ELECOM CO (Germany) Market Value
| 9EL Stock | EUR 8.95 0.05 0.56% |
| Symbol | ELECOM |
ELECOM CO '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 ELECOM CO'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 ELECOM CO.
| 12/05/2024 |
| 01/04/2025 |
If you would invest 0.00 in ELECOM CO on December 5, 2024 and sell it all today you would earn a total of 0.00 from holding ELECOM LTD or generate 0.0% return on investment in ELECOM CO over 30 days. ELECOM CO is related to or competes with Check Point, SCOTT TECHNOLOGY, DXC Technology, PRECISION DRILLING, and Vishay Intertechnology. Elecom Co., Ltd. manufactures and sells personal computer and digital device related products worldwide More
ELECOM CO 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 ELECOM CO'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 ELECOM LTD upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.1 | |||
| Information Ratio | 0.0103 | |||
| Maximum Drawdown | 4.68 | |||
| Value At Risk | (1.69) | |||
| Potential Upside | 1.72 |
ELECOM CO Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ELECOM CO's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ELECOM CO's standard deviation. In reality, there are many statistical measures that can use ELECOM CO historical prices to predict the future ELECOM CO's volatility.| Risk Adjusted Performance | 0.0278 | |||
| Jensen Alpha | 0.0214 | |||
| Total Risk Alpha | 0.0071 | |||
| Sortino Ratio | 0.0099 | |||
| Treynor Ratio | 0.1601 |
ELECOM LTD Backtested Returns
At this point, ELECOM CO is not too volatile. ELECOM LTD secures Sharpe Ratio (or Efficiency) of 0.0314, which denotes the company had a 0.0314% return per unit of return volatility over the last 3 months. We have found thirty technical indicators for ELECOM LTD, which you can use to evaluate the volatility of the firm. Please confirm ELECOM CO's mean deviation of 0.8119, and Downside Deviation of 1.1 to check if the risk estimate we provide is consistent with the expected return of 0.0332%. ELECOM CO has a performance score of 2 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.14, which means not very significant fluctuations relative to the market. As returns on the market increase, ELECOM CO's returns are expected to increase less than the market. However, during the bear market, the loss of holding ELECOM CO is expected to be smaller as well. ELECOM LTD at this time shows a risk of 1.06%. Please confirm ELECOM LTD market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to decide if ELECOM LTD will be following its price patterns.
Auto-correlation | 0.10 |
Insignificant predictability
ELECOM LTD has insignificant predictability. Overlapping area represents the amount of predictability between ELECOM CO time series from 5th of December 2024 to 20th of December 2024 and 20th 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 ELECOM LTD price movement. The serial correlation of 0.1 indicates that less than 10.0% of current ELECOM CO price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.1 | |
| Spearman Rank Test | 0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
ELECOM LTD lagged returns against current returns
Autocorrelation, which is ELECOM CO 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 ELECOM CO's stock expected returns. We can calculate the autocorrelation of ELECOM CO returns to help us make a trade decision. For example, suppose you find that ELECOM CO 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 |
ELECOM CO 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 ELECOM CO stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ELECOM CO stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ELECOM CO stock over time.
Current vs Lagged Prices |
| Timeline |
ELECOM CO Lagged Returns
When evaluating ELECOM CO's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ELECOM CO stock have on its future price. ELECOM CO 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, ELECOM CO autocorrelation shows the relationship between ELECOM CO stock current value and its past values and can show if there is a momentum factor associated with investing in ELECOM LTD.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in ELECOM Stock
ELECOM CO financial ratios help investors to determine whether ELECOM Stock 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 ELECOM with respect to the benefits of owning ELECOM CO security.