Fairfax Financial Holdings Stock Market Value
FFH Stock | CAD 1,460 8.00 0.54% |
Symbol | Fairfax |
Fairfax Financial Price To Book Ratio
Fairfax Financial '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 Fairfax Financial'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 Fairfax Financial.
02/28/2024 |
| 03/29/2024 |
If you would invest 0.00 in Fairfax Financial on February 28, 2024 and sell it all today you would earn a total of 0.00 from holding Fairfax Financial Holdings or generate 0.0% return on investment in Fairfax Financial over 30 days. Fairfax Financial is related to or competes with Richards Packaging, Royal Canadian, and North American. Fairfax Financial Holdings Limited, through its subsidiaries, provides property and casualty insurance and reinsurance, ... More
Fairfax Financial 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 Fairfax Financial'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 Fairfax Financial Holdings upside and downside potential and time the market with a certain degree of confidence.
Downside Deviation | 2.77 | |||
Information Ratio | 0.1037 | |||
Maximum Drawdown | 15.21 | |||
Value At Risk | (1.83) | |||
Potential Upside | 2.92 |
Fairfax Financial Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fairfax Financial's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fairfax Financial's standard deviation. In reality, there are many statistical measures that can use Fairfax Financial historical prices to predict the future Fairfax Financial's volatility.Risk Adjusted Performance | 0.101 | |||
Jensen Alpha | 0.2558 | |||
Total Risk Alpha | (0.13) | |||
Sortino Ratio | 0.0778 | |||
Treynor Ratio | 0.5012 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Fairfax Financial'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.
Fairfax Financial Backtested Returns
Fairfax Financial appears to be very steady, given 3 months investment horizon. Fairfax Financial secures Sharpe Ratio (or Efficiency) of 0.16, which denotes the company had a 0.16% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Fairfax Financial Holdings, which you can use to evaluate the volatility of the firm. Please utilize Fairfax Financial's Mean Deviation of 1.3, coefficient of variation of 593.47, and Downside Deviation of 2.77 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Fairfax Financial holds a performance score of 12. The firm shows a Beta (market volatility) of 0.68, which means possible diversification benefits within a given portfolio. As returns on the market increase, Fairfax Financial's returns are expected to increase less than the market. However, during the bear market, the loss of holding Fairfax Financial is expected to be smaller as well. Please check Fairfax Financial's standard deviation, value at risk, kurtosis, as well as the relationship between the sortino ratio and semi variance , to make a quick decision on whether Fairfax Financial's price patterns will revert.
Auto-correlation | -0.64 |
Very good reverse predictability
Fairfax Financial Holdings has very good reverse predictability. Overlapping area represents the amount of predictability between Fairfax Financial time series from 28th of February 2024 to 14th of March 2024 and 14th of March 2024 to 29th of March 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 Fairfax Financial price movement. The serial correlation of -0.64 indicates that roughly 64.0% of current Fairfax Financial price fluctuation can be explain by its past prices.
Correlation Coefficient | -0.64 | |
Spearman Rank Test | -0.59 | |
Residual Average | 0.0 | |
Price Variance | 714.51 |
Fairfax Financial lagged returns against current returns
Autocorrelation, which is Fairfax Financial 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 Fairfax Financial's stock expected returns. We can calculate the autocorrelation of Fairfax Financial returns to help us make a trade decision. For example, suppose you find that Fairfax Financial 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 |
Fairfax Financial 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 Fairfax Financial stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fairfax Financial stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Fairfax Financial stock over time.
Current vs Lagged Prices |
Timeline |
Fairfax Financial Lagged Returns
When evaluating Fairfax Financial's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fairfax Financial stock have on its future price. Fairfax Financial 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, Fairfax Financial autocorrelation shows the relationship between Fairfax Financial stock current value and its past values and can show if there is a momentum factor associated with investing in Fairfax Financial Holdings.
Regressed Prices |
Timeline |
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 Fairfax Financial 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, Fairfax Financial's short interest history, or implied volatility extrapolated from Fairfax Financial options trading.
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Try AI Portfolio ArchitectCheck out Fairfax Financial Correlation, Fairfax Financial Volatility and Fairfax Financial Alpha and Beta module to complement your research on Fairfax Financial. Note that the Fairfax Financial information on this page should be used as a complementary analysis to other Fairfax Financial's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.
Complementary Tools for Fairfax Stock analysis
When running Fairfax Financial's price analysis, check to measure Fairfax Financial'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 Fairfax Financial is operating at the current time. Most of Fairfax Financial's value examination focuses on studying past and present price action to predict the probability of Fairfax Financial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Fairfax Financial's price. Additionally, you may evaluate how the addition of Fairfax Financial to your portfolios can decrease your overall portfolio volatility.
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Fairfax Financial 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.