Futura Medical (UK) Market Value
| FUM Stock | 33.67 0.75 2.28% |
| Symbol | Futura |
Futura Medical '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 Futura Medical's 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 Futura Medical.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Futura Medical on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Futura Medical or generate 0.0% return on investment in Futura Medical over 30 days. Futura Medical is related to or competes with Samsung Electronics, Samsung Electronics, Hyundai, Toyota, Reliance Industries, MOL Hungarian, and State Bank. Futura Medical is entity of United Kingdom More
Futura Medical 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 Futura Medical's 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 Futura Medical upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.52 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 26.57 | |||
| Value At Risk | (3.99) | |||
| Potential Upside | 3.73 |
Futura Medical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Futura Medical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Futura Medical's standard deviation. In reality, there are many statistical measures that can use Futura Medical historical prices to predict the future Futura Medical's volatility.| Risk Adjusted Performance | 0.0238 | |||
| Jensen Alpha | 0.0475 | |||
| Total Risk Alpha | (0.49) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.4332 |
Futura Medical Backtested Returns
At this point, Futura Medical is not too volatile. Futura Medical secures Sharpe Ratio (or Efficiency) of 0.0084, which denotes the company had a 0.0084% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Futura Medical, which you can use to evaluate the volatility of the firm. Please confirm Futura Medical's Downside Deviation of 2.52, coefficient of variation of 4786.25, and Mean Deviation of 2.11 to check if the risk estimate we provide is consistent with the expected return of 0.0306%. The firm shows a Beta (market volatility) of 0.15, which means not very significant fluctuations relative to the market. As returns on the market increase, Futura Medical's returns are expected to increase less than the market. However, during the bear market, the loss of holding Futura Medical is expected to be smaller as well. Futura Medical right now shows a risk of 3.65%. Please confirm Futura Medical sortino ratio, potential upside, skewness, as well as the relationship between the maximum drawdown and semi variance , to decide if Futura Medical will be following its price patterns.
Auto-correlation | -0.35 |
Poor reverse predictability
Futura Medical has poor reverse predictability. Overlapping area represents the amount of predictability between Futura Medical time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 Futura Medical price movement. The serial correlation of -0.35 indicates that nearly 35.0% of current Futura Medical price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.35 | |
| Spearman Rank Test | -0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 1.75 |
Futura Medical lagged returns against current returns
Autocorrelation, which is Futura Medical 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 Futura Medical's stock expected returns. We can calculate the autocorrelation of Futura Medical returns to help us make a trade decision. For example, suppose you find that Futura Medical 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 |
| Timeline |
Futura Medical 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 Futura Medical stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Futura Medical stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Futura Medical stock over time.
Current vs Lagged Prices |
| Timeline |
Futura Medical Lagged Returns
When evaluating Futura Medical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Futura Medical stock have on its future price. Futura Medical 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, Futura Medical autocorrelation shows the relationship between Futura Medical stock current value and its past values and can show if there is a momentum factor associated with investing in Futura Medical.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Futura Stock
Futura Medical financial ratios help investors to determine whether Futura 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 Futura with respect to the benefits of owning Futura Medical security.