Franklin Wireless Corp Stock Market Value
| FKWL Stock | USD 2.94 0.01 0.34% |
| Symbol | Franklin |
Franklin Wireless Corp Price To Book Ratio
Is Franklin Wireless' 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 Franklin Wireless. If investors know Franklin 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 Franklin Wireless 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 2.667 | Earnings Share (0.20) | Revenue Per Share 4.019 | Quarterly Revenue Growth (0.01) | Return On Assets (0.03) |
The market value of Franklin Wireless Corp is measured differently than its book value, which is the value of Franklin that is recorded on the company's balance sheet. Investors also form their own opinion of Franklin Wireless' value that differs from its market value or its book value, called intrinsic value, which is Franklin Wireless' 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 Franklin Wireless' market value can be influenced by many factors that don't directly affect Franklin Wireless' 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 Franklin Wireless' value and its price as these two are different measures arrived at by different means. Investors typically determine if Franklin Wireless is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Franklin Wireless' 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.
Franklin Wireless '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 Franklin Wireless' 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 Franklin Wireless.
| 03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in Franklin Wireless on March 26, 2024 and sell it all today you would earn a total of 0.00 from holding Franklin Wireless Corp or generate 0.0% return on investment in Franklin Wireless over 30 days. Franklin Wireless is related to or competes with Optical Cable, Knowles Cor, Mynaric AG, Ituran Location, Telesat Corp, and Digi International. Franklin Wireless Corp. provides intelligent wireless solutions More
Franklin Wireless 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 Franklin Wireless' 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 Franklin Wireless Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 10.19 | |||
| Value At Risk | (2.80) | |||
| Potential Upside | 3.28 |
Franklin Wireless Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Franklin Wireless' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Franklin Wireless' standard deviation. In reality, there are many statistical measures that can use Franklin Wireless historical prices to predict the future Franklin Wireless' volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (0.42) | |||
| Treynor Ratio | 0.9696 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Franklin Wireless' 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.
Franklin Wireless Corp Backtested Returns
Franklin Wireless Corp secures Sharpe Ratio (or Efficiency) of -0.0252, which denotes the company had a -0.0252% return per unit of standard deviation over the last 3 months. Franklin Wireless Corp exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Franklin Wireless' Coefficient Of Variation of (1,452), mean deviation of 1.37, and Standard Deviation of 1.99 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.15, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Franklin Wireless are expected to decrease at a much lower rate. During the bear market, Franklin Wireless is likely to outperform the market. Franklin Wireless Corp has an expected return of -0.0503%. Please make sure to confirm Franklin Wireless Corp potential upside, and the relationship between the jensen alpha and rate of daily change , to decide if Franklin Wireless Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.77 |
Almost perfect reverse predictability
Franklin Wireless Corp has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Franklin Wireless time series from 26th of March 2024 to 10th of April 2024 and 10th of April 2024 to 25th 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 Franklin Wireless Corp price movement. The serial correlation of -0.77 indicates that around 77.0% of current Franklin Wireless price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.77 | |
| Spearman Rank Test | 0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Franklin Wireless Corp lagged returns against current returns
Autocorrelation, which is Franklin Wireless 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 Franklin Wireless' stock expected returns. We can calculate the autocorrelation of Franklin Wireless returns to help us make a trade decision. For example, suppose you find that Franklin Wireless 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 |
Franklin Wireless 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 Franklin Wireless stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Franklin Wireless stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Franklin Wireless stock over time.
Current vs Lagged Prices |
| Timeline |
Franklin Wireless Lagged Returns
When evaluating Franklin Wireless' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Franklin Wireless stock have on its future price. Franklin Wireless 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, Franklin Wireless autocorrelation shows the relationship between Franklin Wireless stock current value and its past values and can show if there is a momentum factor associated with investing in Franklin Wireless Corp.
Regressed Prices |
| Timeline |
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When running Franklin Wireless' price analysis, check to measure Franklin Wireless' 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 Franklin Wireless is operating at the current time. Most of Franklin Wireless' value examination focuses on studying past and present price action to predict the probability of Franklin Wireless' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Franklin Wireless' price. Additionally, you may evaluate how the addition of Franklin Wireless to your portfolios can decrease your overall portfolio volatility.
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Franklin Wireless 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.