Furukawa Electric Co Stock Market Value

FUWAF Stock  USD 38.00  0.00  0.00%   
Furukawa Electric's market value is the price at which a share of Furukawa Electric trades on a public exchange. It measures the collective expectations of Furukawa Electric Co investors about its performance. Furukawa Electric is trading at 38.00 as of the 29th of November 2024. This is a No Change since the beginning of the trading day. The stock's lowest day price was 38.0.
With this module, you can estimate the performance of a buy and hold strategy of Furukawa Electric Co and determine expected loss or profit from investing in Furukawa Electric over a given investment horizon. Check out Furukawa Electric Correlation, Furukawa Electric Volatility and Furukawa Electric Alpha and Beta module to complement your research on Furukawa Electric.
Symbol

Please note, there is a significant difference between Furukawa Electric's value and its price as these two are different measures arrived at by different means. Investors typically determine if Furukawa Electric is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Furukawa Electric's 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.

Furukawa Electric '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 Furukawa Electric's 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 Furukawa Electric.
0.00
06/08/2023
No Change 0.00  0.0 
In 1 year 5 months and 25 days
11/29/2024
0.00
If you would invest  0.00  in Furukawa Electric on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding Furukawa Electric Co or generate 0.0% return on investment in Furukawa Electric over 540 days. Furukawa Electric is related to or competes with AFC Energy, Sunrise New, Energizer Holdings, and Alfen NV. Furukawa Electric Co., Ltd. manufactures and sells telecommunications, energy, automobile, electronic, and construction ... More

Furukawa Electric 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 Furukawa Electric's 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 Furukawa Electric Co upside and downside potential and time the market with a certain degree of confidence.

Furukawa Electric Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Furukawa Electric's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Furukawa Electric's standard deviation. In reality, there are many statistical measures that can use Furukawa Electric historical prices to predict the future Furukawa Electric's volatility.
Hype
Prediction
LowEstimatedHigh
33.7938.0042.21
Details
Intrinsic
Valuation
LowRealHigh
29.4433.6541.80
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Furukawa Electric. Your research has to be compared to or analyzed against Furukawa Electric's peers to derive any actionable benefits. When done correctly, Furukawa Electric's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Furukawa Electric.

Furukawa Electric Backtested Returns

Furukawa Electric appears to be not too volatile, given 3 months investment horizon. Furukawa Electric secures Sharpe Ratio (or Efficiency) of 0.14, which denotes the company had a 0.14% return per unit of risk over the last 3 months. By reviewing Furukawa Electric's technical indicators, you can evaluate if the expected return of 0.59% is justified by implied risk. Please utilize Furukawa Electric's Standard Deviation of 4.11, variance of 16.93, and Mean Deviation of 1.23 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Furukawa Electric holds a performance score of 11. 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, returns on owning Furukawa Electric are expected to decrease at a much lower rate. During the bear market, Furukawa Electric is likely to outperform the market. Please check Furukawa Electric's treynor ratio, kurtosis, as well as the relationship between the Kurtosis and day typical price , to make a quick decision on whether Furukawa Electric's price patterns will revert.

Auto-correlation

    
  0.20  

Weak predictability

Furukawa Electric Co has weak predictability. Overlapping area represents the amount of predictability between Furukawa Electric time series from 8th of June 2023 to 4th of March 2024 and 4th of March 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 Furukawa Electric price movement. The serial correlation of 0.2 indicates that over 20.0% of current Furukawa Electric price fluctuation can be explain by its past prices.
Correlation Coefficient0.2
Spearman Rank Test0.62
Residual Average0.0
Price Variance6.44

Furukawa Electric lagged returns against current returns

Autocorrelation, which is Furukawa Electric 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 Furukawa Electric's pink sheet expected returns. We can calculate the autocorrelation of Furukawa Electric returns to help us make a trade decision. For example, suppose you find that Furukawa Electric 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   
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Furukawa Electric 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 Furukawa Electric pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Furukawa Electric pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Furukawa Electric pink sheet over time.
   Current vs Lagged Prices   
       Timeline  

Furukawa Electric Lagged Returns

When evaluating Furukawa Electric's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Furukawa Electric pink sheet have on its future price. Furukawa Electric 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, Furukawa Electric autocorrelation shows the relationship between Furukawa Electric pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Furukawa Electric Co.
   Regressed Prices   
       Timeline  

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Other Information on Investing in Furukawa Pink Sheet

Furukawa Electric financial ratios help investors to determine whether Furukawa 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 Furukawa with respect to the benefits of owning Furukawa Electric security.