Ecd Automotive Design Stock Market Value
| ECDA Stock | 0.97 0.01 1.02% |
| Symbol | ECD |
ECD Automotive Design Price To Book Ratio
Is Automobile Manufacturers 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 ECD Automotive. If investors know ECD 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 ECD Automotive listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.09) | Revenue Per Share 0.893 | Quarterly Revenue Growth 1.294 | Return On Assets 0.0181 |
The market value of ECD Automotive Design is measured differently than its book value, which is the value of ECD that is recorded on the company's balance sheet. Investors also form their own opinion of ECD Automotive's value that differs from its market value or its book value, called intrinsic value, which is ECD Automotive'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 ECD Automotive's market value can be influenced by many factors that don't directly affect ECD Automotive'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 ECD Automotive's value and its price as these two are different measures arrived at by different means. Investors typically determine if ECD Automotive is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ECD Automotive'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.
ECD Automotive '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 ECD Automotive'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 ECD Automotive.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in ECD Automotive on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding ECD Automotive Design or generate 0.0% return on investment in ECD Automotive over 30 days. ECD Automotive is related to or competes with Bel Fuse, QuickLogic, Treasury Wine, Arrow Electronics, PepsiCo, Vita Coco, and NextNav Warrant. ECD Automotive is entity of United States More
ECD Automotive 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 ECD Automotive'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 ECD Automotive Design upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 17.39 | |||
| Value At Risk | (7.92) | |||
| Potential Upside | 6.09 |
ECD Automotive Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ECD Automotive's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ECD Automotive's standard deviation. In reality, there are many statistical measures that can use ECD Automotive historical prices to predict the future ECD Automotive's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.29) | |||
| Total Risk Alpha | (0.84) | |||
| Treynor Ratio | (0.34) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of ECD Automotive'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.
ECD Automotive Design Backtested Returns
ECD Automotive Design secures Sharpe Ratio (or Efficiency) of -0.0424, which denotes the company had a -0.0424% return per unit of risk over the last 3 months. ECD Automotive Design exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm ECD Automotive's Standard Deviation of 3.98, mean deviation of 3.06, and Variance of 15.84 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.63, which means possible diversification benefits within a given portfolio. As returns on the market increase, ECD Automotive's returns are expected to increase less than the market. However, during the bear market, the loss of holding ECD Automotive is expected to be smaller as well. At this point, ECD Automotive Design has a negative expected return of -0.17%. Please make sure to confirm ECD Automotive's coefficient of variation, treynor ratio, skewness, as well as the relationship between the jensen alpha and value at risk , to decide if ECD Automotive Design performance from the past will be repeated at some future date.
Auto-correlation | -0.22 |
Weak reverse predictability
ECD Automotive Design has weak reverse predictability. Overlapping area represents the amount of predictability between ECD Automotive time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 ECD Automotive Design price movement. The serial correlation of -0.22 indicates that over 22.0% of current ECD Automotive price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.22 | |
| Spearman Rank Test | 0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
ECD Automotive Design lagged returns against current returns
Autocorrelation, which is ECD Automotive 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 ECD Automotive's stock expected returns. We can calculate the autocorrelation of ECD Automotive returns to help us make a trade decision. For example, suppose you find that ECD Automotive 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 |
ECD Automotive 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 ECD Automotive stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ECD Automotive stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ECD Automotive stock over time.
Current vs Lagged Prices |
| Timeline |
ECD Automotive Lagged Returns
When evaluating ECD Automotive's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ECD Automotive stock have on its future price. ECD Automotive 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, ECD Automotive autocorrelation shows the relationship between ECD Automotive stock current value and its past values and can show if there is a momentum factor associated with investing in ECD Automotive Design.
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.When determining whether ECD Automotive Design is a strong investment it is important to analyze ECD Automotive's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact ECD Automotive's future performance. For an informed investment choice regarding ECD Stock, refer to the following important reports:Check out ECD Automotive Correlation, ECD Automotive Volatility and ECD Automotive Alpha and Beta module to complement your research on ECD Automotive. You can also try the FinTech Suite module to use AI to screen and filter profitable investment opportunities.
ECD Automotive 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.