Eastern Michigan Financial Stock Market Value
| EFIN Stock | USD 41.23 0.00 0.00% |
| Symbol | Eastern |
Eastern Michigan '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 Eastern Michigan's pink sheet 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 Eastern Michigan.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Eastern Michigan on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Eastern Michigan Financial or generate 0.0% return on investment in Eastern Michigan over 90 days. Eastern Michigan is related to or competes with Commercial National, Mifflinburg Bancorp, Apollo Bancorp, Community Bankers, FNB, FS Bancorp, and Grand River. Eastern Michigan Financial Corporation operates as the bank holding company for Eastern Michigan Bank that provides reta... More
Eastern Michigan 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 Eastern Michigan's pink sheet 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 Eastern Michigan Financial upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.46 | |||
| Information Ratio | 0.2075 | |||
| Maximum Drawdown | 17.21 | |||
| Value At Risk | (2.52) | |||
| Potential Upside | 2.65 |
Eastern Michigan Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Eastern Michigan's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Eastern Michigan's standard deviation. In reality, there are many statistical measures that can use Eastern Michigan historical prices to predict the future Eastern Michigan's volatility.| Risk Adjusted Performance | 0.1413 | |||
| Jensen Alpha | 0.304 | |||
| Total Risk Alpha | 0.531 | |||
| Sortino Ratio | 0.1154 | |||
| Treynor Ratio | 2.27 |
Eastern Michigan Fin Backtested Returns
Eastern Michigan appears to be very steady, given 3 months investment horizon. Eastern Michigan Fin secures Sharpe Ratio (or Efficiency) of 0.15, which denotes the company had a 0.15 % return per unit of risk over the last 3 months. We have found twenty-five technical indicators for Eastern Michigan Financial, which you can use to evaluate the volatility of the firm. Please utilize Eastern Michigan's Downside Deviation of 3.46, coefficient of variation of 641.04, and Mean Deviation of 1.06 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Eastern Michigan holds a performance score of 11. The firm shows a Beta (market volatility) of 0.13, which means not very significant fluctuations relative to the market. As returns on the market increase, Eastern Michigan's returns are expected to increase less than the market. However, during the bear market, the loss of holding Eastern Michigan is expected to be smaller as well. Please check Eastern Michigan's maximum drawdown, as well as the relationship between the semi variance and rate of daily change , to make a quick decision on whether Eastern Michigan's price patterns will revert.
Auto-correlation | 0.24 |
Weak predictability
Eastern Michigan Financial has weak predictability. Overlapping area represents the amount of predictability between Eastern Michigan time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Eastern Michigan Fin price movement. The serial correlation of 0.24 indicates that over 24.0% of current Eastern Michigan price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.24 | |
| Spearman Rank Test | 0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 0.74 |
Eastern Michigan Fin lagged returns against current returns
Autocorrelation, which is Eastern Michigan pink sheet'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 Eastern Michigan's pink sheet expected returns. We can calculate the autocorrelation of Eastern Michigan returns to help us make a trade decision. For example, suppose you find that Eastern Michigan has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Eastern Michigan 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 Eastern Michigan pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Eastern Michigan pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Eastern Michigan pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Eastern Michigan Lagged Returns
When evaluating Eastern Michigan's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Eastern Michigan pink sheet have on its future price. Eastern Michigan 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, Eastern Michigan autocorrelation shows the relationship between Eastern Michigan pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Eastern Michigan Financial.
Regressed Prices |
| Timeline |
Pair Trading with Eastern Michigan
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Eastern Michigan position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Eastern Michigan will appreciate offsetting losses from the drop in the long position's value.Moving together with Eastern Pink Sheet
| 0.87 | CIHKY | China Merchants Bank Earnings Call This Week | PairCorr |
Moving against Eastern Pink Sheet
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| 0.78 | TLKMF | Telkom Indonesia Tbk | PairCorr |
| 0.76 | PTAIY | Astra International Tbk | PairCorr |
The ability to find closely correlated positions to Eastern Michigan could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Eastern Michigan when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Eastern Michigan - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Eastern Michigan Financial to buy it.
The correlation of Eastern Michigan is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Eastern Michigan moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Eastern Michigan Fin moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Eastern Michigan can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Eastern Pink Sheet
Eastern Michigan financial ratios help investors to determine whether Eastern Pink Sheet 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 Eastern with respect to the benefits of owning Eastern Michigan security.