Ecofin Global Water Market Value
| EBLUDelisted Etf | USD 48.18 0.26 0.54% |
| Symbol | Ecofin |
Ecofin Global '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 Ecofin Global's etf 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 Ecofin Global.
| 12/22/2024 |
| 03/22/2025 |
If you would invest 0.00 in Ecofin Global on December 22, 2024 and sell it all today you would earn a total of 0.00 from holding Ecofin Global Water or generate 0.0% return on investment in Ecofin Global over 90 days. Ecofin Global is related to or competes with First Trust, Global X, Invesco SP, Invesco Global, and VanEck Environmental. The fund will normally invest at least 80 percent of its net assets, plus the amount of any borrowings for investment pu... More
Ecofin Global 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 Ecofin Global's etf 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 Ecofin Global Water upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 3.45 | |||
| Value At Risk | (1.02) | |||
| Potential Upside | 1.2 |
Ecofin Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ecofin Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ecofin Global's standard deviation. In reality, there are many statistical measures that can use Ecofin Global historical prices to predict the future Ecofin Global's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.02) | |||
| Treynor Ratio | (1.26) |
Ecofin Global Water Backtested Returns
Currently, Ecofin Global Water is very steady. Ecofin Global Water secures Sharpe Ratio (or Efficiency) of 0.0416, which denotes the etf had a 0.0416 % return per unit of risk over the last 3 months. We have found twenty-three technical indicators for Ecofin Global Water, which you can use to evaluate the volatility of the entity. Please confirm Ecofin Global's Standard Deviation of 0.8504, variance of 0.7232, and Mean Deviation of 0.6403 to check if the risk estimate we provide is consistent with the expected return of 0.0316%. The etf shows a Beta (market volatility) of 0.0634, which means not very significant fluctuations relative to the market. As returns on the market increase, Ecofin Global's returns are expected to increase less than the market. However, during the bear market, the loss of holding Ecofin Global is expected to be smaller as well.
Auto-correlation | 0.26 |
Poor predictability
Ecofin Global Water has poor predictability. Overlapping area represents the amount of predictability between Ecofin Global time series from 22nd of December 2024 to 5th of February 2025 and 5th of February 2025 to 22nd of March 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 Ecofin Global Water price movement. The serial correlation of 0.26 indicates that nearly 26.0% of current Ecofin Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.26 | |
| Spearman Rank Test | 0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 0.19 |
Ecofin Global Water lagged returns against current returns
Autocorrelation, which is Ecofin Global etf'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 Ecofin Global's etf expected returns. We can calculate the autocorrelation of Ecofin Global returns to help us make a trade decision. For example, suppose you find that Ecofin Global has exhibited high autocorrelation historically, and you observe that the etf 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 |
Ecofin Global 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 Ecofin Global etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ecofin Global etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ecofin Global etf over time.
Current vs Lagged Prices |
| Timeline |
Ecofin Global Lagged Returns
When evaluating Ecofin Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ecofin Global etf have on its future price. Ecofin Global 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, Ecofin Global autocorrelation shows the relationship between Ecofin Global etf current value and its past values and can show if there is a momentum factor associated with investing in Ecofin Global Water.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Check out Ecofin Global Correlation, Ecofin Global Volatility and Ecofin Global Alpha and Beta module to complement your research on Ecofin Global. You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
Other Consideration for investing in Ecofin Etf
If you are still planning to invest in Ecofin Global Water check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Ecofin Global's history and understand the potential risks before investing.
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