Eco Oil Gas Stock Market Value
| ECAOF Stock | USD 0.13 0.02 18.18% |
| Symbol | Eco |
Eco (Atlantic) '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 (Atlantic)'s pink sheet 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 (Atlantic).
| 11/30/2023 |
| 11/24/2024 |
If you would invest 0.00 in Eco (Atlantic) on November 30, 2023 and sell it all today you would earn a total of 0.00 from holding Eco Oil Gas or generate 0.0% return on investment in Eco (Atlantic) over 360 days. Eco (Atlantic) is related to or competes with Petroleo Brasileiro, Equinor ASA, Eni SPA, YPF Sociedad, Ecopetrol, BP PLC, and Shell PLC. Eco Oil Gas Ltd. engages in the identification, acquisition, exploration, and development of the petroleum, natural gas,... More
Eco (Atlantic) 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 (Atlantic)'s pink sheet 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 Oil Gas upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 12.33 | |||
| Information Ratio | 0.0142 | |||
| Maximum Drawdown | 47.34 | |||
| Value At Risk | (15.38) | |||
| Potential Upside | 16.67 |
Eco (Atlantic) Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Eco (Atlantic)'s investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Eco (Atlantic)'s standard deviation. In reality, there are many statistical measures that can use Eco (Atlantic) historical prices to predict the future Eco (Atlantic)'s volatility.| Risk Adjusted Performance | 0.0316 | |||
| Jensen Alpha | 0.0824 | |||
| Total Risk Alpha | (1.11) | |||
| Sortino Ratio | 0.0099 | |||
| Treynor Ratio | 0.1828 |
Eco (Atlantic) Backtested Returns
At this point, Eco (Atlantic) is out of control. Eco (Atlantic) secures Sharpe Ratio (or Efficiency) of 0.0043, which denotes the company had a 0.0043% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Eco Oil Gas, which you can use to evaluate the volatility of the firm. Please confirm Eco (Atlantic)'s Coefficient Of Variation of 3406.91, mean deviation of 5.27, and Downside Deviation of 12.33 to check if the risk estimate we provide is consistent with the expected return of 0.0367%. The firm shows a Beta (market volatility) of 1.33, which means a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Eco (Atlantic) will likely underperform. Eco (Atlantic) right now shows a risk of 8.49%. Please confirm Eco (Atlantic) downside variance, rate of daily change, and the relationship between the maximum drawdown and skewness , to decide if Eco (Atlantic) will be following its price patterns.
Auto-correlation | -0.3 |
Weak reverse predictability
Eco Oil Gas has weak reverse predictability. Overlapping area represents the amount of predictability between Eco (Atlantic) time series from 30th of November 2023 to 28th of May 2024 and 28th of May 2024 to 24th 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 (Atlantic) price movement. The serial correlation of -0.3 indicates that nearly 30.0% of current Eco (Atlantic) price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.3 | |
| Spearman Rank Test | -0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Eco (Atlantic) lagged returns against current returns
Autocorrelation, which is Eco (Atlantic) pink sheet'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 (Atlantic)'s pink sheet expected returns. We can calculate the autocorrelation of Eco (Atlantic) returns to help us make a trade decision. For example, suppose you find that Eco (Atlantic) has exhibited high autocorrelation historically, and you observe that the pink sheet 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 (Atlantic) 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 (Atlantic) pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Eco (Atlantic) pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Eco (Atlantic) pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Eco (Atlantic) Lagged Returns
When evaluating Eco (Atlantic)'s market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Eco (Atlantic) pink sheet have on its future price. Eco (Atlantic) 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 (Atlantic) autocorrelation shows the relationship between Eco (Atlantic) pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Eco Oil Gas.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Eco Pink Sheet
Eco (Atlantic) financial ratios help investors to determine whether Eco Pink Sheet 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 (Atlantic) security.