Eternal Energy (Thailand) Market Value
| EE Stock | THB 0.58 0.02 3.57% |
| Symbol | Eternal |
Eternal Energy '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 Eternal Energy'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 Eternal Energy.
| 11/15/2024 |
| 12/15/2024 |
If you would invest 0.00 in Eternal Energy on November 15, 2024 and sell it all today you would earn a total of 0.00 from holding Eternal Energy Public or generate 0.0% return on investment in Eternal Energy over 30 days. Eternal Energy is related to or competes with Bangchak Public, IRPC Public, PTT Exploration, and PTG Energy. Eternal Energy Public Company Limited engages in the cassava plantation activities in Thailand More
Eternal Energy 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 Eternal Energy'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 Eternal Energy Public upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 8.52 | |||
| Information Ratio | 0.2577 | |||
| Maximum Drawdown | 44.68 | |||
| Value At Risk | (6.25) | |||
| Potential Upside | 30.56 |
Eternal Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Eternal Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Eternal Energy's standard deviation. In reality, there are many statistical measures that can use Eternal Energy historical prices to predict the future Eternal Energy's volatility.| Risk Adjusted Performance | 0.2036 | |||
| Jensen Alpha | 2.75 | |||
| Total Risk Alpha | 1.38 | |||
| Sortino Ratio | 0.2916 | |||
| Treynor Ratio | (1.32) |
Eternal Energy Public Backtested Returns
Eternal Energy is out of control given 3 months investment horizon. Eternal Energy Public secures Sharpe Ratio (or Efficiency) of 0.25, which denotes the company had a 0.25% return per unit of risk over the last 3 months. We have analyzed twenty-nine different technical indicators, which can help you to evaluate if expected returns of 2.42% are justified by taking the suggested risk. Use Eternal Energy Downside Deviation of 8.52, mean deviation of 6.39, and Coefficient Of Variation of 373.03 to evaluate company specific risk that cannot be diversified away. Eternal Energy holds a performance score of 19 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of -1.95, which means a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Eternal Energy are expected to decrease by larger amounts. On the other hand, during market turmoil, Eternal Energy is expected to outperform it. Use Eternal Energy total risk alpha, value at risk, and the relationship between the standard deviation and treynor ratio , to analyze future returns on Eternal Energy.
Auto-correlation | -0.29 |
Weak reverse predictability
Eternal Energy Public has weak reverse predictability. Overlapping area represents the amount of predictability between Eternal Energy time series from 15th of November 2024 to 30th of November 2024 and 30th of November 2024 to 15th 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 Eternal Energy Public price movement. The serial correlation of -0.29 indicates that nearly 29.0% of current Eternal Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.29 | |
| Spearman Rank Test | 0.62 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Eternal Energy Public lagged returns against current returns
Autocorrelation, which is Eternal Energy 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 Eternal Energy's stock expected returns. We can calculate the autocorrelation of Eternal Energy returns to help us make a trade decision. For example, suppose you find that Eternal Energy 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 |
Eternal Energy 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 Eternal Energy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Eternal Energy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Eternal Energy stock over time.
Current vs Lagged Prices |
| Timeline |
Eternal Energy Lagged Returns
When evaluating Eternal Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Eternal Energy stock have on its future price. Eternal Energy 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, Eternal Energy autocorrelation shows the relationship between Eternal Energy stock current value and its past values and can show if there is a momentum factor associated with investing in Eternal Energy Public.
Regressed Prices |
| Timeline |
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Eternal Energy financial ratios help investors to determine whether Eternal 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 Eternal with respect to the benefits of owning Eternal Energy security.