Echiquier Major (Germany) Market Value
| 0P0000OQRJ | EUR 416.74 6.22 1.52% |
| Symbol | Echiquier |
Echiquier Major '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 Echiquier Major's fund 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 Echiquier Major.
| 06/24/2024 |
| 12/21/2024 |
If you would invest 0.00 in Echiquier Major on June 24, 2024 and sell it all today you would earn a total of 0.00 from holding Echiquier Major SRI or generate 0.0% return on investment in Echiquier Major over 180 days. Echiquier Major is related to or competes with Echiquier Entrepreneurs, Esfera Robotics, R Co, and IE00B0H4TS55. Echiquier Major is een dynamisch fonds dat prestatie op lange termijn beoogt, door beleggingen op Europese aandeelmarkte... More
Echiquier Major 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 Echiquier Major's fund 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 Echiquier Major SRI upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7682 | |||
| Information Ratio | 0.0185 | |||
| Maximum Drawdown | 3.47 | |||
| Value At Risk | (1.43) | |||
| Potential Upside | 1.15 |
Echiquier Major Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Echiquier Major's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Echiquier Major's standard deviation. In reality, there are many statistical measures that can use Echiquier Major historical prices to predict the future Echiquier Major's volatility.| Risk Adjusted Performance | 0.049 | |||
| Jensen Alpha | 0.0318 | |||
| Total Risk Alpha | 0.0153 | |||
| Sortino Ratio | 0.0174 | |||
| Treynor Ratio | 0.2126 |
Echiquier Major SRI Backtested Returns
As of now, Echiquier Fund is very steady. Echiquier Major SRI secures Sharpe Ratio (or Efficiency) of 0.0671, which denotes the fund had a 0.0671% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Echiquier Major SRI, which you can use to evaluate the volatility of the entity. Please confirm Echiquier Major's Downside Deviation of 0.7682, coefficient of variation of 1583.68, and Mean Deviation of 0.5362 to check if the risk estimate we provide is consistent with the expected return of 0.0475%. The fund shows a Beta (market volatility) of 0.17, which means not very significant fluctuations relative to the market. As returns on the market increase, Echiquier Major's returns are expected to increase less than the market. However, during the bear market, the loss of holding Echiquier Major is expected to be smaller as well.
Auto-correlation | 0.26 |
Poor predictability
Echiquier Major SRI has poor predictability. Overlapping area represents the amount of predictability between Echiquier Major time series from 24th of June 2024 to 22nd of September 2024 and 22nd of September 2024 to 21st of December 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 Echiquier Major SRI price movement. The serial correlation of 0.26 indicates that nearly 26.0% of current Echiquier Major price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.26 | |
| Spearman Rank Test | 0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 36.04 |
Echiquier Major SRI lagged returns against current returns
Autocorrelation, which is Echiquier Major fund'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 Echiquier Major's fund expected returns. We can calculate the autocorrelation of Echiquier Major returns to help us make a trade decision. For example, suppose you find that Echiquier Major has exhibited high autocorrelation historically, and you observe that the fund 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 |
Echiquier Major 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 Echiquier Major fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Echiquier Major fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Echiquier Major fund over time.
Current vs Lagged Prices |
| Timeline |
Echiquier Major Lagged Returns
When evaluating Echiquier Major's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Echiquier Major fund have on its future price. Echiquier Major 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, Echiquier Major autocorrelation shows the relationship between Echiquier Major fund current value and its past values and can show if there is a momentum factor associated with investing in Echiquier Major SRI.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Echiquier Fund
Echiquier Major financial ratios help investors to determine whether Echiquier Fund 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 Echiquier with respect to the benefits of owning Echiquier Major security.
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