Eurotech SpA (Germany) Market Value
| E5T Stock | EUR 0.71 0.03 4.41% |
| Symbol | Eurotech |
Eurotech SpA '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 Eurotech SpA'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 Eurotech SpA.
| 09/02/2024 |
| 12/01/2024 |
If you would invest 0.00 in Eurotech SpA on September 2, 2024 and sell it all today you would earn a total of 0.00 from holding Eurotech SpA or generate 0.0% return on investment in Eurotech SpA over 90 days. Eurotech SpA is related to or competes with Burlington Stores, PICKN PAY, CVW CLEANTECH, SPARTAN STORES, and Cleanaway Waste. Eurotech S.p.A. engages in the research and development, production, and marketing of miniaturized computers and high-pe... More
Eurotech SpA 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 Eurotech SpA'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 Eurotech SpA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.26) | |||
| Maximum Drawdown | 17.61 | |||
| Value At Risk | (6.15) | |||
| Potential Upside | 4.41 |
Eurotech SpA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Eurotech SpA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Eurotech SpA's standard deviation. In reality, there are many statistical measures that can use Eurotech SpA historical prices to predict the future Eurotech SpA's volatility.| Risk Adjusted Performance | (0.16) | |||
| Jensen Alpha | (0.90) | |||
| Total Risk Alpha | (1.44) | |||
| Treynor Ratio | (1.63) |
Eurotech SpA Backtested Returns
Eurotech SpA secures Sharpe Ratio (or Efficiency) of -0.21, which denotes the company had a -0.21% return per unit of risk over the last 3 months. Eurotech SpA exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Eurotech SpA's Standard Deviation of 3.67, variance of 13.5, and Mean Deviation of 2.58 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.51, which means possible diversification benefits within a given portfolio. As returns on the market increase, Eurotech SpA's returns are expected to increase less than the market. However, during the bear market, the loss of holding Eurotech SpA is expected to be smaller as well. At this point, Eurotech SpA has a negative expected return of -0.75%. Please make sure to confirm Eurotech SpA's treynor ratio, value at risk, skewness, as well as the relationship between the maximum drawdown and potential upside , to decide if Eurotech SpA performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.82 |
Very good predictability
Eurotech SpA has very good predictability. Overlapping area represents the amount of predictability between Eurotech SpA time series from 2nd of September 2024 to 17th of October 2024 and 17th of October 2024 to 1st of December 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 Eurotech SpA price movement. The serial correlation of 0.82 indicates that around 82.0% of current Eurotech SpA price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.82 | |
| Spearman Rank Test | 0.85 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Eurotech SpA lagged returns against current returns
Autocorrelation, which is Eurotech SpA 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 Eurotech SpA's stock expected returns. We can calculate the autocorrelation of Eurotech SpA returns to help us make a trade decision. For example, suppose you find that Eurotech SpA 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 |
Eurotech SpA 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 Eurotech SpA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Eurotech SpA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Eurotech SpA stock over time.
Current vs Lagged Prices |
| Timeline |
Eurotech SpA Lagged Returns
When evaluating Eurotech SpA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Eurotech SpA stock have on its future price. Eurotech SpA 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, Eurotech SpA autocorrelation shows the relationship between Eurotech SpA stock current value and its past values and can show if there is a momentum factor associated with investing in Eurotech SpA.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Eurotech Stock
Eurotech SpA financial ratios help investors to determine whether Eurotech 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 Eurotech with respect to the benefits of owning Eurotech SpA security.