Elsaeed Contracting's market value is the price at which a share of Elsaeed Contracting trades on a public exchange. It measures the collective expectations of Elsaeed Contracting Real investors about its performance. Elsaeed Contracting is trading at 0.98 as of the 30th of November 2024. This is a 1.01 percent decrease since the beginning of the trading day. The stock's lowest day price was 0.97. With this module, you can estimate the performance of a buy and hold strategy of Elsaeed Contracting Real and determine expected loss or profit from investing in Elsaeed Contracting over a given investment horizon. Check out World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Symbol
Elsaeed
Elsaeed Contracting '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 Elsaeed Contracting'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 Elsaeed Contracting.
0.00
06/03/2024
No Change 0.00
0.0
In 5 months and 30 days
11/30/2024
0.00
If you would invest 0.00 in Elsaeed Contracting on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding Elsaeed Contracting Real or generate 0.0% return on investment in Elsaeed Contracting over 180 days.
Elsaeed Contracting 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 Elsaeed Contracting'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 Elsaeed Contracting Real upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Elsaeed Contracting's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Elsaeed Contracting's standard deviation. In reality, there are many statistical measures that can use Elsaeed Contracting historical prices to predict the future Elsaeed Contracting's volatility.
Elsaeed Contracting appears to be dangerous, given 3 months investment horizon. Elsaeed Contracting Real secures Sharpe Ratio (or Efficiency) of 0.0973, which denotes the company had a 0.0973% return per unit of risk over the last 3 months. We have found thirty technical indicators for Elsaeed Contracting Real, which you can use to evaluate the volatility of the firm. Please utilize Elsaeed Contracting's Mean Deviation of 1.55, downside deviation of 2.14, and Coefficient Of Variation of 613.35 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Elsaeed Contracting holds a performance score of 7. The firm shows a Beta (market volatility) of 0.15, which means not very significant fluctuations relative to the market. As returns on the market increase, Elsaeed Contracting's returns are expected to increase less than the market. However, during the bear market, the loss of holding Elsaeed Contracting is expected to be smaller as well. Please check Elsaeed Contracting's value at risk, downside variance, and the relationship between the maximum drawdown and potential upside , to make a quick decision on whether Elsaeed Contracting's price patterns will revert.
Auto-correlation
0.48
Average predictability
Elsaeed Contracting Real has average predictability. Overlapping area represents the amount of predictability between Elsaeed Contracting time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 2024 to 30th 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 Elsaeed Contracting Real price movement. The serial correlation of 0.48 indicates that about 48.0% of current Elsaeed Contracting price fluctuation can be explain by its past prices.
Correlation Coefficient
0.48
Spearman Rank Test
0.06
Residual Average
0.0
Price Variance
0.0
Elsaeed Contracting Real lagged returns against current returns
Autocorrelation, which is Elsaeed Contracting 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 Elsaeed Contracting's stock expected returns. We can calculate the autocorrelation of Elsaeed Contracting returns to help us make a trade decision. For example, suppose you find that Elsaeed Contracting 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
Elsaeed Contracting 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 Elsaeed Contracting stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Elsaeed Contracting stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Elsaeed Contracting stock over time.
Current vs Lagged Prices
Timeline
Elsaeed Contracting Lagged Returns
When evaluating Elsaeed Contracting's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Elsaeed Contracting stock have on its future price. Elsaeed Contracting 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, Elsaeed Contracting autocorrelation shows the relationship between Elsaeed Contracting stock current value and its past values and can show if there is a momentum factor associated with investing in Elsaeed Contracting Real.
Regressed Prices
Timeline
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.