Equitech International Stock Market Value
| EQTL Stock | USD 0.60 0.07 13.21% |
| Symbol | Equitech |
Equitech International '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 Equitech International'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 Equitech International.
| 02/09/2023 |
| 11/30/2024 |
If you would invest 0.00 in Equitech International on February 9, 2023 and sell it all today you would earn a total of 0.00 from holding Equitech International or generate 0.0% return on investment in Equitech International over 660 days. Equitech International is related to or competes with Keyence, Garmin, Keysight Technologies, Fortive Corp, Teledyne Technologies, Trimble, and Coherent. Equitech International Corporation is a developer of next generation fiber optic probes, analytical instruments, and ele... More
Equitech International 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 Equitech International'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 Equitech International upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0028 | |||
| Maximum Drawdown | 37.6 | |||
| Potential Upside | 3.23 |
Equitech International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Equitech International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Equitech International's standard deviation. In reality, there are many statistical measures that can use Equitech International historical prices to predict the future Equitech International's volatility.| Risk Adjusted Performance | 0.0278 | |||
| Jensen Alpha | 0.0076 | |||
| Total Risk Alpha | (0.90) | |||
| Treynor Ratio | 0.1347 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Equitech International's 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.
Equitech International Backtested Returns
As of now, Equitech Pink Sheet is out of control. Equitech International secures Sharpe Ratio (or Efficiency) of 0.0252, which denotes the company had a 0.0252% return per unit of risk over the last 3 months. We have found twenty-three technical indicators for Equitech International, which you can use to evaluate the volatility of the firm. Please confirm Equitech International's Mean Deviation of 1.61, variance of 38.87, and Standard Deviation of 6.23 to check if the risk estimate we provide is consistent with the expected return of 0.16%. Equitech International has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 1.08, which means a somewhat significant risk relative to the market. Equitech International returns are very sensitive to returns on the market. As the market goes up or down, Equitech International is expected to follow. Equitech International right now shows a risk of 6.33%. Please confirm Equitech International maximum drawdown, daily balance of power, as well as the relationship between the Daily Balance Of Power and price action indicator , to decide if Equitech International will be following its price patterns.
Auto-correlation | 0.94 |
Excellent predictability
Equitech International has excellent predictability. Overlapping area represents the amount of predictability between Equitech International time series from 9th of February 2023 to 5th of January 2024 and 5th of January 2024 to 30th 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 Equitech International price movement. The serial correlation of 0.94 indicates that approximately 94.0% of current Equitech International price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.94 | |
| Spearman Rank Test | 0.79 | |
| Residual Average | 0.0 | |
| Price Variance | 0.14 |
Equitech International lagged returns against current returns
Autocorrelation, which is Equitech International 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 Equitech International's pink sheet expected returns. We can calculate the autocorrelation of Equitech International returns to help us make a trade decision. For example, suppose you find that Equitech International 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 |
Equitech International 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 Equitech International pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Equitech International pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Equitech International pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Equitech International Lagged Returns
When evaluating Equitech International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Equitech International pink sheet have on its future price. Equitech International 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, Equitech International autocorrelation shows the relationship between Equitech International pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Equitech International.
Regressed Prices |
| Timeline |
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Equitech International financial ratios help investors to determine whether Equitech 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 Equitech with respect to the benefits of owning Equitech International security.