Evonik Industries Ag Stock Market Value
| EVKIF Stock | USD 18.20 2.15 13.40% |
| Symbol | Evonik |
Evonik Industries '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 Evonik Industries' 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 Evonik Industries.
| 09/03/2024 |
| 01/31/2025 |
If you would invest 0.00 in Evonik Industries on September 3, 2024 and sell it all today you would earn a total of 0.00 from holding Evonik Industries AG or generate 0.0% return on investment in Evonik Industries over 150 days. Evonik Industries is related to or competes with Akzo Nobel, Avoca LLC, AGC, Arkema SA, and AirBoss Of. Evonik Industries AG engages in the specialty chemicals business More
Evonik Industries 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 Evonik Industries' 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 Evonik Industries AG upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 15.98 | |||
| Value At Risk | (7.32) | |||
| Potential Upside | 1.96 |
Evonik Industries Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Evonik Industries' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Evonik Industries' standard deviation. In reality, there are many statistical measures that can use Evonik Industries historical prices to predict the future Evonik Industries' volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.43) | |||
| Total Risk Alpha | (0.65) | |||
| Treynor Ratio | (0.26) |
Evonik Industries Backtested Returns
Evonik Industries secures Sharpe Ratio (or Efficiency) of -0.0824, which denotes the company had a -0.0824 % return per unit of risk over the last 3 months. Evonik Industries AG exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Evonik Industries' Mean Deviation of 1.31, standard deviation of 3.05, and Variance of 9.29 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.23, which means a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Evonik Industries will likely underperform. At this point, Evonik Industries has a negative expected return of -0.25%. Please make sure to confirm Evonik Industries' treynor ratio, as well as the relationship between the daily balance of power and price action indicator , to decide if Evonik Industries performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.03 |
Very weak reverse predictability
Evonik Industries AG has very weak reverse predictability. Overlapping area represents the amount of predictability between Evonik Industries time series from 3rd of September 2024 to 17th of November 2024 and 17th of November 2024 to 31st of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Evonik Industries price movement. The serial correlation of -0.03 indicates that only 3.0% of current Evonik Industries price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.03 | |
| Spearman Rank Test | -0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 0.97 |
Evonik Industries lagged returns against current returns
Autocorrelation, which is Evonik Industries 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 Evonik Industries' pink sheet expected returns. We can calculate the autocorrelation of Evonik Industries returns to help us make a trade decision. For example, suppose you find that Evonik Industries 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 |
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Evonik Industries 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 Evonik Industries pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Evonik Industries pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Evonik Industries pink sheet over time.
Current vs Lagged Prices |
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Evonik Industries Lagged Returns
When evaluating Evonik Industries' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Evonik Industries pink sheet have on its future price. Evonik Industries 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, Evonik Industries autocorrelation shows the relationship between Evonik Industries pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Evonik Industries AG.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Evonik Pink Sheet
Evonik Industries financial ratios help investors to determine whether Evonik 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 Evonik with respect to the benefits of owning Evonik Industries security.