Eco Animal (UK) Market Value
| EAH Stock | 65.50 1.50 2.34% |
| Symbol | Eco |
Eco Animal '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 Animal'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 Animal.
| 12/09/2022 |
| 11/28/2024 |
If you would invest 0.00 in Eco Animal on December 9, 2022 and sell it all today you would earn a total of 0.00 from holding Eco Animal Health or generate 0.0% return on investment in Eco Animal over 720 days. Eco Animal is related to or competes with Samsung Electronics, Samsung Electronics, Hyundai, Toyota, Reliance Industries, SoftBank Group, and MOL Hungarian. Eco Animal is entity of United Kingdom. It is traded as Stock on LSE exchange. More
Eco Animal 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 Animal'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 Animal Health upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.21) | |||
| Maximum Drawdown | 26.11 | |||
| Value At Risk | (4.85) | |||
| Potential Upside | 4.46 |
Eco Animal Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Eco Animal's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Eco Animal's standard deviation. In reality, there are many statistical measures that can use Eco Animal historical prices to predict the future Eco Animal's volatility.| Risk Adjusted Performance | (0.13) | |||
| Jensen Alpha | (0.71) | |||
| Total Risk Alpha | (1.28) | |||
| Treynor Ratio | (3.20) |
Eco Animal Health Backtested Returns
Eco Animal Health 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. Eco Animal Health exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Eco Animal's Standard Deviation of 3.81, variance of 14.54, and Mean Deviation of 2.28 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.21, which means not very significant fluctuations relative to the market. As returns on the market increase, Eco Animal's returns are expected to increase less than the market. However, during the bear market, the loss of holding Eco Animal is expected to be smaller as well. At this point, Eco Animal Health has a negative expected return of -0.74%. Please make sure to confirm Eco Animal's skewness, rate of daily change, and the relationship between the value at risk and accumulation distribution , to decide if Eco Animal Health performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.09 |
Very weak reverse predictability
Eco Animal Health has very weak reverse predictability. Overlapping area represents the amount of predictability between Eco Animal time series from 9th of December 2022 to 4th of December 2023 and 4th of December 2023 to 28th 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 Animal Health price movement. The serial correlation of -0.09 indicates that less than 9.0% of current Eco Animal price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.09 | |
| Spearman Rank Test | -0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 327.96 |
Eco Animal Health lagged returns against current returns
Autocorrelation, which is Eco Animal 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 Animal's stock expected returns. We can calculate the autocorrelation of Eco Animal returns to help us make a trade decision. For example, suppose you find that Eco Animal 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 Animal 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 Animal stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Eco Animal stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Eco Animal stock over time.
Current vs Lagged Prices |
| Timeline |
Eco Animal Lagged Returns
When evaluating Eco Animal's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Eco Animal stock have on its future price. Eco Animal 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 Animal autocorrelation shows the relationship between Eco Animal stock current value and its past values and can show if there is a momentum factor associated with investing in Eco Animal Health.
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 Animal 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 Animal security.