Egypt Aluminum (Egypt) Market Value

EGAL Stock   159.06  10.07  6.76%   
Egypt Aluminum's market value is the price at which a share of Egypt Aluminum trades on a public exchange. It measures the collective expectations of Egypt Aluminum investors about its performance. Egypt Aluminum is trading at 159.06 as of the 22nd of January 2025. This is a 6.76 percent up since the beginning of the trading day. The stock's lowest day price was 147.02.
With this module, you can estimate the performance of a buy and hold strategy of Egypt Aluminum and determine expected loss or profit from investing in Egypt Aluminum over a given investment horizon. Check out Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
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Egypt Aluminum '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 Egypt Aluminum'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 Egypt Aluminum.
0.00
12/23/2024
No Change 0.00  0.0 
In 30 days
01/22/2025
0.00
If you would invest  0.00  in Egypt Aluminum on December 23, 2024 and sell it all today you would earn a total of 0.00 from holding Egypt Aluminum or generate 0.0% return on investment in Egypt Aluminum over 30 days.

Egypt Aluminum 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 Egypt Aluminum'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 Egypt Aluminum upside and downside potential and time the market with a certain degree of confidence.

Egypt Aluminum Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Egypt Aluminum's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Egypt Aluminum's standard deviation. In reality, there are many statistical measures that can use Egypt Aluminum historical prices to predict the future Egypt Aluminum's volatility.

Egypt Aluminum Backtested Returns

Egypt Aluminum appears to be very steady, given 3 months investment horizon. Egypt Aluminum secures Sharpe Ratio (or Efficiency) of 0.28, which denotes the company had a 0.28 % return per unit of risk over the last 3 months. By reviewing Egypt Aluminum's technical indicators, you can evaluate if the expected return of 0.78% is justified by implied risk. Please utilize Egypt Aluminum's Mean Deviation of 1.63, coefficient of variation of 530.05, and Downside Deviation of 2.11 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Egypt Aluminum holds a performance score of 21. The firm shows a Beta (market volatility) of 0.36, which means possible diversification benefits within a given portfolio. As returns on the market increase, Egypt Aluminum's returns are expected to increase less than the market. However, during the bear market, the loss of holding Egypt Aluminum is expected to be smaller as well. Please check Egypt Aluminum's value at risk, downside variance, and the relationship between the maximum drawdown and potential upside , to make a quick decision on whether Egypt Aluminum's price patterns will revert.

Auto-correlation

    
  0.02  

Virtually no predictability

Egypt Aluminum has virtually no predictability. Overlapping area represents the amount of predictability between Egypt Aluminum time series from 23rd of December 2024 to 7th of January 2025 and 7th of January 2025 to 22nd 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 Egypt Aluminum price movement. The serial correlation of 0.02 indicates that only 2.0% of current Egypt Aluminum price fluctuation can be explain by its past prices.
Correlation Coefficient0.02
Spearman Rank Test-0.05
Residual Average0.0
Price Variance212.6

Egypt Aluminum lagged returns against current returns

Autocorrelation, which is Egypt Aluminum 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 Egypt Aluminum's stock expected returns. We can calculate the autocorrelation of Egypt Aluminum returns to help us make a trade decision. For example, suppose you find that Egypt Aluminum 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  

Egypt Aluminum 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 Egypt Aluminum stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Egypt Aluminum stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Egypt Aluminum stock over time.
   Current vs Lagged Prices   
       Timeline  

Egypt Aluminum Lagged Returns

When evaluating Egypt Aluminum's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Egypt Aluminum stock have on its future price. Egypt Aluminum 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, Egypt Aluminum autocorrelation shows the relationship between Egypt Aluminum stock current value and its past values and can show if there is a momentum factor associated with investing in Egypt Aluminum.
   Regressed Prices   
       Timeline  

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