Eco Tek Group Stock Market Value
| ETEK Stock | USD 0.0002 0.0001 33.33% |
| Symbol | Eco |
Eco Tek '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 Eco Tek'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 Eco Tek.
| 09/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Eco Tek on September 28, 2024 and sell it all today you would earn a total of 0.00 from holding Eco Tek Group or generate 0.0% return on investment in Eco Tek over 60 days. Eco Tek is related to or competes with Bellatora. Eco-Tek Group, Inc. manufactures and distributes synthetic lubricants, filtration systems, and other products in North A... More
Eco Tek 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 Eco Tek'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 Eco Tek Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 40.48 | |||
| Information Ratio | 0.1348 | |||
| Maximum Drawdown | 150.0 | |||
| Value At Risk | (33.33) | |||
| Potential Upside | 50.0 |
Eco Tek Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Eco Tek's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Eco Tek's standard deviation. In reality, there are many statistical measures that can use Eco Tek historical prices to predict the future Eco Tek's volatility.| Risk Adjusted Performance | 0.1159 | |||
| Jensen Alpha | 4.95 | |||
| Total Risk Alpha | (0.62) | |||
| Sortino Ratio | 0.1079 | |||
| Treynor Ratio | (1.16) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Eco Tek'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.
Eco Tek Group Backtested Returns
Eco Tek is out of control given 3 months investment horizon. Eco Tek Group secures Sharpe Ratio (or Efficiency) of 0.14, which denotes the company had a 0.14% return per unit of risk over the last 3 months. We were able to analyze and collect data for thirty different technical indicators, which can help you to evaluate if expected returns of 4.5% are justified by taking the suggested risk. Use Eco Tek Downside Deviation of 40.48, mean deviation of 20.65, and Coefficient Of Variation of 720.59 to evaluate company specific risk that cannot be diversified away. Eco Tek holds a performance score of 10 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of -3.87, which means a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Eco Tek are expected to decrease by larger amounts. On the other hand, during market turmoil, Eco Tek is expected to outperform it. Use Eco Tek sortino ratio, skewness, price action indicator, as well as the relationship between the potential upside and rate of daily change , to analyze future returns on Eco Tek.
Auto-correlation | -0.46 |
Modest reverse predictability
Eco Tek Group has modest reverse predictability. Overlapping area represents the amount of predictability between Eco Tek time series from 28th of September 2024 to 28th of October 2024 and 28th of October 2024 to 27th 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 Eco Tek Group price movement. The serial correlation of -0.46 indicates that about 46.0% of current Eco Tek price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.46 | |
| Spearman Rank Test | -0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Eco Tek Group lagged returns against current returns
Autocorrelation, which is Eco Tek 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 Eco Tek's pink sheet expected returns. We can calculate the autocorrelation of Eco Tek returns to help us make a trade decision. For example, suppose you find that Eco Tek 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 |
Eco Tek 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 Eco Tek pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Eco Tek pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Eco Tek pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Eco Tek Lagged Returns
When evaluating Eco Tek's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Eco Tek pink sheet have on its future price. Eco Tek 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, Eco Tek autocorrelation shows the relationship between Eco Tek pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Eco Tek Group.
Regressed Prices |
| Timeline |
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Eco Tek financial ratios help investors to determine whether Eco 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 Eco with respect to the benefits of owning Eco Tek security.