Ecoplus Stock Market Value
| ECPL Stock | USD 0.01 0.00 0.00% |
| Symbol | EcoPlus |
EcoPlus '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 EcoPlus' 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 EcoPlus.
| 11/03/2024 |
| 12/03/2024 |
If you would invest 0.00 in EcoPlus on November 3, 2024 and sell it all today you would earn a total of 0.00 from holding EcoPlus or generate 0.0% return on investment in EcoPlus over 30 days. EcoPlus is related to or competes with Republic Services, Waste Connections, Clean Harbors, Gfl Environmental, and Casella Waste. EcoPlus Inc. provides a solution for managing fats, oils, and grease from food service establishments and food processor... More
EcoPlus 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 EcoPlus' 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 EcoPlus upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 38.73 | |||
| Information Ratio | 0.1249 | |||
| Maximum Drawdown | 249.12 | |||
| Value At Risk | (28.75) | |||
| Potential Upside | 18.18 |
EcoPlus Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for EcoPlus' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as EcoPlus' standard deviation. In reality, there are many statistical measures that can use EcoPlus historical prices to predict the future EcoPlus' volatility.| Risk Adjusted Performance | 0.1076 | |||
| Jensen Alpha | 4.93 | |||
| Total Risk Alpha | (0.87) | |||
| Sortino Ratio | 0.1284 | |||
| Treynor Ratio | 3.67 |
EcoPlus Backtested Returns
EcoPlus is out of control given 3 months investment horizon. EcoPlus secures Sharpe Ratio (or Efficiency) of 0.13, which denotes the company had a 0.13% return per unit of risk over the last 3 months. We were able to interpolate data for twenty-four different technical indicators, which can help you to evaluate if expected returns of 5.26% are justified by taking the suggested risk. Use EcoPlus Coefficient Of Variation of 780.93, downside deviation of 38.73, and Mean Deviation of 16.03 to evaluate company specific risk that cannot be diversified away. EcoPlus holds a performance score of 10 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of 1.39, 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, EcoPlus will likely underperform. Use EcoPlus treynor ratio, as well as the relationship between the semi variance and day median price , to analyze future returns on EcoPlus.
Auto-correlation | 0.00 |
No correlation between past and present
EcoPlus has no correlation between past and present. Overlapping area represents the amount of predictability between EcoPlus time series from 3rd of November 2024 to 18th of November 2024 and 18th of November 2024 to 3rd 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 EcoPlus price movement. The serial correlation of 0.0 indicates that just 0.0% of current EcoPlus price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.78 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
EcoPlus lagged returns against current returns
Autocorrelation, which is EcoPlus 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 EcoPlus' pink sheet expected returns. We can calculate the autocorrelation of EcoPlus returns to help us make a trade decision. For example, suppose you find that EcoPlus 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 |
EcoPlus 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 EcoPlus pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if EcoPlus pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in EcoPlus pink sheet over time.
Current vs Lagged Prices |
| Timeline |
EcoPlus Lagged Returns
When evaluating EcoPlus' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of EcoPlus pink sheet have on its future price. EcoPlus 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, EcoPlus autocorrelation shows the relationship between EcoPlus pink sheet current value and its past values and can show if there is a momentum factor associated with investing in EcoPlus.
Regressed Prices |
| Timeline |
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Try AI Portfolio ArchitectOther Information on Investing in EcoPlus Pink Sheet
EcoPlus financial ratios help investors to determine whether EcoPlus 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 EcoPlus with respect to the benefits of owning EcoPlus security.