Echo Investment (Poland) Market Value
| ECH Stock | 4.52 0.01 0.22% |
| Symbol | Echo |
Echo Investment '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 Echo Investment'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 Echo Investment.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Echo Investment on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Echo Investment SA or generate 0.0% return on investment in Echo Investment over 30 days. Echo Investment is related to or competes with Ice Code, Mlk Foods, Cloud Technologies, MCI Management, Movie Games, and Gaming Factory. More
Echo Investment 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 Echo Investment'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 Echo Investment SA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.53 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 10.82 | |||
| Value At Risk | (2.84) | |||
| Potential Upside | 3.17 |
Echo Investment Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Echo Investment's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Echo Investment's standard deviation. In reality, there are many statistical measures that can use Echo Investment historical prices to predict the future Echo Investment's volatility.| Risk Adjusted Performance | 0.0489 | |||
| Jensen Alpha | 0.0781 | |||
| Total Risk Alpha | (0.21) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.5735 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Echo Investment'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.
Echo Investment SA Backtested Returns
Currently, Echo Investment SA is slightly risky. Echo Investment SA secures Sharpe Ratio (or Efficiency) of 0.0707, which denotes the company had a 0.0707% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Echo Investment SA, which you can use to evaluate the volatility of the firm. Please confirm Echo Investment's Coefficient Of Variation of 1788.85, mean deviation of 1.42, and Downside Deviation of 2.53 to check if the risk estimate we provide is consistent with the expected return of 0.13%. Echo Investment has a performance score of 5 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.17, which means not very significant fluctuations relative to the market. As returns on the market increase, Echo Investment's returns are expected to increase less than the market. However, during the bear market, the loss of holding Echo Investment is expected to be smaller as well. Echo Investment SA right now shows a risk of 1.9%. Please confirm Echo Investment SA jensen alpha, semi variance, day typical price, as well as the relationship between the maximum drawdown and accumulation distribution , to decide if Echo Investment SA will be following its price patterns.
Auto-correlation | -0.41 |
Modest reverse predictability
Echo Investment SA has modest reverse predictability. Overlapping area represents the amount of predictability between Echo Investment time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 Echo Investment SA price movement. The serial correlation of -0.41 indicates that just about 41.0% of current Echo Investment price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.41 | |
| Spearman Rank Test | -0.85 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Echo Investment SA lagged returns against current returns
Autocorrelation, which is Echo Investment 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 Echo Investment's stock expected returns. We can calculate the autocorrelation of Echo Investment returns to help us make a trade decision. For example, suppose you find that Echo Investment 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 |
Echo Investment 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 Echo Investment stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Echo Investment stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Echo Investment stock over time.
Current vs Lagged Prices |
| Timeline |
Echo Investment Lagged Returns
When evaluating Echo Investment's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Echo Investment stock have on its future price. Echo Investment 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, Echo Investment autocorrelation shows the relationship between Echo Investment stock current value and its past values and can show if there is a momentum factor associated with investing in Echo Investment SA.
Regressed Prices |
| Timeline |
Pair Trading with Echo Investment
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 Echo Investment 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 Echo Investment will appreciate offsetting losses from the drop in the long position's value.Moving together with Echo Stock
Moving against Echo Stock
| 0.79 | PKN | Polski Koncern Naftowy | PairCorr |
| 0.72 | BNP | BNP Paribas Bank | PairCorr |
| 0.66 | MBK | mBank SA | PairCorr |
| 0.54 | PZU | Powszechny Zaklad | PairCorr |
| 0.53 | SPL | Santander Bank Polska | PairCorr |
The ability to find closely correlated positions to Echo Investment could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Echo Investment 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 Echo Investment - 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 Echo Investment SA to buy it.
The correlation of Echo Investment 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 Echo Investment moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Echo Investment SA 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 Echo Investment 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.Additional Tools for Echo Stock Analysis
When running Echo Investment's price analysis, check to measure Echo Investment's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Echo Investment is operating at the current time. Most of Echo Investment's value examination focuses on studying past and present price action to predict the probability of Echo Investment's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Echo Investment's price. Additionally, you may evaluate how the addition of Echo Investment to your portfolios can decrease your overall portfolio volatility.