Ecofin Global (UK) Market Value
| EGL Stock | 193.00 2.00 1.05% |
| Symbol | Ecofin |
Ecofin Global '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 Ecofin Global'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 Ecofin Global.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in Ecofin Global on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding Ecofin Global Utilities or generate 0.0% return on investment in Ecofin Global over 180 days. Ecofin Global is related to or competes with Toyota, SoftBank Group, OTP Bank, Las Vegas, Yum Brands, Digital Realty, and Axon Enterprise. Ecofin Global is entity of United Kingdom More
Ecofin Global 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 Ecofin Global'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 Ecofin Global Utilities upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9025 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 4.44 | |||
| Value At Risk | (1.52) | |||
| Potential Upside | 1.56 |
Ecofin Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ecofin Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ecofin Global's standard deviation. In reality, there are many statistical measures that can use Ecofin Global historical prices to predict the future Ecofin Global's volatility.| Risk Adjusted Performance | 0.0746 | |||
| Jensen Alpha | 0.0552 | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.4307 |
Ecofin Global Utilities Backtested Returns
At this point, Ecofin Global is very steady. Ecofin Global Utilities secures Sharpe Ratio (or Efficiency) of 0.079, which denotes the company had a 0.079% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Ecofin Global Utilities, which you can use to evaluate the volatility of the firm. Please confirm Ecofin Global's Coefficient Of Variation of 1049.22, downside deviation of 0.9025, and Mean Deviation of 0.7246 to check if the risk estimate we provide is consistent with the expected return of 0.0732%. Ecofin Global has a performance score of 6 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.18, which means not very significant fluctuations relative to the market. As returns on the market increase, Ecofin Global's returns are expected to increase less than the market. However, during the bear market, the loss of holding Ecofin Global is expected to be smaller as well. Ecofin Global Utilities right now shows a risk of 0.93%. Please confirm Ecofin Global Utilities maximum drawdown, semi variance, and the relationship between the sortino ratio and potential upside , to decide if Ecofin Global Utilities will be following its price patterns.
Auto-correlation | -0.2 |
Insignificant reverse predictability
Ecofin Global Utilities has insignificant reverse predictability. Overlapping area represents the amount of predictability between Ecofin Global time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 2024 to 30th of November 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 Ecofin Global Utilities price movement. The serial correlation of -0.2 indicates that over 20.0% of current Ecofin Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.2 | |
| Spearman Rank Test | -0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 13.94 |
Ecofin Global Utilities lagged returns against current returns
Autocorrelation, which is Ecofin Global 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 Ecofin Global's stock expected returns. We can calculate the autocorrelation of Ecofin Global returns to help us make a trade decision. For example, suppose you find that Ecofin Global 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 |
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Ecofin Global 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 Ecofin Global stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ecofin Global stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ecofin Global stock over time.
Current vs Lagged Prices |
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Ecofin Global Lagged Returns
When evaluating Ecofin Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ecofin Global stock have on its future price. Ecofin Global 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, Ecofin Global autocorrelation shows the relationship between Ecofin Global stock current value and its past values and can show if there is a momentum factor associated with investing in Ecofin Global Utilities.
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.Other Information on Investing in Ecofin Stock
Ecofin Global financial ratios help investors to determine whether Ecofin 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 Ecofin with respect to the benefits of owning Ecofin Global security.