Ecn Capital Corp Stock Market Value
| ECNCF Stock | USD 2.13 0.07 3.18% |
| Symbol | ECN |
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 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 ECN Capital.
| 10/27/2023 |
| 12/20/2024 |
If you would invest 0.00 in ECN Capital on October 27, 2023 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 420 days. ECN Capital is related to or competes with PennyMac Finl, Velocity Financial, Encore Capital, Greystone Housing, UWM Holdings, Loandepot, and Mr Cooper. ECN Capital Corp. originates, manages, and advises on prime consumer credit portfolios in North America 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 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 ECN Capital Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.12 | |||
| Information Ratio | 0.1388 | |||
| Maximum Drawdown | 28.86 | |||
| Value At Risk | (2.91) | |||
| Potential Upside | 3.73 |
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 | 0.1244 | |||
| Jensen Alpha | 0.5679 | |||
| Total Risk Alpha | 0.4613 | |||
| Sortino Ratio | 0.2594 | |||
| Treynor Ratio | 2.91 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of ECN Capital'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.
ECN Capital Corp Backtested Returns
ECN Capital appears to be very risky, given 3 months investment horizon. ECN Capital Corp secures Sharpe Ratio (or Efficiency) of 0.15, which denotes the company had a 0.15% 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 0.6% is justified by implied risk. Please utilize ECN Capital's Semi Deviation of 1.49, mean deviation of 2.13, and Downside Deviation of 2.12 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 11. The firm shows a Beta (market volatility) of 0.2, which means not very significant fluctuations relative to the market. As returns on the market increase, ECN Capital's returns are expected to increase less than the market. However, during the bear market, the loss of holding ECN Capital is expected to be smaller as well. Please check ECN Capital's downside variance, rate of daily change, and the relationship between the maximum drawdown and skewness , to make a quick decision on whether ECN Capital's price patterns will revert.
Auto-correlation | -0.21 |
Weak reverse predictability
ECN Capital Corp has weak reverse predictability. Overlapping area represents the amount of predictability between ECN Capital time series from 27th of October 2023 to 24th of May 2024 and 24th of May 2024 to 20th 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 ECN Capital Corp price movement. The serial correlation of -0.21 indicates that over 21.0% of current ECN Capital price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.21 | |
| Spearman Rank Test | -0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
ECN Capital Corp lagged returns against current returns
Autocorrelation, which is ECN Capital 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 ECN Capital's pink sheet 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 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 |
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 pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ECN Capital pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ECN Capital pink sheet 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 pink sheet 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 pink sheet 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 |
Currently Active Assets on Macroaxis
Other Information on Investing in ECN Pink Sheet
ECN Capital financial ratios help investors to determine whether ECN Pink Sheet 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.