ELL ENVIRONHLDGS's market value is the price at which a share of ELL ENVIRONHLDGS trades on a public exchange. It measures the collective expectations of ELL ENVIRONHLDGS HD 0001 investors about its performance. ELL ENVIRONHLDGS is trading at 0.014 as of the 15th of January 2025. This is a 3.45% down since the beginning of the trading day. The stock's lowest day price was 0.014. With this module, you can estimate the performance of a buy and hold strategy of ELL ENVIRONHLDGS HD 0001 and determine expected loss or profit from investing in ELL ENVIRONHLDGS over a given investment horizon. Check out ELL ENVIRONHLDGS Correlation, ELL ENVIRONHLDGS Volatility and ELL ENVIRONHLDGS Alpha and Beta module to complement your research on ELL ENVIRONHLDGS.
Please note, there is a significant difference between ELL ENVIRONHLDGS's value and its price as these two are different measures arrived at by different means. Investors typically determine if ELL ENVIRONHLDGS is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ELL ENVIRONHLDGS's 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.
ELL ENVIRONHLDGS '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 ELL ENVIRONHLDGS'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 ELL ENVIRONHLDGS.
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12/16/2024
No Change 0.00
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In 31 days
01/15/2025
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If you would invest 0.00 in ELL ENVIRONHLDGS on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding ELL ENVIRONHLDGS HD 0001 or generate 0.0% return on investment in ELL ENVIRONHLDGS over 30 days. ELL ENVIRONHLDGS is related to or competes with Webster Financial, United Insurance, Discover Financial, Synchrony Financial, BANK OF CHINA, MAGIC SOFTWARE, and JSC Halyk. ELL Environmental Holdings Limited, an investment holding company, designs, constructs, operates, and manages wastewater... More
ELL ENVIRONHLDGS 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 ELL ENVIRONHLDGS'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 ELL ENVIRONHLDGS HD 0001 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 ELL ENVIRONHLDGS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ELL ENVIRONHLDGS's standard deviation. In reality, there are many statistical measures that can use ELL ENVIRONHLDGS historical prices to predict the future ELL ENVIRONHLDGS's volatility.
At this point, ELL ENVIRONHLDGS is out of control. ELL ENVIRONHLDGS secures Sharpe Ratio (or Efficiency) of 0.0242, which denotes the company had a 0.0242% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for ELL ENVIRONHLDGS HD 0001, which you can use to evaluate the volatility of the firm. Please confirm ELL ENVIRONHLDGS's Mean Deviation of 7.73, downside deviation of 12.33, and Semi Deviation of 10.14 to check if the risk estimate we provide is consistent with the expected return of 0.12%. ELL ENVIRONHLDGS has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -1.67, which means a somewhat significant risk relative to the market. As returns on the market increase, returns on owning ELL ENVIRONHLDGS are expected to decrease by larger amounts. On the other hand, during market turmoil, ELL ENVIRONHLDGS is expected to outperform it. ELL ENVIRONHLDGS now shows a risk of 4.99%. Please confirm ELL ENVIRONHLDGS coefficient of variation, jensen alpha, and the relationship between the downside deviation and information ratio , to decide if ELL ENVIRONHLDGS will be following its price patterns.
Auto-correlation
-0.4
Poor reverse predictability
ELL ENVIRONHLDGS HD 0001 has poor reverse predictability. Overlapping area represents the amount of predictability between ELL ENVIRONHLDGS time series from 16th of December 2024 to 31st of December 2024 and 31st of December 2024 to 15th of January 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 ELL ENVIRONHLDGS price movement. The serial correlation of -0.4 indicates that just about 40.0% of current ELL ENVIRONHLDGS price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.4
Spearman Rank Test
-0.37
Residual Average
0.0
Price Variance
0.0
ELL ENVIRONHLDGS lagged returns against current returns
Autocorrelation, which is ELL ENVIRONHLDGS 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 ELL ENVIRONHLDGS's stock expected returns. We can calculate the autocorrelation of ELL ENVIRONHLDGS returns to help us make a trade decision. For example, suppose you find that ELL ENVIRONHLDGS 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
ELL ENVIRONHLDGS 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 ELL ENVIRONHLDGS stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ELL ENVIRONHLDGS stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ELL ENVIRONHLDGS stock over time.
Current vs Lagged Prices
Timeline
ELL ENVIRONHLDGS Lagged Returns
When evaluating ELL ENVIRONHLDGS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ELL ENVIRONHLDGS stock have on its future price. ELL ENVIRONHLDGS 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, ELL ENVIRONHLDGS autocorrelation shows the relationship between ELL ENVIRONHLDGS stock current value and its past values and can show if there is a momentum factor associated with investing in ELL ENVIRONHLDGS HD 0001.
ELL ENVIRONHLDGS financial ratios help investors to determine whether ELL 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 ELL with respect to the benefits of owning ELL ENVIRONHLDGS security.