Evio Inc Stock Market Value
| EVIO Stock | USD 0.0001 0.00 0.00% |
| Symbol | EVIO |
EVIO '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 EVIO's pink sheet 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 EVIO.
| 12/09/2022 |
| 11/28/2024 |
If you would invest 0.00 in EVIO on December 9, 2022 and sell it all today you would earn a total of 0.00 from holding EVIO Inc or generate 0.0% return on investment in EVIO over 720 days. EVIO, Inc., together with its subsidiaries, provides analytical testing and advisory services to cannabis industry in th... More
EVIO 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 EVIO's pink sheet 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 EVIO Inc upside and downside potential and time the market with a certain degree of confidence.
EVIO Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for EVIO's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as EVIO's standard deviation. In reality, there are many statistical measures that can use EVIO historical prices to predict the future EVIO's volatility.EVIO Inc Backtested Returns
EVIO is out of control given 3 months investment horizon. EVIO Inc secures Sharpe Ratio (or Efficiency) of 0.36, which denotes the company had a 0.36% return per unit of return volatility over the last 3 months. We were able to collect and analyze data for four different technical indicators, which can help you to evaluate if expected returns of 128.57% are justified by taking the suggested risk. Use EVIO day typical price of 1.0E-4 to evaluate company specific risk that cannot be diversified away. EVIO holds a performance score of 28 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of 0.0, which means not very significant fluctuations relative to the market. the returns on MARKET and EVIO are completely uncorrelated. Use EVIO relative strength index , to analyze future returns on EVIO.
Auto-correlation | -0.07 |
Very weak reverse predictability
EVIO Inc has very weak reverse predictability. Overlapping area represents the amount of predictability between EVIO time series from 9th of December 2022 to 4th of December 2023 and 4th of December 2023 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 EVIO Inc price movement. The serial correlation of -0.07 indicates that barely 7.0% of current EVIO price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.07 | |
| Spearman Rank Test | 0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
EVIO Inc lagged returns against current returns
Autocorrelation, which is EVIO pink sheet'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 EVIO's pink sheet expected returns. We can calculate the autocorrelation of EVIO returns to help us make a trade decision. For example, suppose you find that EVIO has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
EVIO 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 EVIO pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if EVIO pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in EVIO pink sheet over time.
Current vs Lagged Prices |
| Timeline |
EVIO Lagged Returns
When evaluating EVIO's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of EVIO pink sheet have on its future price. EVIO 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, EVIO autocorrelation shows the relationship between EVIO pink sheet current value and its past values and can show if there is a momentum factor associated with investing in EVIO Inc.
Regressed Prices |
| Timeline |
Pair Trading with EVIO
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if EVIO position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in EVIO will appreciate offsetting losses from the drop in the long position's value.Moving against EVIO Pink Sheet
| 0.49 | IMHC | Imperalis Holding Corp | PairCorr |
| 0.42 | MKKGY | Merck KGaA ADR | PairCorr |
| 0.42 | TAK | Takeda Pharmaceutical | PairCorr |
| 0.4 | MKGAF | MERCK Kommanditgesells | PairCorr |
| 0.32 | HLNCF | Haleon plc | PairCorr |
The ability to find closely correlated positions to EVIO could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace EVIO when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back EVIO - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling EVIO Inc to buy it.
The correlation of EVIO is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as EVIO moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if EVIO Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for EVIO can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in EVIO Pink Sheet
EVIO financial ratios help investors to determine whether EVIO Pink Sheet 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 EVIO with respect to the benefits of owning EVIO security.