Eco World (Malaysia) Market Value
| 8206 Stock | 1.90 0.03 1.60% |
| Symbol | Eco |
Eco World '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 Eco World'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 Eco World.
| 07/05/2023 |
| 11/26/2024 |
If you would invest 0.00 in Eco World on July 5, 2023 and sell it all today you would earn a total of 0.00 from holding Eco World Develop or generate 0.0% return on investment in Eco World over 510 days. Eco World is related to or competes with Sports Toto, Choo Bee, TAS Offshore, British American, Binasat Communications, and Public Bank. More
Eco World 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 Eco World'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 Eco World Develop upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.51 | |||
| Information Ratio | 0.0639 | |||
| Maximum Drawdown | 14.41 | |||
| Value At Risk | (3.33) | |||
| Potential Upside | 4.71 |
Eco World Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Eco World's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Eco World's standard deviation. In reality, there are many statistical measures that can use Eco World historical prices to predict the future Eco World's volatility.| Risk Adjusted Performance | 0.0926 | |||
| Jensen Alpha | 0.2582 | |||
| Total Risk Alpha | (0.13) | |||
| Sortino Ratio | 0.0683 | |||
| Treynor Ratio | 1.07 |
Eco World Develop Backtested Returns
Eco World appears to be very risky, given 3 months investment horizon. Eco World Develop secures Sharpe Ratio (or Efficiency) of 0.19, which denotes the company had a 0.19% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Eco World Develop, which you can use to evaluate the volatility of the firm. Please utilize Eco World's Coefficient Of Variation of 894.52, mean deviation of 1.94, and Downside Deviation of 2.51 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Eco World holds a performance score of 14. The firm shows a Beta (market volatility) of 0.27, which means not very significant fluctuations relative to the market. As returns on the market increase, Eco World's returns are expected to increase less than the market. However, during the bear market, the loss of holding Eco World is expected to be smaller as well. Please check Eco World's coefficient of variation, jensen alpha, sortino ratio, as well as the relationship between the information ratio and total risk alpha , to make a quick decision on whether Eco World's price patterns will revert.
Auto-correlation | 0.87 |
Very good predictability
Eco World Develop has very good predictability. Overlapping area represents the amount of predictability between Eco World time series from 5th of July 2023 to 16th of March 2024 and 16th of March 2024 to 26th 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 Eco World Develop price movement. The serial correlation of 0.87 indicates that approximately 87.0% of current Eco World price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.87 | |
| Spearman Rank Test | 0.75 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Eco World Develop lagged returns against current returns
Autocorrelation, which is Eco World 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 Eco World's stock expected returns. We can calculate the autocorrelation of Eco World returns to help us make a trade decision. For example, suppose you find that Eco World 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 |
Eco World 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 Eco World stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Eco World stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Eco World stock over time.
Current vs Lagged Prices |
| Timeline |
Eco World Lagged Returns
When evaluating Eco World's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Eco World stock have on its future price. Eco World 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, Eco World autocorrelation shows the relationship between Eco World stock current value and its past values and can show if there is a momentum factor associated with investing in Eco World Develop.
Regressed Prices |
| Timeline |
Also Currently Popular
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 Eco Stock
Eco World financial ratios help investors to determine whether Eco 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 Eco with respect to the benefits of owning Eco World security.