Eco Innovation Group Stock Market Value
| ECOX Stock | USD 0.0001 0.00 0.00% |
| Symbol | Eco |
Eco Innovation '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 Innovation'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 Innovation.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in Eco Innovation on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding Eco Innovation Group or generate 0.0% return on investment in Eco Innovation over 720 days. Eco Innovation is related to or competes with Cintas, Thomson Reuters, Global Payments, RB Global, Teleperformance, and Sodexo PK. Eco Innovation Group, Inc. operates as a green technology development company in the United States More
Eco Innovation 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 Innovation'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 Innovation Group upside and downside potential and time the market with a certain degree of confidence.
Eco Innovation Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Eco Innovation's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Eco Innovation's standard deviation. In reality, there are many statistical measures that can use Eco Innovation historical prices to predict the future Eco Innovation's volatility.Eco Innovation Group Backtested Returns
Eco Innovation Group secures Sharpe Ratio (or Efficiency) of 0.16, which denotes the company had a 0.16% return per unit of risk over the last 3 months. We were able to break down and interpolate data for three different technical indicators, which can help you to evaluate if expected returns of 28.13% are justified by taking the suggested risk. The firm shows a Beta (market volatility) of 0.0, which means not very significant fluctuations relative to the market. the returns on MARKET and Eco Innovation are completely uncorrelated.
Auto-correlation | 0.29 |
Poor predictability
Eco Innovation Group has poor predictability. Overlapping area represents the amount of predictability between Eco Innovation time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 to 2nd of December 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 Innovation Group price movement. The serial correlation of 0.29 indicates that nearly 29.0% of current Eco Innovation price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.29 | |
| Spearman Rank Test | 0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Eco Innovation Group lagged returns against current returns
Autocorrelation, which is Eco Innovation 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 Innovation's pink sheet expected returns. We can calculate the autocorrelation of Eco Innovation returns to help us make a trade decision. For example, suppose you find that Eco Innovation 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 Innovation 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 Innovation pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Eco Innovation 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 Innovation pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Eco Innovation Lagged Returns
When evaluating Eco Innovation's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Eco Innovation pink sheet have on its future price. Eco Innovation 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 Innovation autocorrelation shows the relationship between Eco Innovation pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Eco Innovation Group.
Regressed Prices |
| Timeline |
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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.Additional Tools for Eco Pink Sheet Analysis
When running Eco Innovation's price analysis, check to measure Eco Innovation'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 Eco Innovation is operating at the current time. Most of Eco Innovation's value examination focuses on studying past and present price action to predict the probability of Eco Innovation's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Eco Innovation's price. Additionally, you may evaluate how the addition of Eco Innovation to your portfolios can decrease your overall portfolio volatility.