Ecopetrol (Germany) Market Value
| ECHA Stock | 9.42 0.38 4.20% |
| Symbol | Ecopetrol |
Ecopetrol '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 Ecopetrol'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 Ecopetrol.
| 12/18/2024 |
| 03/18/2025 |
If you would invest 0.00 in Ecopetrol on December 18, 2024 and sell it all today you would earn a total of 0.00 from holding Ecopetrol SA or generate 0.0% return on investment in Ecopetrol over 90 days. Ecopetrol is related to or competes with Air Lease, Global Ship, MeVis Medical, WILLIS LEASE, UNITED RENTALS, Lendlease, and GERATHERM MEDICAL. More
Ecopetrol 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 Ecopetrol'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 Ecopetrol SA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.98 | |||
| Information Ratio | 0.1594 | |||
| Maximum Drawdown | 13.76 | |||
| Value At Risk | (4.23) | |||
| Potential Upside | 4.83 |
Ecopetrol Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ecopetrol's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ecopetrol's standard deviation. In reality, there are many statistical measures that can use Ecopetrol historical prices to predict the future Ecopetrol's volatility.| Risk Adjusted Performance | 0.1202 | |||
| Jensen Alpha | 0.3249 | |||
| Total Risk Alpha | 0.6157 | |||
| Sortino Ratio | 0.1437 | |||
| Treynor Ratio | (2.44) |
Ecopetrol SA Backtested Returns
Ecopetrol appears to be somewhat reliable, given 3 months investment horizon. Ecopetrol SA secures Sharpe Ratio (or Efficiency) of 0.16, which denotes the company had a 0.16 % return per unit of risk over the last 3 months. We have found thirty technical indicators for Ecopetrol SA, which you can use to evaluate the volatility of the firm. Please utilize Ecopetrol's Downside Deviation of 2.98, mean deviation of 1.95, and Coefficient Of Variation of 773.44 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Ecopetrol holds a performance score of 12. 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, returns on owning Ecopetrol are expected to decrease at a much lower rate. During the bear market, Ecopetrol is likely to outperform the market. Please check Ecopetrol's total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether Ecopetrol's price patterns will revert.
Auto-correlation | 0.07 |
Virtually no predictability
Ecopetrol SA has virtually no predictability. Overlapping area represents the amount of predictability between Ecopetrol time series from 18th of December 2024 to 1st of February 2025 and 1st of February 2025 to 18th 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 Ecopetrol SA price movement. The serial correlation of 0.07 indicates that barely 7.0% of current Ecopetrol price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.07 | |
| Spearman Rank Test | -0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 0.25 |
Ecopetrol SA lagged returns against current returns
Autocorrelation, which is Ecopetrol 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 Ecopetrol's stock expected returns. We can calculate the autocorrelation of Ecopetrol returns to help us make a trade decision. For example, suppose you find that Ecopetrol 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 |
Ecopetrol 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 Ecopetrol stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ecopetrol stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ecopetrol stock over time.
Current vs Lagged Prices |
| Timeline |
Ecopetrol Lagged Returns
When evaluating Ecopetrol's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ecopetrol stock have on its future price. Ecopetrol 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, Ecopetrol autocorrelation shows the relationship between Ecopetrol stock current value and its past values and can show if there is a momentum factor associated with investing in Ecopetrol SA.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Ecopetrol Stock Analysis
When running Ecopetrol's price analysis, check to measure Ecopetrol'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 Ecopetrol is operating at the current time. Most of Ecopetrol's value examination focuses on studying past and present price action to predict the probability of Ecopetrol's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ecopetrol's price. Additionally, you may evaluate how the addition of Ecopetrol to your portfolios can decrease your overall portfolio volatility.