EcoUp Oyj (Finland) Market Value

ECOUP Stock   1.80  0.04  2.17%   
EcoUp Oyj's market value is the price at which a share of EcoUp Oyj trades on a public exchange. It measures the collective expectations of EcoUp Oyj investors about its performance. EcoUp Oyj is trading at 1.80 as of the 10th of December 2024. This is a 2.17 percent decrease since the beginning of the trading day. The stock's open price was 1.84.
With this module, you can estimate the performance of a buy and hold strategy of EcoUp Oyj and determine expected loss or profit from investing in EcoUp Oyj over a given investment horizon. Check out Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.
Symbol

EcoUp Oyj '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 EcoUp Oyj'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 EcoUp Oyj.
0.00
11/10/2024
No Change 0.00  0.0 
In 31 days
12/10/2024
0.00
If you would invest  0.00  in EcoUp Oyj on November 10, 2024 and sell it all today you would earn a total of 0.00 from holding EcoUp Oyj or generate 0.0% return on investment in EcoUp Oyj over 30 days.

EcoUp Oyj 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 EcoUp Oyj'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 EcoUp Oyj upside and downside potential and time the market with a certain degree of confidence.

EcoUp Oyj Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for EcoUp Oyj's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as EcoUp Oyj's standard deviation. In reality, there are many statistical measures that can use EcoUp Oyj historical prices to predict the future EcoUp Oyj's volatility.

EcoUp Oyj Backtested Returns

EcoUp Oyj secures Sharpe Ratio (or Efficiency) of -0.0157, which denotes the company had a -0.0157% return per unit of risk over the last 3 months. EcoUp Oyj exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm EcoUp Oyj's Variance of 20.49, standard deviation of 4.53, and Mean Deviation of 3.23 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.62, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning EcoUp Oyj are expected to decrease at a much lower rate. During the bear market, EcoUp Oyj is likely to outperform the market. At this point, EcoUp Oyj has a negative expected return of -0.07%. Please make sure to confirm EcoUp Oyj's potential upside, as well as the relationship between the rate of daily change and relative strength index , to decide if EcoUp Oyj performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  0.00  

No correlation between past and present

EcoUp Oyj has no correlation between past and present. Overlapping area represents the amount of predictability between EcoUp Oyj time series from 10th of November 2024 to 25th of November 2024 and 25th of November 2024 to 10th 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 EcoUp Oyj price movement. The serial correlation of 0.0 indicates that just 0.0% of current EcoUp Oyj price fluctuation can be explain by its past prices.
Correlation Coefficient0.0
Spearman Rank Test-0.13
Residual Average0.0
Price Variance0.01

EcoUp Oyj lagged returns against current returns

Autocorrelation, which is EcoUp Oyj 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 EcoUp Oyj's stock expected returns. We can calculate the autocorrelation of EcoUp Oyj returns to help us make a trade decision. For example, suppose you find that EcoUp Oyj 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  

EcoUp Oyj 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 EcoUp Oyj stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if EcoUp Oyj stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in EcoUp Oyj stock over time.
   Current vs Lagged Prices   
       Timeline  

EcoUp Oyj Lagged Returns

When evaluating EcoUp Oyj's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of EcoUp Oyj stock have on its future price. EcoUp Oyj 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, EcoUp Oyj autocorrelation shows the relationship between EcoUp Oyj stock current value and its past values and can show if there is a momentum factor associated with investing in EcoUp Oyj.
   Regressed Prices   
       Timeline  

Also Currently Popular

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.