Emeco Holdings Limited Stock Market Value
| EOHDF Stock | USD 0.49 0.00 0.00% |
| Symbol | Emeco |
Emeco Holdings '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 Emeco Holdings' 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 Emeco Holdings.
| 05/08/2023 |
| 11/28/2024 |
If you would invest 0.00 in Emeco Holdings on May 8, 2023 and sell it all today you would earn a total of 0.00 from holding Emeco Holdings Limited or generate 0.0% return on investment in Emeco Holdings over 570 days. Emeco Holdings is related to or competes with United Rentals, Ashtead Group, AerCap Holdings, Fortress Transp, U-Haul Holding, and U Haul. Emeco Holdings Limited provides heavy earthmoving equipment and mining service solutions in Australia More
Emeco Holdings 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 Emeco Holdings' 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 Emeco Holdings Limited upside and downside potential and time the market with a certain degree of confidence.
Emeco Holdings Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Emeco Holdings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Emeco Holdings' standard deviation. In reality, there are many statistical measures that can use Emeco Holdings historical prices to predict the future Emeco Holdings' volatility.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Emeco Holdings' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Emeco Holdings Backtested Returns
We have found three technical indicators for Emeco Holdings Limited, 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 Emeco Holdings are completely uncorrelated.
Auto-correlation | -0.32 |
Poor reverse predictability
Emeco Holdings Limited has poor reverse predictability. Overlapping area represents the amount of predictability between Emeco Holdings time series from 8th of May 2023 to 17th of February 2024 and 17th of February 2024 to 28th 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 Emeco Holdings price movement. The serial correlation of -0.32 indicates that nearly 32.0% of current Emeco Holdings price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.32 | |
| Spearman Rank Test | -0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Emeco Holdings lagged returns against current returns
Autocorrelation, which is Emeco Holdings 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 Emeco Holdings' pink sheet expected returns. We can calculate the autocorrelation of Emeco Holdings returns to help us make a trade decision. For example, suppose you find that Emeco Holdings 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 |
| Timeline |
Emeco Holdings 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 Emeco Holdings pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Emeco Holdings pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Emeco Holdings pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Emeco Holdings Lagged Returns
When evaluating Emeco Holdings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Emeco Holdings pink sheet have on its future price. Emeco Holdings 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, Emeco Holdings autocorrelation shows the relationship between Emeco Holdings pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Emeco Holdings Limited.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Emeco Pink Sheet
Emeco Holdings financial ratios help investors to determine whether Emeco 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 Emeco with respect to the benefits of owning Emeco Holdings security.