ELITE MEAT (Mauritius) Market Value
| ELIT Stock | 1.85 0.00 0.00% |
| Symbol | ELITE |
ELITE MEAT '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 ELITE MEAT'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 ELITE MEAT.
| 11/26/2024 |
| 12/26/2024 |
If you would invest 0.00 in ELITE MEAT on November 26, 2024 and sell it all today you would earn a total of 0.00 from holding ELITE MEAT PROCESSORS or generate 0.0% return on investment in ELITE MEAT over 30 days.
ELITE MEAT 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 ELITE MEAT'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 ELITE MEAT PROCESSORS upside and downside potential and time the market with a certain degree of confidence.
ELITE MEAT Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ELITE MEAT's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ELITE MEAT's standard deviation. In reality, there are many statistical measures that can use ELITE MEAT historical prices to predict the future ELITE MEAT's volatility.ELITE MEAT PROCESSORS Backtested Returns
We have found three technical indicators for ELITE MEAT PROCESSORS, 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 ELITE MEAT are completely uncorrelated.
Auto-correlation | 0.00 |
No correlation between past and present
ELITE MEAT PROCESSORS has no correlation between past and present. Overlapping area represents the amount of predictability between ELITE MEAT time series from 26th of November 2024 to 11th of December 2024 and 11th of December 2024 to 26th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of ELITE MEAT PROCESSORS price movement. The serial correlation of 0.0 indicates that just 0.0% of current ELITE MEAT 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 |
ELITE MEAT PROCESSORS lagged returns against current returns
Autocorrelation, which is ELITE MEAT 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 ELITE MEAT's stock expected returns. We can calculate the autocorrelation of ELITE MEAT returns to help us make a trade decision. For example, suppose you find that ELITE MEAT 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 |
ELITE MEAT 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 ELITE MEAT stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ELITE MEAT stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ELITE MEAT stock over time.
Current vs Lagged Prices |
| Timeline |
ELITE MEAT Lagged Returns
When evaluating ELITE MEAT's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ELITE MEAT stock have on its future price. ELITE MEAT 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, ELITE MEAT autocorrelation shows the relationship between ELITE MEAT stock current value and its past values and can show if there is a momentum factor associated with investing in ELITE MEAT PROCESSORS.
Regressed Prices |
| Timeline |
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