Electroarges (Romania) Market Value
| ELGS Stock | 0.15 0.01 7.14% |
| Symbol | Electroarges |
Please note, there is a significant difference between Electroarges' value and its price as these two are different measures arrived at by different means. Investors typically determine if Electroarges is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Electroarges' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Electroarges '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 Electroarges' 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 Electroarges.
| 07/05/2023 |
| 11/26/2024 |
If you would invest 0.00 in Electroarges on July 5, 2023 and sell it all today you would earn a total of 0.00 from holding Electroarges S or generate 0.0% return on investment in Electroarges over 510 days. More
Electroarges 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 Electroarges' 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 Electroarges S upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 26.79 | |||
| Value At Risk | (6.25) | |||
| Potential Upside | 6.67 |
Electroarges Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Electroarges' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Electroarges' standard deviation. In reality, there are many statistical measures that can use Electroarges historical prices to predict the future Electroarges' volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | (0.71) | |||
| Treynor Ratio | (0.63) |
Electroarges S Backtested Returns
Electroarges S secures Sharpe Ratio (or Efficiency) of -0.0574, which denotes the company had a -0.0574% return per unit of risk over the last 3 months. Electroarges S exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Electroarges' Mean Deviation of 1.65, variance of 14.14, and Standard Deviation of 3.76 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.2, which means not very significant fluctuations relative to the market. As returns on the market increase, Electroarges' returns are expected to increase less than the market. However, during the bear market, the loss of holding Electroarges is expected to be smaller as well. At this point, Electroarges S has a negative expected return of -0.21%. Please make sure to confirm Electroarges' variance, jensen alpha, and the relationship between the standard deviation and information ratio , to decide if Electroarges S performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.71 |
Good predictability
Electroarges S has good predictability. Overlapping area represents the amount of predictability between Electroarges time series from 5th of July 2023 to 16th of March 2024 and 16th of March 2024 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 Electroarges S price movement. The serial correlation of 0.71 indicates that around 71.0% of current Electroarges price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.71 | |
| Spearman Rank Test | 0.44 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Electroarges S lagged returns against current returns
Autocorrelation, which is Electroarges 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 Electroarges' stock expected returns. We can calculate the autocorrelation of Electroarges returns to help us make a trade decision. For example, suppose you find that Electroarges 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 |
Electroarges 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 Electroarges stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Electroarges stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Electroarges stock over time.
Current vs Lagged Prices |
| Timeline |
Electroarges Lagged Returns
When evaluating Electroarges' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Electroarges stock have on its future price. Electroarges 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, Electroarges autocorrelation shows the relationship between Electroarges stock current value and its past values and can show if there is a momentum factor associated with investing in Electroarges S.
Regressed Prices |
| Timeline |
Pair Trading with Electroarges
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 Electroarges 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 Electroarges will appreciate offsetting losses from the drop in the long position's value.Moving together with Electroarges Stock
Moving against Electroarges Stock
The ability to find closely correlated positions to Electroarges could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Electroarges 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 Electroarges - 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 Electroarges S to buy it.
The correlation of Electroarges 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 Electroarges moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Electroarges S 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 Electroarges 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 Electroarges Stock
Electroarges financial ratios help investors to determine whether Electroarges 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 Electroarges with respect to the benefits of owning Electroarges security.