Evergen Infrastructure Corp Stock Market Value
| EVGIF Stock | USD 1.25 0.01 0.81% |
| Symbol | EverGen |
EverGen Infrastructure '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 EverGen Infrastructure's otc 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 EverGen Infrastructure.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in EverGen Infrastructure on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding EverGen Infrastructure Corp or generate 0.0% return on investment in EverGen Infrastructure over 540 days. EverGen Infrastructure is related to or competes with Atmos Energy, LCI Industries, Golden Agri-Resources, Empire State, China Mengniu, Sitio Royalties, and FactSet Research. EverGen Infrastructure Corp. acquires, develops, builds, owns, and operates a portfolio of renewable natural gas, waste ... More
EverGen Infrastructure 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 EverGen Infrastructure's otc 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 EverGen Infrastructure Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.22) | |||
| Maximum Drawdown | 16.47 | |||
| Value At Risk | (6.10) | |||
| Potential Upside | 1.96 |
EverGen Infrastructure Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for EverGen Infrastructure's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as EverGen Infrastructure's standard deviation. In reality, there are many statistical measures that can use EverGen Infrastructure historical prices to predict the future EverGen Infrastructure's volatility.| Risk Adjusted Performance | (0.12) | |||
| Jensen Alpha | (0.44) | |||
| Total Risk Alpha | (0.76) | |||
| Treynor Ratio | (1.42) |
EverGen Infrastructure Backtested Returns
EverGen Infrastructure 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. EverGen Infrastructure Corp exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm EverGen Infrastructure's Variance of 5.71, standard deviation of 2.39, and Mean Deviation of 1.3 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.28, which means not very significant fluctuations relative to the market. As returns on the market increase, EverGen Infrastructure's returns are expected to increase less than the market. However, during the bear market, the loss of holding EverGen Infrastructure is expected to be smaller as well. At this point, EverGen Infrastructure has a negative expected return of -0.63%. Please make sure to confirm EverGen Infrastructure's variance, skewness, price action indicator, as well as the relationship between the total risk alpha and rate of daily change , to decide if EverGen Infrastructure performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.33 |
Below average predictability
EverGen Infrastructure Corp has below average predictability. Overlapping area represents the amount of predictability between EverGen Infrastructure time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 to 29th 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 EverGen Infrastructure price movement. The serial correlation of 0.33 indicates that nearly 33.0% of current EverGen Infrastructure price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.33 | |
| Spearman Rank Test | 0.51 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
EverGen Infrastructure lagged returns against current returns
Autocorrelation, which is EverGen Infrastructure otc 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 EverGen Infrastructure's otc stock expected returns. We can calculate the autocorrelation of EverGen Infrastructure returns to help us make a trade decision. For example, suppose you find that EverGen Infrastructure has exhibited high autocorrelation historically, and you observe that the otc 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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EverGen Infrastructure 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 EverGen Infrastructure otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if EverGen Infrastructure otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in EverGen Infrastructure otc stock over time.
Current vs Lagged Prices |
| Timeline |
EverGen Infrastructure Lagged Returns
When evaluating EverGen Infrastructure's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of EverGen Infrastructure otc stock have on its future price. EverGen Infrastructure 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, EverGen Infrastructure autocorrelation shows the relationship between EverGen Infrastructure otc stock current value and its past values and can show if there is a momentum factor associated with investing in EverGen Infrastructure Corp.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in EverGen OTC Stock
EverGen Infrastructure financial ratios help investors to determine whether EverGen OTC Stock 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 EverGen with respect to the benefits of owning EverGen Infrastructure security.