Emera Incorporated Stock Market Value
| EMRAF Stock | USD 37.08 0.55 1.46% |
| Symbol | Emera |
Emera Incorporated '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 Emera Incorporated'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 Emera Incorporated.
| 12/08/2022 |
| 11/27/2024 |
If you would invest 0.00 in Emera Incorporated on December 8, 2022 and sell it all today you would earn a total of 0.00 from holding Emera Incorporated or generate 0.0% return on investment in Emera Incorporated over 720 days. Emera Incorporated is related to or competes with CMS Energy, Ameren Corp, Pinnacle West, MGE Energy, Evergy,, Southern, and Edison International. Emera Incorporated, an energy and services company, through its subsidiaries, engages in the generation, transmission, a... More
Emera Incorporated 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 Emera Incorporated'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 Emera Incorporated upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.01 | |||
| Information Ratio | 2.0E-4 | |||
| Maximum Drawdown | 28.22 | |||
| Value At Risk | (2.25) | |||
| Potential Upside | 2.09 |
Emera Incorporated Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Emera Incorporated's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Emera Incorporated's standard deviation. In reality, there are many statistical measures that can use Emera Incorporated historical prices to predict the future Emera Incorporated's volatility.| Risk Adjusted Performance | 0.0336 | |||
| Jensen Alpha | 0.0875 | |||
| Total Risk Alpha | (0.48) | |||
| Sortino Ratio | 2.0E-4 | |||
| Treynor Ratio | 0.4425 |
Emera Incorporated Backtested Returns
At this point, Emera Incorporated is not too volatile. Emera Incorporated secures Sharpe Ratio (or Efficiency) of 0.0265, which denotes the company had a 0.0265% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Emera Incorporated, which you can use to evaluate the volatility of the firm. Please confirm Emera Incorporated's Coefficient Of Variation of 2988.83, mean deviation of 1.52, and Downside Deviation of 4.01 to check if the risk estimate we provide is consistent with the expected return of 0.11%. Emera Incorporated has a performance score of 2 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.27, which means not very significant fluctuations relative to the market. As returns on the market increase, Emera Incorporated's returns are expected to increase less than the market. However, during the bear market, the loss of holding Emera Incorporated is expected to be smaller as well. Emera Incorporated right now shows a risk of 3.97%. Please confirm Emera Incorporated coefficient of variation, maximum drawdown, skewness, as well as the relationship between the total risk alpha and downside variance , to decide if Emera Incorporated will be following its price patterns.
Auto-correlation | -0.76 |
Almost perfect reverse predictability
Emera Incorporated has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Emera Incorporated time series from 8th of December 2022 to 3rd of December 2023 and 3rd of December 2023 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 Emera Incorporated price movement. The serial correlation of -0.76 indicates that around 76.0% of current Emera Incorporated price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.76 | |
| Spearman Rank Test | 0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 3.74 |
Emera Incorporated lagged returns against current returns
Autocorrelation, which is Emera Incorporated 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 Emera Incorporated's pink sheet expected returns. We can calculate the autocorrelation of Emera Incorporated returns to help us make a trade decision. For example, suppose you find that Emera Incorporated 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 |
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Emera Incorporated 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 Emera Incorporated pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Emera Incorporated pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Emera Incorporated pink sheet over time.
Current vs Lagged Prices |
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Emera Incorporated Lagged Returns
When evaluating Emera Incorporated's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Emera Incorporated pink sheet have on its future price. Emera Incorporated 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, Emera Incorporated autocorrelation shows the relationship between Emera Incorporated pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Emera Incorporated.
Regressed Prices |
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Currently Active Assets on Macroaxis
Other Information on Investing in Emera Pink Sheet
Emera Incorporated financial ratios help investors to determine whether Emera Pink Sheet 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 Emera with respect to the benefits of owning Emera Incorporated security.