Exco Technologies Limited Stock Market Value
| XTC Stock | CAD 8.50 0.02 0.24% |
| Symbol | Exco |
Exco Technologies Price To Book Ratio
Exco Technologies '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 Exco Technologies' 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 Exco Technologies.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Exco Technologies on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Exco Technologies Limited or generate 0.0% return on investment in Exco Technologies over 30 days. Exco Technologies is related to or competes with Transcontinental, Methanex, Stella Jones, High Liner, and Capital Power. Exco Technologies Limited, together with its subsidiaries, designs, develops, and manufactures dies, molds, components a... More
Exco Technologies 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 Exco Technologies' 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 Exco Technologies Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.2 | |||
| Information Ratio | 0.027 | |||
| Maximum Drawdown | 5.43 | |||
| Value At Risk | (2.00) | |||
| Potential Upside | 2.02 |
Exco Technologies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Exco Technologies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Exco Technologies' standard deviation. In reality, there are many statistical measures that can use Exco Technologies historical prices to predict the future Exco Technologies' volatility.| Risk Adjusted Performance | 0.0947 | |||
| Jensen Alpha | 0.1009 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | 0.0265 | |||
| Treynor Ratio | 0.4282 |
Exco Technologies Backtested Returns
As of now, Exco Stock is not too volatile. Exco Technologies secures Sharpe Ratio (or Efficiency) of 0.0893, which denotes the company had a 0.0893% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for Exco Technologies Limited, which you can use to evaluate the volatility of the firm. Please confirm Exco Technologies' Mean Deviation of 0.9452, downside deviation of 1.2, and Semi Deviation of 0.9981 to check if the risk estimate we provide is consistent with the expected return of 0.1%. Exco Technologies has a performance score of 7 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.31, which means possible diversification benefits within a given portfolio. As returns on the market increase, Exco Technologies' returns are expected to increase less than the market. However, during the bear market, the loss of holding Exco Technologies is expected to be smaller as well. Exco Technologies right now shows a risk of 1.15%. Please confirm Exco Technologies jensen alpha, semi variance, day typical price, as well as the relationship between the maximum drawdown and accumulation distribution , to decide if Exco Technologies will be following its price patterns.
Auto-correlation | 0.34 |
Below average predictability
Exco Technologies Limited has below average predictability. Overlapping area represents the amount of predictability between Exco Technologies time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 Exco Technologies price movement. The serial correlation of 0.34 indicates that nearly 34.0% of current Exco Technologies price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.34 | |
| Spearman Rank Test | 0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Exco Technologies lagged returns against current returns
Autocorrelation, which is Exco Technologies 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 Exco Technologies' stock expected returns. We can calculate the autocorrelation of Exco Technologies returns to help us make a trade decision. For example, suppose you find that Exco Technologies 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 |
Exco Technologies 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 Exco Technologies stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Exco Technologies stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Exco Technologies stock over time.
Current vs Lagged Prices |
| Timeline |
Exco Technologies Lagged Returns
When evaluating Exco Technologies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Exco Technologies stock have on its future price. Exco Technologies 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, Exco Technologies autocorrelation shows the relationship between Exco Technologies stock current value and its past values and can show if there is a momentum factor associated with investing in Exco Technologies Limited.
Regressed Prices |
| Timeline |
Pair Trading with Exco Technologies
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 Exco Technologies 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 Exco Technologies will appreciate offsetting losses from the drop in the long position's value.Moving together with Exco Stock
Moving against Exco Stock
The ability to find closely correlated positions to Exco Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Exco Technologies 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 Exco Technologies - 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 Exco Technologies Limited to buy it.
The correlation of Exco Technologies 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 Exco Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Exco Technologies 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 Exco Technologies 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.Other Information on Investing in Exco Stock
Exco Technologies financial ratios help investors to determine whether Exco Stock 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 Exco with respect to the benefits of owning Exco Technologies security.