Fgi Industries Stock Market Value
| FGI Stock | USD 0.76 0.17 18.28% |
| Symbol | FGI |
FGI Industries Price To Book Ratio
Is Apparel, Accessories & Luxury Goods space 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 FGI Industries. If investors know FGI 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 FGI Industries 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 0.836 | Earnings Share 0.06 | Revenue Per Share 12.66 | Quarterly Revenue Growth 0.006 | Return On Assets 0.0089 |
The market value of FGI Industries is measured differently than its book value, which is the value of FGI that is recorded on the company's balance sheet. Investors also form their own opinion of FGI Industries' value that differs from its market value or its book value, called intrinsic value, which is FGI Industries' 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 FGI Industries' market value can be influenced by many factors that don't directly affect FGI Industries' 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 FGI Industries' value and its price as these two are different measures arrived at by different means. Investors typically determine if FGI Industries is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, FGI Industries' 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.
FGI Industries '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 FGI Industries' 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 FGI Industries.
| 10/20/2023 |
| 11/13/2024 |
If you would invest 0.00 in FGI Industries on October 20, 2023 and sell it all today you would earn a total of 0.00 from holding FGI Industries or generate 0.0% return on investment in FGI Industries over 390 days. FGI Industries is related to or competes with Fundamental Global, Yoshitsu, Hour Loop, Direct Digital, and Maris Tech. FGI Industries ltd. supplies kitchen and bath products in the United States, Canada, and Europe More
FGI Industries 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 FGI Industries' 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 FGI Industries upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 24.56 | |||
| Value At Risk | (6.80) | |||
| Potential Upside | 10.0 |
FGI Industries Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for FGI Industries' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as FGI Industries' standard deviation. In reality, there are many statistical measures that can use FGI Industries historical prices to predict the future FGI Industries' volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.26) | |||
| Total Risk Alpha | (1.33) | |||
| Treynor Ratio | (2.70) |
FGI Industries Backtested Returns
FGI Industries secures Sharpe Ratio (or Efficiency) of -0.0236, which denotes the company had a -0.0236% return per unit of return volatility over the last 3 months. FGI Industries exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm FGI Industries' standard deviation of 5.25, and Mean Deviation of 3.83 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.0893, which means not very significant fluctuations relative to the market. As returns on the market increase, FGI Industries' returns are expected to increase less than the market. However, during the bear market, the loss of holding FGI Industries is expected to be smaller as well. At this point, FGI Industries has a negative expected return of -0.13%. Please make sure to confirm FGI Industries' total risk alpha, kurtosis, price action indicator, as well as the relationship between the value at risk and rate of daily change , to decide if FGI Industries performance from the past will be repeated in the future.
Auto-correlation | -0.12 |
Insignificant reverse predictability
FGI Industries has insignificant reverse predictability. Overlapping area represents the amount of predictability between FGI Industries time series from 20th of October 2023 to 2nd of May 2024 and 2nd of May 2024 to 13th 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 FGI Industries price movement. The serial correlation of -0.12 indicates that less than 12.0% of current FGI Industries price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.12 | |
| Spearman Rank Test | 0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
FGI Industries lagged returns against current returns
Autocorrelation, which is FGI Industries 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 FGI Industries' stock expected returns. We can calculate the autocorrelation of FGI Industries returns to help us make a trade decision. For example, suppose you find that FGI Industries 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 |
FGI Industries 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 FGI Industries stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if FGI Industries stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in FGI Industries stock over time.
Current vs Lagged Prices |
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FGI Industries Lagged Returns
When evaluating FGI Industries' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of FGI Industries stock have on its future price. FGI Industries 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, FGI Industries autocorrelation shows the relationship between FGI Industries stock current value and its past values and can show if there is a momentum factor associated with investing in FGI Industries.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether FGI Industries offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of FGI Industries' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Fgi Industries Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Fgi Industries Stock:Check out FGI Industries Correlation, FGI Industries Volatility and FGI Industries Alpha and Beta module to complement your research on FGI Industries. For more detail on how to invest in FGI Stock please use our How to Invest in FGI Industries guide.You can also try the Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.
FGI Industries 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.