Evertz Technologies Limited Stock Market Value
| EVTZF Stock | USD 8.68 0.00 0.00% |
| Symbol | Evertz |
Evertz Technologies '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 Evertz Technologies' 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 Evertz Technologies.
| 12/09/2022 |
| 11/28/2024 |
If you would invest 0.00 in Evertz Technologies on December 9, 2022 and sell it all today you would earn a total of 0.00 from holding Evertz Technologies Limited or generate 0.0% return on investment in Evertz Technologies over 720 days. Evertz Technologies is related to or competes with Boxlight Corp, Siyata Mobile, and ClearOne. Evertz Technologies Limited engages in the design, manufacture, and distribution of video and audio infrastructure solut... More
Evertz Technologies 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 Evertz Technologies' 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 Evertz Technologies Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 15.98 | |||
| Value At Risk | (1.86) | |||
| Potential Upside | 2.28 |
Evertz Technologies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Evertz Technologies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Evertz Technologies' standard deviation. In reality, there are many statistical measures that can use Evertz Technologies historical prices to predict the future Evertz Technologies' volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.47) | |||
| Treynor Ratio | 0.3542 |
Evertz Technologies Backtested Returns
Evertz Technologies secures Sharpe Ratio (or Efficiency) of -0.0963, which denotes the company had a -0.0963% return per unit of risk over the last 3 months. Evertz Technologies Limited exposes nineteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Evertz Technologies' Standard Deviation of 1.92, mean deviation of 0.6911, and Variance of 3.67 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.48, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Evertz Technologies are expected to decrease at a much lower rate. During the bear market, Evertz Technologies is likely to outperform the market. At this point, Evertz Technologies has a negative expected return of -0.18%. Please make sure to confirm Evertz Technologies' mean deviation, jensen alpha, as well as the relationship between the Jensen Alpha and kurtosis , to decide if Evertz Technologies performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.15 |
Insignificant reverse predictability
Evertz Technologies Limited has insignificant reverse predictability. Overlapping area represents the amount of predictability between Evertz Technologies time series from 9th of December 2022 to 4th of December 2023 and 4th of December 2023 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 Evertz Technologies price movement. The serial correlation of -0.15 indicates that less than 15.0% of current Evertz Technologies price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.15 | |
| Spearman Rank Test | -0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 0.45 |
Evertz Technologies lagged returns against current returns
Autocorrelation, which is Evertz Technologies 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 Evertz Technologies' pink sheet expected returns. We can calculate the autocorrelation of Evertz Technologies returns to help us make a trade decision. For example, suppose you find that Evertz Technologies 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 |
Evertz Technologies 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 Evertz Technologies pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Evertz Technologies pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Evertz Technologies pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Evertz Technologies Lagged Returns
When evaluating Evertz Technologies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Evertz Technologies pink sheet have on its future price. Evertz Technologies 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, Evertz Technologies autocorrelation shows the relationship between Evertz Technologies pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Evertz Technologies Limited.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Evertz Pink Sheet
Evertz Technologies financial ratios help investors to determine whether Evertz 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 Evertz with respect to the benefits of owning Evertz Technologies security.