Elite Education Group Stock Market Value
| EEIQ Stock | USD 1.01 0.01 0.98% |
| Symbol | Elite |
Elite Education Group Price To Book Ratio
Is Diversified Consumer Services space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Elite Education. If investors know Elite will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Elite Education listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.60) | Revenue Per Share 0.533 | Quarterly Revenue Growth 0.217 | Return On Assets (0.25) | Return On Equity (0.57) |
The market value of Elite Education Group is measured differently than its book value, which is the value of Elite that is recorded on the company's balance sheet. Investors also form their own opinion of Elite Education's value that differs from its market value or its book value, called intrinsic value, which is Elite Education's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Elite Education's market value can be influenced by many factors that don't directly affect Elite Education's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Elite Education's value and its price as these two are different measures arrived at by different means. Investors typically determine if Elite Education is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Elite Education's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Elite Education '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 Elite Education'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 Elite Education.
| 12/07/2022 |
| 11/26/2024 |
If you would invest 0.00 in Elite Education on December 7, 2022 and sell it all today you would earn a total of 0.00 from holding Elite Education Group or generate 0.0% return on investment in Elite Education over 720 days. Elite Education is related to or competes with Golden Sun, Jianzhi Education, Genius, Lixiang Education, QuantaSing Group, Wah Fu, and China Liberal. EpicQuest Education Group International Limited, through its subsidiaries, provides education solutions for students int... More
Elite Education 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 Elite Education'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 Elite Education Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.58 | |||
| Information Ratio | 0.0694 | |||
| Maximum Drawdown | 28.21 | |||
| Value At Risk | (6.67) | |||
| Potential Upside | 9.59 |
Elite Education Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Elite Education's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Elite Education's standard deviation. In reality, there are many statistical measures that can use Elite Education historical prices to predict the future Elite Education's volatility.| Risk Adjusted Performance | 0.08 | |||
| Jensen Alpha | 0.6095 | |||
| Total Risk Alpha | (0.37) | |||
| Sortino Ratio | 0.0689 | |||
| Treynor Ratio | (0.59) |
Elite Education Group Backtested Returns
Elite Education appears to be very risky, given 3 months investment horizon. Elite Education Group secures Sharpe Ratio (or Efficiency) of 0.11, which denotes the company had a 0.11% return per unit of risk over the last 3 months. By reviewing Elite Education's technical indicators, you can evaluate if the expected return of 0.61% is justified by implied risk. Please utilize Elite Education's Downside Deviation of 5.58, mean deviation of 3.81, and Coefficient Of Variation of 1075.02 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Elite Education holds a performance score of 8. The firm shows a Beta (market volatility) of -0.86, which means possible diversification benefits within a given portfolio. As the market becomes more bullish, returns on owning Elite Education are expected to decrease slowly. On the other hand, during market turmoil, Elite Education is expected to outperform it slightly. Please check Elite Education's kurtosis, day typical price, as well as the relationship between the potential upside and total risk alpha , to make a quick decision on whether Elite Education's price patterns will revert.
Auto-correlation | 0.72 |
Good predictability
Elite Education Group has good predictability. Overlapping area represents the amount of predictability between Elite Education time series from 7th of December 2022 to 2nd of December 2023 and 2nd of December 2023 to 26th 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 Elite Education Group price movement. The serial correlation of 0.72 indicates that around 72.0% of current Elite Education price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.72 | |
| Spearman Rank Test | 0.64 | |
| Residual Average | 0.0 | |
| Price Variance | 0.17 |
Elite Education Group lagged returns against current returns
Autocorrelation, which is Elite Education 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 Elite Education's stock expected returns. We can calculate the autocorrelation of Elite Education returns to help us make a trade decision. For example, suppose you find that Elite Education 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 |
Elite Education 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 Elite Education stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Elite Education stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Elite Education stock over time.
Current vs Lagged Prices |
| Timeline |
Elite Education Lagged Returns
When evaluating Elite Education's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Elite Education stock have on its future price. Elite Education 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, Elite Education autocorrelation shows the relationship between Elite Education stock current value and its past values and can show if there is a momentum factor associated with investing in Elite Education Group.
Regressed Prices |
| Timeline |
Pair Trading with Elite Education
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 Elite Education 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 Elite Education will appreciate offsetting losses from the drop in the long position's value.Moving against Elite Stock
| 0.52 | WAFU | Wah Fu Education | PairCorr |
| 0.48 | GV | Visionary Education | PairCorr |
| 0.46 | EDU | New Oriental Education | PairCorr |
| 0.42 | YQ | 17 Education Technology | PairCorr |
| 0.34 | EDTK | Skillful Craftsman | PairCorr |
The ability to find closely correlated positions to Elite Education could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Elite Education 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 Elite Education - 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 Elite Education Group to buy it.
The correlation of Elite Education 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 Elite Education moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Elite Education Group 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 Elite Education 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 Elite Stock Analysis
When running Elite Education's price analysis, check to measure Elite Education'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 Elite Education is operating at the current time. Most of Elite Education's value examination focuses on studying past and present price action to predict the probability of Elite Education's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Elite Education's price. Additionally, you may evaluate how the addition of Elite Education to your portfolios can decrease your overall portfolio volatility.