ECOPETROL S A Market Value
| 279158AE9 | 88.61 1.01 1.15% |
| Symbol | 279158AE9 |
279158AE9 '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 279158AE9's bond 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 279158AE9.
| 11/06/2023 |
| 11/30/2024 |
If you would invest 0.00 in 279158AE9 on November 6, 2023 and sell it all today you would earn a total of 0.00 from holding ECOPETROL S A or generate 0.0% return on investment in 279158AE9 over 390 days. 279158AE9 is related to or competes with Topbuild Corp, Old Dominion, EMCOR, Park Ohio, Emerson Electric, Simpson Manufacturing, and Highway Holdings. More
279158AE9 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 279158AE9's bond 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 ECOPETROL S A upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.51 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 30.05 | |||
| Value At Risk | (4.18) | |||
| Potential Upside | 4.44 |
279158AE9 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 279158AE9's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 279158AE9's standard deviation. In reality, there are many statistical measures that can use 279158AE9 historical prices to predict the future 279158AE9's volatility.| Risk Adjusted Performance | 0.0193 | |||
| Jensen Alpha | 0.0592 | |||
| Total Risk Alpha | (0.63) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | (0.65) |
ECOPETROL S A Backtested Returns
ECOPETROL S A secures Sharpe Ratio (or Efficiency) of -0.0213, which signifies that the bond had a -0.0213% return per unit of price deviation over the last 3 months. ECOPETROL S A exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm 279158AE9's Downside Deviation of 3.51, mean deviation of 2.07, and Standard Deviation of 4.07 to double-check the risk estimate we provide. The entity shows a Beta (market volatility) of -0.0764, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning 279158AE9 are expected to decrease at a much lower rate. During the bear market, 279158AE9 is likely to outperform the market.
Auto-correlation | 0.22 |
Weak predictability
ECOPETROL S A has weak predictability. Overlapping area represents the amount of predictability between 279158AE9 time series from 6th of November 2023 to 19th of May 2024 and 19th of May 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 ECOPETROL S A price movement. The serial correlation of 0.22 indicates that over 22.0% of current 279158AE9 price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.22 | |
| Spearman Rank Test | -0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 3.48 |
ECOPETROL S A lagged returns against current returns
Autocorrelation, which is 279158AE9 bond'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 279158AE9's bond expected returns. We can calculate the autocorrelation of 279158AE9 returns to help us make a trade decision. For example, suppose you find that 279158AE9 has exhibited high autocorrelation historically, and you observe that the bond 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 |
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279158AE9 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 279158AE9 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 279158AE9 bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 279158AE9 bond over time.
Current vs Lagged Prices |
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279158AE9 Lagged Returns
When evaluating 279158AE9's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 279158AE9 bond have on its future price. 279158AE9 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, 279158AE9 autocorrelation shows the relationship between 279158AE9 bond current value and its past values and can show if there is a momentum factor associated with investing in ECOPETROL S A.
Regressed Prices |
| Timeline |
Also Currently Popular
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.Other Information on Investing in 279158AE9 Bond
279158AE9 financial ratios help investors to determine whether 279158AE9 Bond 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 279158AE9 with respect to the benefits of owning 279158AE9 security.