EIDESVIK OFFSHORE (Germany) Market Value
| E1V Stock | EUR 1.17 0.04 3.54% |
| Symbol | EIDESVIK |
Please note, there is a significant difference between EIDESVIK OFFSHORE's value and its price as these two are different measures arrived at by different means. Investors typically determine if EIDESVIK OFFSHORE is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, EIDESVIK OFFSHORE'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.
EIDESVIK OFFSHORE '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 EIDESVIK OFFSHORE'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 EIDESVIK OFFSHORE.
| 05/27/2024 |
| 11/23/2024 |
If you would invest 0.00 in EIDESVIK OFFSHORE on May 27, 2024 and sell it all today you would earn a total of 0.00 from holding EIDESVIK OFFSHORE NK or generate 0.0% return on investment in EIDESVIK OFFSHORE over 180 days. EIDESVIK OFFSHORE is related to or competes with Apple, Apple, Apple, Apple, Apple, Microsoft, and Microsoft. More
EIDESVIK OFFSHORE 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 EIDESVIK OFFSHORE'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 EIDESVIK OFFSHORE NK upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 19.4 | |||
| Value At Risk | (4.39) | |||
| Potential Upside | 2.73 |
EIDESVIK OFFSHORE Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for EIDESVIK OFFSHORE's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as EIDESVIK OFFSHORE's standard deviation. In reality, there are many statistical measures that can use EIDESVIK OFFSHORE historical prices to predict the future EIDESVIK OFFSHORE's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.26) | |||
| Total Risk Alpha | (0.63) | |||
| Treynor Ratio | 0.9517 |
EIDESVIK OFFSHORE Backtested Returns
EIDESVIK OFFSHORE 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. EIDESVIK OFFSHORE NK exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm EIDESVIK OFFSHORE's Variance of 6.98, standard deviation of 2.64, and Mean Deviation of 1.76 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.3, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning EIDESVIK OFFSHORE are expected to decrease at a much lower rate. During the bear market, EIDESVIK OFFSHORE is likely to outperform the market. At this point, EIDESVIK OFFSHORE has a negative expected return of -0.3%. Please make sure to confirm EIDESVIK OFFSHORE's standard deviation, jensen alpha, and the relationship between the coefficient of variation and information ratio , to decide if EIDESVIK OFFSHORE performance from the past will be repeated in the future.
Auto-correlation | -0.54 |
Good reverse predictability
EIDESVIK OFFSHORE NK has good reverse predictability. Overlapping area represents the amount of predictability between EIDESVIK OFFSHORE time series from 27th of May 2024 to 25th of August 2024 and 25th of August 2024 to 23rd 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 EIDESVIK OFFSHORE price movement. The serial correlation of -0.54 indicates that about 54.0% of current EIDESVIK OFFSHORE price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.54 | |
| Spearman Rank Test | -0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
EIDESVIK OFFSHORE lagged returns against current returns
Autocorrelation, which is EIDESVIK OFFSHORE 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 EIDESVIK OFFSHORE's stock expected returns. We can calculate the autocorrelation of EIDESVIK OFFSHORE returns to help us make a trade decision. For example, suppose you find that EIDESVIK OFFSHORE 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 |
EIDESVIK OFFSHORE 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 EIDESVIK OFFSHORE stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if EIDESVIK OFFSHORE stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in EIDESVIK OFFSHORE stock over time.
Current vs Lagged Prices |
| Timeline |
EIDESVIK OFFSHORE Lagged Returns
When evaluating EIDESVIK OFFSHORE's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of EIDESVIK OFFSHORE stock have on its future price. EIDESVIK OFFSHORE 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, EIDESVIK OFFSHORE autocorrelation shows the relationship between EIDESVIK OFFSHORE stock current value and its past values and can show if there is a momentum factor associated with investing in EIDESVIK OFFSHORE NK.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in EIDESVIK Stock
EIDESVIK OFFSHORE financial ratios help investors to determine whether EIDESVIK 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 EIDESVIK with respect to the benefits of owning EIDESVIK OFFSHORE security.