East Side Games Stock Market Value
| EAGR Stock | 0.65 0.02 2.99% |
| Symbol | East |
East Side Games Price To Book Ratio
East Side '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 East Side'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 East Side.
| 12/03/2022 |
| 11/22/2024 |
If you would invest 0.00 in East Side on December 3, 2022 and sell it all today you would earn a total of 0.00 from holding East Side Games or generate 0.0% return on investment in East Side over 720 days. East Side is related to or competes with Sangoma Technologies, Vitalhub Corp, Propel Holdings, and D2L. East Side is entity of Canada. It is traded as Stock on TO exchange. More
East Side 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 East Side'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 East Side Games upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 16.67 | |||
| Value At Risk | (5.26) | |||
| Potential Upside | 6.67 |
East Side Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for East Side's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as East Side's standard deviation. In reality, there are many statistical measures that can use East Side historical prices to predict the future East Side's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.58) | |||
| Treynor Ratio | 0.1263 |
East Side Games Backtested Returns
East Side Games secures Sharpe Ratio (or Efficiency) of -0.0882, which denotes the company had a -0.0882% return per unit of risk over the last 3 months. East Side Games exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm East Side's Mean Deviation of 2.24, variance of 10.51, and Standard Deviation of 3.24 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -1.22, which means a somewhat significant risk relative to the market. As returns on the market increase, returns on owning East Side are expected to decrease by larger amounts. On the other hand, during market turmoil, East Side is expected to outperform it. At this point, East Side Games has a negative expected return of -0.28%. Please make sure to confirm East Side's maximum drawdown, potential upside, kurtosis, as well as the relationship between the value at risk and skewness , to decide if East Side Games performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.57 |
Good reverse predictability
East Side Games has good reverse predictability. Overlapping area represents the amount of predictability between East Side time series from 3rd of December 2022 to 28th of November 2023 and 28th of November 2023 to 22nd 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 East Side Games price movement. The serial correlation of -0.57 indicates that roughly 57.0% of current East Side price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.57 | |
| Spearman Rank Test | -0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
East Side Games lagged returns against current returns
Autocorrelation, which is East Side 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 East Side's stock expected returns. We can calculate the autocorrelation of East Side returns to help us make a trade decision. For example, suppose you find that East Side 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 |
East Side 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 East Side stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if East Side stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in East Side stock over time.
Current vs Lagged Prices |
| Timeline |
East Side Lagged Returns
When evaluating East Side's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of East Side stock have on its future price. East Side 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, East Side autocorrelation shows the relationship between East Side stock current value and its past values and can show if there is a momentum factor associated with investing in East Side Games.
Regressed Prices |
| Timeline |
Pair Trading with East Side
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if East Side position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in East Side will appreciate offsetting losses from the drop in the long position's value.Moving against East Stock
The ability to find closely correlated positions to East Side could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace East Side when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back East Side - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling East Side Games to buy it.
The correlation of East Side is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as East Side moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if East Side Games moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for East Side can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in East Stock
East Side financial ratios help investors to determine whether East 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 East with respect to the benefits of owning East Side security.