Eisai Co Stock Market Value
| ESAIY Stock | 7.51 0.06 0.81% |
| Symbol | Eisai |
Eisai '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 Eisai'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 Eisai.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Eisai on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Eisai Co or generate 0.0% return on investment in Eisai over 30 days. Eisai is related to or competes with JBG SMITH, Live Ventures, Haverty Furniture, United Homes, and Finnair Oyj. More
Eisai 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 Eisai'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 Eisai Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.35) | |||
| Maximum Drawdown | 10.69 | |||
| Value At Risk | (3.36) | |||
| Potential Upside | 2.04 |
Eisai Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Eisai's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Eisai's standard deviation. In reality, there are many statistical measures that can use Eisai historical prices to predict the future Eisai's volatility.| Risk Adjusted Performance | (0.21) | |||
| Jensen Alpha | (0.56) | |||
| Total Risk Alpha | (0.80) | |||
| Treynor Ratio | (1.31) |
Eisai Backtested Returns
Eisai secures Sharpe Ratio (or Efficiency) of -0.28, which denotes the company had a -0.28% return per unit of risk over the last 3 months. Eisai Co exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Eisai's Standard Deviation of 1.8, mean deviation of 1.33, and Variance of 3.22 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.39, which means possible diversification benefits within a given portfolio. As returns on the market increase, Eisai's returns are expected to increase less than the market. However, during the bear market, the loss of holding Eisai is expected to be smaller as well. At this point, Eisai has a negative expected return of -0.5%. Please make sure to confirm Eisai's treynor ratio, accumulation distribution, as well as the relationship between the Accumulation Distribution and price action indicator , to decide if Eisai performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.78 |
Good predictability
Eisai Co has good predictability. Overlapping area represents the amount of predictability between Eisai time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 Eisai price movement. The serial correlation of 0.78 indicates that around 78.0% of current Eisai price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.78 | |
| Spearman Rank Test | 0.88 | |
| Residual Average | 0.0 | |
| Price Variance | 0.13 |
Eisai lagged returns against current returns
Autocorrelation, which is Eisai 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 Eisai's pink sheet expected returns. We can calculate the autocorrelation of Eisai returns to help us make a trade decision. For example, suppose you find that Eisai 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 |
Eisai 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 Eisai pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Eisai pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Eisai pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Eisai Lagged Returns
When evaluating Eisai's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Eisai pink sheet have on its future price. Eisai 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, Eisai autocorrelation shows the relationship between Eisai pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Eisai Co.
Regressed Prices |
| Timeline |
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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.Additional Tools for Eisai Pink Sheet Analysis
When running Eisai's price analysis, check to measure Eisai's 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 Eisai is operating at the current time. Most of Eisai's value examination focuses on studying past and present price action to predict the probability of Eisai's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Eisai's price. Additionally, you may evaluate how the addition of Eisai to your portfolios can decrease your overall portfolio volatility.