Eureka Acquisition Corp Stock Market Value
| EURKU Stock | 10.29 0.00 0.00% |
| Symbol | Eureka |
Eureka Acquisition Corp Company Valuation
Is Trading space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Eureka Acquisition. If investors know Eureka will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Eureka Acquisition listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Eureka Acquisition Corp is measured differently than its book value, which is the value of Eureka that is recorded on the company's balance sheet. Investors also form their own opinion of Eureka Acquisition's value that differs from its market value or its book value, called intrinsic value, which is Eureka Acquisition's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Eureka Acquisition's market value can be influenced by many factors that don't directly affect Eureka Acquisition's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Eureka Acquisition's value and its price as these two are different measures arrived at by different means. Investors typically determine if Eureka Acquisition is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Eureka Acquisition's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Eureka Acquisition '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 Eureka Acquisition'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 Eureka Acquisition.
| 09/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Eureka Acquisition on September 29, 2024 and sell it all today you would earn a total of 0.00 from holding Eureka Acquisition Corp or generate 0.0% return on investment in Eureka Acquisition over 60 days. Eureka Acquisition is related to or competes with Voyager Acquisition, YHN Acquisition, YHN Acquisition, CO2 Energy, Vine Hill, DP Cap, and DT Cloud. Eureka Acquisition is entity of United States More
Eureka Acquisition 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 Eureka Acquisition'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 Eureka Acquisition Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.91 | |||
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 8.24 | |||
| Value At Risk | (0.1) | |||
| Potential Upside | 0.2944 |
Eureka Acquisition Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Eureka Acquisition's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Eureka Acquisition's standard deviation. In reality, there are many statistical measures that can use Eureka Acquisition historical prices to predict the future Eureka Acquisition's volatility.| Risk Adjusted Performance | 0.0162 | |||
| Jensen Alpha | 0.0028 | |||
| Total Risk Alpha | (0.11) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | 0.2118 |
Eureka Acquisition Corp Backtested Returns
Currently, Eureka Acquisition Corp is very steady. Eureka Acquisition Corp secures Sharpe Ratio (or Efficiency) of 0.0235, which denotes the company had a 0.0235% return per unit of risk over the last 3 months. We have found twenty-four technical indicators for Eureka Acquisition Corp, which you can use to evaluate the volatility of the firm. Please confirm Eureka Acquisition's Mean Deviation of 0.2129, downside deviation of 1.91, and Coefficient Of Variation of 4754.46 to check if the risk estimate we provide is consistent with the expected return of 0.0186%. Eureka Acquisition has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.0295, which means not very significant fluctuations relative to the market. As returns on the market increase, Eureka Acquisition's returns are expected to increase less than the market. However, during the bear market, the loss of holding Eureka Acquisition is expected to be smaller as well. Eureka Acquisition Corp right now shows a risk of 0.79%. Please confirm Eureka Acquisition Corp information ratio, value at risk, as well as the relationship between the Value At Risk and kurtosis , to decide if Eureka Acquisition Corp will be following its price patterns.
Auto-correlation | -0.59 |
Good reverse predictability
Eureka Acquisition Corp has good reverse predictability. Overlapping area represents the amount of predictability between Eureka Acquisition time series from 29th of September 2024 to 29th of October 2024 and 29th of October 2024 to 28th 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 Eureka Acquisition Corp price movement. The serial correlation of -0.59 indicates that roughly 59.0% of current Eureka Acquisition price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.59 | |
| Spearman Rank Test | -0.53 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Eureka Acquisition Corp lagged returns against current returns
Autocorrelation, which is Eureka Acquisition 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 Eureka Acquisition's stock expected returns. We can calculate the autocorrelation of Eureka Acquisition returns to help us make a trade decision. For example, suppose you find that Eureka Acquisition 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 |
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Eureka Acquisition 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 Eureka Acquisition stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Eureka Acquisition stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Eureka Acquisition stock over time.
Current vs Lagged Prices |
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Eureka Acquisition Lagged Returns
When evaluating Eureka Acquisition's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Eureka Acquisition stock have on its future price. Eureka Acquisition 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, Eureka Acquisition autocorrelation shows the relationship between Eureka Acquisition stock current value and its past values and can show if there is a momentum factor associated with investing in Eureka Acquisition Corp.
Regressed Prices |
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Thematic Opportunities
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Additional Tools for Eureka Stock Analysis
When running Eureka Acquisition's price analysis, check to measure Eureka Acquisition'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 Eureka Acquisition is operating at the current time. Most of Eureka Acquisition's value examination focuses on studying past and present price action to predict the probability of Eureka Acquisition's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Eureka Acquisition's price. Additionally, you may evaluate how the addition of Eureka Acquisition to your portfolios can decrease your overall portfolio volatility.