ED Invest (Poland) Market Value
| EDI Stock | 6.48 0.52 7.43% |
| Symbol | EDI |
ED Invest '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 ED Invest'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 ED Invest.
| 11/03/2024 |
| 12/03/2024 |
If you would invest 0.00 in ED Invest on November 3, 2024 and sell it all today you would earn a total of 0.00 from holding ED Invest SA or generate 0.0% return on investment in ED Invest over 30 days. ED Invest is related to or competes with Monnari Trade, New Tech, Skyline Investment, Tower Investments, Carlson Investments, Igoria Trade, and PLAYWAY SA. More
ED Invest 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 ED Invest'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 ED Invest SA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.67 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 14.96 | |||
| Value At Risk | (3.85) | |||
| Potential Upside | 3.66 |
ED Invest Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ED Invest's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ED Invest's standard deviation. In reality, there are many statistical measures that can use ED Invest historical prices to predict the future ED Invest's volatility.| Risk Adjusted Performance | 0.0362 | |||
| Jensen Alpha | 0.0555 | |||
| Total Risk Alpha | (0.31) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.2931 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of ED Invest'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.
ED Invest SA Backtested Returns
Currently, ED Invest SA is slightly risky. ED Invest SA retains Efficiency (Sharpe Ratio) of 0.047, which denotes the company had a 0.047% return per unit of price deviation over the last 3 months. We have found twenty-nine technical indicators for ED Invest, which you can use to evaluate the volatility of the firm. Please confirm ED Invest's Market Risk Adjusted Performance of 0.3031, downside deviation of 2.67, and Standard Deviation of 2.65 to check if the risk estimate we provide is consistent with the expected return of 0.12%. ED Invest has a performance score of 3 on a scale of 0 to 100. The firm owns a Beta (Systematic Risk) of 0.31, which means possible diversification benefits within a given portfolio. As returns on the market increase, ED Invest's returns are expected to increase less than the market. However, during the bear market, the loss of holding ED Invest is expected to be smaller as well. ED Invest SA today owns a risk of 2.65%. Please confirm ED Invest SA value at risk, daily balance of power, and the relationship between the total risk alpha and expected short fall , to decide if ED Invest SA will be following its current price history.
Auto-correlation | 0.54 |
Modest predictability
ED Invest SA has modest predictability. Overlapping area represents the amount of predictability between ED Invest 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 ED Invest SA price movement. The serial correlation of 0.54 indicates that about 54.0% of current ED Invest price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.54 | |
| Spearman Rank Test | 0.61 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
ED Invest SA lagged returns against current returns
Autocorrelation, which is ED Invest 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 ED Invest's stock expected returns. We can calculate the autocorrelation of ED Invest returns to help us make a trade decision. For example, suppose you find that ED Invest 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 |
ED Invest 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 ED Invest stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ED Invest stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ED Invest stock over time.
Current vs Lagged Prices |
| Timeline |
ED Invest Lagged Returns
When evaluating ED Invest's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ED Invest stock have on its future price. ED Invest 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, ED Invest autocorrelation shows the relationship between ED Invest stock current value and its past values and can show if there is a momentum factor associated with investing in ED Invest SA.
Regressed Prices |
| Timeline |
Pair Trading with ED Invest
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 ED Invest 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 ED Invest will appreciate offsetting losses from the drop in the long position's value.Moving against EDI Stock
The ability to find closely correlated positions to ED Invest could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ED Invest 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 ED Invest - 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 ED Invest SA to buy it.
The correlation of ED Invest 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 ED Invest moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ED Invest 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 ED Invest 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 EDI Stock Analysis
When running ED Invest's price analysis, check to measure ED Invest'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 ED Invest is operating at the current time. Most of ED Invest's value examination focuses on studying past and present price action to predict the probability of ED Invest's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ED Invest's price. Additionally, you may evaluate how the addition of ED Invest to your portfolios can decrease your overall portfolio volatility.