Edita Food's market value is the price at which a share of Edita Food trades on a public exchange. It measures the collective expectations of Edita Food Industries investors about its performance. Edita Food is trading at 28.90 as of the 15th of December 2024. This is a 0.10 percent increase since the beginning of the trading day. The stock's lowest day price was 28.73. With this module, you can estimate the performance of a buy and hold strategy of Edita Food Industries and determine expected loss or profit from investing in Edita Food 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 board of governors.
Symbol
Edita
Edita Food '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 Edita Food'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 Edita Food.
0.00
10/16/2024
No Change 0.00
0.0
In 2 months and 2 days
12/15/2024
0.00
If you would invest 0.00 in Edita Food on October 16, 2024 and sell it all today you would earn a total of 0.00 from holding Edita Food Industries or generate 0.0% return on investment in Edita Food over 60 days.
Edita Food 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 Edita Food'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 Edita Food Industries upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Edita Food's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Edita Food's standard deviation. In reality, there are many statistical measures that can use Edita Food historical prices to predict the future Edita Food's volatility.
At this point, Edita Food is not too volatile. Edita Food Industries secures Sharpe Ratio (or Efficiency) of 0.0342, which denotes the company had a 0.0342% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Edita Food Industries, which you can use to evaluate the volatility of the firm. Please confirm Edita Food's Downside Deviation of 2.08, coefficient of variation of 2552.48, and Mean Deviation of 1.71 to check if the risk estimate we provide is consistent with the expected return of 0.0938%. Edita Food has a performance score of 2 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.35, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Edita Food are expected to decrease at a much lower rate. During the bear market, Edita Food is likely to outperform the market. Edita Food Industries right now shows a risk of 2.74%. Please confirm Edita Food Industries downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Edita Food Industries will be following its price patterns.
Auto-correlation
0.28
Poor predictability
Edita Food Industries has poor predictability. Overlapping area represents the amount of predictability between Edita Food time series from 16th of October 2024 to 15th of November 2024 and 15th 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 Edita Food Industries price movement. The serial correlation of 0.28 indicates that nearly 28.0% of current Edita Food price fluctuation can be explain by its past prices.
Correlation Coefficient
0.28
Spearman Rank Test
0.21
Residual Average
0.0
Price Variance
0.23
Edita Food Industries lagged returns against current returns
Autocorrelation, which is Edita Food 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 Edita Food's stock expected returns. We can calculate the autocorrelation of Edita Food returns to help us make a trade decision. For example, suppose you find that Edita Food 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
Edita Food 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 Edita Food stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Edita Food stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Edita Food stock over time.
Current vs Lagged Prices
Timeline
Edita Food Lagged Returns
When evaluating Edita Food's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Edita Food stock have on its future price. Edita Food 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, Edita Food autocorrelation shows the relationship between Edita Food stock current value and its past values and can show if there is a momentum factor associated with investing in Edita Food Industries.
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.