Ecn Capital Corp Stock Market Value
| ECN Stock | CAD 2.81 0.03 1.08% |
| Symbol | ECN |
ECN Capital Corp Price To Book Ratio
ECN Capital '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 ECN Capital'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 ECN Capital.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in ECN Capital on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding ECN Capital Corp or generate 0.0% return on investment in ECN Capital over 30 days. ECN Capital is related to or competes with Timbercreek Financial, Firm Capital, MCAN Mortgage, First National, and Bridgemarq Real. ECN Capital Corp. originates, manages, and advises on prime consumer credit portfolios primarily in the United States More
ECN Capital 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 ECN Capital'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 ECN Capital Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.08 | |||
| Information Ratio | 0.0855 | |||
| Maximum Drawdown | 27.96 | |||
| Value At Risk | (3.74) | |||
| Potential Upside | 3.45 |
ECN Capital Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ECN Capital's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ECN Capital's standard deviation. In reality, there are many statistical measures that can use ECN Capital historical prices to predict the future ECN Capital's volatility.| Risk Adjusted Performance | 0.1008 | |||
| Jensen Alpha | 0.3423 | |||
| Total Risk Alpha | (0.18) | |||
| Sortino Ratio | 0.1576 | |||
| Treynor Ratio | 0.5149 |
ECN Capital Corp Backtested Returns
ECN Capital appears to be unstable, given 3 months investment horizon. ECN Capital Corp secures Sharpe Ratio (or Efficiency) of 0.13, which denotes the company had a 0.13% return per unit of risk over the last 3 months. By analyzing ECN Capital's technical indicators, you can evaluate if the expected return of 0.52% is justified by implied risk. Please utilize ECN Capital's Mean Deviation of 1.94, semi deviation of 1.65, and Downside Deviation of 2.08 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, ECN Capital holds a performance score of 10. The firm shows a Beta (market volatility) of 0.88, which means possible diversification benefits within a given portfolio. ECN Capital returns are very sensitive to returns on the market. As the market goes up or down, ECN Capital is expected to follow. Please check ECN Capital's total risk alpha, downside variance, daily balance of power, as well as the relationship between the maximum drawdown and skewness , to make a quick decision on whether ECN Capital's price patterns will revert.
Auto-correlation | -0.58 |
Good reverse predictability
ECN Capital Corp has good reverse predictability. Overlapping area represents the amount of predictability between ECN Capital time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th of November 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 ECN Capital Corp price movement. The serial correlation of -0.58 indicates that roughly 58.0% of current ECN Capital price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.58 | |
| Spearman Rank Test | -0.77 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
ECN Capital Corp lagged returns against current returns
Autocorrelation, which is ECN Capital 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 ECN Capital's stock expected returns. We can calculate the autocorrelation of ECN Capital returns to help us make a trade decision. For example, suppose you find that ECN Capital 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 |
ECN Capital 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 ECN Capital stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ECN Capital stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ECN Capital stock over time.
Current vs Lagged Prices |
| Timeline |
ECN Capital Lagged Returns
When evaluating ECN Capital's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ECN Capital stock have on its future price. ECN Capital 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, ECN Capital autocorrelation shows the relationship between ECN Capital stock current value and its past values and can show if there is a momentum factor associated with investing in ECN Capital Corp.
Regressed Prices |
| Timeline |
Pair Trading with ECN Capital
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 ECN Capital 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 ECN Capital will appreciate offsetting losses from the drop in the long position's value.Moving together with ECN Stock
Moving against ECN Stock
| 0.64 | AQN | Algonquin Power Utilities | PairCorr |
| 0.61 | T | Telus Corp | PairCorr |
| 0.48 | TD | Toronto Dominion Bank Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to ECN Capital could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ECN Capital 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 ECN Capital - 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 ECN Capital Corp to buy it.
The correlation of ECN Capital 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 ECN Capital moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ECN Capital Corp 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 ECN Capital 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 ECN Stock
ECN Capital financial ratios help investors to determine whether ECN 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 ECN with respect to the benefits of owning ECN Capital security.