Edita Food (UK) Market Value
| EFID Stock | 2.00 0.00 0.00% |
| 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.
| 11/03/2024 |
| 12/03/2024 |
If you would invest 0.00 in Edita Food on November 3, 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 30 days. Edita Food is related to or competes with Lindsell Train, Coor Service, Litigation Capital, Roebuck Food, Broadridge Financial, and Bell Food. Edita Food is entity of United Kingdom. It is traded as Stock on LSE exchange. More
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.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 34.14 |
Edita Food Market Risk Indicators
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.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | 0.0153 | |||
| Total Risk Alpha | (0.77) | |||
| Treynor Ratio | 0.1078 |
Edita Food Industries Backtested Returns
Edita Food Industries secures Sharpe Ratio (or Efficiency) of -0.0726, which denotes the company had a -0.0726% return per unit of risk over the last 3 months. Edita Food Industries exposes seventeen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Edita Food's Standard Deviation of 3.42, mean deviation of 0.7931, and Variance of 11.69 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -2.36, which means a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Edita Food are expected to decrease by larger amounts. On the other hand, during market turmoil, Edita Food is expected to outperform it. At this point, Edita Food Industries has a negative expected return of -0.25%. Please make sure to confirm Edita Food's standard deviation, information ratio, maximum drawdown, as well as the relationship between the variance and jensen alpha , to decide if Edita Food Industries performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.62 |
Very good reverse predictability
Edita Food Industries has very good reverse predictability. Overlapping area represents the amount of predictability between Edita Food time series from 3rd of November 2024 to 18th of November 2024 and 18th of November 2024 to 3rd 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 -0.62 indicates that roughly 62.0% of current Edita Food price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.62 | |
| Spearman Rank Test | 0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
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 |
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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.Additional Tools for Edita Stock Analysis
When running Edita Food's price analysis, check to measure Edita Food'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 Edita Food is operating at the current time. Most of Edita Food's value examination focuses on studying past and present price action to predict the probability of Edita Food's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Edita Food's price. Additionally, you may evaluate how the addition of Edita Food to your portfolios can decrease your overall portfolio volatility.