Everest Consolidator Acquisition Stock Market Value
| MNTN-UN Stock | 11.03 0.42 3.67% |
| Symbol | Everest |
Everest Consolidator Price To Book Ratio
Everest Consolidator '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 Everest Consolidator's stock 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 Everest Consolidator.
| 06/05/2024 |
| 12/02/2024 |
If you would invest 0.00 in Everest Consolidator on June 5, 2024 and sell it all today you would earn a total of 0.00 from holding Everest Consolidator Acquisition or generate 0.0% return on investment in Everest Consolidator over 180 days. Everest Consolidator is related to or competes with Western Acquisition, Fidus Investment, Levi Strauss, SL Green, Hafnia, Emerson Radio, and Amkor Technology. Everest Consolidator is entity of United States More
Everest Consolidator 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 Everest Consolidator's stock 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 Everest Consolidator Acquisition upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 16.03 |
Everest Consolidator Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Everest Consolidator's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Everest Consolidator's standard deviation. In reality, there are many statistical measures that can use Everest Consolidator historical prices to predict the future Everest Consolidator's volatility.| Risk Adjusted Performance | 0.0044 | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.35) | |||
| Treynor Ratio | (0.06) |
Everest Consolidator Backtested Returns
Everest Consolidator secures Sharpe Ratio (or Efficiency) of -0.0024, which denotes the company had a -0.0024% return per unit of risk over the last 3 months. Everest Consolidator Acquisition exposes nineteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Everest Consolidator's Variance of 4.08, mean deviation of 0.411, and Standard Deviation of 2.02 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.25, which means not very significant fluctuations relative to the market. As returns on the market increase, Everest Consolidator's returns are expected to increase less than the market. However, during the bear market, the loss of holding Everest Consolidator is expected to be smaller as well. At this point, Everest Consolidator has a negative expected return of -0.0049%. Please make sure to confirm Everest Consolidator's standard deviation, information ratio, total risk alpha, as well as the relationship between the variance and jensen alpha , to decide if Everest Consolidator performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.29 |
Weak reverse predictability
Everest Consolidator Acquisition has weak reverse predictability. Overlapping area represents the amount of predictability between Everest Consolidator time series from 5th of June 2024 to 3rd of September 2024 and 3rd of September 2024 to 2nd of December 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 Everest Consolidator price movement. The serial correlation of -0.29 indicates that nearly 29.0% of current Everest Consolidator price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.29 | |
| Spearman Rank Test | -0.56 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Everest Consolidator lagged returns against current returns
Autocorrelation, which is Everest Consolidator stock'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 Everest Consolidator's stock expected returns. We can calculate the autocorrelation of Everest Consolidator returns to help us make a trade decision. For example, suppose you find that Everest Consolidator has exhibited high autocorrelation historically, and you observe that the stock 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 |
Everest Consolidator 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 Everest Consolidator stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Everest Consolidator stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Everest Consolidator stock over time.
Current vs Lagged Prices |
| Timeline |
Everest Consolidator Lagged Returns
When evaluating Everest Consolidator's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Everest Consolidator stock have on its future price. Everest Consolidator 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, Everest Consolidator autocorrelation shows the relationship between Everest Consolidator stock current value and its past values and can show if there is a momentum factor associated with investing in Everest Consolidator Acquisition.
Regressed Prices |
| Timeline |
Pair Trading with Everest Consolidator
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 Everest Consolidator 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 Everest Consolidator will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Everest Consolidator could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Everest Consolidator 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 Everest Consolidator - 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 Everest Consolidator Acquisition to buy it.
The correlation of Everest Consolidator 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 Everest Consolidator moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Everest Consolidator 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 Everest Consolidator 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.Check out Everest Consolidator Correlation, Everest Consolidator Volatility and Everest Consolidator Alpha and Beta module to complement your research on Everest Consolidator. You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
Everest Consolidator technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.