Eco Atlantic Oil Stock Market Value
| EOG Stock | CAD 0.18 0.01 5.26% |
| Symbol | Eco |
Eco Atlantic Oil Price To Book Ratio
Eco Atlantic '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 Eco Atlantic'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 Eco Atlantic.
| 11/03/2024 |
| 12/03/2024 |
If you would invest 0.00 in Eco Atlantic on November 3, 2024 and sell it all today you would earn a total of 0.00 from holding Eco Atlantic Oil or generate 0.0% return on investment in Eco Atlantic over 30 days. Eco Atlantic is related to or competes with CGX Energy, Africa Oil, Valeura Energy, and Hemisphere Energy. Eco Oil Gas Ltd., a development stage company, engages in the identification, acquisition, exploration, and development ... More
Eco Atlantic 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 Eco Atlantic'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 Eco Atlantic Oil upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.1) | |||
| Maximum Drawdown | 17.42 | |||
| Value At Risk | (5.56) | |||
| Potential Upside | 5.88 |
Eco Atlantic Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Eco Atlantic's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Eco Atlantic's standard deviation. In reality, there are many statistical measures that can use Eco Atlantic historical prices to predict the future Eco Atlantic's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.17) | |||
| Total Risk Alpha | (0.80) | |||
| Treynor Ratio | 0.3968 |
Eco Atlantic Oil Backtested Returns
Eco Atlantic Oil secures Sharpe Ratio (or Efficiency) of -0.0964, which denotes the company had a -0.0964% return per unit of risk over the last 3 months. Eco Atlantic Oil exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Eco Atlantic's Standard Deviation of 3.73, mean deviation of 2.42, and Variance of 13.95 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.62, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Eco Atlantic are expected to decrease at a much lower rate. During the bear market, Eco Atlantic is likely to outperform the market. At this point, Eco Atlantic Oil has a negative expected return of -0.33%. Please make sure to confirm Eco Atlantic's value at risk, as well as the relationship between the accumulation distribution and day typical price , to decide if Eco Atlantic Oil performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.68 |
Very good reverse predictability
Eco Atlantic Oil has very good reverse predictability. Overlapping area represents the amount of predictability between Eco Atlantic time series from 3rd of November 2024 to 18th of November 2024 and 18th of November 2024 to 3rd 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 Eco Atlantic Oil price movement. The serial correlation of -0.68 indicates that around 68.0% of current Eco Atlantic price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.68 | |
| Spearman Rank Test | -0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Eco Atlantic Oil lagged returns against current returns
Autocorrelation, which is Eco Atlantic 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 Eco Atlantic's stock expected returns. We can calculate the autocorrelation of Eco Atlantic returns to help us make a trade decision. For example, suppose you find that Eco Atlantic 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 |
Eco Atlantic 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 Eco Atlantic stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Eco Atlantic stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Eco Atlantic stock over time.
Current vs Lagged Prices |
| Timeline |
Eco Atlantic Lagged Returns
When evaluating Eco Atlantic's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Eco Atlantic stock have on its future price. Eco Atlantic 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, Eco Atlantic autocorrelation shows the relationship between Eco Atlantic stock current value and its past values and can show if there is a momentum factor associated with investing in Eco Atlantic Oil.
Regressed Prices |
| Timeline |
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Additional Tools for Eco Stock Analysis
When running Eco Atlantic's price analysis, check to measure Eco Atlantic'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 Eco Atlantic is operating at the current time. Most of Eco Atlantic's value examination focuses on studying past and present price action to predict the probability of Eco Atlantic's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Eco Atlantic's price. Additionally, you may evaluate how the addition of Eco Atlantic to your portfolios can decrease your overall portfolio volatility.