Eisai Co Stock Market Value
ESAIY Stock | 7.39 0.11 1.47% |
Symbol | Eisai |
Eisai Co '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 Co'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 Co.
08/05/2024 |
| 02/01/2025 |
If you would invest 0.00 in Eisai Co on August 5, 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 Co over 180 days. Eisai Co is related to or competes with Universal Electronics, VOXX International, Sony Group, TCL Electronics, Sharp Corp, Sony Corp, and Apple. More
Eisai Co 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 Co'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 | (0.16) | |||
Maximum Drawdown | 10.69 | |||
Value At Risk | (2.61) | |||
Potential Upside | 1.98 |
Eisai Co Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Eisai Co's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Eisai Co's standard deviation. In reality, there are many statistical measures that can use Eisai Co historical prices to predict the future Eisai Co's volatility.Risk Adjusted Performance | (0.08) | |||
Jensen Alpha | (0.19) | |||
Total Risk Alpha | (0.36) | |||
Treynor Ratio | (0.95) |
Eisai Co Backtested Returns
Eisai Co secures Sharpe Ratio (or Efficiency) of -0.11, which denotes the company had a -0.11 % return per unit of risk over the last 3 months. Eisai Co exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Eisai Co's Standard Deviation of 1.69, variance of 2.86, and Mean Deviation of 1.26 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.18, which means not very significant fluctuations relative to the market. As returns on the market increase, Eisai Co's returns are expected to increase less than the market. However, during the bear market, the loss of holding Eisai Co is expected to be smaller as well. At this point, Eisai Co has a negative expected return of -0.19%. Please make sure to confirm Eisai Co's total risk alpha, accumulation distribution, as well as the relationship between the Accumulation Distribution and period momentum indicator , to decide if Eisai Co performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.08 |
Virtually no predictability
Eisai Co has virtually no predictability. Overlapping area represents the amount of predictability between Eisai Co time series from 5th of August 2024 to 3rd of November 2024 and 3rd of November 2024 to 1st of February 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 Eisai Co price movement. The serial correlation of 0.08 indicates that barely 8.0% of current Eisai Co price fluctuation can be explain by its past prices.
Correlation Coefficient | 0.08 | |
Spearman Rank Test | 0.43 | |
Residual Average | 0.0 | |
Price Variance | 0.27 |
Eisai Co lagged returns against current returns
Autocorrelation, which is Eisai Co 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 Co's pink sheet expected returns. We can calculate the autocorrelation of Eisai Co returns to help us make a trade decision. For example, suppose you find that Eisai Co 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 Co 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 Co pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Eisai Co 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 Co pink sheet over time.
Current vs Lagged Prices |
Timeline |
Eisai Co Lagged Returns
When evaluating Eisai Co's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Eisai Co pink sheet have on its future price. Eisai Co 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 Co autocorrelation shows the relationship between Eisai Co 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 Co's price analysis, check to measure Eisai Co'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 Co is operating at the current time. Most of Eisai Co's value examination focuses on studying past and present price action to predict the probability of Eisai Co'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 Co's price. Additionally, you may evaluate how the addition of Eisai Co to your portfolios can decrease your overall portfolio volatility.