Envy Technologies (Indonesia) Market Value
| ENVY Stock | 50.00 0.00 0.00% |
| Symbol | Envy |
Envy Technologies '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 Envy Technologies' 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 Envy Technologies.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Envy Technologies on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Envy Technologies Indonesia or generate 0.0% return on investment in Envy Technologies over 30 days. Envy Technologies is related to or competes with Multipolar Technology, Digital Mediatama, M Cash, NFC Indonesia, and Kioson Komersial. More
Envy Technologies 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 Envy Technologies' 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 Envy Technologies Indonesia upside and downside potential and time the market with a certain degree of confidence.
Envy Technologies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Envy Technologies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Envy Technologies' standard deviation. In reality, there are many statistical measures that can use Envy Technologies historical prices to predict the future Envy Technologies' volatility.Envy Technologies Backtested Returns
We have found three technical indicators for Envy Technologies Indonesia, 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 Envy Technologies are completely uncorrelated.
Auto-correlation | 0.00 |
No correlation between past and present
Envy Technologies Indonesia has no correlation between past and present. Overlapping area represents the amount of predictability between Envy Technologies time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 Envy Technologies price movement. The serial correlation of 0.0 indicates that just 0.0% of current Envy Technologies price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Envy Technologies lagged returns against current returns
Autocorrelation, which is Envy Technologies 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 Envy Technologies' stock expected returns. We can calculate the autocorrelation of Envy Technologies returns to help us make a trade decision. For example, suppose you find that Envy Technologies 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 |
Envy Technologies 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 Envy Technologies stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Envy Technologies stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Envy Technologies stock over time.
Current vs Lagged Prices |
| Timeline |
Envy Technologies Lagged Returns
When evaluating Envy Technologies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Envy Technologies stock have on its future price. Envy Technologies 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, Envy Technologies autocorrelation shows the relationship between Envy Technologies stock current value and its past values and can show if there is a momentum factor associated with investing in Envy Technologies Indonesia.
Regressed Prices |
| Timeline |
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Envy Technologies financial ratios help investors to determine whether Envy 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 Envy with respect to the benefits of owning Envy Technologies security.