Eit Environmental (China) Market Value
| 300815 Stock | 15.57 0.58 3.59% |
| Symbol | Eit |
Eit Environmental '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 Eit Environmental'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 Eit Environmental.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in Eit Environmental on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding Eit Environmental Development or generate 0.0% return on investment in Eit Environmental over 30 days. Eit Environmental is related to or competes with China Petroleum, PetroChina, China State, China Railway, China Railway, China Mobile, and Industrial. Eit Environmental is entity of China. It is traded as Stock on SHE exchange. More
Eit Environmental 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 Eit Environmental'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 Eit Environmental Development upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.03 | |||
| Information Ratio | 0.0759 | |||
| Maximum Drawdown | 26.44 | |||
| Value At Risk | (4.04) | |||
| Potential Upside | 7.64 |
Eit Environmental Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Eit Environmental's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Eit Environmental's standard deviation. In reality, there are many statistical measures that can use Eit Environmental historical prices to predict the future Eit Environmental's volatility.| Risk Adjusted Performance | 0.0906 | |||
| Jensen Alpha | 0.4504 | |||
| Total Risk Alpha | (0.22) | |||
| Sortino Ratio | 0.1035 | |||
| Treynor Ratio | (3.26) |
Eit Environmental Backtested Returns
Eit Environmental appears to be somewhat reliable, given 3 months investment horizon. Eit Environmental secures Sharpe Ratio (or Efficiency) of 0.14, which denotes the company had a 0.14% return per unit of risk over the last 3 months. By reviewing Eit Environmental's technical indicators, you can evaluate if the expected return of 0.6% is justified by implied risk. Please utilize Eit Environmental's Mean Deviation of 2.71, downside deviation of 3.03, and Coefficient Of Variation of 929.96 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Eit Environmental holds a performance score of 10. The firm shows a Beta (market volatility) of -0.13, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Eit Environmental are expected to decrease at a much lower rate. During the bear market, Eit Environmental is likely to outperform the market. Please check Eit Environmental's total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether Eit Environmental's price patterns will revert.
Auto-correlation | -0.42 |
Modest reverse predictability
Eit Environmental Development has modest reverse predictability. Overlapping area represents the amount of predictability between Eit Environmental time series from 24th of October 2024 to 8th of November 2024 and 8th of November 2024 to 23rd 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 Eit Environmental price movement. The serial correlation of -0.42 indicates that just about 42.0% of current Eit Environmental price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.42 | |
| Spearman Rank Test | -0.83 | |
| Residual Average | 0.0 | |
| Price Variance | 0.82 |
Eit Environmental lagged returns against current returns
Autocorrelation, which is Eit Environmental 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 Eit Environmental's stock expected returns. We can calculate the autocorrelation of Eit Environmental returns to help us make a trade decision. For example, suppose you find that Eit Environmental 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 |
Eit Environmental 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 Eit Environmental stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Eit Environmental stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Eit Environmental stock over time.
Current vs Lagged Prices |
| Timeline |
Eit Environmental Lagged Returns
When evaluating Eit Environmental's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Eit Environmental stock have on its future price. Eit Environmental 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, Eit Environmental autocorrelation shows the relationship between Eit Environmental stock current value and its past values and can show if there is a momentum factor associated with investing in Eit Environmental Development.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Eit Stock
Eit Environmental financial ratios help investors to determine whether Eit 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 Eit with respect to the benefits of owning Eit Environmental security.