Encavis AG (Germany) Market Value
| ECV Stock | 17.46 0.01 0.06% |
| Symbol | Encavis |
Encavis AG '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 Encavis AG'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 Encavis AG.
| 01/01/2025 |
| 01/31/2025 |
If you would invest 0.00 in Encavis AG on January 1, 2025 and sell it all today you would earn a total of 0.00 from holding Encavis AG or generate 0.0% return on investment in Encavis AG over 30 days. Encavis AG is related to or competes with HELIOS TECHS, Easy Software, Webster Financial, CHIBA BANK, Addtech AB, and CullenFrost Bankers. More
Encavis AG 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 Encavis AG'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 Encavis AG upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.3247 | |||
| Information Ratio | (0.20) | |||
| Maximum Drawdown | 2.58 | |||
| Value At Risk | (0.53) | |||
| Potential Upside | 0.6395 |
Encavis AG Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Encavis AG's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Encavis AG's standard deviation. In reality, there are many statistical measures that can use Encavis AG historical prices to predict the future Encavis AG's volatility.| Risk Adjusted Performance | 0.0395 | |||
| Jensen Alpha | 0.0108 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.24) | |||
| Treynor Ratio | 0.4636 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Encavis AG'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.
Encavis AG Backtested Returns
Currently, Encavis AG is very steady. Encavis AG secures Sharpe Ratio (or Efficiency) of 0.0864, which denotes the company had a 0.0864 % return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for Encavis AG, which you can use to evaluate the volatility of the firm. Please confirm Encavis AG's Downside Deviation of 0.3247, semi deviation of 0.1931, and Mean Deviation of 0.2177 to check if the risk estimate we provide is consistent with the expected return of 0.0325%. Encavis AG has a performance score of 6 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.029, which means not very significant fluctuations relative to the market. As returns on the market increase, Encavis AG's returns are expected to increase less than the market. However, during the bear market, the loss of holding Encavis AG is expected to be smaller as well. Encavis AG right now shows a risk of 0.38%. Please confirm Encavis AG potential upside, rate of daily change, and the relationship between the sortino ratio and skewness , to decide if Encavis AG will be following its price patterns.
Auto-correlation | 0.04 |
Virtually no predictability
Encavis AG has virtually no predictability. Overlapping area represents the amount of predictability between Encavis AG time series from 1st of January 2025 to 16th of January 2025 and 16th of January 2025 to 31st of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Encavis AG price movement. The serial correlation of 0.04 indicates that only as little as 4.0% of current Encavis AG price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.04 | |
| Spearman Rank Test | 0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Encavis AG lagged returns against current returns
Autocorrelation, which is Encavis AG 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 Encavis AG's stock expected returns. We can calculate the autocorrelation of Encavis AG returns to help us make a trade decision. For example, suppose you find that Encavis AG 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 |
Encavis AG 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 Encavis AG stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Encavis AG stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Encavis AG stock over time.
Current vs Lagged Prices |
| Timeline |
Encavis AG Lagged Returns
When evaluating Encavis AG's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Encavis AG stock have on its future price. Encavis AG 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, Encavis AG autocorrelation shows the relationship between Encavis AG stock current value and its past values and can show if there is a momentum factor associated with investing in Encavis AG.
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 Encavis Stock Analysis
When running Encavis AG's price analysis, check to measure Encavis AG'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 Encavis AG is operating at the current time. Most of Encavis AG's value examination focuses on studying past and present price action to predict the probability of Encavis AG's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Encavis AG's price. Additionally, you may evaluate how the addition of Encavis AG to your portfolios can decrease your overall portfolio volatility.