Environmental Clean (Australia) Market Value
| ECT Stock | 0 0.00 0.00% |
| Symbol | Environmental |
Environmental Clean '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 Environmental Clean'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 Environmental Clean.
| 08/19/2023 |
| 12/11/2024 |
If you would invest 0.00 in Environmental Clean on August 19, 2023 and sell it all today you would earn a total of 0.00 from holding Environmental Clean Technologies or generate 0.0% return on investment in Environmental Clean over 480 days. Environmental Clean is related to or competes with Aneka Tambang, Commonwealth Bank, ANZ Group, National Australia, National Australia, Macquarie, and Commonwealth Bank. Environmental Clean is entity of Australia More
Environmental Clean 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 Environmental Clean'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 Environmental Clean Technologies upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 45.0 |
Environmental Clean Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Environmental Clean's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Environmental Clean's standard deviation. In reality, there are many statistical measures that can use Environmental Clean historical prices to predict the future Environmental Clean's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.41) | |||
| Total Risk Alpha | (1.30) | |||
| Treynor Ratio | 0.7441 |
Environmental Clean Backtested Returns
Currently, Environmental Clean Technologies is out of control. Environmental Clean secures Sharpe Ratio (or Efficiency) of 0.0194, which denotes the company had a 0.0194% return per unit of risk over the last 3 months. We have found seventeen technical indicators for Environmental Clean Technologies, which you can use to evaluate the volatility of the firm. Please confirm Environmental Clean's Standard Deviation of 5.1, variance of 25.96, and Mean Deviation of 1.67 to check if the risk estimate we provide is consistent with the expected return of 0.0781%. Environmental Clean has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.66, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Environmental Clean are expected to decrease at a much lower rate. During the bear market, Environmental Clean is likely to outperform the market. Environmental Clean right now shows a risk of 4.03%. Please confirm Environmental Clean coefficient of variation, variance, and the relationship between the mean deviation and standard deviation , to decide if Environmental Clean will be following its price patterns.
Auto-correlation | 0.35 |
Below average predictability
Environmental Clean Technologies has below average predictability. Overlapping area represents the amount of predictability between Environmental Clean time series from 19th of August 2023 to 15th of April 2024 and 15th of April 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 Environmental Clean price movement. The serial correlation of 0.35 indicates that nearly 35.0% of current Environmental Clean price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.35 | |
| Spearman Rank Test | 0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Environmental Clean lagged returns against current returns
Autocorrelation, which is Environmental Clean 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 Environmental Clean's stock expected returns. We can calculate the autocorrelation of Environmental Clean returns to help us make a trade decision. For example, suppose you find that Environmental Clean 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 |
Environmental Clean 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 Environmental Clean stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Environmental Clean stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Environmental Clean stock over time.
Current vs Lagged Prices |
| Timeline |
Environmental Clean Lagged Returns
When evaluating Environmental Clean's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Environmental Clean stock have on its future price. Environmental Clean 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, Environmental Clean autocorrelation shows the relationship between Environmental Clean stock current value and its past values and can show if there is a momentum factor associated with investing in Environmental Clean Technologies.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Additional Tools for Environmental Stock Analysis
When running Environmental Clean's price analysis, check to measure Environmental Clean's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Environmental Clean is operating at the current time. Most of Environmental Clean's value examination focuses on studying past and present price action to predict the probability of Environmental Clean's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Environmental Clean's price. Additionally, you may evaluate how the addition of Environmental Clean to your portfolios can decrease your overall portfolio volatility.