Everdisplay Optronics (China) Market Value
| 688538 Stock | 2.44 0.03 1.21% |
| Symbol | Everdisplay |
Everdisplay Optronics '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 Everdisplay Optronics' 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 Everdisplay Optronics.
| 06/02/2024 |
| 11/29/2024 |
If you would invest 0.00 in Everdisplay Optronics on June 2, 2024 and sell it all today you would earn a total of 0.00 from holding Everdisplay Optronics Shanghai or generate 0.0% return on investment in Everdisplay Optronics over 180 days. Everdisplay Optronics is related to or competes with Kweichow Moutai, NAURA Technology, APT Medical, Contemporary Amperex, and Beijing Roborock. Everdisplay Optronics is entity of China More
Everdisplay Optronics 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 Everdisplay Optronics' 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 Everdisplay Optronics Shanghai upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.36 | |||
| Information Ratio | 0.0647 | |||
| Maximum Drawdown | 19.22 | |||
| Value At Risk | (3.57) | |||
| Potential Upside | 4.38 |
Everdisplay Optronics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Everdisplay Optronics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Everdisplay Optronics' standard deviation. In reality, there are many statistical measures that can use Everdisplay Optronics historical prices to predict the future Everdisplay Optronics' volatility.| Risk Adjusted Performance | 0.0914 | |||
| Total Risk Alpha | (0.12) | |||
| Sortino Ratio | 0.0762 |
Everdisplay Optronics Backtested Returns
Everdisplay Optronics appears to be risky, given 3 months investment horizon. Everdisplay Optronics secures Sharpe Ratio (or Efficiency) of 0.11, which denotes the company had a 0.11% return per unit of risk over the last 3 months. We have found twenty-six technical indicators for Everdisplay Optronics Shanghai, which you can use to evaluate the volatility of the firm. Please utilize Everdisplay Optronics' Semi Deviation of 2.14, standard deviation of 2.78, and Coefficient Of Variation of 910.21 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Everdisplay Optronics holds a performance score of 8. 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 Everdisplay Optronics are completely uncorrelated. Please check Everdisplay Optronics' mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Everdisplay Optronics' price patterns will revert.
Auto-correlation | -0.13 |
Insignificant reverse predictability
Everdisplay Optronics Shanghai has insignificant reverse predictability. Overlapping area represents the amount of predictability between Everdisplay Optronics time series from 2nd of June 2024 to 31st of August 2024 and 31st of August 2024 to 29th 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 Everdisplay Optronics price movement. The serial correlation of -0.13 indicates that less than 13.0% of current Everdisplay Optronics price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.13 | |
| Spearman Rank Test | 0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Everdisplay Optronics lagged returns against current returns
Autocorrelation, which is Everdisplay Optronics 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 Everdisplay Optronics' stock expected returns. We can calculate the autocorrelation of Everdisplay Optronics returns to help us make a trade decision. For example, suppose you find that Everdisplay Optronics 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 |
Everdisplay Optronics 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 Everdisplay Optronics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Everdisplay Optronics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Everdisplay Optronics stock over time.
Current vs Lagged Prices |
| Timeline |
Everdisplay Optronics Lagged Returns
When evaluating Everdisplay Optronics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Everdisplay Optronics stock have on its future price. Everdisplay Optronics 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, Everdisplay Optronics autocorrelation shows the relationship between Everdisplay Optronics stock current value and its past values and can show if there is a momentum factor associated with investing in Everdisplay Optronics Shanghai.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Everdisplay Stock
Everdisplay Optronics financial ratios help investors to determine whether Everdisplay 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 Everdisplay with respect to the benefits of owning Everdisplay Optronics security.