Elmos Semiconductor Se Stock Market Value
| ELTTF Stock | 89.23 0.00 0.00% |
| Symbol | Elmos |
Elmos Semiconductor '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 Elmos Semiconductor's 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 Elmos Semiconductor.
| 12/03/2023 |
| 11/27/2024 |
If you would invest 0.00 in Elmos Semiconductor on December 3, 2023 and sell it all today you would earn a total of 0.00 from holding Elmos Semiconductor SE or generate 0.0% return on investment in Elmos Semiconductor over 360 days.
Elmos Semiconductor 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 Elmos Semiconductor's 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 Elmos Semiconductor SE upside and downside potential and time the market with a certain degree of confidence.
Elmos Semiconductor Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Elmos Semiconductor's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Elmos Semiconductor's standard deviation. In reality, there are many statistical measures that can use Elmos Semiconductor historical prices to predict the future Elmos Semiconductor's volatility.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Elmos Semiconductor's 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.
Elmos Semiconductor Backtested Returns
We have found three technical indicators for Elmos Semiconductor SE, which you can use to evaluate the volatility of the firm. The firm shows a Beta (market volatility) of 0.0, which means not very significant fluctuations relative to the market. the returns on MARKET and Elmos Semiconductor are completely uncorrelated.
Auto-correlation | 0.00 |
No correlation between past and present
Elmos Semiconductor SE has no correlation between past and present. Overlapping area represents the amount of predictability between Elmos Semiconductor time series from 3rd of December 2023 to 31st of May 2024 and 31st of May 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 Elmos Semiconductor price movement. The serial correlation of 0.0 indicates that just 0.0% of current Elmos Semiconductor price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.89 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Elmos Semiconductor lagged returns against current returns
Autocorrelation, which is Elmos Semiconductor 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 Elmos Semiconductor's pink sheet expected returns. We can calculate the autocorrelation of Elmos Semiconductor returns to help us make a trade decision. For example, suppose you find that Elmos Semiconductor 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 |
Elmos Semiconductor 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 Elmos Semiconductor pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Elmos Semiconductor pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Elmos Semiconductor pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Elmos Semiconductor Lagged Returns
When evaluating Elmos Semiconductor's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Elmos Semiconductor pink sheet have on its future price. Elmos Semiconductor 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, Elmos Semiconductor autocorrelation shows the relationship between Elmos Semiconductor pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Elmos Semiconductor SE.
Regressed Prices |
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