Edesa Holding (Argentina) Market Value
| EDSH Stock | ARS 490.00 0.00 0.00% |
| Symbol | Edesa |
Edesa Holding '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 Edesa Holding'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 Edesa Holding.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in Edesa Holding on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding Edesa Holding SA or generate 0.0% return on investment in Edesa Holding over 30 days. Edesa Holding is related to or competes with Enel Generacion, United States, Pfizer, Ternium SA, Molinos Agro, and Consultatio. EDESA Holding S.A., through its subsidiaries, operates in the electricity industry More
Edesa Holding 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 Edesa Holding'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 Edesa Holding SA upside and downside potential and time the market with a certain degree of confidence.
Edesa Holding Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Edesa Holding's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Edesa Holding's standard deviation. In reality, there are many statistical measures that can use Edesa Holding historical prices to predict the future Edesa Holding's volatility.Edesa Holding SA Backtested Returns
We have found three technical indicators for Edesa Holding SA, which you can use to evaluate the volatility of the firm. The firm shows a Beta (market volatility) of 0.0, which means not very significant fluctuations relative to the market. the returns on MARKET and Edesa Holding are completely uncorrelated.
Auto-correlation | 0.00 |
No correlation between past and present
Edesa Holding SA has no correlation between past and present. Overlapping area represents the amount of predictability between Edesa Holding time series from 12th of November 2024 to 27th of November 2024 and 27th of November 2024 to 12th 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 Edesa Holding SA price movement. The serial correlation of 0.0 indicates that just 0.0% of current Edesa Holding price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Edesa Holding SA lagged returns against current returns
Autocorrelation, which is Edesa Holding 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 Edesa Holding's stock expected returns. We can calculate the autocorrelation of Edesa Holding returns to help us make a trade decision. For example, suppose you find that Edesa Holding 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 |
Edesa Holding 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 Edesa Holding stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Edesa Holding stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Edesa Holding stock over time.
Current vs Lagged Prices |
| Timeline |
Edesa Holding Lagged Returns
When evaluating Edesa Holding's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Edesa Holding stock have on its future price. Edesa Holding 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, Edesa Holding autocorrelation shows the relationship between Edesa Holding stock current value and its past values and can show if there is a momentum factor associated with investing in Edesa Holding SA.
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.Other Information on Investing in Edesa Stock
Edesa Holding financial ratios help investors to determine whether Edesa 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 Edesa with respect to the benefits of owning Edesa Holding security.