Evotec Se Stock Market Value
| EVOTF Stock | USD 6.77 0.00 0.00% |
| Symbol | Evotec |
Evotec SE '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 Evotec SE'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 Evotec SE.
| 12/09/2022 |
| 11/28/2024 |
If you would invest 0.00 in Evotec SE on December 9, 2022 and sell it all today you would earn a total of 0.00 from holding Evotec SE or generate 0.0% return on investment in Evotec SE over 720 days. Evotec SE is related to or competes with Pacira BioSciences,, Collegium Pharmaceutical, Prestige Brand, Phibro Animal, HUTCHMED DRC, Neurocrine Biosciences, and Ironwood Pharmaceuticals. Evotec SE operates as drug discovery and development partner for the pharmaceutical and biotechnology industry worldwide More
Evotec SE 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 Evotec SE'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 Evotec SE upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.32) | |||
| Maximum Drawdown | 5.07 |
Evotec SE Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Evotec SE's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Evotec SE's standard deviation. In reality, there are many statistical measures that can use Evotec SE historical prices to predict the future Evotec SE's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.18) | |||
| Treynor Ratio | (1.00) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Evotec SE's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Evotec SE Backtested Returns
Evotec SE secures Sharpe Ratio (or Efficiency) of -0.11, which denotes the company had a -0.11% return per unit of risk over the last 3 months. Evotec SE exposes seventeen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Evotec SE's Mean Deviation of 0.1515, variance of 0.3936, and Standard Deviation of 0.6274 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.08, which means not very significant fluctuations relative to the market. As returns on the market increase, Evotec SE's returns are expected to increase less than the market. However, during the bear market, the loss of holding Evotec SE is expected to be smaller as well. At this point, Evotec SE has a negative expected return of -0.0734%. Please make sure to confirm Evotec SE's variance and kurtosis , to decide if Evotec SE performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.5 |
Modest reverse predictability
Evotec SE has modest reverse predictability. Overlapping area represents the amount of predictability between Evotec SE 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 Evotec SE price movement. The serial correlation of -0.5 indicates that about 50.0% of current Evotec SE price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.5 | |
| Spearman Rank Test | -0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 18.41 |
Evotec SE lagged returns against current returns
Autocorrelation, which is Evotec SE 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 Evotec SE's pink sheet expected returns. We can calculate the autocorrelation of Evotec SE returns to help us make a trade decision. For example, suppose you find that Evotec SE 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 |
Evotec SE 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 Evotec SE pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Evotec SE pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Evotec SE pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Evotec SE Lagged Returns
When evaluating Evotec SE's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Evotec SE pink sheet have on its future price. Evotec SE 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, Evotec SE autocorrelation shows the relationship between Evotec SE pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Evotec SE.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Evotec Pink Sheet
Evotec SE financial ratios help investors to determine whether Evotec 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 Evotec with respect to the benefits of owning Evotec SE security.