Economic Investment Trust Stock Market Value
| EVT Stock | CAD 184.50 0.25 0.14% |
| Symbol | Economic |
Economic Investment '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 Economic Investment'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 Economic Investment.
| 01/30/2025 |
| 03/01/2025 |
If you would invest 0.00 in Economic Investment on January 30, 2025 and sell it all today you would earn a total of 0.00 from holding Economic Investment Trust or generate 0.0% return on investment in Economic Investment over 30 days. Economic Investment is related to or competes with Uniteds, E L, Canadian General, Clairvest, and Guardian Capital. Economic Investment Trust Limited is a closed-ended equity mutual fund launched and managed by Burgundy Asset Management... More
Economic Investment 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 Economic Investment'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 Economic Investment Trust upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.83 | |||
| Information Ratio | 0.0858 | |||
| Maximum Drawdown | 8.02 | |||
| Value At Risk | (1.91) | |||
| Potential Upside | 1.69 |
Economic Investment Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Economic Investment's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Economic Investment's standard deviation. In reality, there are many statistical measures that can use Economic Investment historical prices to predict the future Economic Investment's volatility.| Risk Adjusted Performance | 0.0598 | |||
| Jensen Alpha | 0.0984 | |||
| Total Risk Alpha | 0.1247 | |||
| Sortino Ratio | 0.0592 | |||
| Treynor Ratio | 0.15 |
Economic Investment Trust Backtested Returns
As of now, Economic Stock is very steady. Economic Investment Trust secures Sharpe Ratio (or Efficiency) of 0.0877, which denotes the company had a 0.0877 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Economic Investment Trust, which you can use to evaluate the volatility of the firm. Please confirm Economic Investment's Coefficient Of Variation of 1324.23, downside deviation of 1.83, and Mean Deviation of 0.7689 to check if the risk estimate we provide is consistent with the expected return of 0.11%. Economic Investment has a performance score of 6 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.57, which means possible diversification benefits within a given portfolio. As returns on the market increase, Economic Investment's returns are expected to increase less than the market. However, during the bear market, the loss of holding Economic Investment is expected to be smaller as well. Economic Investment Trust right now shows a risk of 1.31%. Please confirm Economic Investment Trust sortino ratio, skewness, price action indicator, as well as the relationship between the potential upside and rate of daily change , to decide if Economic Investment Trust will be following its price patterns.
Auto-correlation | -0.66 |
Very good reverse predictability
Economic Investment Trust has very good reverse predictability. Overlapping area represents the amount of predictability between Economic Investment time series from 30th of January 2025 to 14th of February 2025 and 14th of February 2025 to 1st of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Economic Investment Trust price movement. The serial correlation of -0.66 indicates that around 66.0% of current Economic Investment price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.66 | |
| Spearman Rank Test | -0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 8.82 |
Economic Investment Trust lagged returns against current returns
Autocorrelation, which is Economic Investment 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 Economic Investment's stock expected returns. We can calculate the autocorrelation of Economic Investment returns to help us make a trade decision. For example, suppose you find that Economic Investment 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 |
Economic Investment 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 Economic Investment stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Economic Investment stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Economic Investment stock over time.
Current vs Lagged Prices |
| Timeline |
Economic Investment Lagged Returns
When evaluating Economic Investment's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Economic Investment stock have on its future price. Economic Investment 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, Economic Investment autocorrelation shows the relationship between Economic Investment stock current value and its past values and can show if there is a momentum factor associated with investing in Economic Investment Trust.
Regressed Prices |
| Timeline |
Pair Trading with Economic Investment
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 Economic Investment 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 Economic Investment will appreciate offsetting losses from the drop in the long position's value.Moving together with Economic Stock
Moving against Economic Stock
The ability to find closely correlated positions to Economic Investment could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Economic Investment 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 Economic Investment - 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 Economic Investment Trust to buy it.
The correlation of Economic Investment 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 Economic Investment moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Economic Investment Trust 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 Economic Investment 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 Economic Stock
Economic Investment financial ratios help investors to determine whether Economic Stock 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 Economic with respect to the benefits of owning Economic Investment security.