Eddy Smart Home Stock Market Value
| EDY Stock | 2.10 0.30 12.50% |
| Symbol | Eddy |
Eddy Smart Home Price To Book Ratio
Eddy Smart '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 Eddy Smart'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 Eddy Smart.
| 07/20/2023 |
| 12/11/2024 |
If you would invest 0.00 in Eddy Smart on July 20, 2023 and sell it all today you would earn a total of 0.00 from holding Eddy Smart Home or generate 0.0% return on investment in Eddy Smart over 510 days. Eddy Smart is related to or competes with Apple, NVIDIA CDR, Microsoft Corp, Amazon CDR, Alphabet, Meta Platforms, and Tesla. Eddy Smart is entity of Canada. It is traded as Stock on V exchange. More
Eddy Smart 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 Eddy Smart'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 Eddy Smart Home upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.22) | |||
| Maximum Drawdown | 26.27 | |||
| Value At Risk | (6.61) | |||
| Potential Upside | 6.56 |
Eddy Smart Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Eddy Smart's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Eddy Smart's standard deviation. In reality, there are many statistical measures that can use Eddy Smart historical prices to predict the future Eddy Smart's volatility.| Risk Adjusted Performance | (0.13) | |||
| Jensen Alpha | (0.66) | |||
| Total Risk Alpha | (1.48) | |||
| Treynor Ratio | 0.6149 |
Eddy Smart Home Backtested Returns
Eddy Smart Home secures Sharpe Ratio (or Efficiency) of -0.21, which denotes the company had a -0.21% return per unit of standard deviation over the last 3 months. Eddy Smart Home exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Eddy Smart's Mean Deviation of 2.54, coefficient of variation of (517.34), and Standard Deviation of 4.17 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -1.33, which means a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Eddy Smart are expected to decrease by larger amounts. On the other hand, during market turmoil, Eddy Smart is expected to outperform it. At this point, Eddy Smart Home has a negative expected return of -0.75%. Please make sure to confirm Eddy Smart's value at risk, and the relationship between the jensen alpha and accumulation distribution , to decide if Eddy Smart Home performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.46 |
Modest reverse predictability
Eddy Smart Home has modest reverse predictability. Overlapping area represents the amount of predictability between Eddy Smart time series from 20th of July 2023 to 31st of March 2024 and 31st of March 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 Eddy Smart Home price movement. The serial correlation of -0.46 indicates that about 46.0% of current Eddy Smart price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.46 | |
| Spearman Rank Test | -0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 0.98 |
Eddy Smart Home lagged returns against current returns
Autocorrelation, which is Eddy Smart 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 Eddy Smart's stock expected returns. We can calculate the autocorrelation of Eddy Smart returns to help us make a trade decision. For example, suppose you find that Eddy Smart 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 |
Eddy Smart 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 Eddy Smart stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Eddy Smart stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Eddy Smart stock over time.
Current vs Lagged Prices |
| Timeline |
Eddy Smart Lagged Returns
When evaluating Eddy Smart's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Eddy Smart stock have on its future price. Eddy Smart 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, Eddy Smart autocorrelation shows the relationship between Eddy Smart stock current value and its past values and can show if there is a momentum factor associated with investing in Eddy Smart Home.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Eddy Stock Analysis
When running Eddy Smart's price analysis, check to measure Eddy Smart'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 Eddy Smart is operating at the current time. Most of Eddy Smart's value examination focuses on studying past and present price action to predict the probability of Eddy Smart's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Eddy Smart's price. Additionally, you may evaluate how the addition of Eddy Smart to your portfolios can decrease your overall portfolio volatility.