Ekopak BV (Belgium) Market Value
| EKOP Stock | 9.10 0.80 8.08% |
| Symbol | Ekopak |
Ekopak BV '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 Ekopak BV'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 Ekopak BV.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in Ekopak BV on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding Ekopak BV or generate 0.0% return on investment in Ekopak BV over 90 days. Ekopak BV is related to or competes with Xior Student, DIeteren Group, Melexis NV, DEME Group, and Barco NV. More
Ekopak BV 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 Ekopak BV'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 Ekopak BV upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 18.71 | |||
| Value At Risk | (6.43) | |||
| Potential Upside | 3.23 |
Ekopak BV Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ekopak BV's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ekopak BV's standard deviation. In reality, there are many statistical measures that can use Ekopak BV historical prices to predict the future Ekopak BV's volatility.| Risk Adjusted Performance | (0.16) | |||
| Jensen Alpha | (0.55) | |||
| Total Risk Alpha | (0.22) | |||
| Treynor Ratio | (1.25) |
Ekopak BV Backtested Returns
Ekopak BV secures Sharpe Ratio (or Efficiency) of -0.23, which denotes the company had a -0.23 % return per unit of risk over the last 3 months. Ekopak BV exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Ekopak BV's Variance of 9.36, standard deviation of 3.06, and Mean Deviation of 2.12 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.48, which means possible diversification benefits within a given portfolio. As returns on the market increase, Ekopak BV's returns are expected to increase less than the market. However, during the bear market, the loss of holding Ekopak BV is expected to be smaller as well. At this point, Ekopak BV has a negative expected return of -0.71%. Please make sure to confirm Ekopak BV's maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk , to decide if Ekopak BV performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.62 |
Good predictability
Ekopak BV has good predictability. Overlapping area represents the amount of predictability between Ekopak BV time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th 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 Ekopak BV price movement. The serial correlation of 0.62 indicates that roughly 62.0% of current Ekopak BV price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.62 | |
| Spearman Rank Test | 0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 1.01 |
Ekopak BV lagged returns against current returns
Autocorrelation, which is Ekopak BV 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 Ekopak BV's stock expected returns. We can calculate the autocorrelation of Ekopak BV returns to help us make a trade decision. For example, suppose you find that Ekopak BV 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 |
Ekopak BV 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 Ekopak BV stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ekopak BV stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ekopak BV stock over time.
Current vs Lagged Prices |
| Timeline |
Ekopak BV Lagged Returns
When evaluating Ekopak BV's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ekopak BV stock have on its future price. Ekopak BV 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, Ekopak BV autocorrelation shows the relationship between Ekopak BV stock current value and its past values and can show if there is a momentum factor associated with investing in Ekopak BV.
Regressed Prices |
| Timeline |
Pair Trading with Ekopak BV
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 Ekopak BV 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 Ekopak BV will appreciate offsetting losses from the drop in the long position's value.Moving against Ekopak Stock
| 0.72 | COFB | Cofinimmo SA | PairCorr |
| 0.62 | CAMB | Campine | PairCorr |
| 0.45 | SMAR | Smartphoto Group | PairCorr |
| 0.43 | VAN | Van de Velde | PairCorr |
| 0.39 | HOMI | Home Invest Belgium | PairCorr |
The ability to find closely correlated positions to Ekopak BV could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ekopak BV 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 Ekopak BV - 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 Ekopak BV to buy it.
The correlation of Ekopak BV 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 Ekopak BV moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ekopak BV 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 Ekopak BV 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.Additional Tools for Ekopak Stock Analysis
When running Ekopak BV's price analysis, check to measure Ekopak BV'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 Ekopak BV is operating at the current time. Most of Ekopak BV's value examination focuses on studying past and present price action to predict the probability of Ekopak BV's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ekopak BV's price. Additionally, you may evaluate how the addition of Ekopak BV to your portfolios can decrease your overall portfolio volatility.