Egyptian Gulf's market value is the price at which a share of Egyptian Gulf trades on a public exchange. It measures the collective expectations of Egyptian Gulf Bank investors about its performance. Egyptian Gulf is trading at 0.27 as of the 29th of November 2024. This is a 3.57 percent decrease since the beginning of the trading day. The stock's lowest day price was 0.27. With this module, you can estimate the performance of a buy and hold strategy of Egyptian Gulf Bank and determine expected loss or profit from investing in Egyptian Gulf 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.
Symbol
Egyptian
Egyptian Gulf '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 Egyptian Gulf'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 Egyptian Gulf.
0.00
10/30/2024
No Change 0.00
0.0
In 30 days
11/29/2024
0.00
If you would invest 0.00 in Egyptian Gulf on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Egyptian Gulf Bank or generate 0.0% return on investment in Egyptian Gulf over 30 days.
Egyptian Gulf 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 Egyptian Gulf'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 Egyptian Gulf Bank upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Egyptian Gulf's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Egyptian Gulf's standard deviation. In reality, there are many statistical measures that can use Egyptian Gulf historical prices to predict the future Egyptian Gulf's volatility.
At this point, Egyptian Gulf is out of control. Egyptian Gulf Bank secures Sharpe Ratio (or Efficiency) of 0.0633, which denotes the company had a 0.0633% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Egyptian Gulf Bank, which you can use to evaluate the volatility of the firm. Please confirm Egyptian Gulf's Downside Deviation of 3.76, mean deviation of 1.26, and Coefficient Of Variation of 7544.79 to check if the risk estimate we provide is consistent with the expected return of 0.19%. Egyptian Gulf has a performance score of 4 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.57, which means possible diversification benefits within a given portfolio. As returns on the market increase, Egyptian Gulf's returns are expected to increase less than the market. However, during the bear market, the loss of holding Egyptian Gulf is expected to be smaller as well. Egyptian Gulf Bank right now shows a risk of 3.0%. Please confirm Egyptian Gulf Bank value at risk, downside variance, and the relationship between the maximum drawdown and potential upside , to decide if Egyptian Gulf Bank will be following its price patterns.
Auto-correlation
-0.1
Very weak reverse predictability
Egyptian Gulf Bank has very weak reverse predictability. Overlapping area represents the amount of predictability between Egyptian Gulf time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 Egyptian Gulf Bank price movement. The serial correlation of -0.1 indicates that less than 10.0% of current Egyptian Gulf price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.1
Spearman Rank Test
0.15
Residual Average
0.0
Price Variance
0.0
Egyptian Gulf Bank lagged returns against current returns
Autocorrelation, which is Egyptian Gulf 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 Egyptian Gulf's stock expected returns. We can calculate the autocorrelation of Egyptian Gulf returns to help us make a trade decision. For example, suppose you find that Egyptian Gulf 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
Egyptian Gulf 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 Egyptian Gulf stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Egyptian Gulf stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Egyptian Gulf stock over time.
Current vs Lagged Prices
Timeline
Egyptian Gulf Lagged Returns
When evaluating Egyptian Gulf's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Egyptian Gulf stock have on its future price. Egyptian Gulf 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, Egyptian Gulf autocorrelation shows the relationship between Egyptian Gulf stock current value and its past values and can show if there is a momentum factor associated with investing in Egyptian Gulf Bank.
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.