Everdisplay Optronics' market value is the price at which a share of Everdisplay Optronics trades on a public exchange. It measures the collective expectations of Everdisplay Optronics Shanghai investors about its performance. Everdisplay Optronics is trading at 2.23 as of the 1st of February 2025, a 0.89 percent decrease since the beginning of the trading day. The stock's open price was 2.25. With this module, you can estimate the performance of a buy and hold strategy of Everdisplay Optronics Shanghai and determine expected loss or profit from investing in Everdisplay Optronics over a given investment horizon. Check out Everdisplay Optronics Correlation, Everdisplay Optronics Volatility and Everdisplay Optronics Alpha and Beta module to complement your research on Everdisplay Optronics.
Please note, there is a significant difference between Everdisplay Optronics' value and its price as these two are different measures arrived at by different means. Investors typically determine if Everdisplay Optronics is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Everdisplay Optronics' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
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.
0.00
08/05/2024
No Change 0.00
0.0
In 5 months and 30 days
02/01/2025
0.00
If you would invest 0.00 in Everdisplay Optronics on August 5, 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 Industrial, Kweichow Moutai, Agricultural Bank, China Mobile, China Construction, PetroChina, and Bank of China. 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.
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.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Everdisplay Optronics. Your research has to be compared to or analyzed against Everdisplay Optronics' peers to derive any actionable benefits. When done correctly, Everdisplay Optronics' competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Everdisplay Optronics.
Everdisplay Optronics Backtested Returns
Everdisplay Optronics secures Sharpe Ratio (or Efficiency) of -0.0885, which denotes the company had a -0.0885 % return per unit of risk over the last 3 months. Everdisplay Optronics Shanghai exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Everdisplay Optronics' Variance of 4.15, mean deviation of 1.58, and Standard Deviation of 2.04 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.0534, which means not very significant fluctuations relative to the market. As returns on the market increase, Everdisplay Optronics' returns are expected to increase less than the market. However, during the bear market, the loss of holding Everdisplay Optronics is expected to be smaller as well. At this point, Everdisplay Optronics has a negative expected return of -0.17%. Please make sure to confirm Everdisplay Optronics' coefficient of variation, jensen alpha, and the relationship between the mean deviation and standard deviation , to decide if Everdisplay Optronics performance from the past will be repeated at some point in the near future.
Auto-correlation
-0.81
Excellent reverse predictability
Everdisplay Optronics Shanghai has excellent reverse predictability. Overlapping area represents the amount of predictability between Everdisplay Optronics time series from 5th of August 2024 to 3rd of November 2024 and 3rd of November 2024 to 1st of February 2025. 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 -0.81 indicates that around 81.0% of current Everdisplay Optronics price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.81
Spearman Rank Test
-0.56
Residual Average
0.0
Price Variance
0.03
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.
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.