EPlay Digital (Germany) Market Value
| 2NY2 Stock | 0 0.00 0.00% |
| Symbol | EPlay |
EPlay Digital '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 EPlay Digital'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 EPlay Digital.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in EPlay Digital on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding ePlay Digital or generate 0.0% return on investment in EPlay Digital over 30 days. EPlay Digital is related to or competes with EMBARK EDUCATION, American Public, CeoTronics, STRAYER EDUCATION, UNIVMUSIC GRPADR/050, IDP EDUCATION, and Warner Music. More
EPlay Digital 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 EPlay Digital'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 ePlay Digital upside and downside potential and time the market with a certain degree of confidence.
EPlay Digital Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for EPlay Digital's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as EPlay Digital's standard deviation. In reality, there are many statistical measures that can use EPlay Digital historical prices to predict the future EPlay Digital's volatility.ePlay Digital Backtested Returns
We have found three technical indicators for ePlay Digital, which you can use to evaluate the volatility of the firm. The firm shows a Beta (market volatility) of 0.0, which means not very significant fluctuations relative to the market. the returns on MARKET and EPlay Digital are completely uncorrelated.
Auto-correlation | 0.00 |
No correlation between past and present
ePlay Digital has no correlation between past and present. Overlapping area represents the amount of predictability between EPlay Digital time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 ePlay Digital price movement. The serial correlation of 0.0 indicates that just 0.0% of current EPlay Digital price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
ePlay Digital lagged returns against current returns
Autocorrelation, which is EPlay Digital 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 EPlay Digital's stock expected returns. We can calculate the autocorrelation of EPlay Digital returns to help us make a trade decision. For example, suppose you find that EPlay Digital 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 |
EPlay Digital 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 EPlay Digital stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if EPlay Digital stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in EPlay Digital stock over time.
Current vs Lagged Prices |
| Timeline |
EPlay Digital Lagged Returns
When evaluating EPlay Digital's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of EPlay Digital stock have on its future price. EPlay Digital 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, EPlay Digital autocorrelation shows the relationship between EPlay Digital stock current value and its past values and can show if there is a momentum factor associated with investing in ePlay Digital.
Regressed Prices |
| Timeline |
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Additional Tools for EPlay Stock Analysis
When running EPlay Digital's price analysis, check to measure EPlay Digital'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 EPlay Digital is operating at the current time. Most of EPlay Digital's value examination focuses on studying past and present price action to predict the probability of EPlay Digital's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move EPlay Digital's price. Additionally, you may evaluate how the addition of EPlay Digital to your portfolios can decrease your overall portfolio volatility.