ECS ICT's market value is the price at which a share of ECS ICT trades on a public exchange. It measures the collective expectations of ECS ICT Bhd investors about its performance. ECS ICT is selling for 3.97 as of the 24th of December 2024. This is a 0.75 percent decrease since the beginning of the trading day. The stock's lowest day price was 3.94. With this module, you can estimate the performance of a buy and hold strategy of ECS ICT Bhd and determine expected loss or profit from investing in ECS ICT over a given investment horizon. Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Symbol
ECS
ECS ICT '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 ECS ICT'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 ECS ICT.
0.00
11/24/2024
No Change 0.00
0.0
In 31 days
12/24/2024
0.00
If you would invest 0.00 in ECS ICT on November 24, 2024 and sell it all today you would earn a total of 0.00 from holding ECS ICT Bhd or generate 0.0% return on investment in ECS ICT over 30 days.
ECS ICT 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 ECS ICT'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 ECS ICT Bhd 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 ECS ICT's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ECS ICT's standard deviation. In reality, there are many statistical measures that can use ECS ICT historical prices to predict the future ECS ICT's volatility.
ECS ICT appears to be moderately volatile, given 3 months investment horizon. ECS ICT Bhd secures Sharpe Ratio (or Efficiency) of 0.18, which denotes the company had a 0.18% return per unit of volatility over the last 3 months. We have found twenty-eight technical indicators for ECS ICT Bhd, which you can use to evaluate the volatility of the entity. Please utilize ECS ICT's Mean Deviation of 1.83, market risk adjusted performance of (0.52), and Downside Deviation of 2.16 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, ECS ICT holds a performance score of 14. The firm shows a Beta (market volatility) of -0.73, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning ECS ICT are expected to decrease at a much lower rate. During the bear market, ECS ICT is likely to outperform the market. Please check ECS ICT's total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether ECS ICT's price patterns will revert.
Auto-correlation
0.23
Weak predictability
ECS ICT Bhd has weak predictability. Overlapping area represents the amount of predictability between ECS ICT time series from 24th of November 2024 to 9th of December 2024 and 9th of December 2024 to 24th 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 ECS ICT Bhd price movement. The serial correlation of 0.23 indicates that over 23.0% of current ECS ICT price fluctuation can be explain by its past prices.
Correlation Coefficient
0.23
Spearman Rank Test
0.25
Residual Average
0.0
Price Variance
0.01
ECS ICT Bhd lagged returns against current returns
Autocorrelation, which is ECS ICT 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 ECS ICT's stock expected returns. We can calculate the autocorrelation of ECS ICT returns to help us make a trade decision. For example, suppose you find that ECS ICT 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
ECS ICT 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 ECS ICT stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ECS ICT stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ECS ICT stock over time.
Current vs Lagged Prices
Timeline
ECS ICT Lagged Returns
When evaluating ECS ICT's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ECS ICT stock have on its future price. ECS ICT 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, ECS ICT autocorrelation shows the relationship between ECS ICT stock current value and its past values and can show if there is a momentum factor associated with investing in ECS ICT Bhd.
Regressed Prices
Timeline
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