Evergen Infrastructure Corp Stock Market Value
| EVGN Stock | 1.65 0.03 1.79% |
| Symbol | EverGen |
EverGen Infrastructure Price To Book Ratio
EverGen Infrastructure '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 EverGen Infrastructure'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 EverGen Infrastructure.
| 12/09/2023 |
| 12/03/2024 |
If you would invest 0.00 in EverGen Infrastructure on December 9, 2023 and sell it all today you would earn a total of 0.00 from holding EverGen Infrastructure Corp or generate 0.0% return on investment in EverGen Infrastructure over 360 days. EverGen Infrastructure is related to or competes with Tidewater Renewables, Anaergia, Tidewater Midstream, and Green Impact. EverGen Infrastructure is entity of Canada More
EverGen Infrastructure 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 EverGen Infrastructure'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 EverGen Infrastructure Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.34) | |||
| Maximum Drawdown | 10.04 | |||
| Value At Risk | (4.08) | |||
| Potential Upside | 2.94 |
EverGen Infrastructure Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for EverGen Infrastructure's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as EverGen Infrastructure's standard deviation. In reality, there are many statistical measures that can use EverGen Infrastructure historical prices to predict the future EverGen Infrastructure's volatility.| Risk Adjusted Performance | (0.21) | |||
| Jensen Alpha | (0.52) | |||
| Total Risk Alpha | (0.90) | |||
| Treynor Ratio | 1.04 |
EverGen Infrastructure Backtested Returns
EverGen Infrastructure secures Sharpe Ratio (or Efficiency) of -0.24, which denotes the company had a -0.24% return per unit of risk over the last 3 months. EverGen Infrastructure Corp exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm EverGen Infrastructure's Mean Deviation of 1.54, standard deviation of 2.07, and Variance of 4.29 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.56, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning EverGen Infrastructure are expected to decrease at a much lower rate. During the bear market, EverGen Infrastructure is likely to outperform the market. At this point, EverGen Infrastructure has a negative expected return of -0.5%. Please make sure to confirm EverGen Infrastructure's jensen alpha, treynor ratio, and the relationship between the standard deviation and total risk alpha , to decide if EverGen Infrastructure performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.58 |
Modest predictability
EverGen Infrastructure Corp has modest predictability. Overlapping area represents the amount of predictability between EverGen Infrastructure time series from 9th of December 2023 to 6th of June 2024 and 6th of June 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 EverGen Infrastructure price movement. The serial correlation of 0.58 indicates that roughly 58.0% of current EverGen Infrastructure price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.58 | |
| Spearman Rank Test | 0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
EverGen Infrastructure lagged returns against current returns
Autocorrelation, which is EverGen Infrastructure 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 EverGen Infrastructure's stock expected returns. We can calculate the autocorrelation of EverGen Infrastructure returns to help us make a trade decision. For example, suppose you find that EverGen Infrastructure 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 |
EverGen Infrastructure 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 EverGen Infrastructure stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if EverGen Infrastructure stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in EverGen Infrastructure stock over time.
Current vs Lagged Prices |
| Timeline |
EverGen Infrastructure Lagged Returns
When evaluating EverGen Infrastructure's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of EverGen Infrastructure stock have on its future price. EverGen Infrastructure 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, EverGen Infrastructure autocorrelation shows the relationship between EverGen Infrastructure stock current value and its past values and can show if there is a momentum factor associated with investing in EverGen Infrastructure Corp.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for EverGen Stock Analysis
When running EverGen Infrastructure's price analysis, check to measure EverGen Infrastructure'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 EverGen Infrastructure is operating at the current time. Most of EverGen Infrastructure's value examination focuses on studying past and present price action to predict the probability of EverGen Infrastructure's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move EverGen Infrastructure's price. Additionally, you may evaluate how the addition of EverGen Infrastructure to your portfolios can decrease your overall portfolio volatility.