Ever Gotesco (Philippines) Market Value
| EVER Stock | 0.24 0.01 4.00% |
| Symbol | Ever |
Ever Gotesco '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 Ever Gotesco'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 Ever Gotesco.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in Ever Gotesco on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding Ever Gotesco Resources or generate 0.0% return on investment in Ever Gotesco over 30 days. Ever Gotesco is related to or competes with Figaro Coffee, House Of, Cebu Air, Pacificonline Systems, National Reinsurance, and Philippine Savings. More
Ever Gotesco 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 Ever Gotesco'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 Ever Gotesco Resources upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 28.72 | |||
| Value At Risk | (3.85) | |||
| Potential Upside | 4.0 |
Ever Gotesco Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ever Gotesco's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ever Gotesco's standard deviation. In reality, there are many statistical measures that can use Ever Gotesco historical prices to predict the future Ever Gotesco's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.52) | |||
| Treynor Ratio | (0.12) |
Ever Gotesco Resources Backtested Returns
Ever Gotesco Resources secures Sharpe Ratio (or Efficiency) of -0.0277, which denotes the company had a -0.0277% return per unit of risk over the last 3 months. Ever Gotesco Resources exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Ever Gotesco's Variance of 9.62, standard deviation of 3.1, and Mean Deviation of 1.31 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.7, which means possible diversification benefits within a given portfolio. As returns on the market increase, Ever Gotesco's returns are expected to increase less than the market. However, during the bear market, the loss of holding Ever Gotesco is expected to be smaller as well. At this point, Ever Gotesco Resources has a negative expected return of -0.0851%. Please make sure to confirm Ever Gotesco's variance, jensen alpha, and the relationship between the standard deviation and information ratio , to decide if Ever Gotesco Resources performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.62 |
Very good reverse predictability
Ever Gotesco Resources has very good reverse predictability. Overlapping area represents the amount of predictability between Ever Gotesco time series from 12th of November 2024 to 27th of November 2024 and 27th of November 2024 to 12th 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 Ever Gotesco Resources price movement. The serial correlation of -0.62 indicates that roughly 62.0% of current Ever Gotesco price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.62 | |
| Spearman Rank Test | -0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Ever Gotesco Resources lagged returns against current returns
Autocorrelation, which is Ever Gotesco 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 Ever Gotesco's stock expected returns. We can calculate the autocorrelation of Ever Gotesco returns to help us make a trade decision. For example, suppose you find that Ever Gotesco 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 |
Ever Gotesco 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 Ever Gotesco stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ever Gotesco stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ever Gotesco stock over time.
Current vs Lagged Prices |
| Timeline |
Ever Gotesco Lagged Returns
When evaluating Ever Gotesco's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ever Gotesco stock have on its future price. Ever Gotesco 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, Ever Gotesco autocorrelation shows the relationship between Ever Gotesco stock current value and its past values and can show if there is a momentum factor associated with investing in Ever Gotesco Resources.
Regressed Prices |
| Timeline |
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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 Ever Stock Analysis
When running Ever Gotesco's price analysis, check to measure Ever Gotesco'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 Ever Gotesco is operating at the current time. Most of Ever Gotesco's value examination focuses on studying past and present price action to predict the probability of Ever Gotesco's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ever Gotesco's price. Additionally, you may evaluate how the addition of Ever Gotesco to your portfolios can decrease your overall portfolio volatility.