EMan As (Czech Republic) Market Value
| EMAN Stock | CZK 63.00 4.50 6.67% |
| Symbol | EMan |
EMan As '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 EMan As' 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 EMan As.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in EMan As on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding eMan as or generate 0.0% return on investment in EMan As over 720 days. EMan As is related to or competes with Vienna Insurance, Erste Group, and UNIQA Insurance. eMan s.r.o. develops applications for smartphones, tablets, websites, cars, and other smart devices in the Czech Republi... More
EMan As 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 EMan As' 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 eMan as upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 19.35 | |||
| Value At Risk | (6.67) | |||
| Potential Upside | 6.67 |
EMan As Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for EMan As' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as EMan As' standard deviation. In reality, there are many statistical measures that can use EMan As historical prices to predict the future EMan As' volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.46) | |||
| Total Risk Alpha | (0.94) | |||
| Treynor Ratio | (0.38) |
eMan as Backtested Returns
eMan as secures Sharpe Ratio (or Efficiency) of -0.0565, which denotes the company had a -0.0565% return per unit of standard deviation over the last 3 months. eMan as exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm EMan As' Mean Deviation of 2.11, coefficient of variation of (1,065), and Risk Adjusted Performance of (0.06) to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.91, which means possible diversification benefits within a given portfolio. EMan As returns are very sensitive to returns on the market. As the market goes up or down, EMan As is expected to follow. At this point, eMan as has a negative expected return of -0.19%. Please make sure to confirm EMan As' coefficient of variation, variance, and the relationship between the mean deviation and standard deviation , to decide if eMan as performance from the past will be repeated at some future point.
Auto-correlation | 0.41 |
Average predictability
eMan as has average predictability. Overlapping area represents the amount of predictability between EMan As time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 to 2nd of December 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 eMan as price movement. The serial correlation of 0.41 indicates that just about 41.0% of current EMan As price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.41 | |
| Spearman Rank Test | 0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 37.46 |
eMan as lagged returns against current returns
Autocorrelation, which is EMan As 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 EMan As' stock expected returns. We can calculate the autocorrelation of EMan As returns to help us make a trade decision. For example, suppose you find that EMan As 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 |
EMan As 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 EMan As stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if EMan As stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in EMan As stock over time.
Current vs Lagged Prices |
| Timeline |
EMan As Lagged Returns
When evaluating EMan As' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of EMan As stock have on its future price. EMan As 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, EMan As autocorrelation shows the relationship between EMan As stock current value and its past values and can show if there is a momentum factor associated with investing in eMan as.
Regressed Prices |
| Timeline |
Pair Trading with EMan As
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 EMan As 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 EMan As will appreciate offsetting losses from the drop in the long position's value.Moving together with EMan Stock
Moving against EMan Stock
The ability to find closely correlated positions to EMan As could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace EMan As 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 EMan As - 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 eMan as to buy it.
The correlation of EMan As 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 EMan As moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if eMan as 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 EMan As 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.Additional Tools for EMan Stock Analysis
When running EMan As' price analysis, check to measure EMan As' 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 EMan As is operating at the current time. Most of EMan As' value examination focuses on studying past and present price action to predict the probability of EMan As' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move EMan As' price. Additionally, you may evaluate how the addition of EMan As to your portfolios can decrease your overall portfolio volatility.