Electronic Systems Technology Stock Market Value
| ELST Stock | USD 0.20 0.01 4.76% |
| Symbol | Electronic |
Electronic Systems '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 Electronic Systems' pink sheet 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 Electronic Systems.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Electronic Systems on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Electronic Systems Technology or generate 0.0% return on investment in Electronic Systems over 30 days. Electronic Systems is related to or competes with BeWhere Holdings, Frequency Electronics, Sonim Technologies, Franklin Wireless, ADTRAN, Mynaric AG, and KVH Industries. Electronic Systems Technology, Inc., doing business as ESTeem Wireless Modems, designs, develops, manufactures, and mark... More
Electronic Systems 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 Electronic Systems' pink sheet 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 Electronic Systems Technology upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 35.05 | |||
| Value At Risk | (4.55) | |||
| Potential Upside | 4.76 |
Electronic Systems Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Electronic Systems' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Electronic Systems' standard deviation. In reality, there are many statistical measures that can use Electronic Systems historical prices to predict the future Electronic Systems' volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.23) | |||
| Total Risk Alpha | (0.83) | |||
| Treynor Ratio | (0.56) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Electronic Systems' 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.
Electronic Systems Backtested Returns
Electronic Systems secures Sharpe Ratio (or Efficiency) of -0.11, which denotes the company had a -0.11% return per unit of risk over the last 3 months. Electronic Systems Technology exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Electronic Systems' Standard Deviation of 4.18, mean deviation of 1.49, and Variance of 17.44 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.33, which means possible diversification benefits within a given portfolio. As returns on the market increase, Electronic Systems' returns are expected to increase less than the market. However, during the bear market, the loss of holding Electronic Systems is expected to be smaller as well. At this point, Electronic Systems has a negative expected return of -0.31%. Please make sure to confirm Electronic Systems' mean deviation, treynor ratio, as well as the relationship between the Treynor Ratio and daily balance of power , to decide if Electronic Systems performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.18 |
Very weak predictability
Electronic Systems Technology has very weak predictability. Overlapping area represents the amount of predictability between Electronic Systems 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 Electronic Systems price movement. The serial correlation of 0.18 indicates that over 18.0% of current Electronic Systems price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.18 | |
| Spearman Rank Test | -0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Electronic Systems lagged returns against current returns
Autocorrelation, which is Electronic Systems pink sheet'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 Electronic Systems' pink sheet expected returns. We can calculate the autocorrelation of Electronic Systems returns to help us make a trade decision. For example, suppose you find that Electronic Systems has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Electronic Systems 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 Electronic Systems pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Electronic Systems pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Electronic Systems pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Electronic Systems Lagged Returns
When evaluating Electronic Systems' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Electronic Systems pink sheet have on its future price. Electronic Systems 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, Electronic Systems autocorrelation shows the relationship between Electronic Systems pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Electronic Systems Technology.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Electronic Pink Sheet Analysis
When running Electronic Systems' price analysis, check to measure Electronic Systems' 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 Electronic Systems is operating at the current time. Most of Electronic Systems' value examination focuses on studying past and present price action to predict the probability of Electronic Systems' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Electronic Systems' price. Additionally, you may evaluate how the addition of Electronic Systems to your portfolios can decrease your overall portfolio volatility.