FBD Holdings (Ireland) Market Value
| EG7 Stock | EUR 13.85 0.20 1.42% |
| Symbol | FBD |
FBD Holdings '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 FBD Holdings' 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 FBD Holdings.
| 03/02/2024 |
| 05/01/2024 |
If you would invest 0.00 in FBD Holdings on March 2, 2024 and sell it all today you would earn a total of 0.00 from holding FBD Holdings PLC or generate 0.0% return on investment in FBD Holdings over 60 days. FBD Holdings is related to or competes with Glanbia PLC, Kingspan Group, Kerry, and Smurfit Kappa. FBD Holdings plc, through its subsidiaries, engages in the underwriting of general insurance to farmers, private individ... More
FBD Holdings 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 FBD Holdings' 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 FBD Holdings PLC upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.48 | |||
| Information Ratio | 0.1267 | |||
| Maximum Drawdown | 9.62 | |||
| Value At Risk | (2.18) | |||
| Potential Upside | 2.95 |
FBD Holdings Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for FBD Holdings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as FBD Holdings' standard deviation. In reality, there are many statistical measures that can use FBD Holdings historical prices to predict the future FBD Holdings' volatility.| Risk Adjusted Performance | 0.1104 | |||
| Jensen Alpha | 0.2345 | |||
| Total Risk Alpha | 0.1316 | |||
| Sortino Ratio | 0.142 | |||
| Treynor Ratio | 0.5176 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of FBD Holdings' 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.
FBD Holdings PLC Backtested Returns
FBD Holdings appears to be not too volatile, given 3 months investment horizon. FBD Holdings PLC secures Sharpe Ratio (or Efficiency) of 0.18, which denotes the company had a 0.18% return per unit of return volatility over the last 3 months. We have found thirty technical indicators for FBD Holdings PLC, which you can use to evaluate the volatility of the entity. Please utilize FBD Holdings' mean deviation of 1.27, and Downside Deviation of 1.48 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, FBD Holdings holds a performance score of 13. The firm shows a Beta (market volatility) of 0.5, which means possible diversification benefits within a given portfolio. As returns on the market increase, FBD Holdings' returns are expected to increase less than the market. However, during the bear market, the loss of holding FBD Holdings is expected to be smaller as well. Please check FBD Holdings' downside deviation, standard deviation, and the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether FBD Holdings' price patterns will revert.
Auto-correlation | 0.48 |
Average predictability
FBD Holdings PLC has average predictability. Overlapping area represents the amount of predictability between FBD Holdings time series from 2nd of March 2024 to 1st of April 2024 and 1st of April 2024 to 1st of May 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 FBD Holdings PLC price movement. The serial correlation of 0.48 indicates that about 48.0% of current FBD Holdings price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.48 | |
| Spearman Rank Test | 0.74 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
FBD Holdings PLC lagged returns against current returns
Autocorrelation, which is FBD Holdings 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 FBD Holdings' stock expected returns. We can calculate the autocorrelation of FBD Holdings returns to help us make a trade decision. For example, suppose you find that FBD Holdings 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 |
FBD Holdings 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 FBD Holdings stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if FBD Holdings stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in FBD Holdings stock over time.
Current vs Lagged Prices |
| Timeline |
FBD Holdings Lagged Returns
When evaluating FBD Holdings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of FBD Holdings stock have on its future price. FBD Holdings 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, FBD Holdings autocorrelation shows the relationship between FBD Holdings stock current value and its past values and can show if there is a momentum factor associated with investing in FBD Holdings PLC.
Regressed Prices |
| Timeline |
Pair Trading with FBD Holdings
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if FBD Holdings position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in FBD Holdings will appreciate offsetting losses from the drop in the long position's value.Moving together with FBD Stock
| 0.95 | A5G | AIB Group PLC Earnings Call Tomorrow | PairCorr |
| 0.9 | BIRG | Bank of Ireland | PairCorr |
| 0.75 | HSW | Hostelworld Group PLC | PairCorr |
Moving against FBD Stock
| 0.86 | DLE | Datalex Earnings Call Tomorrow | PairCorr |
| 0.73 | UPR | Uniphar Group PLC Earnings Call Next Week | PairCorr |
| 0.72 | IRES | Irish Residential | PairCorr |
The ability to find closely correlated positions to FBD Holdings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace FBD Holdings when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back FBD Holdings - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling FBD Holdings PLC to buy it.
The correlation of FBD Holdings is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as FBD Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if FBD Holdings PLC moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for FBD Holdings can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out FBD Holdings Correlation, FBD Holdings Volatility and FBD Holdings Alpha and Beta module to complement your research on FBD Holdings. Note that the FBD Holdings PLC information on this page should be used as a complementary analysis to other FBD Holdings' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Complementary Tools for FBD Stock analysis
When running FBD Holdings' price analysis, check to measure FBD Holdings' 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 FBD Holdings is operating at the current time. Most of FBD Holdings' value examination focuses on studying past and present price action to predict the probability of FBD Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move FBD Holdings' price. Additionally, you may evaluate how the addition of FBD Holdings to your portfolios can decrease your overall portfolio volatility.
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FBD Holdings 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.