Electric Car Stock Market Value
| ELCR Stock | USD 0.0001 0.00 0.00% |
| Symbol | Electric |
Electric Car Price To Book Ratio
Is Automobile Manufacturers space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Electric Car. If investors know Electric will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Electric Car listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Electric Car is measured differently than its book value, which is the value of Electric that is recorded on the company's balance sheet. Investors also form their own opinion of Electric Car's value that differs from its market value or its book value, called intrinsic value, which is Electric Car's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Electric Car's market value can be influenced by many factors that don't directly affect Electric Car's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Electric Car's value and its price as these two are different measures arrived at by different means. Investors typically determine if Electric Car is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Electric Car's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Electric Car '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 Electric Car'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 Electric Car.
| 12/06/2024 |
| 01/05/2025 |
If you would invest 0.00 in Electric Car on December 6, 2024 and sell it all today you would earn a total of 0.00 from holding Electric Car or generate 0.0% return on investment in Electric Car over 30 days. Electric Car is related to or competes with Faraday Future, Canoo, Mullen Automotive, Hyzon Motors, Ferrari NV, Toyota, and GM. Electric Car Company, Inc. engages in the manufacture, distribution, and marketing of automobiles, small buses, specialt... More
Electric Car 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 Electric Car'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 Electric Car upside and downside potential and time the market with a certain degree of confidence.
Electric Car Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Electric Car's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Electric Car's standard deviation. In reality, there are many statistical measures that can use Electric Car historical prices to predict the future Electric Car's volatility.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Electric Car's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Electric Car Backtested Returns
We have found three technical indicators for Electric Car, 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 Electric Car are completely uncorrelated.
Auto-correlation | 0.00 |
No correlation between past and present
Electric Car has no correlation between past and present. Overlapping area represents the amount of predictability between Electric Car time series from 6th of December 2024 to 21st of December 2024 and 21st of December 2024 to 5th of January 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 Electric Car price movement. The serial correlation of 0.0 indicates that just 0.0% of current Electric Car price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Electric Car lagged returns against current returns
Autocorrelation, which is Electric Car 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 Electric Car's stock expected returns. We can calculate the autocorrelation of Electric Car returns to help us make a trade decision. For example, suppose you find that Electric Car 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 |
Electric Car 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 Electric Car stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Electric Car stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Electric Car stock over time.
Current vs Lagged Prices |
| Timeline |
Electric Car Lagged Returns
When evaluating Electric Car's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Electric Car stock have on its future price. Electric Car 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, Electric Car autocorrelation shows the relationship between Electric Car stock current value and its past values and can show if there is a momentum factor associated with investing in Electric Car.
Regressed Prices |
| Timeline |
Pair Trading with Electric Car
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 Electric Car 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 Electric Car will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Electric Car could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Electric Car 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 Electric Car - 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 Electric Car to buy it.
The correlation of Electric Car 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 Electric Car moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Electric Car 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 Electric Car 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 Electric Stock Analysis
When running Electric Car's price analysis, check to measure Electric Car'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 Electric Car is operating at the current time. Most of Electric Car's value examination focuses on studying past and present price action to predict the probability of Electric Car's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Electric Car's price. Additionally, you may evaluate how the addition of Electric Car to your portfolios can decrease your overall portfolio volatility.