Eva Airways (Taiwan) Market Value
| 2618 Stock | TWD 46.20 1.30 2.74% |
| Symbol | Eva |
Eva Airways '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 Eva Airways' 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 Eva Airways.
| 08/19/2023 |
| 12/11/2024 |
If you would invest 0.00 in Eva Airways on August 19, 2023 and sell it all today you would earn a total of 0.00 from holding Eva Airways Corp or generate 0.0% return on investment in Eva Airways over 480 days. Eva Airways is related to or competes with China Airlines, Evergreen Marine, Yang Ming, China Steel, and Cathay Financial. EVA Airways Corp., together with its subsidiaries, engages in the aviation business in Taiwan, Asia, Europe, North Ameri... More
Eva Airways 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 Eva Airways' 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 Eva Airways Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.91 | |||
| Information Ratio | 0.1862 | |||
| Maximum Drawdown | 7.77 | |||
| Value At Risk | (1.46) | |||
| Potential Upside | 2.62 |
Eva Airways Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Eva Airways' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Eva Airways' standard deviation. In reality, there are many statistical measures that can use Eva Airways historical prices to predict the future Eva Airways' volatility.| Risk Adjusted Performance | 0.196 | |||
| Jensen Alpha | 0.4407 | |||
| Total Risk Alpha | 0.159 | |||
| Sortino Ratio | 0.1564 | |||
| Treynor Ratio | (1.73) |
Eva Airways Corp Backtested Returns
Eva Airways appears to be very steady, given 3 months investment horizon. Eva Airways Corp secures Sharpe Ratio (or Efficiency) of 0.27, which denotes the company had a 0.27% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Eva Airways Corp, which you can use to evaluate the volatility of the firm. Please utilize Eva Airways' Downside Deviation of 1.91, mean deviation of 1.07, and Semi Deviation of 1.21 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Eva Airways holds a performance score of 21. The firm shows a Beta (market volatility) of -0.24, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Eva Airways are expected to decrease at a much lower rate. During the bear market, Eva Airways is likely to outperform the market. Please check Eva Airways' semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to make a quick decision on whether Eva Airways' price patterns will revert.
Auto-correlation | -0.19 |
Insignificant reverse predictability
Eva Airways Corp has insignificant reverse predictability. Overlapping area represents the amount of predictability between Eva Airways time series from 19th of August 2023 to 15th of April 2024 and 15th of April 2024 to 11th 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 Eva Airways Corp price movement. The serial correlation of -0.19 indicates that over 19.0% of current Eva Airways price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.19 | |
| Spearman Rank Test | 0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 4.5 |
Eva Airways Corp lagged returns against current returns
Autocorrelation, which is Eva Airways 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 Eva Airways' stock expected returns. We can calculate the autocorrelation of Eva Airways returns to help us make a trade decision. For example, suppose you find that Eva Airways 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 |
Eva Airways 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 Eva Airways stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Eva Airways stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Eva Airways stock over time.
Current vs Lagged Prices |
| Timeline |
Eva Airways Lagged Returns
When evaluating Eva Airways' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Eva Airways stock have on its future price. Eva Airways 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, Eva Airways autocorrelation shows the relationship between Eva Airways stock current value and its past values and can show if there is a momentum factor associated with investing in Eva Airways Corp.
Regressed Prices |
| Timeline |
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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.Additional Tools for Eva Stock Analysis
When running Eva Airways' price analysis, check to measure Eva Airways' 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 Eva Airways is operating at the current time. Most of Eva Airways' value examination focuses on studying past and present price action to predict the probability of Eva Airways' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Eva Airways' price. Additionally, you may evaluate how the addition of Eva Airways to your portfolios can decrease your overall portfolio volatility.