Electroprecizia (Romania) Market Value
| ELZY Stock | 14.00 0.20 1.45% |
| Symbol | Electroprecizia |
Please note, there is a significant difference between Electroprecizia's value and its price as these two are different measures arrived at by different means. Investors typically determine if Electroprecizia is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Electroprecizia's 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.
Electroprecizia '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 Electroprecizia'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 Electroprecizia.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Electroprecizia on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Electroprecizia SA or generate 0.0% return on investment in Electroprecizia over 30 days. More
Electroprecizia 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 Electroprecizia'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 Electroprecizia SA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.49 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 11.0 | |||
| Value At Risk | (2.00) | |||
| Potential Upside | 2.04 |
Electroprecizia Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Electroprecizia's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Electroprecizia's standard deviation. In reality, there are many statistical measures that can use Electroprecizia historical prices to predict the future Electroprecizia's volatility.| Risk Adjusted Performance | 0.0128 | |||
| Jensen Alpha | 0.0571 | |||
| Total Risk Alpha | (0.24) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | (0.01) |
Electroprecizia SA Backtested Returns
As of now, Electroprecizia Stock is not too volatile. Electroprecizia SA secures Sharpe Ratio (or Efficiency) of 0.0209, which denotes the company had a 0.0209% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Electroprecizia SA, which you can use to evaluate the volatility of the firm. Please confirm Electroprecizia's Coefficient Of Variation of 11044.07, mean deviation of 0.6694, and Downside Deviation of 4.49 to check if the risk estimate we provide is consistent with the expected return of 0.0394%. Electroprecizia has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.51, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Electroprecizia are expected to decrease at a much lower rate. During the bear market, Electroprecizia is likely to outperform the market. Electroprecizia SA right now shows a risk of 1.88%. Please confirm Electroprecizia SA downside deviation, total risk alpha, value at risk, as well as the relationship between the information ratio and treynor ratio , to decide if Electroprecizia SA will be following its price patterns.
Auto-correlation | -0.11 |
Insignificant reverse predictability
Electroprecizia SA has insignificant reverse predictability. Overlapping area represents the amount of predictability between Electroprecizia time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 Electroprecizia SA price movement. The serial correlation of -0.11 indicates that less than 11.0% of current Electroprecizia price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.11 | |
| Spearman Rank Test | -0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 0.11 |
Electroprecizia SA lagged returns against current returns
Autocorrelation, which is Electroprecizia 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 Electroprecizia's stock expected returns. We can calculate the autocorrelation of Electroprecizia returns to help us make a trade decision. For example, suppose you find that Electroprecizia 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 |
Electroprecizia 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 Electroprecizia stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Electroprecizia stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Electroprecizia stock over time.
Current vs Lagged Prices |
| Timeline |
Electroprecizia Lagged Returns
When evaluating Electroprecizia's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Electroprecizia stock have on its future price. Electroprecizia 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, Electroprecizia autocorrelation shows the relationship between Electroprecizia stock current value and its past values and can show if there is a momentum factor associated with investing in Electroprecizia SA.
Regressed Prices |
| Timeline |
Pair Trading with Electroprecizia
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 Electroprecizia 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 Electroprecizia will appreciate offsetting losses from the drop in the long position's value.Moving against Electroprecizia Stock
The ability to find closely correlated positions to Electroprecizia could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Electroprecizia 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 Electroprecizia - 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 Electroprecizia SA to buy it.
The correlation of Electroprecizia 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 Electroprecizia moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Electroprecizia SA 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 Electroprecizia 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 Electroprecizia Stock
Electroprecizia financial ratios help investors to determine whether Electroprecizia 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 Electroprecizia with respect to the benefits of owning Electroprecizia security.