Environmmtl Tectonic Stock Market Value
ETCC Stock | USD 0.75 0.01 1.32% |
Symbol | Environmmtl |
Environmmtl Tectonic '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 Environmmtl Tectonic's pink sheet 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 Environmmtl Tectonic.
02/27/2024 |
| 03/28/2024 |
If you would invest 0.00 in Environmmtl Tectonic on February 27, 2024 and sell it all today you would earn a total of 0.00 from holding Environmmtl Tectonic or generate 0.0% return on investment in Environmmtl Tectonic over 30 days. Environmmtl Tectonic is related to or competes with Bank Mandiri, Bank Mandiri, PT Bank, Bank Rakyat, Bank Central, PT Bank, and Bank Negara. Environmental Tectonics Corporation, together with its subsidiaries, operates as an engineered solutions company in the ... More
Environmmtl Tectonic 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 Environmmtl Tectonic's pink sheet 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 Environmmtl Tectonic upside and downside potential and time the market with a certain degree of confidence.
Downside Deviation | 7.82 | |||
Information Ratio | 0.0119 | |||
Maximum Drawdown | 35.01 | |||
Value At Risk | (12.33) | |||
Potential Upside | 10.26 |
Environmmtl Tectonic Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Environmmtl Tectonic's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Environmmtl Tectonic's standard deviation. In reality, there are many statistical measures that can use Environmmtl Tectonic historical prices to predict the future Environmmtl Tectonic's volatility.Risk Adjusted Performance | 0.0278 | |||
Jensen Alpha | 0.1736 | |||
Total Risk Alpha | (1.19) | |||
Sortino Ratio | 0.0094 | |||
Treynor Ratio | 1.0 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Environmmtl Tectonic'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.
Environmmtl Tectonic Backtested Returns
We consider Environmmtl Tectonic abnormally volatile. Environmmtl Tectonic secures Sharpe Ratio (or Efficiency) of 0.0279, which denotes the company had a 0.0279% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Environmmtl Tectonic, which you can use to evaluate the volatility of the firm. Please confirm Environmmtl Tectonic's Downside Deviation of 7.82, mean deviation of 3.56, and Coefficient Of Variation of 2977.94 to check if the risk estimate we provide is consistent with the expected return of 0.13%. Environmmtl Tectonic has a performance score of 2 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.2, which means not very significant fluctuations relative to the market. As returns on the market increase, Environmmtl Tectonic's returns are expected to increase less than the market. However, during the bear market, the loss of holding Environmmtl Tectonic is expected to be smaller as well. Environmmtl Tectonic right now shows a risk of 4.79%. Please confirm Environmmtl Tectonic maximum drawdown, skewness, price action indicator, as well as the relationship between the downside variance and rate of daily change , to decide if Environmmtl Tectonic will be following its price patterns.
Auto-correlation | 0.26 |
Poor predictability
Environmmtl Tectonic has poor predictability. Overlapping area represents the amount of predictability between Environmmtl Tectonic time series from 27th of February 2024 to 13th of March 2024 and 13th of March 2024 to 28th 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 Environmmtl Tectonic price movement. The serial correlation of 0.26 indicates that nearly 26.0% of current Environmmtl Tectonic price fluctuation can be explain by its past prices.
Correlation Coefficient | 0.26 | |
Spearman Rank Test | -0.12 | |
Residual Average | 0.0 | |
Price Variance | 0.0 |
Environmmtl Tectonic lagged returns against current returns
Autocorrelation, which is Environmmtl Tectonic pink sheet'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 Environmmtl Tectonic's pink sheet expected returns. We can calculate the autocorrelation of Environmmtl Tectonic returns to help us make a trade decision. For example, suppose you find that Environmmtl Tectonic has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Environmmtl Tectonic 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 Environmmtl Tectonic pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Environmmtl Tectonic pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Environmmtl Tectonic pink sheet over time.
Current vs Lagged Prices |
Timeline |
Environmmtl Tectonic Lagged Returns
When evaluating Environmmtl Tectonic's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Environmmtl Tectonic pink sheet have on its future price. Environmmtl Tectonic 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, Environmmtl Tectonic autocorrelation shows the relationship between Environmmtl Tectonic pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Environmmtl Tectonic.
Regressed Prices |
Timeline |
Pair Trading with Environmmtl Tectonic
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 Environmmtl Tectonic 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 Environmmtl Tectonic will appreciate offsetting losses from the drop in the long position's value.Moving against Environmmtl Pink Sheet
0.51 | BA | Boeing Fiscal Quarter End 31st of March 2024 | PairCorr |
The ability to find closely correlated positions to Environmmtl Tectonic could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Environmmtl Tectonic 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 Environmmtl Tectonic - 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 Environmmtl Tectonic to buy it.
The correlation of Environmmtl Tectonic 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 Environmmtl Tectonic moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Environmmtl Tectonic 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 Environmmtl Tectonic 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.Check out Environmmtl Tectonic Correlation, Environmmtl Tectonic Volatility and Environmmtl Tectonic Alpha and Beta module to complement your research on Environmmtl Tectonic. Note that the Environmmtl Tectonic information on this page should be used as a complementary analysis to other Environmmtl Tectonic'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 Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
Complementary Tools for Environmmtl Pink Sheet analysis
When running Environmmtl Tectonic's price analysis, check to measure Environmmtl Tectonic's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Environmmtl Tectonic is operating at the current time. Most of Environmmtl Tectonic's value examination focuses on studying past and present price action to predict the probability of Environmmtl Tectonic's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Environmmtl Tectonic's price. Additionally, you may evaluate how the addition of Environmmtl Tectonic to your portfolios can decrease your overall portfolio volatility.
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Environmmtl Tectonic technical pink sheet 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, pink sheet market cycles, or different charting patterns.