Ethernity Networks' market value is the price at which a share of Ethernity Networks trades on a public exchange. It measures the collective expectations of Ethernity Networks investors about its performance. Ethernity Networks is selling for under 0.11 as of the 18th of January 2025; that is 8.33 percent decrease since the beginning of the trading day. The stock's lowest day price was 0.11. With this module, you can estimate the performance of a buy and hold strategy of Ethernity Networks and determine expected loss or profit from investing in Ethernity Networks over a given investment horizon. Check out Ethernity Networks Correlation, Ethernity Networks Volatility and Ethernity Networks Alpha and Beta module to complement your research on Ethernity Networks.
Please note, there is a significant difference between Ethernity Networks' value and its price as these two are different measures arrived at by different means. Investors typically determine if Ethernity Networks is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ethernity Networks' 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.
Ethernity Networks '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 Ethernity Networks' 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 Ethernity Networks.
0.00
12/19/2024
No Change 0.00
0.0
In 31 days
01/18/2025
0.00
If you would invest 0.00 in Ethernity Networks on December 19, 2024 and sell it all today you would earn a total of 0.00 from holding Ethernity Networks or generate 0.0% return on investment in Ethernity Networks over 30 days. Ethernity Networks is related to or competes with Berkshire Hathaway, Samsung Electronics, Samsung Electronics, Chocoladefabriken, OTP Bank, Halyk Bank, and SoftBank Group. Ethernity Networks is entity of United Kingdom More
Ethernity Networks 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 Ethernity Networks' 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 Ethernity Networks upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ethernity Networks' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ethernity Networks' standard deviation. In reality, there are many statistical measures that can use Ethernity Networks historical prices to predict the future Ethernity Networks' volatility.
Ethernity Networks secures Sharpe Ratio (or Efficiency) of -0.0832, which denotes the company had a -0.0832% return per unit of risk over the last 3 months. Ethernity Networks exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Ethernity Networks' Mean Deviation of 5.19, variance of 69.27, and Standard Deviation of 8.32 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.61, which means possible diversification benefits within a given portfolio. As returns on the market increase, Ethernity Networks' returns are expected to increase less than the market. However, during the bear market, the loss of holding Ethernity Networks is expected to be smaller as well. At this point, Ethernity Networks has a negative expected return of -0.61%. Please make sure to confirm Ethernity Networks' standard deviation, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if Ethernity Networks performance from the past will be repeated at some point in the near future.
Auto-correlation
0.47
Average predictability
Ethernity Networks has average predictability. Overlapping area represents the amount of predictability between Ethernity Networks time series from 19th of December 2024 to 3rd of January 2025 and 3rd of January 2025 to 18th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Ethernity Networks price movement. The serial correlation of 0.47 indicates that about 47.0% of current Ethernity Networks price fluctuation can be explain by its past prices.
Correlation Coefficient
0.47
Spearman Rank Test
0.1
Residual Average
0.0
Price Variance
0.0
Ethernity Networks lagged returns against current returns
Autocorrelation, which is Ethernity Networks 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 Ethernity Networks' stock expected returns. We can calculate the autocorrelation of Ethernity Networks returns to help us make a trade decision. For example, suppose you find that Ethernity Networks 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
Ethernity Networks 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 Ethernity Networks stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ethernity Networks stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ethernity Networks stock over time.
Current vs Lagged Prices
Timeline
Ethernity Networks Lagged Returns
When evaluating Ethernity Networks' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ethernity Networks stock have on its future price. Ethernity Networks 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, Ethernity Networks autocorrelation shows the relationship between Ethernity Networks stock current value and its past values and can show if there is a momentum factor associated with investing in Ethernity Networks.
Regressed Prices
Timeline
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
When running Ethernity Networks' price analysis, check to measure Ethernity Networks' 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 Ethernity Networks is operating at the current time. Most of Ethernity Networks' value examination focuses on studying past and present price action to predict the probability of Ethernity Networks' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ethernity Networks' price. Additionally, you may evaluate how the addition of Ethernity Networks to your portfolios can decrease your overall portfolio volatility.