Fluor Stock Market Value
FLR Stock | USD 42.28 0.37 0.88% |
Symbol | Fluor |
Fluor Price To Book Ratio
Is Fluor's 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 Fluor. If investors know Fluor 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 Fluor 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 13.375 | Earnings Share 0.54 | Revenue Per Share 103.16 | Quarterly Revenue Growth 0.03 | Return On Assets 0.0236 |
The market value of Fluor is measured differently than its book value, which is the value of Fluor that is recorded on the company's balance sheet. Investors also form their own opinion of Fluor's value that differs from its market value or its book value, called intrinsic value, which is Fluor's 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 Fluor's market value can be influenced by many factors that don't directly affect Fluor's 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 Fluor's value and its price as these two are different measures arrived at by different means. Investors typically determine if Fluor is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fluor's 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.
Fluor '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 Fluor'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 Fluor.
04/09/2022 |
| 03/29/2024 |
If you would invest 0.00 in Fluor on April 9, 2022 and sell it all today you would earn a total of 0.00 from holding Fluor or generate 0.0% return on investment in Fluor over 720 days. Fluor is related to or competes with Innovate Corp, Exponent, Willdan, Arcosa, Topbuild Corp, and Cisco Systems. Fluor Corporation provides engineering, procurement, and construction fabrication and modularization operation and maint... More
Fluor 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 Fluor'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 Fluor upside and downside potential and time the market with a certain degree of confidence.
Downside Deviation | 2.91 | |||
Information Ratio | 0.0066 | |||
Maximum Drawdown | 17.75 | |||
Value At Risk | (2.56) | |||
Potential Upside | 3.77 |
Fluor Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fluor's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fluor's standard deviation. In reality, there are many statistical measures that can use Fluor historical prices to predict the future Fluor's volatility.Risk Adjusted Performance | 0.0418 | |||
Jensen Alpha | (0.09) | |||
Total Risk Alpha | (0.41) | |||
Sortino Ratio | 0.0056 | |||
Treynor Ratio | 0.0754 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Fluor'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.
Fluor Backtested Returns
Fluor appears to be very steady, given 3 months investment horizon. Fluor secures Sharpe Ratio (or Efficiency) of 0.0844, which denotes the company had a 0.0844% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Fluor, which you can use to evaluate the volatility of the firm. Please utilize Fluor's Mean Deviation of 1.62, coefficient of variation of 1632.86, and Downside Deviation of 2.91 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Fluor holds a performance score of 6. The firm shows a Beta (market volatility) of 1.87, which means a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Fluor will likely underperform. Please check Fluor's potential upside, as well as the relationship between the kurtosis and day typical price , to make a quick decision on whether Fluor's price patterns will revert.
Auto-correlation | 0.69 |
Good predictability
Fluor has good predictability. Overlapping area represents the amount of predictability between Fluor time series from 9th of April 2022 to 4th of April 2023 and 4th of April 2023 to 29th of March 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 Fluor price movement. The serial correlation of 0.69 indicates that around 69.0% of current Fluor price fluctuation can be explain by its past prices.
Correlation Coefficient | 0.69 | |
Spearman Rank Test | 0.68 | |
Residual Average | 0.0 | |
Price Variance | 17.53 |
Fluor lagged returns against current returns
Autocorrelation, which is Fluor 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 Fluor's stock expected returns. We can calculate the autocorrelation of Fluor returns to help us make a trade decision. For example, suppose you find that Fluor 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 |
Fluor 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 Fluor stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fluor stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Fluor stock over time.
Current vs Lagged Prices |
Timeline |
Fluor Lagged Returns
When evaluating Fluor's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fluor stock have on its future price. Fluor 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, Fluor autocorrelation shows the relationship between Fluor stock current value and its past values and can show if there is a momentum factor associated with investing in Fluor.
Regressed Prices |
Timeline |
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Complementary Tools for Fluor Stock analysis
When running Fluor's price analysis, check to measure Fluor'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 Fluor is operating at the current time. Most of Fluor's value examination focuses on studying past and present price action to predict the probability of Fluor's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Fluor's price. Additionally, you may evaluate how the addition of Fluor to your portfolios can decrease your overall portfolio volatility.
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Fluor 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.