Everbright Digital Holding Stock Statistic Functions Beta
| EDHL Stock | 0.75 0.04 5.06% |
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The output start index for this execution was thirty-six with a total number of output elements of twenty-five. The Beta measures systematic risk based on how returns on Everbright Digital correlated with the market. If Beta is less than 0 Everbright Digital generally moves in the opposite direction as compared to the market. If Everbright Digital Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Everbright Digital is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Everbright Digital is generally in the same direction as the market. If Beta > 1 Everbright Digital moves generally in the same direction as, but more than the movement of the benchmark.
Everbright Digital Technical Analysis Modules
Most technical analysis of Everbright Digital help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Everbright from various momentum indicators to cycle indicators. When you analyze Everbright charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
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About Everbright Digital Predictive Technical Analysis
Predictive technical analysis modules help investors to analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Everbright Digital Holding. We use our internally-developed statistical techniques to arrive at the intrinsic value of Everbright Digital Holding based on widely used predictive technical indicators. In general, we focus on analyzing Everbright Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Everbright Digital's daily price indicators and compare them against related drivers, such as statistic functions and various other types of predictive indicators. Using this methodology combined with a more conventional technical analysis and fundamental analysis, we attempt to find the most accurate representation of Everbright Digital's intrinsic value. In addition to deriving basic predictive indicators for Everbright Digital, we also check how macroeconomic factors affect Everbright Digital price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
| 2010 | 2023 | 2024 | 2025 (projected) | PTB Ratio | 265.57 | 82.77 | 95.19 | 90.43 | Price To Sales Ratio | 136.55 | 39.39 | 45.3 | 43.04 |
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As an individual investor, you need to find a reliable way to track all your investment portfolios' performance accurately. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing you full analytical transparency into your positions, our tools can tell you how much better you can do without increasing your risk or reducing expected return.Did you try this?
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Everbright Digital pair trading
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 Everbright Digital 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 Everbright Digital will appreciate offsetting losses from the drop in the long position's value.Everbright Digital Pair Trading
Everbright Digital Holding Pair Trading Analysis
The ability to find closely correlated positions to Everbright Digital could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Everbright Digital 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 Everbright Digital - 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 Everbright Digital Holding to buy it.
The correlation of Everbright Digital 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 Everbright Digital moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Everbright Digital 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 Everbright Digital 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Everbright Digital Holding. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate. You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
Is Advertising space 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 Everbright Digital. If investors know Everbright 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 Everbright Digital listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share 0.01 | Revenue Per Share | Quarterly Revenue Growth (0.50) | Return On Assets | Return On Equity |
The market value of Everbright Digital is measured differently than its book value, which is the value of Everbright that is recorded on the company's balance sheet. Investors also form their own opinion of Everbright Digital's value that differs from its market value or its book value, called intrinsic value, which is Everbright Digital'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 Everbright Digital's market value can be influenced by many factors that don't directly affect Everbright Digital'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 Everbright Digital's value and its price as these two are different measures arrived at by different means. Investors typically determine if Everbright Digital is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Everbright Digital'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.