Fieratex (Greece) Market Value
| FIER Stock | EUR 0.36 0.01 2.70% |
| Symbol | Fieratex |
Fieratex '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 Fieratex'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 Fieratex.
| 04/03/2024 |
| 05/03/2024 |
If you would invest 0.00 in Fieratex on April 3, 2024 and sell it all today you would earn a total of 0.00 from holding Fieratex SA or generate 0.0% return on investment in Fieratex over 30 days. Fieratex is related to or competes with Bioter SA, and Avax SA. Fieratex S.A. operates as a textile company in Greece and internationally More
Fieratex 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 Fieratex'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 Fieratex SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 11.12 | |||
| Value At Risk | (5.00) | |||
| Potential Upside | 5.0 |
Fieratex Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fieratex's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fieratex's standard deviation. In reality, there are many statistical measures that can use Fieratex historical prices to predict the future Fieratex's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.33) | |||
| Treynor Ratio | (1.16) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Fieratex'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.
Fieratex SA Backtested Returns
Fieratex SA secures Sharpe Ratio (or Efficiency) of -0.0671, which denotes the company had a -0.0671% return per unit of risk over the last 3 months. Fieratex SA exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Fieratex's Variance of 7.79, standard deviation of 2.79, and Mean Deviation of 2.0 to check the risk estimate we provide. 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, Fieratex's returns are expected to increase less than the market. However, during the bear market, the loss of holding Fieratex is expected to be smaller as well. Fieratex SA has an expected return of -0.19%. Please make sure to confirm Fieratex SA coefficient of variation, information ratio, total risk alpha, as well as the relationship between the standard deviation and jensen alpha , to decide if Fieratex SA performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.12 |
Insignificant reverse predictability
Fieratex SA has insignificant reverse predictability. Overlapping area represents the amount of predictability between Fieratex time series from 3rd of April 2024 to 18th of April 2024 and 18th of April 2024 to 3rd 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 Fieratex SA price movement. The serial correlation of -0.12 indicates that less than 12.0% of current Fieratex price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.12 | |
| Spearman Rank Test | -0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Fieratex SA lagged returns against current returns
Autocorrelation, which is Fieratex 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 Fieratex's stock expected returns. We can calculate the autocorrelation of Fieratex returns to help us make a trade decision. For example, suppose you find that Fieratex 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 |
Fieratex 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 Fieratex stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fieratex stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Fieratex stock over time.
Current vs Lagged Prices |
| Timeline |
Fieratex Lagged Returns
When evaluating Fieratex's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fieratex stock have on its future price. Fieratex 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, Fieratex autocorrelation shows the relationship between Fieratex stock current value and its past values and can show if there is a momentum factor associated with investing in Fieratex SA.
Regressed Prices |
| Timeline |
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Complementary Tools for Fieratex Stock analysis
When running Fieratex's price analysis, check to measure Fieratex'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 Fieratex is operating at the current time. Most of Fieratex's value examination focuses on studying past and present price action to predict the probability of Fieratex's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Fieratex's price. Additionally, you may evaluate how the addition of Fieratex to your portfolios can decrease your overall portfolio volatility.
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