Eastech Holding's market value is the price at which a share of Eastech Holding trades on a public exchange. It measures the collective expectations of Eastech Holding Limited investors about its performance. Eastech Holding is selling for under 124.50 as of the 4th of January 2025; that is 1.63 percent increase since the beginning of the trading day. The stock's lowest day price was 122.5. With this module, you can estimate the performance of a buy and hold strategy of Eastech Holding Limited and determine expected loss or profit from investing in Eastech Holding over a given investment horizon. Check out Eastech Holding Correlation, Eastech Holding Volatility and Eastech Holding Alpha and Beta module to complement your research on Eastech Holding.
Please note, there is a significant difference between Eastech Holding's value and its price as these two are different measures arrived at by different means. Investors typically determine if Eastech Holding is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Eastech Holding'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.
Eastech Holding '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 Eastech Holding'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 Eastech Holding.
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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 Eastech Holding on November 5, 2024 and sell it all today you would earn a total of 0.00 from holding Eastech Holding Limited or generate 0.0% return on investment in Eastech Holding over 60 days. Eastech Holding is related to or competes with Zhen Ding, Unic Technology, and Xinhua Winshare. Eastech Holding Limited, together with its subsidiaries, manufactures and sells speaker systems and earphones in Cayman ... More
Eastech Holding 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 Eastech Holding'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 Eastech Holding Limited 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 Eastech Holding's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Eastech Holding's standard deviation. In reality, there are many statistical measures that can use Eastech Holding historical prices to predict the future Eastech Holding's volatility.
Eastech Holding secures Sharpe Ratio (or Efficiency) of -0.0042, which denotes the company had a -0.0042% return per unit of risk over the last 3 months. Eastech Holding Limited exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Eastech Holding's Variance of 4.44, mean deviation of 1.57, and Standard Deviation of 2.11 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.67, which means possible diversification benefits within a given portfolio. As returns on the market increase, Eastech Holding's returns are expected to increase less than the market. However, during the bear market, the loss of holding Eastech Holding is expected to be smaller as well. At this point, Eastech Holding has a negative expected return of -0.0089%. Please make sure to confirm Eastech Holding's total risk alpha, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to decide if Eastech Holding performance from the past will be repeated at some point in the near future.
Auto-correlation
-0.36
Poor reverse predictability
Eastech Holding Limited has poor reverse predictability. Overlapping area represents the amount of predictability between Eastech Holding 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 Eastech Holding price movement. The serial correlation of -0.36 indicates that just about 36.0% of current Eastech Holding price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.36
Spearman Rank Test
0.03
Residual Average
0.0
Price Variance
5.56
Eastech Holding lagged returns against current returns
Autocorrelation, which is Eastech Holding 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 Eastech Holding's stock expected returns. We can calculate the autocorrelation of Eastech Holding returns to help us make a trade decision. For example, suppose you find that Eastech Holding 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
Eastech Holding 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 Eastech Holding stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Eastech Holding stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Eastech Holding stock over time.
Current vs Lagged Prices
Timeline
Eastech Holding Lagged Returns
When evaluating Eastech Holding's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Eastech Holding stock have on its future price. Eastech Holding 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, Eastech Holding autocorrelation shows the relationship between Eastech Holding stock current value and its past values and can show if there is a momentum factor associated with investing in Eastech Holding Limited.
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.
When running Eastech Holding's price analysis, check to measure Eastech Holding's 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 Eastech Holding is operating at the current time. Most of Eastech Holding's value examination focuses on studying past and present price action to predict the probability of Eastech Holding's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Eastech Holding's price. Additionally, you may evaluate how the addition of Eastech Holding to your portfolios can decrease your overall portfolio volatility.