Phoslock Environmental (Australia) Market Value

Symbol

Phoslock

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 Phoslock Environmental'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 Phoslock Environmental.

Phoslock Environmental Upside/Downside Indicators

Phoslock Environmental Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Phoslock Environmental's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Phoslock Environmental's standard deviation. In reality, there are many statistical measures that can use Phoslock Environmental historical prices to predict the future Phoslock Environmental's volatility.

Autocorrelation, which is Phoslock Environmental 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 Phoslock Environmental's stock expected returns. We can calculate the autocorrelation of Phoslock Environmental returns to help us make a trade decision. For example, suppose you find that Phoslock Environmental 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.

Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Phoslock Environmental stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Phoslock Environmental stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Phoslock Environmental stock over time.

When evaluating Phoslock Environmental's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Phoslock Environmental stock have on its future price. Phoslock Environmental 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, Phoslock Environmental autocorrelation shows the relationship between Phoslock Environmental stock current value and its past values and can show if there is a momentum factor associated with investing in Phoslock Environmental Technologies.

When running Phoslock Environmental's price analysis, check to measure Phoslock Environmental's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Phoslock Environmental is operating at the current time. Most of Phoslock Environmental's value examination focuses on studying past and present price action to predict the probability of Phoslock Environmental's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Phoslock Environmental's price. Additionally, you may evaluate how the addition of Phoslock Environmental to your portfolios can decrease your overall portfolio volatility.