Else Nutrition Holdings Stock Market Value
| BABY Stock | 0.02 0 14.29% |
| Symbol | Else |
Else Nutrition Holdings Price To Book Ratio
Else Nutrition '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 Else Nutrition'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 Else Nutrition.
| 04/15/2024 |
| 01/10/2025 |
If you would invest 0.00 in Else Nutrition on April 15, 2024 and sell it all today you would earn a total of 0.00 from holding Else Nutrition Holdings or generate 0.0% return on investment in Else Nutrition over 270 days. Else Nutrition is entity of Canada. It is traded as Stock on TO exchange. More
Else Nutrition 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 Else Nutrition'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 Else Nutrition Holdings upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 125.0 | |||
| Value At Risk | (20.00) | |||
| Potential Upside | 14.29 |
Else Nutrition Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Else Nutrition's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Else Nutrition's standard deviation. In reality, there are many statistical measures that can use Else Nutrition historical prices to predict the future Else Nutrition's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.53) | |||
| Total Risk Alpha | (0.87) | |||
| Treynor Ratio | (3.96) |
Else Nutrition Holdings Backtested Returns
Else Nutrition Holdings secures Sharpe Ratio (or Efficiency) of -0.0127, which denotes the company had a -0.0127% return per unit of risk over the last 3 months. Else Nutrition Holdings exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Else Nutrition's Variance of 233.16, mean deviation of 6.14, and Standard Deviation of 15.27 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.13, which means not very significant fluctuations relative to the market. As returns on the market increase, Else Nutrition's returns are expected to increase less than the market. However, during the bear market, the loss of holding Else Nutrition is expected to be smaller as well. At this point, Else Nutrition Holdings has a negative expected return of -0.2%. Please make sure to confirm Else Nutrition's total risk alpha, maximum drawdown, skewness, as well as the relationship between the treynor ratio and potential upside , to decide if Else Nutrition Holdings performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.77 |
Good predictability
Else Nutrition Holdings has good predictability. Overlapping area represents the amount of predictability between Else Nutrition time series from 15th of April 2024 to 28th of August 2024 and 28th of August 2024 to 10th 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 Else Nutrition Holdings price movement. The serial correlation of 0.77 indicates that around 77.0% of current Else Nutrition price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.77 | |
| Spearman Rank Test | 0.78 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Else Nutrition Holdings lagged returns against current returns
Autocorrelation, which is Else Nutrition 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 Else Nutrition's stock expected returns. We can calculate the autocorrelation of Else Nutrition returns to help us make a trade decision. For example, suppose you find that Else Nutrition 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 |
Else Nutrition 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 Else Nutrition stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Else Nutrition stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Else Nutrition stock over time.
Current vs Lagged Prices |
| Timeline |
Else Nutrition Lagged Returns
When evaluating Else Nutrition's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Else Nutrition stock have on its future price. Else Nutrition 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, Else Nutrition autocorrelation shows the relationship between Else Nutrition stock current value and its past values and can show if there is a momentum factor associated with investing in Else Nutrition Holdings.
Regressed Prices |
| Timeline |
Pair Trading with Else Nutrition
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 Else Nutrition 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 Else Nutrition will appreciate offsetting losses from the drop in the long position's value.Moving together with Else Stock
Moving against Else Stock
The ability to find closely correlated positions to Else Nutrition could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Else Nutrition 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 Else Nutrition - 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 Else Nutrition Holdings to buy it.
The correlation of Else Nutrition 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 Else Nutrition moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Else Nutrition Holdings 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 Else Nutrition 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.Other Information on Investing in Else Stock
Else Nutrition financial ratios help investors to determine whether Else 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 Else with respect to the benefits of owning Else Nutrition security.