Evolution (Germany) Market Value
| E3G1 Stock | EUR 82.74 2.04 2.41% |
| Symbol | Evolution |
Evolution '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 Evolution'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 Evolution.
| 06/02/2024 |
| 11/29/2024 |
If you would invest 0.00 in Evolution on June 2, 2024 and sell it all today you would earn a total of 0.00 from holding Evolution AB or generate 0.0% return on investment in Evolution over 180 days. Evolution is related to or competes with Churchill Downs, Scientific Games, International Game, Superior Plus, Origin Agritech, Identiv, and INTUITIVE SURGICAL. Evolution AB develops, produces, markets, and licenses live casino and slots solutions to gaming operators primarily in ... More
Evolution 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 Evolution'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 Evolution AB upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 18.32 | |||
| Value At Risk | (2.45) | |||
| Potential Upside | 1.83 |
Evolution Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Evolution's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Evolution's standard deviation. In reality, there are many statistical measures that can use Evolution historical prices to predict the future Evolution's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.10) | |||
| Total Risk Alpha | (0.47) | |||
| Treynor Ratio | 0.4922 |
Evolution AB Backtested Returns
Evolution AB secures Sharpe Ratio (or Efficiency) of -0.0729, which denotes the company had a -0.0729% return per unit of risk over the last 3 months. Evolution AB exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Evolution's Mean Deviation of 1.29, standard deviation of 2.22, and Variance of 4.91 to check the risk estimate we provide. 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, returns on owning Evolution are expected to decrease at a much lower rate. During the bear market, Evolution is likely to outperform the market. At this point, Evolution AB has a negative expected return of -0.16%. Please make sure to confirm Evolution's maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk , to decide if Evolution AB performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.17 |
Very weak predictability
Evolution AB has very weak predictability. Overlapping area represents the amount of predictability between Evolution 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 Evolution AB price movement. The serial correlation of 0.17 indicates that over 17.0% of current Evolution price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.17 | |
| Spearman Rank Test | 0.6 | |
| Residual Average | 0.0 | |
| Price Variance | 6.54 |
Evolution AB lagged returns against current returns
Autocorrelation, which is Evolution 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 Evolution's stock expected returns. We can calculate the autocorrelation of Evolution returns to help us make a trade decision. For example, suppose you find that Evolution 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 |
Evolution 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 Evolution stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Evolution stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Evolution stock over time.
Current vs Lagged Prices |
| Timeline |
Evolution Lagged Returns
When evaluating Evolution's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Evolution stock have on its future price. Evolution 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, Evolution autocorrelation shows the relationship between Evolution stock current value and its past values and can show if there is a momentum factor associated with investing in Evolution AB.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Evolution Stock
Evolution financial ratios help investors to determine whether Evolution 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 Evolution with respect to the benefits of owning Evolution security.