Elmos Semiconductor (Germany) Market Value
| ELG Stock | 66.90 2.30 3.56% |
| 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.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Elmos Semiconductor on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Elmos Semiconductor SE or generate 0.0% return on investment in Elmos Semiconductor over 90 days. Elmos Semiconductor is related to or competes with Burlington Stores, X-FAB Silicon, Silicon Motion, Sumitomo Chemical, China BlueChemical, and SEKISUI CHEMICAL. 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 SE upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.91 | |||
| Information Ratio | 0.0546 | |||
| Maximum Drawdown | 17.28 | |||
| Value At Risk | (4.61) | |||
| Potential Upside | 4.27 |
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 | 0.0228 | |||
| Jensen Alpha | 0.0597 | |||
| Total Risk Alpha | 0.3834 | |||
| Sortino Ratio | 0.0513 | |||
| Treynor Ratio | 0.2272 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Elmos Semiconductor'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.
Elmos Semiconductor Backtested Returns
Elmos Semiconductor secures Sharpe Ratio (or Efficiency) of close to zero, which denotes the company had a close to zero % return per unit of risk over the last 3 months. Elmos Semiconductor SE exposes thirty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Elmos Semiconductor's Downside Deviation of 2.91, coefficient of variation of 5436.86, and Mean Deviation of 1.99 to check the risk estimate we provide. 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, Elmos Semiconductor's returns are expected to increase less than the market. However, during the bear market, the loss of holding Elmos Semiconductor is expected to be smaller as well. At this point, Elmos Semiconductor has a negative expected return of -0.0244%. Please make sure to confirm Elmos Semiconductor's sortino ratio, skewness, price action indicator, as well as the relationship between the potential upside and rate of daily change , to decide if Elmos Semiconductor performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.24 |
Weak predictability
Elmos Semiconductor SE has weak predictability. Overlapping area represents the amount of predictability between Elmos Semiconductor time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th 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 0.24 indicates that over 24.0% of current Elmos Semiconductor price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.24 | |
| Spearman Rank Test | -0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 4.49 |
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 SE.
Regressed Prices |
| Timeline |
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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.Additional Tools for Elmos Stock Analysis
When running Elmos Semiconductor's price analysis, check to measure Elmos Semiconductor'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 Elmos Semiconductor is operating at the current time. Most of Elmos Semiconductor's value examination focuses on studying past and present price action to predict the probability of Elmos Semiconductor's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Elmos Semiconductor's price. Additionally, you may evaluate how the addition of Elmos Semiconductor to your portfolios can decrease your overall portfolio volatility.