Energy Technologies (Australia) Market Value
| EGY Stock | 0.03 0.00 0.00% |
| Symbol | Energy |
Energy 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 Energy Technologies' 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 Energy Technologies.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Energy Technologies on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Energy Technologies Limited or generate 0.0% return on investment in Energy Technologies over 30 days. Energy Technologies is related to or competes with Treasury Wine, Global Health, Healthco Healthcare, EMvision Medical, Lendlease, and Regis Healthcare. Energy Technologies is entity of Australia More
Energy 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 Energy Technologies' 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 Energy Technologies Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 24.36 | |||
| Potential Upside | 2.86 |
Energy Technologies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Energy Technologies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Energy Technologies' standard deviation. In reality, there are many statistical measures that can use Energy Technologies historical prices to predict the future Energy Technologies' volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.21) | |||
| Total Risk Alpha | (0.56) | |||
| Treynor Ratio | (0.42) |
Energy Technologies Backtested Returns
Energy Technologies secures Sharpe Ratio (or Efficiency) of -0.0776, which denotes the company had a -0.0776% return per unit of risk over the last 3 months. Energy Technologies Limited exposes eighteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Energy Technologies' Standard Deviation of 2.55, variance of 6.49, and Mean Deviation of 0.7921 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.38, which means possible diversification benefits within a given portfolio. As returns on the market increase, Energy Technologies' returns are expected to increase less than the market. However, during the bear market, the loss of holding Energy Technologies is expected to be smaller as well. At this point, Energy Technologies has a negative expected return of -0.2%. Please make sure to confirm Energy Technologies' coefficient of variation, variance, jensen alpha, as well as the relationship between the standard deviation and information ratio , to decide if Energy Technologies performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.00 |
No correlation between past and present
Energy Technologies Limited has no correlation between past and present. Overlapping area represents the amount of predictability between Energy Technologies time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 Energy Technologies price movement. The serial correlation of 0.0 indicates that just 0.0% of current Energy Technologies price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Energy Technologies lagged returns against current returns
Autocorrelation, which is Energy Technologies 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 Energy Technologies' stock expected returns. We can calculate the autocorrelation of Energy Technologies returns to help us make a trade decision. For example, suppose you find that Energy Technologies 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 |
Energy 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 Energy Technologies stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Energy Technologies stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Energy Technologies stock over time.
Current vs Lagged Prices |
| Timeline |
Energy Technologies Lagged Returns
When evaluating Energy Technologies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Energy Technologies stock have on its future price. Energy 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, Energy Technologies autocorrelation shows the relationship between Energy Technologies stock current value and its past values and can show if there is a momentum factor associated with investing in Energy Technologies Limited.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Additional Tools for Energy Stock Analysis
When running Energy Technologies' price analysis, check to measure Energy Technologies' 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 Energy Technologies is operating at the current time. Most of Energy Technologies' value examination focuses on studying past and present price action to predict the probability of Energy Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Energy Technologies' price. Additionally, you may evaluate how the addition of Energy Technologies to your portfolios can decrease your overall portfolio volatility.