Electric Power Development Stock Market Value
| EDRWY Stock | USD 17.79 0.31 1.71% |
| Symbol | Electric |
Electric Power '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 Electric Power'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 Electric Power.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Electric Power on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Electric Power Development or generate 0.0% return on investment in Electric Power over 30 days. Electric Power is related to or competes with Copa Holdings, United Airlines, Delta Air, SkyWest, and Allegiant Travel. Electric Power Development Co., Ltd. engages in the wholesale supply of hydroelectric and thermal power in Japan More
Electric Power 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 Electric Power'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 Electric Power Development upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 9.62 | |||
| Potential Upside | 0.6932 |
Electric Power Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Electric Power's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Electric Power's standard deviation. In reality, there are many statistical measures that can use Electric Power historical prices to predict the future Electric Power's volatility.| Risk Adjusted Performance | 0.074 | |||
| Jensen Alpha | 0.1012 | |||
| Total Risk Alpha | (0.07) | |||
| Treynor Ratio | (0.49) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Electric Power'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.
Electric Power Devel Backtested Returns
At this stage we consider Electric Pink Sheet to be very steady. Electric Power Devel secures Sharpe Ratio (or Efficiency) of 0.0952, which denotes the company had a 0.0952% return per unit of risk over the last 3 months. We have found twenty-three technical indicators for Electric Power Development, which you can use to evaluate the volatility of the firm. Please confirm Electric Power's Standard Deviation of 0.9743, variance of 0.9492, and Mean Deviation of 0.3201 to check if the risk estimate we provide is consistent with the expected return of 0.0942%. Electric Power has a performance score of 7 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.16, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Electric Power are expected to decrease at a much lower rate. During the bear market, Electric Power is likely to outperform the market. Electric Power Devel right now shows a risk of 0.99%. Please confirm Electric Power Devel kurtosis, market facilitation index, and the relationship between the maximum drawdown and rate of daily change , to decide if Electric Power Devel will be following its price patterns.
Auto-correlation | 0.24 |
Weak predictability
Electric Power Development has weak predictability. Overlapping area represents the amount of predictability between Electric Power time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 Electric Power Devel price movement. The serial correlation of 0.24 indicates that over 24.0% of current Electric Power price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.24 | |
| Spearman Rank Test | 0.64 | |
| Residual Average | 0.0 | |
| Price Variance | 0.08 |
Electric Power Devel lagged returns against current returns
Autocorrelation, which is Electric Power 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 Electric Power's pink sheet expected returns. We can calculate the autocorrelation of Electric Power returns to help us make a trade decision. For example, suppose you find that Electric Power 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 |
Electric Power 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 Electric Power pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Electric Power pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Electric Power pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Electric Power Lagged Returns
When evaluating Electric Power's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Electric Power pink sheet have on its future price. Electric Power 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, Electric Power autocorrelation shows the relationship between Electric Power pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Electric Power Development.
Regressed Prices |
| Timeline |
Also Currently Popular
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 Electric Pink Sheet Analysis
When running Electric Power's price analysis, check to measure Electric Power'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 Electric Power is operating at the current time. Most of Electric Power's value examination focuses on studying past and present price action to predict the probability of Electric Power's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Electric Power's price. Additionally, you may evaluate how the addition of Electric Power to your portfolios can decrease your overall portfolio volatility.