Ericsson Nikola (Croatia) Market Value
| ERNT Stock | 182.50 1.00 0.55% |
| Symbol | Ericsson |
Ericsson Nikola '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 Ericsson Nikola'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 Ericsson Nikola.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Ericsson Nikola on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Ericsson Nikola Tesla or generate 0.0% return on investment in Ericsson Nikola over 30 days.
Ericsson Nikola 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 Ericsson Nikola'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 Ericsson Nikola Tesla upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.20) | |||
| Maximum Drawdown | 7.09 | |||
| Value At Risk | (1.06) | |||
| Potential Upside | 0.8021 |
Ericsson Nikola Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ericsson Nikola's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ericsson Nikola's standard deviation. In reality, there are many statistical measures that can use Ericsson Nikola historical prices to predict the future Ericsson Nikola's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.19) | |||
| Treynor Ratio | (6.28) |
Ericsson Nikola Tesla Backtested Returns
Ericsson Nikola Tesla secures Sharpe Ratio (or Efficiency) of -0.0563, which denotes the company had a -0.0563% return per unit of risk over the last 3 months. Ericsson Nikola Tesla exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Ericsson Nikola's Variance of 0.7201, mean deviation of 0.4975, and Standard Deviation of 0.8486 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.0092, which means not very significant fluctuations relative to the market. As returns on the market increase, Ericsson Nikola's returns are expected to increase less than the market. However, during the bear market, the loss of holding Ericsson Nikola is expected to be smaller as well. At this point, Ericsson Nikola Tesla has a negative expected return of -0.0478%. Please make sure to confirm Ericsson Nikola's standard deviation, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if Ericsson Nikola Tesla performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.23 |
Weak predictability
Ericsson Nikola Tesla has weak predictability. Overlapping area represents the amount of predictability between Ericsson Nikola time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th of November 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 Ericsson Nikola Tesla price movement. The serial correlation of 0.23 indicates that over 23.0% of current Ericsson Nikola price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.23 | |
| Spearman Rank Test | -0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 0.67 |
Ericsson Nikola Tesla lagged returns against current returns
Autocorrelation, which is Ericsson Nikola 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 Ericsson Nikola's stock expected returns. We can calculate the autocorrelation of Ericsson Nikola returns to help us make a trade decision. For example, suppose you find that Ericsson Nikola 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 |
Ericsson Nikola 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 Ericsson Nikola stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ericsson Nikola stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ericsson Nikola stock over time.
Current vs Lagged Prices |
| Timeline |
Ericsson Nikola Lagged Returns
When evaluating Ericsson Nikola's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ericsson Nikola stock have on its future price. Ericsson Nikola 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, Ericsson Nikola autocorrelation shows the relationship between Ericsson Nikola stock current value and its past values and can show if there is a momentum factor associated with investing in Ericsson Nikola Tesla.
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 Ericsson Stock Analysis
When running Ericsson Nikola's price analysis, check to measure Ericsson Nikola'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 Ericsson Nikola is operating at the current time. Most of Ericsson Nikola's value examination focuses on studying past and present price action to predict the probability of Ericsson Nikola's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ericsson Nikola's price. Additionally, you may evaluate how the addition of Ericsson Nikola to your portfolios can decrease your overall portfolio volatility.