Ecopetrol Sa Adr Stock Market Value

EC Stock  USD 11.84  0.51  4.50%   
Ecopetrol's market value is the price at which a share of Ecopetrol trades on a public exchange. It measures the collective expectations of Ecopetrol SA ADR investors about its performance. Ecopetrol is trading at 11.84 as of the 29th of March 2024, a 4.50 percent increase since the beginning of the trading day. The stock's open price was 11.33.
With this module, you can estimate the performance of a buy and hold strategy of Ecopetrol SA ADR and determine expected loss or profit from investing in Ecopetrol over a given investment horizon. Check out Ecopetrol Correlation, Ecopetrol Volatility and Ecopetrol Alpha and Beta module to complement your research on Ecopetrol.
Symbol

Ecopetrol SA ADR Price To Book Ratio

Is Ecopetrol's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Ecopetrol. If investors know Ecopetrol will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Ecopetrol listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.38)
Earnings Share
2.47
Revenue Per Share
34.8 K
Quarterly Revenue Growth
(0.12)
Return On Assets
0.0881
The market value of Ecopetrol SA ADR is measured differently than its book value, which is the value of Ecopetrol that is recorded on the company's balance sheet. Investors also form their own opinion of Ecopetrol's value that differs from its market value or its book value, called intrinsic value, which is Ecopetrol's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Ecopetrol's market value can be influenced by many factors that don't directly affect Ecopetrol's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Ecopetrol's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ecopetrol is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ecopetrol's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Ecopetrol '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 Ecopetrol'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 Ecopetrol.
0.00
02/28/2024
No Change 0.00  0.0 
In 30 days
03/29/2024
0.00
If you would invest  0.00  in Ecopetrol on February 28, 2024 and sell it all today you would earn a total of 0.00 from holding Ecopetrol SA ADR or generate 0.0% return on investment in Ecopetrol over 30 days. Ecopetrol is related to or competes with Cisco Systems, Johnson Johnson, Merck, JPMorgan Chase, Verizon Communications, International Business, and Travelers Companies. The company operates through four segments Exploration and Production Transport and Logistics Refining, Petrochemical an... More

Ecopetrol 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 Ecopetrol'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 Ecopetrol SA ADR upside and downside potential and time the market with a certain degree of confidence.

Ecopetrol Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Ecopetrol's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ecopetrol's standard deviation. In reality, there are many statistical measures that can use Ecopetrol historical prices to predict the future Ecopetrol's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Ecopetrol's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
10.1311.8413.55
Details
Intrinsic
Valuation
LowRealHigh
9.9811.6913.40
Details
Naive
Forecast
LowNextHigh
10.4012.1113.83
Details
12 Analysts
Consensus
LowTargetHigh
11.7712.9314.35
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Ecopetrol. Your research has to be compared to or analyzed against Ecopetrol's peers to derive any actionable benefits. When done correctly, Ecopetrol's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Ecopetrol SA ADR.

Ecopetrol SA ADR Backtested Returns

Ecopetrol SA ADR secures Sharpe Ratio (or Efficiency) of -0.0011, which denotes the company had a -0.0011% return per unit of risk over the last 3 months. Ecopetrol SA ADR exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Ecopetrol's Downside Deviation of 1.79, mean deviation of 1.29, and Coefficient Of Variation of 118113.83 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.89, which means possible diversification benefits within a given portfolio. Ecopetrol returns are very sensitive to returns on the market. As the market goes up or down, Ecopetrol is expected to follow. Ecopetrol SA ADR has an expected return of -0.0018%. Please make sure to confirm Ecopetrol SA ADR maximum drawdown, semi variance, and the relationship between the sortino ratio and potential upside , to decide if Ecopetrol SA ADR performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  -0.32  

Poor reverse predictability

Ecopetrol SA ADR has poor reverse predictability. Overlapping area represents the amount of predictability between Ecopetrol time series from 28th of February 2024 to 14th of March 2024 and 14th of March 2024 to 29th of March 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 SA ADR price movement. The serial correlation of -0.32 indicates that nearly 32.0% of current Ecopetrol price fluctuation can be explain by its past prices.
Correlation Coefficient-0.32
Spearman Rank Test-0.49
Residual Average0.0
Price Variance0.09

Ecopetrol SA ADR lagged returns against current returns

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

Ecopetrol 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 Ecopetrol stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ecopetrol stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ecopetrol stock over time.
   Current vs Lagged Prices   
       Timeline  

Ecopetrol Lagged Returns

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

Pair Trading with Ecopetrol

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 Ecopetrol 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 Ecopetrol will appreciate offsetting losses from the drop in the long position's value.

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The ability to find closely correlated positions to Ecopetrol could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ecopetrol 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 Ecopetrol - 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 Ecopetrol SA ADR to buy it.
The correlation of Ecopetrol 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 Ecopetrol moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ecopetrol SA ADR 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 Ecopetrol 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.
Pair CorrelationCorrelation Matching
When determining whether Ecopetrol SA ADR offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Ecopetrol's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Ecopetrol Sa Adr Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Ecopetrol Sa Adr Stock:
Check out Ecopetrol Correlation, Ecopetrol Volatility and Ecopetrol Alpha and Beta module to complement your research on Ecopetrol.
Note that the Ecopetrol SA ADR information on this page should be used as a complementary analysis to other Ecopetrol's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.

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Ecopetrol technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Ecopetrol technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Ecopetrol trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...