Elec Tech's market value is the price at which a share of Elec Tech trades on a public exchange. It measures the collective expectations of Elec Tech International Co investors about its performance. Elec Tech is trading at 1.68 as of the 4th of January 2025, a 3.07 percent increase since the beginning of the trading day. The stock's open price was 1.63. With this module, you can estimate the performance of a buy and hold strategy of Elec Tech International Co and determine expected loss or profit from investing in Elec Tech over a given investment horizon. Check out Elec Tech Correlation, Elec Tech Volatility and Elec Tech Alpha and Beta module to complement your research on Elec Tech.
Please note, there is a significant difference between Elec Tech's value and its price as these two are different measures arrived at by different means. Investors typically determine if Elec Tech is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Elec Tech'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.
Elec Tech '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 Elec Tech'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 Elec Tech.
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11/05/2024
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In 2 months and 2 days
01/04/2025
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If you would invest 0.00 in Elec Tech on November 5, 2024 and sell it all today you would earn a total of 0.00 from holding Elec Tech International Co or generate 0.0% return on investment in Elec Tech over 60 days. Elec Tech is related to or competes with China Life, Cinda Securities, Piotech, Dongxing Sec, Shanghai OPM, National Silicon, and China Molybdenum. Elec Tech is entity of China. It is traded as Stock on SHE exchange. More
Elec Tech 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 Elec Tech'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 Elec Tech International Co upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Elec Tech's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Elec Tech's standard deviation. In reality, there are many statistical measures that can use Elec Tech historical prices to predict the future Elec Tech's volatility.
Elec Tech appears to be very risky, given 3 months investment horizon. Elec Tech International secures Sharpe Ratio (or Efficiency) of 0.12, which denotes the company had a 0.12% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Elec Tech International Co, which you can use to evaluate the volatility of the firm. Please utilize Elec Tech's Coefficient Of Variation of 830.48, downside deviation of 3.17, and Mean Deviation of 2.59 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Elec Tech holds a performance score of 9. The firm shows a Beta (market volatility) of 0.0188, which means not very significant fluctuations relative to the market. As returns on the market increase, Elec Tech's returns are expected to increase less than the market. However, during the bear market, the loss of holding Elec Tech is expected to be smaller as well. Please check Elec Tech's downside deviation, information ratio, and the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Elec Tech's price patterns will revert.
Auto-correlation
-0.59
Good reverse predictability
Elec Tech International Co has good reverse predictability. Overlapping area represents the amount of predictability between Elec Tech time series from 5th of November 2024 to 5th of December 2024 and 5th of December 2024 to 4th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Elec Tech International price movement. The serial correlation of -0.59 indicates that roughly 59.0% of current Elec Tech price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.59
Spearman Rank Test
-0.48
Residual Average
0.0
Price Variance
0.03
Elec Tech International lagged returns against current returns
Autocorrelation, which is Elec Tech 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 Elec Tech's stock expected returns. We can calculate the autocorrelation of Elec Tech returns to help us make a trade decision. For example, suppose you find that Elec Tech 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
Elec Tech 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 Elec Tech stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Elec Tech stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Elec Tech stock over time.
Current vs Lagged Prices
Timeline
Elec Tech Lagged Returns
When evaluating Elec Tech's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Elec Tech stock have on its future price. Elec Tech 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, Elec Tech autocorrelation shows the relationship between Elec Tech stock current value and its past values and can show if there is a momentum factor associated with investing in Elec Tech International Co.
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.
Elec Tech financial ratios help investors to determine whether Elec 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 Elec with respect to the benefits of owning Elec Tech security.