Ecosynthetix Stock Market Value
| ECO Stock | CAD 4.55 0.08 1.79% |
| Symbol | EcoSynthetix |
EcoSynthetix '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 EcoSynthetix'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 EcoSynthetix.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in EcoSynthetix on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding EcoSynthetix or generate 0.0% return on investment in EcoSynthetix over 90 days. EcoSynthetix is related to or competes with DIRTT Environmental, 5N Plus, Colabor, and TeraGo. EcoSynthetix Inc., a renewable chemicals company, develops and commercializes bio-based technologies that are used as re... More
EcoSynthetix 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 EcoSynthetix'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 EcoSynthetix upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.52 | |||
| Information Ratio | 0.1138 | |||
| Maximum Drawdown | 12.47 | |||
| Value At Risk | (3.25) | |||
| Potential Upside | 4.08 |
EcoSynthetix Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for EcoSynthetix's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as EcoSynthetix's standard deviation. In reality, there are many statistical measures that can use EcoSynthetix historical prices to predict the future EcoSynthetix's volatility.| Risk Adjusted Performance | 0.0702 | |||
| Jensen Alpha | 0.1128 | |||
| Total Risk Alpha | 0.4751 | |||
| Sortino Ratio | 0.1103 | |||
| Treynor Ratio | (0.33) |
EcoSynthetix Backtested Returns
As of now, EcoSynthetix Stock is slightly risky. EcoSynthetix secures Sharpe Ratio (or Efficiency) of 0.0733, which denotes the company had a 0.0733 % return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for EcoSynthetix, which you can use to evaluate the volatility of the firm. Please confirm EcoSynthetix's Mean Deviation of 1.81, downside deviation of 2.52, and Coefficient Of Variation of 1364.98 to check if the risk estimate we provide is consistent with the expected return of 0.18%. EcoSynthetix has a performance score of 5 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.52, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning EcoSynthetix are expected to decrease at a much lower rate. During the bear market, EcoSynthetix is likely to outperform the market. EcoSynthetix right now shows a risk of 2.44%. Please confirm EcoSynthetix downside variance, daily balance of power, and the relationship between the maximum drawdown and skewness , to decide if EcoSynthetix will be following its price patterns.
Auto-correlation | 0.26 |
Poor predictability
EcoSynthetix has poor predictability. Overlapping area represents the amount of predictability between EcoSynthetix time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th 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 EcoSynthetix price movement. The serial correlation of 0.26 indicates that nearly 26.0% of current EcoSynthetix price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.26 | |
| Spearman Rank Test | 0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 0.1 |
EcoSynthetix lagged returns against current returns
Autocorrelation, which is EcoSynthetix 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 EcoSynthetix's stock expected returns. We can calculate the autocorrelation of EcoSynthetix returns to help us make a trade decision. For example, suppose you find that EcoSynthetix 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 |
EcoSynthetix 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 EcoSynthetix stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if EcoSynthetix stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in EcoSynthetix stock over time.
Current vs Lagged Prices |
| Timeline |
EcoSynthetix Lagged Returns
When evaluating EcoSynthetix's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of EcoSynthetix stock have on its future price. EcoSynthetix 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, EcoSynthetix autocorrelation shows the relationship between EcoSynthetix stock current value and its past values and can show if there is a momentum factor associated with investing in EcoSynthetix.
Regressed Prices |
| Timeline |
Other Information on Investing in EcoSynthetix Stock
EcoSynthetix financial ratios help investors to determine whether EcoSynthetix 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 EcoSynthetix with respect to the benefits of owning EcoSynthetix security.