ECIT AS (Norway) Market Value
| ECIT Stock | 9.88 0.00 0.00% |
| Symbol | ECIT |
ECIT AS '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 ECIT AS'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 ECIT AS.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in ECIT AS on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding ECIT AS or generate 0.0% return on investment in ECIT AS over 30 days. ECIT AS is related to or competes with Crayon Group, NRC Group, Pexip Holding, and Europris ASA. More
ECIT AS 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 ECIT AS'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 ECIT AS upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.67 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 10.08 | |||
| Value At Risk | (1.21) | |||
| Potential Upside | 1.22 |
ECIT AS Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ECIT AS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ECIT AS's standard deviation. In reality, there are many statistical measures that can use ECIT AS historical prices to predict the future ECIT AS's volatility.| Risk Adjusted Performance | 0.0595 | |||
| Jensen Alpha | 0.0992 | |||
| Total Risk Alpha | (0.1) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | (0.30) |
ECIT AS Backtested Returns
As of now, ECIT Stock is not too volatile. ECIT AS secures Sharpe Ratio (or Efficiency) of 0.069, which denotes the company had a 0.069% return per unit of return volatility over the last 3 months. We have found twenty-four technical indicators for ECIT AS, which you can use to evaluate the volatility of the entity. Please confirm ECIT AS's downside deviation of 1.67, and Mean Deviation of 0.5146 to check if the risk estimate we provide is consistent with the expected return of 0.0773%. ECIT AS has a performance score of 5 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.23, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning ECIT AS are expected to decrease at a much lower rate. During the bear market, ECIT AS is likely to outperform the market. ECIT AS at this time shows a risk of 1.12%. Please confirm ECIT AS information ratio, total risk alpha, and the relationship between the variance and jensen alpha , to decide if ECIT AS will be following its price patterns.
Auto-correlation | -0.47 |
Modest reverse predictability
ECIT AS has modest reverse predictability. Overlapping area represents the amount of predictability between ECIT AS time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 ECIT AS price movement. The serial correlation of -0.47 indicates that about 47.0% of current ECIT AS price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.47 | |
| Spearman Rank Test | 0.54 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
ECIT AS lagged returns against current returns
Autocorrelation, which is ECIT AS 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 ECIT AS's stock expected returns. We can calculate the autocorrelation of ECIT AS returns to help us make a trade decision. For example, suppose you find that ECIT AS 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 |
ECIT AS 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 ECIT AS stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ECIT AS stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ECIT AS stock over time.
Current vs Lagged Prices |
| Timeline |
ECIT AS Lagged Returns
When evaluating ECIT AS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ECIT AS stock have on its future price. ECIT AS 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, ECIT AS autocorrelation shows the relationship between ECIT AS stock current value and its past values and can show if there is a momentum factor associated with investing in ECIT AS.
Regressed Prices |
| Timeline |
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ECIT AS financial ratios help investors to determine whether ECIT 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 ECIT with respect to the benefits of owning ECIT AS security.