Elong Power Holding Stock Market Value
| ELPW Stock | 1.12 0.05 4.67% |
| Symbol | Elong |
Is Electrical Equipment space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Elong Power. If investors know Elong will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Elong Power listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Elong Power Holding is measured differently than its book value, which is the value of Elong that is recorded on the company's balance sheet. Investors also form their own opinion of Elong Power's value that differs from its market value or its book value, called intrinsic value, which is Elong Power's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Elong Power's market value can be influenced by many factors that don't directly affect Elong Power's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Elong Power's value and its price as these two are different measures arrived at by different means. Investors typically determine if Elong Power is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Elong Power's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Elong Power '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 Elong Power'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 Elong Power.
| 11/15/2024 |
| 12/15/2024 |
If you would invest 0.00 in Elong Power on November 15, 2024 and sell it all today you would earn a total of 0.00 from holding Elong Power Holding or generate 0.0% return on investment in Elong Power over 30 days. Elong Power is related to or competes with Bloom Energy, Electrovaya Common, Enovix Corp, Eos Energy, Sunrise New, and FuelCell Energy. Elong Power is entity of United States. It is traded as Stock on NASDAQ exchange. More
Elong Power 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 Elong Power'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 Elong Power Holding upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.22) | |||
| Maximum Drawdown | 109.81 | |||
| Value At Risk | (14.74) | |||
| Potential Upside | 8.18 |
Elong Power Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Elong Power's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Elong Power's standard deviation. In reality, there are many statistical measures that can use Elong Power historical prices to predict the future Elong Power's volatility.| Risk Adjusted Performance | (0.15) | |||
| Jensen Alpha | (2.36) | |||
| Total Risk Alpha | (3.95) | |||
| Treynor Ratio | 1.51 |
Elong Power Holding Backtested Returns
Elong Power Holding secures Sharpe Ratio (or Efficiency) of -0.22, which denotes the company had a -0.22% return per unit of risk over the last 3 months. Elong Power Holding exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Elong Power's Variance of 135.22, standard deviation of 11.63, and Mean Deviation of 6.27 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -1.66, which means a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Elong Power are expected to decrease by larger amounts. On the other hand, during market turmoil, Elong Power is expected to outperform it. At this point, Elong Power Holding has a negative expected return of -2.54%. Please make sure to confirm Elong Power's jensen alpha, skewness, as well as the relationship between the Skewness and day typical price , to decide if Elong Power Holding performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.61 |
Good predictability
Elong Power Holding has good predictability. Overlapping area represents the amount of predictability between Elong Power time series from 15th of November 2024 to 30th of November 2024 and 30th of November 2024 to 15th 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 Elong Power Holding price movement. The serial correlation of 0.61 indicates that roughly 61.0% of current Elong Power price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.61 | |
| Spearman Rank Test | 0.44 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Elong Power Holding lagged returns against current returns
Autocorrelation, which is Elong Power 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 Elong Power's stock expected returns. We can calculate the autocorrelation of Elong Power returns to help us make a trade decision. For example, suppose you find that Elong Power 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 |
Elong Power 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 Elong Power stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Elong Power stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Elong Power stock over time.
Current vs Lagged Prices |
| Timeline |
Elong Power Lagged Returns
When evaluating Elong Power's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Elong Power stock have on its future price. Elong Power 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, Elong Power autocorrelation shows the relationship between Elong Power stock current value and its past values and can show if there is a momentum factor associated with investing in Elong Power Holding.
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 Elong Stock Analysis
When running Elong Power's price analysis, check to measure Elong Power'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 Elong Power is operating at the current time. Most of Elong Power's value examination focuses on studying past and present price action to predict the probability of Elong Power's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Elong Power's price. Additionally, you may evaluate how the addition of Elong Power to your portfolios can decrease your overall portfolio volatility.