Egyptian International (Egypt) Market Value
| EITP Stock | 13.76 0.00 0.00% |
| Symbol | Egyptian |
Egyptian International '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 Egyptian International'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 Egyptian International.
| 12/25/2023 |
| 12/19/2024 |
If you would invest 0.00 in Egyptian International on December 25, 2023 and sell it all today you would earn a total of 0.00 from holding Egyptian International Tourism or generate 0.0% return on investment in Egyptian International over 360 days.
Egyptian International 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 Egyptian International'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 Egyptian International Tourism upside and downside potential and time the market with a certain degree of confidence.
Egyptian International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Egyptian International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Egyptian International's standard deviation. In reality, there are many statistical measures that can use Egyptian International historical prices to predict the future Egyptian International's volatility.Egyptian International Backtested Returns
We have found three technical indicators for Egyptian International Tourism, which you can use to evaluate the volatility of the firm. The firm shows a Beta (market volatility) of 0.0, which means not very significant fluctuations relative to the market. the returns on MARKET and Egyptian International are completely uncorrelated.
Auto-correlation | 1.00 |
Perfect predictability
Egyptian International Tourism has perfect predictability. Overlapping area represents the amount of predictability between Egyptian International time series from 25th of December 2023 to 22nd of June 2024 and 22nd of June 2024 to 19th 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 Egyptian International price movement. The serial correlation of 1.0 indicates that 100.0% of current Egyptian International price fluctuation can be explain by its past prices.
| Correlation Coefficient | 1.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Egyptian International lagged returns against current returns
Autocorrelation, which is Egyptian International 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 Egyptian International's stock expected returns. We can calculate the autocorrelation of Egyptian International returns to help us make a trade decision. For example, suppose you find that Egyptian International 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 |
Egyptian International 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 Egyptian International stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Egyptian International stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Egyptian International stock over time.
Current vs Lagged Prices |
| Timeline |
Egyptian International Lagged Returns
When evaluating Egyptian International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Egyptian International stock have on its future price. Egyptian International 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, Egyptian International autocorrelation shows the relationship between Egyptian International stock current value and its past values and can show if there is a momentum factor associated with investing in Egyptian International Tourism.
Regressed Prices |
| Timeline |