Furukawa Electric Co Stock Market Value
| FUWAY Stock | USD 10.90 0.08 0.74% |
| 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.
| 03/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in Furukawa Electric on March 25, 2024 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 30 days. Furukawa Electric is related to or competes with Sunrise New, Alfen NV, ADS TEC, Ads Tec, and Tantalus Systems. 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.
| Downside Deviation | 2.8 | |||
| Information Ratio | 0.1679 | |||
| Maximum Drawdown | 19.28 | |||
| Value At Risk | (0.99) | |||
| Potential Upside | 3.4 |
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 | 0.1356 | |||
| Jensen Alpha | 0.4796 | |||
| Total Risk Alpha | 0.1645 | |||
| Sortino Ratio | 0.1531 | |||
| Treynor Ratio | 1.3 |
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
Furukawa Electric appears to be not too volatile, given 3 months investment horizon. Furukawa Electric secures Sharpe Ratio (or Efficiency) of 0.21, which denotes the company had a 0.21% return per unit of risk over the last 3 months. By reviewing Furukawa Electric's technical indicators, you can evaluate if the expected return of 0.55% is justified by implied risk. Please utilize Furukawa Electric's Downside Deviation of 2.8, mean deviation of 1.25, and Coefficient Of Variation of 487.18 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Furukawa Electric holds a performance score of 16. The firm shows a Beta (market volatility) of 0.4, which means possible diversification benefits within a given portfolio. As returns on the market increase, Furukawa Electric's returns are expected to increase less than the market. However, during the bear market, the loss of holding Furukawa Electric is expected to be smaller as well. Please check Furukawa Electric's potential upside, as well as the relationship between the accumulation distribution and price action indicator , to make a quick decision on whether Furukawa Electric's price patterns will revert.
Auto-correlation | -0.41 |
Modest reverse predictability
Furukawa Electric Co has modest reverse predictability. Overlapping area represents the amount of predictability between Furukawa Electric time series from 25th of March 2024 to 9th of April 2024 and 9th of April 2024 to 24th 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 Furukawa Electric price movement. The serial correlation of -0.41 indicates that just about 41.0% of current Furukawa Electric price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.41 | |
| Spearman Rank Test | -0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
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 |
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Complementary Tools for Furukawa Pink Sheet analysis
When running Furukawa Electric's price analysis, check to measure Furukawa Electric'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 Furukawa Electric is operating at the current time. Most of Furukawa Electric's value examination focuses on studying past and present price action to predict the probability of Furukawa Electric's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Furukawa Electric's price. Additionally, you may evaluate how the addition of Furukawa Electric to your portfolios can decrease your overall portfolio volatility.
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Furukawa Electric technical pink sheet 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, pink sheet market cycles, or different charting patterns.