Endocan Corp Stock Market Value
| ENDO Stock | USD 0.0001 0.00 0.00% |
| Symbol | Endocan |
Endocan Corp '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 Endocan Corp's pink sheet 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 Endocan Corp.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in Endocan Corp on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding Endocan Corp or generate 0.0% return on investment in Endocan Corp over 30 days. Endocan Corp is related to or competes with Sherwin Williams, Air Liquide, Air Products, Ecolab, Dupont De, Givaudan, and PPG Industries. Thermic Sciences International develops and sells hemp based products More
Endocan Corp 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 Endocan Corp's pink sheet 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 Endocan Corp upside and downside potential and time the market with a certain degree of confidence.
Endocan Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Endocan Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Endocan Corp's standard deviation. In reality, there are many statistical measures that can use Endocan Corp historical prices to predict the future Endocan Corp's volatility.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Endocan Corp'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.
Endocan Corp Backtested Returns
Endocan Corp is out of control given 3 months investment horizon. Endocan Corp secures Sharpe Ratio (or Efficiency) of 0.11, which denotes the company had a 0.11% return per unit of standard deviation over the last 3 months. We were able to break down four different technical indicators, which can help you to evaluate if expected returns of 14.29% are justified by taking the suggested risk. Use Endocan Corp relative strength index of 51.85, and Day Typical Price of 1.0E-4 to evaluate company specific risk that cannot be diversified away. Endocan Corp holds a performance score of 8 on a scale of zero to a hundred. 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 Endocan Corp are completely uncorrelated. Use Endocan Corp relative strength index , to analyze future returns on Endocan Corp.
Auto-correlation | 0.00 |
No correlation between past and present
Endocan Corp has no correlation between past and present. Overlapping area represents the amount of predictability between Endocan Corp time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 to 4th 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 Endocan Corp price movement. The serial correlation of 0.0 indicates that just 0.0% of current Endocan Corp 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 |
Endocan Corp lagged returns against current returns
Autocorrelation, which is Endocan Corp pink sheet'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 Endocan Corp's pink sheet expected returns. We can calculate the autocorrelation of Endocan Corp returns to help us make a trade decision. For example, suppose you find that Endocan Corp has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Endocan Corp 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 Endocan Corp pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Endocan Corp pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Endocan Corp pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Endocan Corp Lagged Returns
When evaluating Endocan Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Endocan Corp pink sheet have on its future price. Endocan Corp 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, Endocan Corp autocorrelation shows the relationship between Endocan Corp pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Endocan Corp.
Regressed Prices |
| Timeline |
Pair Trading with Endocan Corp
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Endocan Corp position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Endocan Corp will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Endocan Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Endocan Corp when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Endocan Corp - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Endocan Corp to buy it.
The correlation of Endocan Corp is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Endocan Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Endocan Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Endocan Corp can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Endocan Pink Sheet
Endocan Corp financial ratios help investors to determine whether Endocan Pink Sheet is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Endocan with respect to the benefits of owning Endocan Corp security.