Ecopetrol Sa Adr Stock Market Value
| EC Stock | USD 9.67 0.63 6.97% |
| Symbol | Ecopetrol |
Ecopetrol SA ADR Price To Book Ratio
Is Oil, Gas & Consumable Fuels space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Ecopetrol. If investors know Ecopetrol will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Ecopetrol listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.28) | Earnings Share 1.98 | Revenue Per Share | Quarterly Revenue Growth (0.01) | Return On Assets |
The market value of Ecopetrol SA ADR is measured differently than its book value, which is the value of Ecopetrol that is recorded on the company's balance sheet. Investors also form their own opinion of Ecopetrol's value that differs from its market value or its book value, called intrinsic value, which is Ecopetrol's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Ecopetrol's market value can be influenced by many factors that don't directly affect Ecopetrol's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Ecopetrol's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ecopetrol is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ecopetrol'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.
Ecopetrol '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 Ecopetrol'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 Ecopetrol.
| 09/03/2024 |
| 01/31/2025 |
If you would invest 0.00 in Ecopetrol on September 3, 2024 and sell it all today you would earn a total of 0.00 from holding Ecopetrol SA ADR or generate 0.0% return on investment in Ecopetrol over 150 days. Ecopetrol is related to or competes with Petroleo Brasileiro, Equinor ASA, Eni SPA, Cenovus Energy, Petrleo Brasileiro, YPF Sociedad, and BP PLC. The company operates through four segments Exploration and Production Transport and Logistics Refining, Petrochemical an... More
Ecopetrol 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 Ecopetrol'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 Ecopetrol SA ADR upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.73 | |||
| Information Ratio | 0.0997 | |||
| Maximum Drawdown | 8.31 | |||
| Value At Risk | (2.76) | |||
| Potential Upside | 4.45 |
Ecopetrol Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ecopetrol's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ecopetrol's standard deviation. In reality, there are many statistical measures that can use Ecopetrol historical prices to predict the future Ecopetrol's volatility.| Risk Adjusted Performance | 0.1303 | |||
| Jensen Alpha | 0.3026 | |||
| Total Risk Alpha | 0.0737 | |||
| Sortino Ratio | 0.1165 | |||
| Treynor Ratio | (2.47) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Ecopetrol's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Ecopetrol SA ADR Backtested Returns
Ecopetrol appears to be somewhat reliable, given 3 months investment horizon. Ecopetrol SA ADR 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. We have found twenty-eight technical indicators for Ecopetrol SA ADR, which you can use to evaluate the volatility of the firm. Please utilize Ecopetrol's Coefficient Of Variation of 671.47, mean deviation of 1.48, and Downside Deviation of 1.73 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Ecopetrol holds a performance score of 16. The firm shows a Beta (market volatility) of -0.12, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Ecopetrol are expected to decrease at a much lower rate. During the bear market, Ecopetrol is likely to outperform the market. Please check Ecopetrol's maximum drawdown, semi variance, and the relationship between the sortino ratio and potential upside , to make a quick decision on whether Ecopetrol's price patterns will revert.
Auto-correlation | -0.69 |
Very good reverse predictability
Ecopetrol SA ADR has very good reverse predictability. Overlapping area represents the amount of predictability between Ecopetrol time series from 3rd of September 2024 to 17th of November 2024 and 17th of November 2024 to 31st of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Ecopetrol SA ADR price movement. The serial correlation of -0.69 indicates that around 69.0% of current Ecopetrol price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.69 | |
| Spearman Rank Test | -0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 0.16 |
Ecopetrol SA ADR lagged returns against current returns
Autocorrelation, which is Ecopetrol 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 Ecopetrol's stock expected returns. We can calculate the autocorrelation of Ecopetrol returns to help us make a trade decision. For example, suppose you find that Ecopetrol 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 |
Ecopetrol 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 Ecopetrol stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ecopetrol stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ecopetrol stock over time.
Current vs Lagged Prices |
| Timeline |
Ecopetrol Lagged Returns
When evaluating Ecopetrol's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ecopetrol stock have on its future price. Ecopetrol 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, Ecopetrol autocorrelation shows the relationship between Ecopetrol stock current value and its past values and can show if there is a momentum factor associated with investing in Ecopetrol SA ADR.
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.Check out Ecopetrol Correlation, Ecopetrol Volatility and Ecopetrol Alpha and Beta module to complement your research on Ecopetrol. You can also try the Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.
Ecopetrol technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.