FNSTech (Korea) Market Value
| 083500 Stock | 11,970 230.00 1.89% |
| Symbol | FNSTech |
Please note, there is a significant difference between FNSTech's value and its price as these two are different measures arrived at by different means. Investors typically determine if FNSTech is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, FNSTech'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.
FNSTech '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 FNSTech'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 FNSTech.
| 04/23/2024 |
| 05/23/2024 |
If you would invest 0.00 in FNSTech on April 23, 2024 and sell it all today you would earn a total of 0.00 from holding FNSTech Co or generate 0.0% return on investment in FNSTech over 30 days. FNSTech is related to or competes with Samsung Electronics, Samsung Electronics, LG Energy, SK Hynix, Samsung Biologics, LG Chem, and LG Chemicals. More
FNSTech 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 FNSTech'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 FNSTech Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.84 | |||
| Information Ratio | 0.0456 | |||
| Maximum Drawdown | 45.34 | |||
| Value At Risk | (4.19) | |||
| Potential Upside | 5.9 |
FNSTech Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for FNSTech's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as FNSTech's standard deviation. In reality, there are many statistical measures that can use FNSTech historical prices to predict the future FNSTech's volatility.| Risk Adjusted Performance | 0.0433 | |||
| Jensen Alpha | 0.3253 | |||
| Total Risk Alpha | (0.33) | |||
| Sortino Ratio | 0.065 | |||
| Treynor Ratio | (2.76) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of FNSTech'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.
FNSTech Backtested Returns
FNSTech appears to be very steady, given 3 months investment horizon. FNSTech secures Sharpe Ratio (or Efficiency) of 0.0643, which denotes the company had a 0.0643% return per unit of volatility over the last 3 months. We have found thirty technical indicators for FNSTech Co, which you can use to evaluate the volatility of the firm. Please utilize FNSTech's Mean Deviation of 3.25, downside deviation of 3.84, and Market Risk Adjusted Performance of (2.75) to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, FNSTech holds a performance score of 5. The firm shows a Beta (market volatility) of -0.12, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning FNSTech are expected to decrease at a much lower rate. During the bear market, FNSTech is likely to outperform the market. Please check FNSTech's coefficient of variation, jensen alpha, sortino ratio, as well as the relationship between the standard deviation and total risk alpha , to make a quick decision on whether FNSTech's price patterns will revert.
Auto-correlation | 0.37 |
Below average predictability
FNSTech Co has below average predictability. Overlapping area represents the amount of predictability between FNSTech time series from 23rd of April 2024 to 8th of May 2024 and 8th of May 2024 to 23rd of May 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 FNSTech price movement. The serial correlation of 0.37 indicates that just about 37.0% of current FNSTech price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.37 | |
| Spearman Rank Test | 0.54 | |
| Residual Average | 0.0 | |
| Price Variance | 103.2 K |
FNSTech lagged returns against current returns
Autocorrelation, which is FNSTech 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 FNSTech's stock expected returns. We can calculate the autocorrelation of FNSTech returns to help us make a trade decision. For example, suppose you find that FNSTech 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 |
FNSTech 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 FNSTech stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if FNSTech stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in FNSTech stock over time.
Current vs Lagged Prices |
| Timeline |
FNSTech Lagged Returns
When evaluating FNSTech's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of FNSTech stock have on its future price. FNSTech 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, FNSTech autocorrelation shows the relationship between FNSTech stock current value and its past values and can show if there is a momentum factor associated with investing in FNSTech Co.
Regressed Prices |
| Timeline |
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Complementary Tools for FNSTech Stock analysis
When running FNSTech's price analysis, check to measure FNSTech'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 FNSTech is operating at the current time. Most of FNSTech's value examination focuses on studying past and present price action to predict the probability of FNSTech's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move FNSTech's price. Additionally, you may evaluate how the addition of FNSTech to your portfolios can decrease your overall portfolio volatility.
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FNSTech 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.