Erste Group Bank Stock Market Value
| EBKDY Stock | USD 30.87 0.77 2.56% |
| Symbol | Erste |
Erste Group '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 Erste Group's pink sheet 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 Erste Group.
| 12/26/2022 |
| 12/15/2024 |
If you would invest 0.00 in Erste Group on December 26, 2022 and sell it all today you would earn a total of 0.00 from holding Erste Group Bank or generate 0.0% return on investment in Erste Group over 720 days. Erste Group is related to or competes with Morningstar Unconstrained, Bondbloxx ETF, Spring Valley, Bondbloxx ETF, First Physicians, CarMax, and SEI Investments. Erste Group Bank AG provides a range of banking and other financial services to retail, corporate, real estate, and publ... More
Erste Group 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 Erste Group's pink sheet 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 Erste Group Bank upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.29 | |||
| Information Ratio | 0.0896 | |||
| Maximum Drawdown | 9.98 | |||
| Value At Risk | (2.12) | |||
| Potential Upside | 2.56 |
Erste Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Erste Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Erste Group's standard deviation. In reality, there are many statistical measures that can use Erste Group historical prices to predict the future Erste Group's volatility.| Risk Adjusted Performance | 0.1168 | |||
| Jensen Alpha | 0.2577 | |||
| Total Risk Alpha | 0.0359 | |||
| Sortino Ratio | 0.1087 | |||
| Treynor Ratio | (0.75) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Erste Group's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Erste Group Bank Backtested Returns
Erste Group appears to be very steady, given 3 months investment horizon. Erste Group Bank secures Sharpe Ratio (or Efficiency) of 0.14, which denotes the company had a 0.14% return per unit of risk over the last 3 months. We have found thirty technical indicators for Erste Group Bank, which you can use to evaluate the volatility of the firm. Please utilize Erste Group's Downside Deviation of 1.29, coefficient of variation of 650.75, and Mean Deviation of 1.16 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Erste Group holds a performance score of 10. The firm shows a Beta (market volatility) of -0.31, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Erste Group are expected to decrease at a much lower rate. During the bear market, Erste Group is likely to outperform the market. Please check Erste Group's skewness, and the relationship between the value at risk and day median price , to make a quick decision on whether Erste Group's price patterns will revert.
Auto-correlation | 0.62 |
Good predictability
Erste Group Bank has good predictability. Overlapping area represents the amount of predictability between Erste Group time series from 26th of December 2022 to 21st of December 2023 and 21st of December 2023 to 15th 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 Erste Group Bank price movement. The serial correlation of 0.62 indicates that roughly 62.0% of current Erste Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.62 | |
| Spearman Rank Test | 0.57 | |
| Residual Average | 0.0 | |
| Price Variance | 9.79 |
Erste Group Bank lagged returns against current returns
Autocorrelation, which is Erste Group pink sheet'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 Erste Group's pink sheet expected returns. We can calculate the autocorrelation of Erste Group returns to help us make a trade decision. For example, suppose you find that Erste Group has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Erste Group 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 Erste Group pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Erste Group pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Erste Group pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Erste Group Lagged Returns
When evaluating Erste Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Erste Group pink sheet have on its future price. Erste Group 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, Erste Group autocorrelation shows the relationship between Erste Group pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Erste Group Bank.
Regressed Prices |
| Timeline |
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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.Additional Tools for Erste Pink Sheet Analysis
When running Erste Group's price analysis, check to measure Erste Group'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 Erste Group is operating at the current time. Most of Erste Group's value examination focuses on studying past and present price action to predict the probability of Erste Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Erste Group's price. Additionally, you may evaluate how the addition of Erste Group to your portfolios can decrease your overall portfolio volatility.