Elcom Technology (Vietnam) Market Value
| ELC Stock | 25,450 250.00 0.99% |
| Symbol | Elcom |
Elcom Technology '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 Elcom Technology'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 Elcom Technology.
| 09/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Elcom Technology on September 28, 2024 and sell it all today you would earn a total of 0.00 from holding Elcom Technology Communications or generate 0.0% return on investment in Elcom Technology over 60 days. Elcom Technology is related to or competes with FIT INVEST, Damsan JSC, An Phat, Alphanam, APG Securities, Binhthuan Agriculture, and Mekong Fisheries. More
Elcom Technology 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 Elcom Technology'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 Elcom Technology Communications upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.63 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 7.38 | |||
| Value At Risk | (2.10) | |||
| Potential Upside | 2.48 |
Elcom Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Elcom Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Elcom Technology's standard deviation. In reality, there are many statistical measures that can use Elcom Technology historical prices to predict the future Elcom Technology's volatility.| Risk Adjusted Performance | 0.0278 | |||
| Jensen Alpha | 0.0129 | |||
| Total Risk Alpha | (0.19) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.1985 |
Elcom Technology Com Backtested Returns
As of now, Elcom Stock is very steady. Elcom Technology Com secures Sharpe Ratio (or Efficiency) of 0.091, which denotes the company had a 0.091% return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for Elcom Technology Communications, which you can use to evaluate the volatility of the firm. Please confirm Elcom Technology's Semi Deviation of 1.45, downside deviation of 1.63, and Mean Deviation of 1.07 to check if the risk estimate we provide is consistent with the expected return of 0.13%. Elcom Technology has a performance score of 7 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.17, which means not very significant fluctuations relative to the market. As returns on the market increase, Elcom Technology's returns are expected to increase less than the market. However, during the bear market, the loss of holding Elcom Technology is expected to be smaller as well. Elcom Technology Com right now shows a risk of 1.38%. Please confirm Elcom Technology Com treynor ratio, expected short fall, and the relationship between the jensen alpha and potential upside , to decide if Elcom Technology Com will be following its price patterns.
Auto-correlation | 0.18 |
Very weak predictability
Elcom Technology Communications has very weak predictability. Overlapping area represents the amount of predictability between Elcom Technology time series from 28th of September 2024 to 28th of October 2024 and 28th of October 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 Elcom Technology Com price movement. The serial correlation of 0.18 indicates that over 18.0% of current Elcom Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.18 | |
| Spearman Rank Test | -0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 691.8 K |
Elcom Technology Com lagged returns against current returns
Autocorrelation, which is Elcom Technology 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 Elcom Technology's stock expected returns. We can calculate the autocorrelation of Elcom Technology returns to help us make a trade decision. For example, suppose you find that Elcom Technology 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 |
Elcom Technology 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 Elcom Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Elcom Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Elcom Technology stock over time.
Current vs Lagged Prices |
| Timeline |
Elcom Technology Lagged Returns
When evaluating Elcom Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Elcom Technology stock have on its future price. Elcom Technology 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, Elcom Technology autocorrelation shows the relationship between Elcom Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Elcom Technology Communications.
Regressed Prices |
| Timeline |
Pair Trading with Elcom Technology
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Elcom Technology position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Elcom Technology will appreciate offsetting losses from the drop in the long position's value.Moving against Elcom Stock
| 0.69 | AAA | An Phat Plastic | PairCorr |
| 0.69 | AME | Alphanam ME | PairCorr |
| 0.6 | ADS | Damsan JSC | PairCorr |
| 0.5 | APG | APG Securities Joint | PairCorr |
| 0.49 | ABS | Binhthuan Agriculture | PairCorr |
The ability to find closely correlated positions to Elcom Technology could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Elcom Technology when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Elcom Technology - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Elcom Technology Communications to buy it.
The correlation of Elcom Technology is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Elcom Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Elcom Technology Com moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Elcom Technology can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Elcom Stock
Elcom Technology financial ratios help investors to determine whether Elcom 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 Elcom with respect to the benefits of owning Elcom Technology security.