Entourage Health Corp Stock Market Value
| ETRGF Stock | USD 0.01 0 25.00% |
| Symbol | Entourage |
Entourage Health '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 Entourage Health'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 Entourage Health.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in Entourage Health on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding Entourage Health Corp or generate 0.0% return on investment in Entourage Health over 720 days. Entourage Health is related to or competes with Genomma Lab. Entourage Health Corp. engages in the production and distribution of cannabis products for medical and adult-use markets... More
Entourage Health 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 Entourage Health'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 Entourage Health Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 14.84 | |||
| Information Ratio | 0.0352 | |||
| Maximum Drawdown | 112.65 | |||
| Value At Risk | (25.93) | |||
| Potential Upside | 36.67 |
Entourage Health Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Entourage Health's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Entourage Health's standard deviation. In reality, there are many statistical measures that can use Entourage Health historical prices to predict the future Entourage Health's volatility.| Risk Adjusted Performance | 0.0421 | |||
| Jensen Alpha | 0.5724 | |||
| Total Risk Alpha | (2.33) | |||
| Sortino Ratio | 0.0443 | |||
| Treynor Ratio | 0.4714 |
Entourage Health Corp Backtested Returns
Entourage Health appears to be out of control, given 3 months investment horizon. Entourage Health Corp secures Sharpe Ratio (or Efficiency) of 0.0405, which denotes the company had a 0.0405% return per unit of risk over the last 3 months. By reviewing Entourage Health's technical indicators, you can evaluate if the expected return of 0.76% is justified by implied risk. Please utilize Entourage Health's Coefficient Of Variation of 2350.97, mean deviation of 11.73, and Downside Deviation of 14.84 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Entourage Health holds a performance score of 3. The firm shows a Beta (market volatility) of 1.66, which means a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Entourage Health will likely underperform. Please check Entourage Health's maximum drawdown and the relationship between the semi variance and day typical price , to make a quick decision on whether Entourage Health's price patterns will revert.
Auto-correlation | 0.41 |
Average predictability
Entourage Health Corp has average predictability. Overlapping area represents the amount of predictability between Entourage Health time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 to 2nd 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 Entourage Health Corp price movement. The serial correlation of 0.41 indicates that just about 41.0% of current Entourage Health price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.41 | |
| Spearman Rank Test | 0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Entourage Health Corp lagged returns against current returns
Autocorrelation, which is Entourage Health 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 Entourage Health's pink sheet expected returns. We can calculate the autocorrelation of Entourage Health returns to help us make a trade decision. For example, suppose you find that Entourage Health 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 |
Entourage Health 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 Entourage Health pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Entourage Health pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Entourage Health pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Entourage Health Lagged Returns
When evaluating Entourage Health's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Entourage Health pink sheet have on its future price. Entourage Health 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, Entourage Health autocorrelation shows the relationship between Entourage Health pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Entourage Health Corp.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Entourage Pink Sheet
Entourage Health financial ratios help investors to determine whether Entourage 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 Entourage with respect to the benefits of owning Entourage Health security.