ELEMENT SOLUTIONS INC Market Value
| 28618MAA4 | 87.08 0.00 0.00% |
| Symbol | ELEMENT |
ELEMENT '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 ELEMENT'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 ELEMENT.
| 06/04/2024 |
| 12/01/2024 |
If you would invest 0.00 in ELEMENT on June 4, 2024 and sell it all today you would earn a total of 0.00 from holding ELEMENT SOLUTIONS INC or generate 0.0% return on investment in ELEMENT over 180 days. ELEMENT is related to or competes with Skechers USA, Estee Lauder, European Wax, Antero Midstream, WEC Energy, Lincoln Electric, and Inter Parfums. More
ELEMENT 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 ELEMENT'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 ELEMENT SOLUTIONS INC upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 11.57 | |||
| Value At Risk | (0.55) | |||
| Potential Upside | 0.5503 |
ELEMENT Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ELEMENT's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ELEMENT's standard deviation. In reality, there are many statistical measures that can use ELEMENT historical prices to predict the future ELEMENT's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.37) | |||
| Treynor Ratio | 0.2622 |
ELEMENT SOLUTIONS INC Backtested Returns
ELEMENT SOLUTIONS INC secures Sharpe Ratio (or Efficiency) of -0.1, which denotes the bond had a -0.1% return per unit of return volatility over the last 3 months. ELEMENT SOLUTIONS INC exposes eighteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm ELEMENT's mean deviation of 0.6096, and Standard Deviation of 1.56 to check the risk estimate we provide. The bond shows a Beta (market volatility) of -0.41, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning ELEMENT are expected to decrease at a much lower rate. During the bear market, ELEMENT is likely to outperform the market.
Auto-correlation | -0.26 |
Weak reverse predictability
ELEMENT SOLUTIONS INC has weak reverse predictability. Overlapping area represents the amount of predictability between ELEMENT time series from 4th of June 2024 to 2nd of September 2024 and 2nd of September 2024 to 1st 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 ELEMENT SOLUTIONS INC price movement. The serial correlation of -0.26 indicates that nearly 26.0% of current ELEMENT price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.26 | |
| Spearman Rank Test | 0.4 | |
| Residual Average | 0.0 | |
| Price Variance | 2.85 |
ELEMENT SOLUTIONS INC lagged returns against current returns
Autocorrelation, which is ELEMENT 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 ELEMENT's bond expected returns. We can calculate the autocorrelation of ELEMENT returns to help us make a trade decision. For example, suppose you find that ELEMENT 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 |
| Timeline |
ELEMENT 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 ELEMENT bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ELEMENT bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ELEMENT bond over time.
Current vs Lagged Prices |
| Timeline |
ELEMENT Lagged Returns
When evaluating ELEMENT's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ELEMENT bond have on its future price. ELEMENT 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, ELEMENT autocorrelation shows the relationship between ELEMENT bond current value and its past values and can show if there is a momentum factor associated with investing in ELEMENT SOLUTIONS INC.
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 ELEMENT Bond
ELEMENT financial ratios help investors to determine whether ELEMENT 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 ELEMENT with respect to the benefits of owning ELEMENT security.