Ecclesiastical Insurance (UK) Market Value
| ELLA Stock | 131.50 1.50 1.13% |
| Symbol | Ecclesiastical |
Ecclesiastical Insurance '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 Ecclesiastical Insurance'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 Ecclesiastical Insurance.
| 11/20/2024 |
| 12/20/2024 |
If you would invest 0.00 in Ecclesiastical Insurance on November 20, 2024 and sell it all today you would earn a total of 0.00 from holding Ecclesiastical Insurance Office or generate 0.0% return on investment in Ecclesiastical Insurance over 30 days. Ecclesiastical Insurance is related to or competes with Advanced Medical, Aberdeen Diversified, Bankers Investment, Fresenius Medical, Scandinavian Tobacco, Coor Service, and Tatton Asset. More
Ecclesiastical Insurance 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 Ecclesiastical Insurance'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 Ecclesiastical Insurance Office upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.61 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 6.87 | |||
| Value At Risk | (1.46) | |||
| Potential Upside | 1.15 |
Ecclesiastical Insurance Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ecclesiastical Insurance's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ecclesiastical Insurance's standard deviation. In reality, there are many statistical measures that can use Ecclesiastical Insurance historical prices to predict the future Ecclesiastical Insurance's volatility.| Risk Adjusted Performance | 0.0032 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | (0.71) |
Ecclesiastical Insurance Backtested Returns
Currently, Ecclesiastical Insurance Office is very steady. Ecclesiastical Insurance secures Sharpe Ratio (or Efficiency) of 0.0026, which denotes the company had a 0.0026% return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for Ecclesiastical Insurance Office, which you can use to evaluate the volatility of the firm. Please confirm Ecclesiastical Insurance's Mean Deviation of 0.4488, semi deviation of 0.7837, and Downside Deviation of 1.61 to check if the risk estimate we provide is consistent with the expected return of 0.0023%. The firm shows a Beta (market volatility) of 0.0109, which means not very significant fluctuations relative to the market. As returns on the market increase, Ecclesiastical Insurance's returns are expected to increase less than the market. However, during the bear market, the loss of holding Ecclesiastical Insurance is expected to be smaller as well. Ecclesiastical Insurance right now shows a risk of 0.9%. Please confirm Ecclesiastical Insurance downside deviation, standard deviation, and the relationship between the semi deviation and coefficient of variation , to decide if Ecclesiastical Insurance will be following its price patterns.
Auto-correlation | 0.19 |
Very weak predictability
Ecclesiastical Insurance Office has very weak predictability. Overlapping area represents the amount of predictability between Ecclesiastical Insurance time series from 20th of November 2024 to 5th of December 2024 and 5th of December 2024 to 20th 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 Ecclesiastical Insurance price movement. The serial correlation of 0.19 indicates that over 19.0% of current Ecclesiastical Insurance price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.19 | |
| Spearman Rank Test | 0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 0.6 |
Ecclesiastical Insurance lagged returns against current returns
Autocorrelation, which is Ecclesiastical Insurance 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 Ecclesiastical Insurance's stock expected returns. We can calculate the autocorrelation of Ecclesiastical Insurance returns to help us make a trade decision. For example, suppose you find that Ecclesiastical Insurance 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 |
Ecclesiastical Insurance 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 Ecclesiastical Insurance stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ecclesiastical Insurance stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ecclesiastical Insurance stock over time.
Current vs Lagged Prices |
| Timeline |
Ecclesiastical Insurance Lagged Returns
When evaluating Ecclesiastical Insurance's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ecclesiastical Insurance stock have on its future price. Ecclesiastical Insurance 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, Ecclesiastical Insurance autocorrelation shows the relationship between Ecclesiastical Insurance stock current value and its past values and can show if there is a momentum factor associated with investing in Ecclesiastical Insurance Office.
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.Additional Tools for Ecclesiastical Stock Analysis
When running Ecclesiastical Insurance's price analysis, check to measure Ecclesiastical Insurance'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 Ecclesiastical Insurance is operating at the current time. Most of Ecclesiastical Insurance's value examination focuses on studying past and present price action to predict the probability of Ecclesiastical Insurance's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ecclesiastical Insurance's price. Additionally, you may evaluate how the addition of Ecclesiastical Insurance to your portfolios can decrease your overall portfolio volatility.