Evoair Holdings Stock Market Value
| EVOHD Stock | 23.00 0.00 0.00% |
| Symbol | EvoAir |
EvoAir Holdings '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 EvoAir Holdings' 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 EvoAir Holdings.
| 01/31/2024 |
| 11/26/2024 |
If you would invest 0.00 in EvoAir Holdings on January 31, 2024 and sell it all today you would earn a total of 0.00 from holding EvoAir Holdings or generate 0.0% return on investment in EvoAir Holdings over 300 days.
EvoAir Holdings 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 EvoAir Holdings' 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 EvoAir Holdings upside and downside potential and time the market with a certain degree of confidence.
EvoAir Holdings Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for EvoAir Holdings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as EvoAir Holdings' standard deviation. In reality, there are many statistical measures that can use EvoAir Holdings historical prices to predict the future EvoAir Holdings' volatility.EvoAir Holdings Backtested Returns
We have found three technical indicators for EvoAir Holdings, which you can use to evaluate the volatility of the firm. 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 EvoAir Holdings are completely uncorrelated.
Auto-correlation | -92,233,720,368,547,760 |
Near perfect reversele predictability
EvoAir Holdings has near perfect reversele predictability. Overlapping area represents the amount of predictability between EvoAir Holdings time series from 31st of January 2024 to 29th of June 2024 and 29th of June 2024 to 26th 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 EvoAir Holdings price movement. The serial correlation of -9.223372036854776E16 indicates that 9.223372036854776E16% of current EvoAir Holdings price fluctuation can be explain by its past prices.
| Correlation Coefficient | -92233.7 T | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
EvoAir Holdings lagged returns against current returns
Autocorrelation, which is EvoAir Holdings 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 EvoAir Holdings' pink sheet expected returns. We can calculate the autocorrelation of EvoAir Holdings returns to help us make a trade decision. For example, suppose you find that EvoAir Holdings 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 |
EvoAir Holdings 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 EvoAir Holdings pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if EvoAir Holdings pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in EvoAir Holdings pink sheet over time.
Current vs Lagged Prices |
| Timeline |
EvoAir Holdings Lagged Returns
When evaluating EvoAir Holdings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of EvoAir Holdings pink sheet have on its future price. EvoAir Holdings 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, EvoAir Holdings autocorrelation shows the relationship between EvoAir Holdings pink sheet current value and its past values and can show if there is a momentum factor associated with investing in EvoAir Holdings.
Regressed Prices |
| Timeline |