Elvalhalcor Hellenic (Greece) Market Value
| ELHA Stock | 2.16 0.03 1.41% |
| Symbol | Elvalhalcor |
Elvalhalcor Hellenic '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 Elvalhalcor Hellenic'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 Elvalhalcor Hellenic.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in Elvalhalcor Hellenic on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding Elvalhalcor Hellenic Copper or generate 0.0% return on investment in Elvalhalcor Hellenic over 90 days. Elvalhalcor Hellenic is related to or competes with Cenergy Holdings, Mytilineos, Viohalco, Motor Oil, and Hellenic Petroleum. More
Elvalhalcor Hellenic 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 Elvalhalcor Hellenic'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 Elvalhalcor Hellenic Copper upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.11 | |||
| Information Ratio | 0.152 | |||
| Maximum Drawdown | 11.96 | |||
| Value At Risk | (2.74) | |||
| Potential Upside | 3.33 |
Elvalhalcor Hellenic Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Elvalhalcor Hellenic's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Elvalhalcor Hellenic's standard deviation. In reality, there are many statistical measures that can use Elvalhalcor Hellenic historical prices to predict the future Elvalhalcor Hellenic's volatility.| Risk Adjusted Performance | 0.0921 | |||
| Jensen Alpha | 0.1695 | |||
| Total Risk Alpha | 0.415 | |||
| Sortino Ratio | 0.1365 | |||
| Treynor Ratio | (2.21) |
Elvalhalcor Hellenic Backtested Returns
Currently, Elvalhalcor Hellenic Copper is relatively risky. Elvalhalcor Hellenic secures Sharpe Ratio (or Efficiency) of 0.0945, which denotes the company had a 0.0945 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Elvalhalcor Hellenic Copper, which you can use to evaluate the volatility of the firm. Please confirm Elvalhalcor Hellenic's Coefficient Of Variation of 1003.91, downside deviation of 2.11, and Mean Deviation of 1.32 to check if the risk estimate we provide is consistent with the expected return of 0.18%. Elvalhalcor Hellenic has a performance score of 7 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.0807, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Elvalhalcor Hellenic are expected to decrease at a much lower rate. During the bear market, Elvalhalcor Hellenic is likely to outperform the market. Elvalhalcor Hellenic right now shows a risk of 1.9%. Please confirm Elvalhalcor Hellenic maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk , to decide if Elvalhalcor Hellenic will be following its price patterns.
Auto-correlation | 0.73 |
Good predictability
Elvalhalcor Hellenic Copper has good predictability. Overlapping area represents the amount of predictability between Elvalhalcor Hellenic 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 Elvalhalcor Hellenic price movement. The serial correlation of 0.73 indicates that around 73.0% of current Elvalhalcor Hellenic price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.73 | |
| Spearman Rank Test | 0.46 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Elvalhalcor Hellenic lagged returns against current returns
Autocorrelation, which is Elvalhalcor Hellenic 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 Elvalhalcor Hellenic's stock expected returns. We can calculate the autocorrelation of Elvalhalcor Hellenic returns to help us make a trade decision. For example, suppose you find that Elvalhalcor Hellenic 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 |
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Elvalhalcor Hellenic 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 Elvalhalcor Hellenic stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Elvalhalcor Hellenic stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Elvalhalcor Hellenic stock over time.
Current vs Lagged Prices |
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Elvalhalcor Hellenic Lagged Returns
When evaluating Elvalhalcor Hellenic's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Elvalhalcor Hellenic stock have on its future price. Elvalhalcor Hellenic 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, Elvalhalcor Hellenic autocorrelation shows the relationship between Elvalhalcor Hellenic stock current value and its past values and can show if there is a momentum factor associated with investing in Elvalhalcor Hellenic Copper.
Regressed Prices |
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Additional Tools for Elvalhalcor Stock Analysis
When running Elvalhalcor Hellenic's price analysis, check to measure Elvalhalcor Hellenic'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 Elvalhalcor Hellenic is operating at the current time. Most of Elvalhalcor Hellenic's value examination focuses on studying past and present price action to predict the probability of Elvalhalcor Hellenic's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Elvalhalcor Hellenic's price. Additionally, you may evaluate how the addition of Elvalhalcor Hellenic to your portfolios can decrease your overall portfolio volatility.