Ecopro BM (Korea) Market Value
| 247540 Stock | KRW 135,200 5,000 3.57% |
| Symbol | Ecopro |
Ecopro BM '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 Ecopro BM'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 Ecopro BM.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Ecopro BM on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Ecopro BM Co or generate 0.0% return on investment in Ecopro BM over 30 days. Ecopro BM is related to or competes with Sangsin Energy, Bosung Power, and APro. Ltd. develops and sells cathode materials used in batteries in Korea and internationally More
Ecopro BM 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 Ecopro BM'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 Ecopro BM Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 17.76 | |||
| Value At Risk | (5.62) | |||
| Potential Upside | 6.38 |
Ecopro BM Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ecopro BM's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ecopro BM's standard deviation. In reality, there are many statistical measures that can use Ecopro BM historical prices to predict the future Ecopro BM's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.20) | |||
| Total Risk Alpha | (0.84) | |||
| Treynor Ratio | 0.5428 |
Ecopro BM Backtested Returns
Ecopro BM secures Sharpe Ratio (or Efficiency) of -0.063, which denotes the company had a -0.063% return per unit of risk over the last 3 months. Ecopro BM Co exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Ecopro BM's Mean Deviation of 2.89, variance of 13.65, and Standard Deviation of 3.69 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.47, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Ecopro BM are expected to decrease at a much lower rate. During the bear market, Ecopro BM is likely to outperform the market. At this point, Ecopro BM has a negative expected return of -0.24%. Please make sure to confirm Ecopro BM's total risk alpha, maximum drawdown, and the relationship between the jensen alpha and treynor ratio , to decide if Ecopro BM performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.22 |
Weak reverse predictability
Ecopro BM Co has weak reverse predictability. Overlapping area represents the amount of predictability between Ecopro BM time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th of November 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 Ecopro BM price movement. The serial correlation of -0.22 indicates that over 22.0% of current Ecopro BM price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.22 | |
| Spearman Rank Test | -0.54 | |
| Residual Average | 0.0 | |
| Price Variance | 60.6 M |
Ecopro BM lagged returns against current returns
Autocorrelation, which is Ecopro BM 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 Ecopro BM's stock expected returns. We can calculate the autocorrelation of Ecopro BM returns to help us make a trade decision. For example, suppose you find that Ecopro BM 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 |
Ecopro BM 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 Ecopro BM stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ecopro BM stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ecopro BM stock over time.
Current vs Lagged Prices |
| Timeline |
Ecopro BM Lagged Returns
When evaluating Ecopro BM's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ecopro BM stock have on its future price. Ecopro BM 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, Ecopro BM autocorrelation shows the relationship between Ecopro BM stock current value and its past values and can show if there is a momentum factor associated with investing in Ecopro BM Co.
Regressed Prices |
| Timeline |
Pair Trading with Ecopro BM
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 Ecopro BM 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 Ecopro BM will appreciate offsetting losses from the drop in the long position's value.Moving together with Ecopro Stock
The ability to find closely correlated positions to Ecopro BM could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ecopro BM 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 Ecopro BM - 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 Ecopro BM Co to buy it.
The correlation of Ecopro BM 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 Ecopro BM moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ecopro BM 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 Ecopro BM 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.Other Information on Investing in Ecopro Stock
Ecopro BM financial ratios help investors to determine whether Ecopro Stock 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 Ecopro with respect to the benefits of owning Ecopro BM security.