Ever Clear (Taiwan) Market Value
| 6624 Stock | TWD 38.35 0.50 1.32% |
| Symbol | Ever |
Ever Clear '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 Ever Clear'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 Ever Clear.
| 09/13/2024 |
| 12/12/2024 |
If you would invest 0.00 in Ever Clear on September 13, 2024 and sell it all today you would earn a total of 0.00 from holding Ever Clear Environmental Eng or generate 0.0% return on investment in Ever Clear over 90 days. Ever Clear is related to or competes with Cleanaway, Sunny Friend, Topco Scientific, and Chailease Holding. Corp. engages in the evaluation, design, construction, and commissioning service of wastewater treatment and organic was... More
Ever Clear 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 Ever Clear'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 Ever Clear Environmental Eng upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.23) | |||
| Maximum Drawdown | 2.2 | |||
| Value At Risk | (0.79) | |||
| Potential Upside | 1.06 |
Ever Clear Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ever Clear's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ever Clear's standard deviation. In reality, there are many statistical measures that can use Ever Clear historical prices to predict the future Ever Clear's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.10) | |||
| Treynor Ratio | 0.237 |
Ever Clear Environme Backtested Returns
At this stage we consider Ever Stock to be very steady. Ever Clear Environme secures Sharpe Ratio (or Efficiency) of 0.0025, which denotes the company had a 0.0025% return per unit of risk over the last 3 months. We have found twenty-four technical indicators for Ever Clear Environmental Eng, which you can use to evaluate the volatility of the firm. Please confirm Ever Clear's Mean Deviation of 0.4001, standard deviation of 0.5572, and Variance of 0.3105 to check if the risk estimate we provide is consistent with the expected return of 0.0013%. The firm shows a Beta (market volatility) of -0.069, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Ever Clear are expected to decrease at a much lower rate. During the bear market, Ever Clear is likely to outperform the market. Ever Clear Environme right now shows a risk of 0.52%. Please confirm Ever Clear Environme market risk adjusted performance, coefficient of variation, jensen alpha, as well as the relationship between the mean deviation and standard deviation , to decide if Ever Clear Environme will be following its price patterns.
Auto-correlation | 0.27 |
Poor predictability
Ever Clear Environmental Eng has poor predictability. Overlapping area represents the amount of predictability between Ever Clear time series from 13th of September 2024 to 28th of October 2024 and 28th of October 2024 to 12th 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 Ever Clear Environme price movement. The serial correlation of 0.27 indicates that nearly 27.0% of current Ever Clear price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.27 | |
| Spearman Rank Test | -0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.15 |
Ever Clear Environme lagged returns against current returns
Autocorrelation, which is Ever Clear 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 Ever Clear's stock expected returns. We can calculate the autocorrelation of Ever Clear returns to help us make a trade decision. For example, suppose you find that Ever Clear 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 |
Ever Clear 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 Ever Clear stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ever Clear stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ever Clear stock over time.
Current vs Lagged Prices |
| Timeline |
Ever Clear Lagged Returns
When evaluating Ever Clear's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ever Clear stock have on its future price. Ever Clear 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, Ever Clear autocorrelation shows the relationship between Ever Clear stock current value and its past values and can show if there is a momentum factor associated with investing in Ever Clear Environmental Eng.
Regressed Prices |
| Timeline |
Pair Trading with Ever Clear
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Ever Clear position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Ever Clear will appreciate offsetting losses from the drop in the long position's value.Moving together with Ever Stock
| 0.64 | 8422 | Cleanaway | PairCorr |
| 0.8 | 6803 | ECOVE Environment Corp | PairCorr |
| 0.74 | 8473 | Forest Water Environ Split | PairCorr |
Moving against Ever Stock
The ability to find closely correlated positions to Ever Clear could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ever Clear when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Ever Clear - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Ever Clear Environmental Eng to buy it.
The correlation of Ever Clear is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Ever Clear moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ever Clear Environme moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Ever Clear can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Ever Stock Analysis
When running Ever Clear's price analysis, check to measure Ever Clear'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 Ever Clear is operating at the current time. Most of Ever Clear's value examination focuses on studying past and present price action to predict the probability of Ever Clear's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ever Clear's price. Additionally, you may evaluate how the addition of Ever Clear to your portfolios can decrease your overall portfolio volatility.