FD Technologies (Ireland) Market Value
| GYQ Stock | EUR 21.40 0.00 0.00% |
| Symbol | GYQ |
FD Technologies '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 FD Technologies' 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 FD Technologies.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in FD Technologies on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding FD Technologies PLC or generate 0.0% return on investment in FD Technologies over 30 days. FD Technologies is related to or competes with Dalata Hotel, Uniphar Group, Origin Enterprises, Bank of Ireland, and Donegal Investment. More
FD Technologies 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 FD Technologies' 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 FD Technologies PLC upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0759 | |||
| Maximum Drawdown | 12.63 | |||
| Potential Upside | 1.09 |
FD Technologies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for FD Technologies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as FD Technologies' standard deviation. In reality, there are many statistical measures that can use FD Technologies historical prices to predict the future FD Technologies' volatility.| Risk Adjusted Performance | 0.1252 | |||
| Jensen Alpha | 0.257 | |||
| Total Risk Alpha | (0.01) | |||
| Treynor Ratio | (1.56) |
FD Technologies PLC Backtested Returns
FD Technologies appears to be very steady, given 3 months investment horizon. FD Technologies PLC retains Efficiency (Sharpe Ratio) of 0.16, which denotes the company had a 0.16% return per unit of price deviation over the last 3 months. We have found seventeen technical indicators for FD Technologies, which you can use to evaluate the volatility of the firm. Please utilize FD Technologies' Market Risk Adjusted Performance of (1.55), standard deviation of 1.58, and Information Ratio of 0.0759 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, FD Technologies holds a performance score of 12. The firm owns a Beta (Systematic Risk) of -0.15, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning FD Technologies are expected to decrease at a much lower rate. During the bear market, FD Technologies is likely to outperform the market. Please check FD Technologies' mean deviation, information ratio, skewness, as well as the relationship between the standard deviation and maximum drawdown , to make a quick decision on whether FD Technologies' current price history will revert.
Auto-correlation | -0.42 |
Modest reverse predictability
FD Technologies PLC has modest reverse predictability. Overlapping area represents the amount of predictability between FD Technologies 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 FD Technologies PLC price movement. The serial correlation of -0.42 indicates that just about 42.0% of current FD Technologies price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.42 | |
| Spearman Rank Test | -0.4 | |
| Residual Average | 0.0 | |
| Price Variance | 0.48 |
FD Technologies PLC lagged returns against current returns
Autocorrelation, which is FD Technologies 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 FD Technologies' stock expected returns. We can calculate the autocorrelation of FD Technologies returns to help us make a trade decision. For example, suppose you find that FD Technologies 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 |
FD Technologies 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 FD Technologies stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if FD Technologies stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in FD Technologies stock over time.
Current vs Lagged Prices |
| Timeline |
FD Technologies Lagged Returns
When evaluating FD Technologies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of FD Technologies stock have on its future price. FD Technologies 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, FD Technologies autocorrelation shows the relationship between FD Technologies stock current value and its past values and can show if there is a momentum factor associated with investing in FD Technologies PLC.
Regressed Prices |
| Timeline |
Pair Trading with FD Technologies
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 FD Technologies 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 FD Technologies will appreciate offsetting losses from the drop in the long position's value.Moving together with GYQ Stock
Moving against GYQ Stock
| 0.85 | UPR | Uniphar Group PLC | PairCorr |
| 0.57 | KRX | Kingspan Group plc | PairCorr |
| 0.4 | EG7 | FBD Holdings PLC | PairCorr |
The ability to find closely correlated positions to FD Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace FD Technologies 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 FD Technologies - 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 FD Technologies PLC to buy it.
The correlation of FD Technologies 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 FD Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if FD Technologies PLC 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 FD Technologies 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 GYQ Stock Analysis
When running FD Technologies' price analysis, check to measure FD Technologies' 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 FD Technologies is operating at the current time. Most of FD Technologies' value examination focuses on studying past and present price action to predict the probability of FD Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move FD Technologies' price. Additionally, you may evaluate how the addition of FD Technologies to your portfolios can decrease your overall portfolio volatility.