Furukawa Electric Co Stock Market Value
| FUWAF Stock | USD 27.49 0.00 0.00% |
| Symbol | Furukawa |
Furukawa Electric '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 Furukawa Electric's pink sheet 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 Furukawa Electric.
| 11/23/2023 |
| 09/18/2024 |
If you would invest 0.00 in Furukawa Electric on November 23, 2023 and sell it all today you would earn a total of 0.00 from holding Furukawa Electric Co or generate 0.0% return on investment in Furukawa Electric over 300 days. Furukawa Electric is related to or competes with FREYR Battery, NVent Electric, Hubbell, Advanced Energy, Vertiv Holdings, Energizer Holdings, and NeoVolta Common. Furukawa Electric Co., Ltd. manufactures and sells telecommunications, energy, automobile, electronic, and construction ... More
Furukawa Electric 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 Furukawa Electric's pink sheet 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 Furukawa Electric Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 4.52 |
Furukawa Electric Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Furukawa Electric's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Furukawa Electric's standard deviation. In reality, there are many statistical measures that can use Furukawa Electric historical prices to predict the future Furukawa Electric's volatility.| Risk Adjusted Performance | 0.0265 | |||
| Jensen Alpha | 0.0169 | |||
| Total Risk Alpha | (0.07) | |||
| Treynor Ratio | (0.47) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Furukawa Electric'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.
Furukawa Electric Backtested Returns
At this point, Furukawa Electric is very steady. Furukawa Electric secures Sharpe Ratio (or Efficiency) of 0.0367, which denotes the company had a 0.0367% return per unit of risk over the last 3 months. We have found sixteen technical indicators for Furukawa Electric Co, which you can use to evaluate the volatility of the firm. Please confirm Furukawa Electric's Mean Deviation of 0.1364, standard deviation of 0.6697, and Variance of 0.4485 to check if the risk estimate we provide is consistent with the expected return of 0.0254%. Furukawa Electric has a performance score of 2 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.0294, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Furukawa Electric are expected to decrease at a much lower rate. During the bear market, Furukawa Electric is likely to outperform the market. Furukawa Electric right now shows a risk of 0.69%. Please confirm Furukawa Electric treynor ratio, kurtosis, as well as the relationship between the Kurtosis and day typical price , to decide if Furukawa Electric will be following its price patterns.
Auto-correlation | 0.42 |
Average predictability
Furukawa Electric Co has average predictability. Overlapping area represents the amount of predictability between Furukawa Electric time series from 23rd of November 2023 to 21st of April 2024 and 21st of April 2024 to 18th of September 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 Furukawa Electric price movement. The serial correlation of 0.42 indicates that just about 42.0% of current Furukawa Electric price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.42 | |
| Spearman Rank Test | 0.8 | |
| Residual Average | 0.0 | |
| Price Variance | 6.98 |
Furukawa Electric lagged returns against current returns
Autocorrelation, which is Furukawa Electric pink sheet'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 Furukawa Electric's pink sheet expected returns. We can calculate the autocorrelation of Furukawa Electric returns to help us make a trade decision. For example, suppose you find that Furukawa Electric has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Furukawa Electric 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 Furukawa Electric pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Furukawa Electric pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Furukawa Electric pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Furukawa Electric Lagged Returns
When evaluating Furukawa Electric's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Furukawa Electric pink sheet have on its future price. Furukawa Electric 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, Furukawa Electric autocorrelation shows the relationship between Furukawa Electric pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Furukawa Electric Co.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Furukawa Pink Sheet
Furukawa Electric financial ratios help investors to determine whether Furukawa Pink Sheet is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Furukawa with respect to the benefits of owning Furukawa Electric security.