ECOBANK GHANA's market value is the price at which a share of ECOBANK GHANA trades on a public exchange. It measures the collective expectations of ECOBANK GHANA LIMITED investors about its performance. ECOBANK GHANA is trading at 6.50 as of the 1st of December 2024, a No Change since the beginning of the trading day. The stock's lowest day price was 6.5. With this module, you can estimate the performance of a buy and hold strategy of ECOBANK GHANA LIMITED and determine expected loss or profit from investing in ECOBANK GHANA 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 price.
Symbol
ECOBANK
ECOBANK GHANA '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 ECOBANK GHANA'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 ECOBANK GHANA.
0.00
06/04/2024
No Change 0.00
0.0
In 5 months and 30 days
12/01/2024
0.00
If you would invest 0.00 in ECOBANK GHANA on June 4, 2024 and sell it all today you would earn a total of 0.00 from holding ECOBANK GHANA LIMITED or generate 0.0% return on investment in ECOBANK GHANA over 180 days.
ECOBANK GHANA 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 ECOBANK GHANA'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 ECOBANK GHANA LIMITED 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 ECOBANK GHANA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ECOBANK GHANA's standard deviation. In reality, there are many statistical measures that can use ECOBANK GHANA historical prices to predict the future ECOBANK GHANA's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as ECOBANK GHANA. Your research has to be compared to or analyzed against ECOBANK GHANA's peers to derive any actionable benefits. When done correctly, ECOBANK GHANA's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in ECOBANK GHANA LIMITED.
ECOBANK GHANA LIMITED Backtested Returns
At this point, ECOBANK GHANA is not too volatile. ECOBANK GHANA LIMITED secures Sharpe Ratio (or Efficiency) of 0.12, which denotes the company had a 0.12% return per unit of risk over the last 3 months. We have found sixteen technical indicators for ECOBANK GHANA LIMITED, which you can use to evaluate the volatility of the entity. Please confirm ECOBANK GHANA's Standard Deviation of 0.8072, coefficient of variation of 812.4, and Mean Deviation of 0.1957 to check if the risk estimate we provide is consistent with the expected return of 0.0994%. ECOBANK GHANA has a performance score of 9 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.11, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning ECOBANK GHANA are expected to decrease at a much lower rate. During the bear market, ECOBANK GHANA is likely to outperform the market. ECOBANK GHANA LIMITED at this time shows a risk of 0.81%. Please confirm ECOBANK GHANA LIMITED maximum drawdown, kurtosis, and the relationship between the treynor ratio and skewness , to decide if ECOBANK GHANA LIMITED will be following its price patterns.
Auto-correlation
0.00
No correlation between past and present
ECOBANK GHANA LIMITED has no correlation between past and present. Overlapping area represents the amount of predictability between ECOBANK GHANA time series from 4th of June 2024 to 2nd of September 2024 and 2nd of September 2024 to 1st of December 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 ECOBANK GHANA LIMITED price movement. The serial correlation of 0.0 indicates that just 0.0% of current ECOBANK GHANA price fluctuation can be explain by its past prices.
Correlation Coefficient
0.0
Spearman Rank Test
1.0
Residual Average
0.0
Price Variance
0.02
ECOBANK GHANA LIMITED lagged returns against current returns
Autocorrelation, which is ECOBANK GHANA 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 ECOBANK GHANA's stock expected returns. We can calculate the autocorrelation of ECOBANK GHANA returns to help us make a trade decision. For example, suppose you find that ECOBANK GHANA 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
ECOBANK GHANA 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 ECOBANK GHANA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ECOBANK GHANA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ECOBANK GHANA stock over time.
Current vs Lagged Prices
Timeline
ECOBANK GHANA Lagged Returns
When evaluating ECOBANK GHANA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ECOBANK GHANA stock have on its future price. ECOBANK GHANA 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, ECOBANK GHANA autocorrelation shows the relationship between ECOBANK GHANA stock current value and its past values and can show if there is a momentum factor associated with investing in ECOBANK GHANA LIMITED.
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.