Environmental Solutions Worldwide Stock Market Value
| ESWW Stock | USD 0.0006 0.00 0.00% |
| Symbol | Environmental |
Environmental Solutions '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 Environmental Solutions' 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 Environmental Solutions.
| 12/12/2022 |
| 12/01/2024 |
If you would invest 0.00 in Environmental Solutions on December 12, 2022 and sell it all today you would earn a total of 0.00 from holding Environmental Solutions Worldwide or generate 0.0% return on investment in Environmental Solutions over 720 days. Environmental Solutions is related to or competes with Luminar Technologies, Innoviz Technologies, Quantumscape Corp, Aeva Technologies, Hesai Group, BorgWarner, and American Axle. Environmental Solutions Worldwide, Inc., through its subsidiaries, designs, develops, manufactures, and sells diesel emi... More
Environmental Solutions 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 Environmental Solutions' 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 Environmental Solutions Worldwide upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0672 | |||
| Maximum Drawdown | 20.0 |
Environmental Solutions Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Environmental Solutions' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Environmental Solutions' standard deviation. In reality, there are many statistical measures that can use Environmental Solutions historical prices to predict the future Environmental Solutions' volatility.| Risk Adjusted Performance | 0.101 | |||
| Jensen Alpha | 0.296 | |||
| Total Risk Alpha | (0.12) | |||
| Treynor Ratio | (12.47) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Environmental Solutions' 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.
Environmental Solutions Backtested Returns
Environmental Solutions appears to be out of control, given 3 months investment horizon. Environmental Solutions secures Sharpe Ratio (or Efficiency) of 0.12, which denotes the company had a 0.12% return per unit of risk over the last 3 months. We have found sixteen technical indicators for Environmental Solutions Worldwide, which you can use to evaluate the volatility of the firm. Please utilize Environmental Solutions' Standard Deviation of 2.46, variance of 6.06, and Mean Deviation of 0.5969 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Environmental Solutions holds a performance score of 9. The firm shows a Beta (market volatility) of -0.0235, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Environmental Solutions are expected to decrease at a much lower rate. During the bear market, Environmental Solutions is likely to outperform the market. Please check Environmental Solutions' risk adjusted performance, information ratio, as well as the relationship between the Information Ratio and day median price , to make a quick decision on whether Environmental Solutions' price patterns will revert.
Auto-correlation | 0.14 |
Insignificant predictability
Environmental Solutions Worldwide has insignificant predictability. Overlapping area represents the amount of predictability between Environmental Solutions time series from 12th of December 2022 to 7th of December 2023 and 7th of December 2023 to 1st of December 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 Environmental Solutions price movement. The serial correlation of 0.14 indicates that less than 14.0% of current Environmental Solutions price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.14 | |
| Spearman Rank Test | 0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Environmental Solutions lagged returns against current returns
Autocorrelation, which is Environmental Solutions 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 Environmental Solutions' pink sheet expected returns. We can calculate the autocorrelation of Environmental Solutions returns to help us make a trade decision. For example, suppose you find that Environmental Solutions 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 |
Environmental Solutions 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 Environmental Solutions pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Environmental Solutions pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Environmental Solutions pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Environmental Solutions Lagged Returns
When evaluating Environmental Solutions' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Environmental Solutions pink sheet have on its future price. Environmental Solutions 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, Environmental Solutions autocorrelation shows the relationship between Environmental Solutions pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Environmental Solutions Worldwide.
Regressed Prices |
| Timeline |
Also Currently Popular
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 Environmental Pink Sheet Analysis
When running Environmental Solutions' price analysis, check to measure Environmental Solutions' 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 Environmental Solutions is operating at the current time. Most of Environmental Solutions' value examination focuses on studying past and present price action to predict the probability of Environmental Solutions' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Environmental Solutions' price. Additionally, you may evaluate how the addition of Environmental Solutions to your portfolios can decrease your overall portfolio volatility.