ELMOS SEMICONDUCTOR (Germany) Market Value
| ELG Stock | EUR 64.60 2.00 3.00% |
| Symbol | ELMOS |
ELMOS SEMICONDUCTOR '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 ELMOS SEMICONDUCTOR'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 ELMOS SEMICONDUCTOR.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in ELMOS SEMICONDUCTOR on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding ELMOS SEMICONDUCTOR or generate 0.0% return on investment in ELMOS SEMICONDUCTOR over 90 days. ELMOS SEMICONDUCTOR is related to or competes with Kaufman Broad, Tradegate, GOLD ROAD, KAUFMAN ET, and FLOW TRADERS. More
ELMOS SEMICONDUCTOR 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 ELMOS SEMICONDUCTOR'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 ELMOS SEMICONDUCTOR upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.24 | |||
| Information Ratio | 0.0445 | |||
| Maximum Drawdown | 17.71 | |||
| Value At Risk | (3.87) | |||
| Potential Upside | 4.91 |
ELMOS SEMICONDUCTOR Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ELMOS SEMICONDUCTOR's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ELMOS SEMICONDUCTOR's standard deviation. In reality, there are many statistical measures that can use ELMOS SEMICONDUCTOR historical prices to predict the future ELMOS SEMICONDUCTOR's volatility.| Risk Adjusted Performance | 0.0136 | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | 0.3491 | |||
| Sortino Ratio | 0.0537 | |||
| Treynor Ratio | (0.02) |
ELMOS SEMICONDUCTOR Backtested Returns
ELMOS SEMICONDUCTOR secures Sharpe Ratio (or Efficiency) of -0.0142, which denotes the company had a -0.0142 % return per unit of risk over the last 3 months. ELMOS SEMICONDUCTOR exposes twenty-seven different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm ELMOS SEMICONDUCTOR's Semi Deviation of 2.14, mean deviation of 1.9, and Downside Deviation of 2.24 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.55, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning ELMOS SEMICONDUCTOR are expected to decrease at a much lower rate. During the bear market, ELMOS SEMICONDUCTOR is likely to outperform the market. At this point, ELMOS SEMICONDUCTOR has a negative expected return of -0.0396%. Please make sure to confirm ELMOS SEMICONDUCTOR's information ratio, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to decide if ELMOS SEMICONDUCTOR performance from the past will be repeated in the future.
Auto-correlation | 0.19 |
Very weak predictability
ELMOS SEMICONDUCTOR has very weak predictability. Overlapping area represents the amount of predictability between ELMOS SEMICONDUCTOR 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 ELMOS SEMICONDUCTOR price movement. The serial correlation of 0.19 indicates that over 19.0% of current ELMOS SEMICONDUCTOR price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.19 | |
| Spearman Rank Test | -0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 2.99 |
ELMOS SEMICONDUCTOR lagged returns against current returns
Autocorrelation, which is ELMOS SEMICONDUCTOR 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 ELMOS SEMICONDUCTOR's stock expected returns. We can calculate the autocorrelation of ELMOS SEMICONDUCTOR returns to help us make a trade decision. For example, suppose you find that ELMOS SEMICONDUCTOR 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 |
ELMOS SEMICONDUCTOR 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 ELMOS SEMICONDUCTOR stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ELMOS SEMICONDUCTOR stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ELMOS SEMICONDUCTOR stock over time.
Current vs Lagged Prices |
| Timeline |
ELMOS SEMICONDUCTOR Lagged Returns
When evaluating ELMOS SEMICONDUCTOR's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ELMOS SEMICONDUCTOR stock have on its future price. ELMOS SEMICONDUCTOR 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, ELMOS SEMICONDUCTOR autocorrelation shows the relationship between ELMOS SEMICONDUCTOR stock current value and its past values and can show if there is a momentum factor associated with investing in ELMOS SEMICONDUCTOR.
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 ELMOS Stock
ELMOS SEMICONDUCTOR financial ratios help investors to determine whether ELMOS 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 ELMOS with respect to the benefits of owning ELMOS SEMICONDUCTOR security.