Eureka Group (Australia) Market Value
| EGH Stock | 0.59 0.00 0.00% |
| Symbol | Eureka |
Eureka Group '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 Eureka Group'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 Eureka Group.
| 06/01/2024 |
| 11/28/2024 |
If you would invest 0.00 in Eureka Group on June 1, 2024 and sell it all today you would earn a total of 0.00 from holding Eureka Group Holdings or generate 0.0% return on investment in Eureka Group over 180 days. Eureka Group is related to or competes with Scentre, Vicinity Centres, Charter Hall, Cromwell Property, Carindale Property, GDI Property, and Australian Unity. Eureka Group is entity of Australia. It is traded as Stock on AU exchange. More
Eureka Group 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 Eureka Group'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 Eureka Group Holdings upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.1) | |||
| Maximum Drawdown | 10.75 | |||
| Value At Risk | (3.28) | |||
| Potential Upside | 3.13 |
Eureka Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Eureka Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Eureka Group's standard deviation. In reality, there are many statistical measures that can use Eureka Group historical prices to predict the future Eureka Group's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.35) | |||
| Treynor Ratio | (0.32) |
Eureka Group Holdings Backtested Returns
Eureka Group Holdings secures Sharpe Ratio (or Efficiency) of -0.0471, which denotes the company had a -0.0471% return per unit of risk over the last 3 months. Eureka Group Holdings exposes twenty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Eureka Group's Mean Deviation of 1.19, variance of 3.44, and Standard Deviation of 1.86 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.21, which means not very significant fluctuations relative to the market. As returns on the market increase, Eureka Group's returns are expected to increase less than the market. However, during the bear market, the loss of holding Eureka Group is expected to be smaller as well. At this point, Eureka Group Holdings has a negative expected return of -0.086%. Please make sure to confirm Eureka Group's jensen alpha, value at risk, skewness, as well as the relationship between the total risk alpha and potential upside , to decide if Eureka Group Holdings performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.63 |
Very good reverse predictability
Eureka Group Holdings has very good reverse predictability. Overlapping area represents the amount of predictability between Eureka Group time series from 1st of June 2024 to 30th of August 2024 and 30th of August 2024 to 28th 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 Eureka Group Holdings price movement. The serial correlation of -0.63 indicates that roughly 63.0% of current Eureka Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.63 | |
| Spearman Rank Test | -0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Eureka Group Holdings lagged returns against current returns
Autocorrelation, which is Eureka Group 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 Eureka Group's stock expected returns. We can calculate the autocorrelation of Eureka Group returns to help us make a trade decision. For example, suppose you find that Eureka Group 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 |
Eureka Group 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 Eureka Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Eureka Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Eureka Group stock over time.
Current vs Lagged Prices |
| Timeline |
Eureka Group Lagged Returns
When evaluating Eureka Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Eureka Group stock have on its future price. Eureka Group 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, Eureka Group autocorrelation shows the relationship between Eureka Group stock current value and its past values and can show if there is a momentum factor associated with investing in Eureka Group Holdings.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Additional Tools for Eureka Stock Analysis
When running Eureka Group's price analysis, check to measure Eureka Group'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 Eureka Group is operating at the current time. Most of Eureka Group's value examination focuses on studying past and present price action to predict the probability of Eureka Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Eureka Group's price. Additionally, you may evaluate how the addition of Eureka Group to your portfolios can decrease your overall portfolio volatility.