Eguana Technologies Stock Market Value
| EGTYF Stock | USD 0.01 0 21.21% |
| Symbol | Eguana |
Eguana Technologies '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 Eguana Technologies' otc 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 Eguana Technologies.
| 01/06/2023 |
| 11/26/2024 |
If you would invest 0.00 in Eguana Technologies on January 6, 2023 and sell it all today you would earn a total of 0.00 from holding Eguana Technologies or generate 0.0% return on investment in Eguana Technologies over 690 days. Eguana Technologies is related to or competes with Element Solutions, Orion Engineered, Minerals Technologies, Ingevity Corp, Hawkins, Crown Electrokinetics, and Core Molding. Eguana Technologies Inc. designs and manufactures residential and commercial energy storage systems for fuel cell, photo... More
Eguana Technologies 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 Eguana Technologies' otc 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 Eguana Technologies upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 20.17 | |||
| Information Ratio | 0.0905 | |||
| Maximum Drawdown | 97.89 | |||
| Value At Risk | (28.28) | |||
| Potential Upside | 37.5 |
Eguana Technologies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Eguana Technologies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Eguana Technologies' standard deviation. In reality, there are many statistical measures that can use Eguana Technologies historical prices to predict the future Eguana Technologies' volatility.| Risk Adjusted Performance | 0.0842 | |||
| Jensen Alpha | 2.22 | |||
| Total Risk Alpha | (1.04) | |||
| Sortino Ratio | 0.0806 | |||
| Treynor Ratio | (0.43) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Eguana Technologies' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Eguana Technologies Backtested Returns
Eguana Technologies is out of control given 3 months investment horizon. Eguana Technologies secures Sharpe Ratio (or Efficiency) of 0.0972, which denotes the company had a 0.0972% return per unit of risk over the last 3 months. We have analyzed and interpolated twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.78% are justified by taking the suggested risk. Use Eguana Technologies Mean Deviation of 11.19, coefficient of variation of 1024.12, and Downside Deviation of 20.17 to evaluate company specific risk that cannot be diversified away. Eguana Technologies holds a performance score of 7 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of -4.04, which means a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Eguana Technologies are expected to decrease by larger amounts. On the other hand, during market turmoil, Eguana Technologies is expected to outperform it. Use Eguana Technologies potential upside, as well as the relationship between the kurtosis and day typical price , to analyze future returns on Eguana Technologies.
Auto-correlation | 0.86 |
Very good predictability
Eguana Technologies has very good predictability. Overlapping area represents the amount of predictability between Eguana Technologies time series from 6th of January 2023 to 17th of December 2023 and 17th 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 Eguana Technologies price movement. The serial correlation of 0.86 indicates that approximately 86.0% of current Eguana Technologies price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.86 | |
| Spearman Rank Test | 0.75 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Eguana Technologies lagged returns against current returns
Autocorrelation, which is Eguana Technologies otc 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 Eguana Technologies' otc stock expected returns. We can calculate the autocorrelation of Eguana Technologies returns to help us make a trade decision. For example, suppose you find that Eguana Technologies has exhibited high autocorrelation historically, and you observe that the otc 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 |
Eguana Technologies 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 Eguana Technologies otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Eguana Technologies otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Eguana Technologies otc stock over time.
Current vs Lagged Prices |
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Eguana Technologies Lagged Returns
When evaluating Eguana Technologies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Eguana Technologies otc stock have on its future price. Eguana Technologies 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, Eguana Technologies autocorrelation shows the relationship between Eguana Technologies otc stock current value and its past values and can show if there is a momentum factor associated with investing in Eguana Technologies.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Eguana OTC Stock
Eguana Technologies financial ratios help investors to determine whether Eguana OTC Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Eguana with respect to the benefits of owning Eguana Technologies security.