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If you're interested in FutureFuel Corp. (NYSE:FF), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. Modern finance theory considers volatility to be a measure of risk, and there are two main types of price volatility. The first category is company specific volatility. This can be dealt with by limiting your exposure to any particular stock. The second sort is caused by the natural volatility of markets, overall. For example, certain macroeconomic events will impact (virtually) all stocks on the market. Some stocks mimic the volatility of the market quite closely, while others demonstrate muted, exagerrated or uncorrelated price movements. Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility). However, Warren Buffett said 'volatility is far from synonymous with risk' in his 2014 letter to investors. So, while useful, beta is not the only metric to consider. To use beta as an investor, you must first understand that the overall market has a beta of one. A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market. In comparison a stock with a beta of over one tends to be move in a similar direction to the market in the long term, but with greater changes in price. Check out our latest analysis for FutureFuel What FF's beta value tells investorsGiven that it has a beta of 1.96, we can surmise that the FutureFuel share price has been fairly sensitive to market volatility (over the last 5 years). Based on this history, investors should be aware that FutureFuel are likely to rise strongly in times of greed, but sell off in times of fear. Many would argue that beta is useful in position sizing, but fundamental metrics such as revenue and earnings are more important overall. You can see FutureFuel's revenue and earnings in the image below. NYSE:FF Income Statement, September 25th 2019 How does FF's size impact its beta?With a market capitalisation of US$503m, FutureFuel is a small cap stock. However, it is big enough to catch the attention of professional investors. It has a relatively high beta, which is not unusual among small-cap stocks. Because it takes less capital to move the share price of a smaller company, actively traded small-cap stocks often have a higher beta that a similar large-cap stock. What this means for you:Beta only tells us that the FutureFuel share price is sensitive to broader market movements. This could indicate that it is a high growth company, or is heavily influenced by sentiment because it is speculative. Alternatively, it could have operating leverage in its business model. Ultimately, beta is an interesting metric, but there's plenty more to learn. This article aims to educate investors about beta values, but it's well worth looking at important company-specific fundamentals such as FutureFuel’s financial health and performance track record. I urge you to continue your research by taking a look at the following:
We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. If you spot an error that warrants correction, please contact the editor at . This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned. Thank you for reading. フリップフロップ回路の使い道は?フリップフロップ回路【flip-flop circuit】
現在の入力と共に過去の入力も利用する順序回路の一種で、SRAMやマイクロプロセッサ(CPU/MPU)内部のレジスタ、キャッシュメモリなどに応用されている。
Dフリップフロップの特徴は?Dフリップフロップ は、1ビットの情報を記憶する事のできる論理回路で、同期回路を設計する場合に中心的な役割を果たす回路要素です。 DフリップフロップにはD端子およびCLK端子の2つの入力端子と、Q端子の1つの出力端子を必ず備えています。 また、さらに多くの端子を備えたDフリップフロップもあります。
JKフリップフロップの特徴は?JK‐FFが特徴とするのはJとKの入力が共に1のとき、クロックパルスが入力される度に出力の と の状態が入れ替わる動作をすることである。
フリップフロップの構成は?フリップフロップ(Flip-Flop)は、1ビットの情報を保持(記憶)できる論理回路です。 相補的に動作する2つのスイッチ素子から構成されており、入力が無い限り元の状態を保持します。
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