Eco Oil (UK) Market Value
| ECO Stock | 10.25 0.55 5.67% |
| Symbol | Eco |
Eco Oil '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 Eco Oil'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 Eco Oil.
| 11/11/2024 |
| 12/11/2024 |
If you would invest 0.00 in Eco Oil on November 11, 2024 and sell it all today you would earn a total of 0.00 from holding Eco Oil Gas or generate 0.0% return on investment in Eco Oil over 30 days. Eco Oil is related to or competes with Lindsell Train, Virgin Wines, Sabre Insurance, UNIQA Insurance, Arrow Electronics, Zurich Insurance, and Ecclesiastical Insurance. Eco Oil is entity of United Kingdom. It is traded as Stock on LSE exchange. More
Eco Oil 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 Eco Oil'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 Eco Oil Gas upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 14.14 | |||
| Value At Risk | (4.76) | |||
| Potential Upside | 4.55 |
Eco Oil Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Eco Oil's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Eco Oil's standard deviation. In reality, there are many statistical measures that can use Eco Oil historical prices to predict the future Eco Oil's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.36) | |||
| Total Risk Alpha | (0.73) | |||
| Treynor Ratio | (0.83) |
Eco Oil Gas Backtested Returns
Eco Oil Gas secures Sharpe Ratio (or Efficiency) of -0.0517, which denotes the company had a -0.0517% return per unit of risk over the last 3 months. Eco Oil Gas exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Eco Oil's Mean Deviation of 1.87, standard deviation of 2.64, and Variance of 6.99 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.38, which means possible diversification benefits within a given portfolio. As returns on the market increase, Eco Oil's returns are expected to increase less than the market. However, during the bear market, the loss of holding Eco Oil is expected to be smaller as well. At this point, Eco Oil Gas has a negative expected return of -0.14%. Please make sure to confirm Eco Oil's treynor ratio, skewness, rate of daily change, as well as the relationship between the value at risk and accumulation distribution , to decide if Eco Oil Gas performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.39 |
Poor reverse predictability
Eco Oil Gas has poor reverse predictability. Overlapping area represents the amount of predictability between Eco Oil time series from 11th of November 2024 to 26th of November 2024 and 26th of November 2024 to 11th 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 Eco Oil Gas price movement. The serial correlation of -0.39 indicates that just about 39.0% of current Eco Oil price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.39 | |
| Spearman Rank Test | -0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Eco Oil Gas lagged returns against current returns
Autocorrelation, which is Eco Oil 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 Eco Oil's stock expected returns. We can calculate the autocorrelation of Eco Oil returns to help us make a trade decision. For example, suppose you find that Eco Oil 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 |
Eco Oil 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 Eco Oil stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Eco Oil stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Eco Oil stock over time.
Current vs Lagged Prices |
| Timeline |
Eco Oil Lagged Returns
When evaluating Eco Oil's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Eco Oil stock have on its future price. Eco Oil 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, Eco Oil autocorrelation shows the relationship between Eco Oil stock current value and its past values and can show if there is a momentum factor associated with investing in Eco Oil Gas.
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.Other Information on Investing in Eco Stock
Eco Oil financial ratios help investors to determine whether Eco 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 Eco with respect to the benefits of owning Eco Oil security.