Fabrinet Stock Market Value
| FN Stock | USD 165.20 0.92 0.55% |
| Symbol | Fabrinet |
Fabrinet Price To Book Ratio
Is Fabrinet's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Fabrinet. If investors know Fabrinet will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Fabrinet listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.105 | Earnings Share 6.93 | Revenue Per Share 74.744 | Quarterly Revenue Growth 0.066 | Return On Assets 0.0803 |
The market value of Fabrinet is measured differently than its book value, which is the value of Fabrinet that is recorded on the company's balance sheet. Investors also form their own opinion of Fabrinet's value that differs from its market value or its book value, called intrinsic value, which is Fabrinet's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Fabrinet's market value can be influenced by many factors that don't directly affect Fabrinet's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Fabrinet's value and its price as these two are different measures arrived at by different means. Investors typically determine if Fabrinet is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fabrinet'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.
Fabrinet '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 Fabrinet'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 Fabrinet.
| 04/29/2022 |
| 04/18/2024 |
If you would invest 0.00 in Fabrinet on April 29, 2022 and sell it all today you would earn a total of 0.00 from holding Fabrinet or generate 0.0% return on investment in Fabrinet over 720 days. Fabrinet is related to or competes with Plexus Corp, Jabil Circuit, Rogers, Amphenol, Sanmina, Benchmark Electronics, and Methode Electronics. Fabrinet provides optical packaging and precision optical, electro-mechanical, and electronic manufacturing services in ... More
Fabrinet 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 Fabrinet'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 Fabrinet upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 23.95 | |||
| Value At Risk | (5.96) | |||
| Potential Upside | 5.53 |
Fabrinet Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fabrinet's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fabrinet's standard deviation. In reality, there are many statistical measures that can use Fabrinet historical prices to predict the future Fabrinet's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.17) | |||
| Total Risk Alpha | (0.40) | |||
| Treynor Ratio | (0.13) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Fabrinet'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.
Fabrinet Backtested Returns
Fabrinet secures Sharpe Ratio (or Efficiency) of -0.0632, which denotes the company had a -0.0632% return per unit of standard deviation over the last 3 months. Fabrinet exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Fabrinet's Mean Deviation of 2.44, coefficient of variation of (3,165), and Standard Deviation of 3.73 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.95, which means possible diversification benefits within a given portfolio. Fabrinet returns are very sensitive to returns on the market. As the market goes up or down, Fabrinet is expected to follow. Fabrinet has an expected return of -0.23%. Please make sure to confirm Fabrinet value at risk, and the relationship between the jensen alpha and accumulation distribution , to decide if Fabrinet performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.73 |
Good predictability
Fabrinet has good predictability. Overlapping area represents the amount of predictability between Fabrinet time series from 29th of April 2022 to 24th of April 2023 and 24th of April 2023 to 18th of April 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 Fabrinet price movement. The serial correlation of 0.73 indicates that around 73.0% of current Fabrinet price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.73 | |
| Spearman Rank Test | 0.67 | |
| Residual Average | 0.0 | |
| Price Variance | 1281.39 |
Fabrinet lagged returns against current returns
Autocorrelation, which is Fabrinet 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 Fabrinet's stock expected returns. We can calculate the autocorrelation of Fabrinet returns to help us make a trade decision. For example, suppose you find that Fabrinet 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 |
Fabrinet 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 Fabrinet stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fabrinet stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Fabrinet stock over time.
Current vs Lagged Prices |
| Timeline |
Fabrinet Lagged Returns
When evaluating Fabrinet's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fabrinet stock have on its future price. Fabrinet 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, Fabrinet autocorrelation shows the relationship between Fabrinet stock current value and its past values and can show if there is a momentum factor associated with investing in Fabrinet.
Regressed Prices |
| Timeline |
Fabrinet Investors Sentiment
The influence of Fabrinet's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Fabrinet. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Fabrinet's public news can be used to forecast risks associated with an investment in Fabrinet. The trend in average sentiment can be used to explain how an investor holding Fabrinet can time the market purely based on public headlines and social activities around Fabrinet. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Fabrinet's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Fabrinet's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Fabrinet's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Fabrinet.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Fabrinet in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Fabrinet's short interest history, or implied volatility extrapolated from Fabrinet options trading.
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Try AI Portfolio ArchitectCheck out Fabrinet Correlation, Fabrinet Volatility and Fabrinet Alpha and Beta module to complement your research on Fabrinet. To learn how to invest in Fabrinet Stock, please use our How to Invest in Fabrinet guide.You can also try the Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.
Complementary Tools for Fabrinet Stock analysis
When running Fabrinet's price analysis, check to measure Fabrinet'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 Fabrinet is operating at the current time. Most of Fabrinet's value examination focuses on studying past and present price action to predict the probability of Fabrinet's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Fabrinet's price. Additionally, you may evaluate how the addition of Fabrinet to your portfolios can decrease your overall portfolio volatility.
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Fabrinet technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.