Egyptian Iron's market value is the price at which a share of Egyptian Iron trades on a public exchange. It measures the collective expectations of Egyptian Iron Steel investors about its performance. Egyptian Iron is trading at 50.84 as of the 14th of December 2024. This is a 1.34 percent up since the beginning of the trading day. The stock's lowest day price was 49.55. With this module, you can estimate the performance of a buy and hold strategy of Egyptian Iron Steel and determine expected loss or profit from investing in Egyptian Iron over a given investment horizon. Check out Risk vs Return Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Symbol
Egyptian
Egyptian Iron '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 Egyptian Iron'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 Egyptian Iron.
0.00
06/17/2024
No Change 0.00
0.0
In 5 months and 30 days
12/14/2024
0.00
If you would invest 0.00 in Egyptian Iron on June 17, 2024 and sell it all today you would earn a total of 0.00 from holding Egyptian Iron Steel or generate 0.0% return on investment in Egyptian Iron over 180 days.
Egyptian Iron 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 Egyptian Iron'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 Egyptian Iron Steel upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Egyptian Iron's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Egyptian Iron's standard deviation. In reality, there are many statistical measures that can use Egyptian Iron historical prices to predict the future Egyptian Iron's volatility.
Egyptian Iron appears to be very steady, given 3 months investment horizon. Egyptian Iron Steel secures Sharpe Ratio (or Efficiency) of 0.17, which denotes the company had a 0.17% return per unit of risk over the last 3 months. By reviewing Egyptian Iron's technical indicators, you can evaluate if the expected return of 0.68% is justified by implied risk. Please utilize Egyptian Iron's Coefficient Of Variation of 972.2, downside deviation of 3.51, and Mean Deviation of 3.24 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Egyptian Iron holds a performance score of 13. The firm shows a Beta (market volatility) of -0.24, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Egyptian Iron are expected to decrease at a much lower rate. During the bear market, Egyptian Iron is likely to outperform the market. Please check Egyptian Iron's potential upside, semi variance, and the relationship between the value at risk and downside variance , to make a quick decision on whether Egyptian Iron's price patterns will revert.
Auto-correlation
0.15
Insignificant predictability
Egyptian Iron Steel has insignificant predictability. Overlapping area represents the amount of predictability between Egyptian Iron time series from 17th of June 2024 to 15th of September 2024 and 15th of September 2024 to 14th 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 Egyptian Iron Steel price movement. The serial correlation of 0.15 indicates that less than 15.0% of current Egyptian Iron price fluctuation can be explain by its past prices.
Correlation Coefficient
0.15
Spearman Rank Test
0.07
Residual Average
0.0
Price Variance
38.96
Egyptian Iron Steel lagged returns against current returns
Autocorrelation, which is Egyptian Iron 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 Egyptian Iron's stock expected returns. We can calculate the autocorrelation of Egyptian Iron returns to help us make a trade decision. For example, suppose you find that Egyptian Iron 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
Egyptian Iron 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 Egyptian Iron stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Egyptian Iron stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Egyptian Iron stock over time.
Current vs Lagged Prices
Timeline
Egyptian Iron Lagged Returns
When evaluating Egyptian Iron's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Egyptian Iron stock have on its future price. Egyptian Iron 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, Egyptian Iron autocorrelation shows the relationship between Egyptian Iron stock current value and its past values and can show if there is a momentum factor associated with investing in Egyptian Iron Steel.
Regressed Prices
Timeline
Also Currently Popular
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.