the relationship between the expected short fall and day median price , to make a quick decision on whether Fulton Financial's price patterns will revert.
Auto-correlation | -0.71 |
Almost perfect reverse predictability
Fulton Financial has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Fulton Financial time series from 7th of December 2022 to 2nd of December 2023 and 2nd of December 2023 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 Fulton Financial price movement. The serial correlation of -0.71 indicates that around 71.0% of current Fulton Financial price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.71 | |
| Spearman Rank Test | -0.59 | |
| Residual Average | 0.0 | |
| Price Variance | 1.73 |
Fulton Financial lagged returns against current returns
Autocorrelation, which is Fulton Financial preferred 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 Fulton Financial's preferred stock expected returns. We can calculate the autocorrelation of Fulton Financial returns to help us make a trade decision. For example, suppose you find that Fulton Financial has exhibited high autocorrelation historically, and you observe that the preferred 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 |
Fulton Financial 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 Fulton Financial preferred stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fulton Financial preferred stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Fulton Financial preferred stock over time.
Current vs Lagged Prices |
| Timeline |
Fulton Financial Lagged Returns
When evaluating Fulton Financial's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fulton Financial preferred stock have on its future price. Fulton Financial 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, Fulton Financial autocorrelation shows the relationship between Fulton Financial preferred stock current value and its past values and can show if there is a momentum factor associated with investing in Fulton Financial.
Regressed Prices |
| Timeline |
Pair Trading with Fulton Financial
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 Fulton Financial 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 Fulton Financial will appreciate offsetting losses from the drop in the long position's value.Moving together with Fulton Preferred Stock
The ability to find closely correlated positions to Fulton Financial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Fulton Financial 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 Fulton Financial - 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 Fulton Financial to buy it.
The correlation of Fulton Financial 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 Fulton Financial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Fulton Financial 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 Fulton Financial 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.Additional Tools for Fulton Preferred Stock Analysis
When running Fulton Financial's price analysis, check to measure Fulton Financial's 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 Fulton Financial is operating at the current time. Most of Fulton Financial's value examination focuses on studying past and present price action to predict the probability of Fulton Financial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Fulton Financial's price. Additionally, you may evaluate how the addition of Fulton Financial to your portfolios can decrease your overall portfolio volatility.