ECOBANK TRANSNATIONAL (Nigeria) Market Value
| ETI Stock | 34.70 0.00 0.00% |
| Symbol | ECOBANK |
ECOBANK TRANSNATIONAL '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 ECOBANK TRANSNATIONAL's stock 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 ECOBANK TRANSNATIONAL.
| 01/28/2025 |
| 02/27/2025 |
If you would invest 0.00 in ECOBANK TRANSNATIONAL on January 28, 2025 and sell it all today you would earn a total of 0.00 from holding ECOBANK TRANSNATIONAL INCORPORATED or generate 0.0% return on investment in ECOBANK TRANSNATIONAL over 30 days.
ECOBANK TRANSNATIONAL 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 ECOBANK TRANSNATIONAL's stock 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 ECOBANK TRANSNATIONAL INCORPORATED upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.2822 | |||
| Maximum Drawdown | 8.57 | |||
| Potential Upside | 3.7 |
ECOBANK TRANSNATIONAL Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ECOBANK TRANSNATIONAL's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ECOBANK TRANSNATIONAL's standard deviation. In reality, there are many statistical measures that can use ECOBANK TRANSNATIONAL historical prices to predict the future ECOBANK TRANSNATIONAL's volatility.| Risk Adjusted Performance | 0.2148 | |||
| Jensen Alpha | 0.4695 | |||
| Total Risk Alpha | 0.4862 | |||
| Treynor Ratio | (1.63) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of ECOBANK TRANSNATIONAL'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.
ECOBANK TRANSNATIONAL Backtested Returns
ECOBANK TRANSNATIONAL appears to be very steady, given 3 months investment horizon. ECOBANK TRANSNATIONAL secures Sharpe Ratio (or Efficiency) of 0.3, which denotes the company had a 0.3 % return per unit of risk over the last 3 months. By analyzing ECOBANK TRANSNATIONAL's technical indicators, you can evaluate if the expected return of 0.52% is justified by implied risk. Please utilize ECOBANK TRANSNATIONAL's Coefficient Of Variation of 351.78, standard deviation of 1.69, and Mean Deviation of 0.8664 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, ECOBANK TRANSNATIONAL holds a performance score of 23. The firm shows a Beta (market volatility) of -0.29, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning ECOBANK TRANSNATIONAL are expected to decrease at a much lower rate. During the bear market, ECOBANK TRANSNATIONAL is likely to outperform the market. Please check ECOBANK TRANSNATIONAL's variance, potential upside, as well as the relationship between the Potential Upside and day median price , to make a quick decision on whether ECOBANK TRANSNATIONAL's price patterns will revert.
Auto-correlation | 0.25 |
Poor predictability
ECOBANK TRANSNATIONAL INCORPORATED has poor predictability. Overlapping area represents the amount of predictability between ECOBANK TRANSNATIONAL time series from 28th of January 2025 to 12th of February 2025 and 12th of February 2025 to 27th 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 ECOBANK TRANSNATIONAL price movement. The serial correlation of 0.25 indicates that over 25.0% of current ECOBANK TRANSNATIONAL price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.25 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.6 |
ECOBANK TRANSNATIONAL lagged returns against current returns
Autocorrelation, which is ECOBANK TRANSNATIONAL stock'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 ECOBANK TRANSNATIONAL's stock expected returns. We can calculate the autocorrelation of ECOBANK TRANSNATIONAL returns to help us make a trade decision. For example, suppose you find that ECOBANK TRANSNATIONAL has exhibited high autocorrelation historically, and you observe that the stock 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 |
ECOBANK TRANSNATIONAL 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 ECOBANK TRANSNATIONAL stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ECOBANK TRANSNATIONAL stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ECOBANK TRANSNATIONAL stock over time.
Current vs Lagged Prices |
| Timeline |
ECOBANK TRANSNATIONAL Lagged Returns
When evaluating ECOBANK TRANSNATIONAL's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ECOBANK TRANSNATIONAL stock have on its future price. ECOBANK TRANSNATIONAL 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, ECOBANK TRANSNATIONAL autocorrelation shows the relationship between ECOBANK TRANSNATIONAL stock current value and its past values and can show if there is a momentum factor associated with investing in ECOBANK TRANSNATIONAL INCORPORATED.
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 ECOBANK Stock Analysis
When running ECOBANK TRANSNATIONAL's price analysis, check to measure ECOBANK TRANSNATIONAL'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 ECOBANK TRANSNATIONAL is operating at the current time. Most of ECOBANK TRANSNATIONAL's value examination focuses on studying past and present price action to predict the probability of ECOBANK TRANSNATIONAL's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ECOBANK TRANSNATIONAL's price. Additionally, you may evaluate how the addition of ECOBANK TRANSNATIONAL to your portfolios can decrease your overall portfolio volatility.