EVE Health (Australia) Market Value

Symbol

EVE

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 EVE Health'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 EVE Health.

EVE Health Upside/Downside Indicators

EVE Health Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for EVE Health's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as EVE Health's standard deviation. In reality, there are many statistical measures that can use EVE Health historical prices to predict the future EVE Health's volatility.

Autocorrelation, which is EVE Health 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 EVE Health's stock expected returns. We can calculate the autocorrelation of EVE Health returns to help us make a trade decision. For example, suppose you find that EVE Health 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.

Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If EVE Health stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if EVE Health stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in EVE Health stock over time.

When evaluating EVE Health's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of EVE Health stock have on its future price. EVE Health 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, EVE Health autocorrelation shows the relationship between EVE Health stock current value and its past values and can show if there is a momentum factor associated with investing in EVE Health Group.

When running EVE Health's price analysis, check to measure EVE Health'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 EVE Health is operating at the current time. Most of EVE Health's value examination focuses on studying past and present price action to predict the probability of EVE Health's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move EVE Health's price. Additionally, you may evaluate how the addition of EVE Health to your portfolios can decrease your overall portfolio volatility.