ECHO INVESTMENT (Germany) Market Value
| 4I3 Stock | EUR 0.99 0.02 1.98% |
| Symbol | ECHO |
ECHO INVESTMENT '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 ECHO INVESTMENT'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 ECHO INVESTMENT.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in ECHO INVESTMENT on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding ECHO INVESTMENT ZY or generate 0.0% return on investment in ECHO INVESTMENT over 30 days. ECHO INVESTMENT is related to or competes with Superior Plus, NMI Holdings, Origin Agritech, SIVERS SEMICONDUCTORS, Talanx AG, NorAm Drilling, and Identiv. Echo Investment S.A., through its subsidiaries, engages in the construction, lease, and sale of office, retail, and resi... More
ECHO INVESTMENT 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 ECHO INVESTMENT'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 ECHO INVESTMENT ZY upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.65 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 10.12 | |||
| Value At Risk | (2.88) | |||
| Potential Upside | 3.13 |
ECHO INVESTMENT Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ECHO INVESTMENT's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ECHO INVESTMENT's standard deviation. In reality, there are many statistical measures that can use ECHO INVESTMENT historical prices to predict the future ECHO INVESTMENT's volatility.| Risk Adjusted Performance | 0.0433 | |||
| Jensen Alpha | 0.0798 | |||
| Total Risk Alpha | (0.23) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 1.1 |
ECHO INVESTMENT ZY Backtested Returns
At this point, ECHO INVESTMENT is dangerous. ECHO INVESTMENT ZY secures Sharpe Ratio (or Efficiency) of 0.0496, which denotes the company had a 0.0496% return per unit of return volatility over the last 3 months. We have found twenty-seven technical indicators for ECHO INVESTMENT ZY, which you can use to evaluate the volatility of the entity. Please confirm ECHO INVESTMENT's downside deviation of 2.65, and Mean Deviation of 1.53 to check if the risk estimate we provide is consistent with the expected return of 0.1%. ECHO INVESTMENT has a performance score of 3 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.0811, which means not very significant fluctuations relative to the market. As returns on the market increase, ECHO INVESTMENT's returns are expected to increase less than the market. However, during the bear market, the loss of holding ECHO INVESTMENT is expected to be smaller as well. ECHO INVESTMENT ZY at this time shows a risk of 2.05%. Please confirm ECHO INVESTMENT ZY mean deviation, downside deviation, information ratio, as well as the relationship between the semi deviation and coefficient of variation , to decide if ECHO INVESTMENT ZY will be following its price patterns.
Auto-correlation | -0.35 |
Poor reverse predictability
ECHO INVESTMENT ZY has poor reverse predictability. Overlapping area represents the amount of predictability between ECHO INVESTMENT 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 ECHO INVESTMENT ZY price movement. The serial correlation of -0.35 indicates that nearly 35.0% of current ECHO INVESTMENT price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.35 | |
| Spearman Rank Test | -0.56 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
ECHO INVESTMENT ZY lagged returns against current returns
Autocorrelation, which is ECHO INVESTMENT 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 ECHO INVESTMENT's stock expected returns. We can calculate the autocorrelation of ECHO INVESTMENT returns to help us make a trade decision. For example, suppose you find that ECHO INVESTMENT 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 |
ECHO INVESTMENT 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 ECHO INVESTMENT stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ECHO INVESTMENT stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ECHO INVESTMENT stock over time.
Current vs Lagged Prices |
| Timeline |
ECHO INVESTMENT Lagged Returns
When evaluating ECHO INVESTMENT's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ECHO INVESTMENT stock have on its future price. ECHO INVESTMENT 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, ECHO INVESTMENT autocorrelation shows the relationship between ECHO INVESTMENT stock current value and its past values and can show if there is a momentum factor associated with investing in ECHO INVESTMENT ZY.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in ECHO Stock
ECHO INVESTMENT financial ratios help investors to determine whether ECHO 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 ECHO with respect to the benefits of owning ECHO INVESTMENT security.