Ev Technology Group Stock Market Value
| EVTGF Stock | USD 0 0.00 0.00% |
| Symbol | EVTGF |
EV Technology '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 EV Technology'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 EV Technology.
| 12/09/2022 |
| 11/28/2024 |
If you would invest 0.00 in EV Technology on December 9, 2022 and sell it all today you would earn a total of 0.00 from holding EV Technology Group or generate 0.0% return on investment in EV Technology over 720 days. EV Technology is related to or competes with Buhler Industries, AmeraMex International, Textainer Group, Deere, AGCO, Nikola Corp, and PACCAR. EV Technology Group Ltd. focuses on developing and commercializing electric vehicle technologies More
EV Technology 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 EV Technology'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 EV Technology Group upside and downside potential and time the market with a certain degree of confidence.
EV Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for EV Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as EV Technology's standard deviation. In reality, there are many statistical measures that can use EV Technology historical prices to predict the future EV Technology's volatility.EV Technology Group Backtested Returns
We have found three technical indicators for EV Technology, which you can use to evaluate the volatility of the firm. The firm owns a Beta (Systematic Risk) of 0.0, which means not very significant fluctuations relative to the market. the returns on MARKET and EV Technology are completely uncorrelated.
Auto-correlation | 0.69 |
Good predictability
EV Technology Group has good predictability. Overlapping area represents the amount of predictability between EV Technology 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 EV Technology Group price movement. The serial correlation of 0.69 indicates that around 69.0% of current EV Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.69 | |
| Spearman Rank Test | 0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
EV Technology Group lagged returns against current returns
Autocorrelation, which is EV Technology 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 EV Technology's pink sheet expected returns. We can calculate the autocorrelation of EV Technology returns to help us make a trade decision. For example, suppose you find that EV Technology 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 |
EV Technology 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 EV Technology pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if EV Technology pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in EV Technology pink sheet over time.
Current vs Lagged Prices |
| Timeline |
EV Technology Lagged Returns
When evaluating EV Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of EV Technology pink sheet have on its future price. EV Technology 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, EV Technology autocorrelation shows the relationship between EV Technology pink sheet current value and its past values and can show if there is a momentum factor associated with investing in EV Technology Group.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in EVTGF Pink Sheet
EV Technology financial ratios help investors to determine whether EVTGF 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 EVTGF with respect to the benefits of owning EV Technology security.