EIDESVIK OFFSHORE (Germany) Market Value
| E1V Stock | EUR 1.48 0.27 22.31% |
| Symbol | EIDESVIK |
Please note, there is a significant difference between EIDESVIK OFFSHORE's value and its price as these two are different measures arrived at by different means. Investors typically determine if EIDESVIK OFFSHORE is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, EIDESVIK OFFSHORE's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
EIDESVIK OFFSHORE '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 EIDESVIK OFFSHORE'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 EIDESVIK OFFSHORE.
| 05/04/2024 |
| 06/03/2024 |
If you would invest 0.00 in EIDESVIK OFFSHORE on May 4, 2024 and sell it all today you would earn a total of 0.00 from holding EIDESVIK OFFSHORE NK or generate 0.0% return on investment in EIDESVIK OFFSHORE over 30 days. EIDESVIK OFFSHORE is related to or competes with Apple, Apple, Apple, Apple, Apple, Microsoft, and Microsoft. More
EIDESVIK OFFSHORE 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 EIDESVIK OFFSHORE'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 EIDESVIK OFFSHORE NK upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.89 | |||
| Information Ratio | 0.2283 | |||
| Maximum Drawdown | 11.58 | |||
| Value At Risk | (2.13) | |||
| Potential Upside | 3.57 |
EIDESVIK OFFSHORE Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for EIDESVIK OFFSHORE's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as EIDESVIK OFFSHORE's standard deviation. In reality, there are many statistical measures that can use EIDESVIK OFFSHORE historical prices to predict the future EIDESVIK OFFSHORE's volatility.| Risk Adjusted Performance | 0.1595 | |||
| Jensen Alpha | 0.7529 | |||
| Total Risk Alpha | 0.5935 | |||
| Sortino Ratio | 0.3934 | |||
| Treynor Ratio | 1.15 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of EIDESVIK OFFSHORE's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
EIDESVIK OFFSHORE Backtested Returns
EIDESVIK OFFSHORE appears to be very risky, given 3 months investment horizon. EIDESVIK OFFSHORE secures Sharpe Ratio (or Efficiency) of 0.25, which denotes the company had a 0.25% return per unit of risk over the last 3 months. By analyzing EIDESVIK OFFSHORE's technical indicators, you can evaluate if the expected return of 0.82% is justified by implied risk. Please utilize EIDESVIK OFFSHORE's Coefficient Of Variation of 412.8, mean deviation of 1.71, and Downside Deviation of 1.89 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, EIDESVIK OFFSHORE holds a performance score of 19. The firm shows a Beta (market volatility) of 0.68, which means possible diversification benefits within a given portfolio. As returns on the market increase, EIDESVIK OFFSHORE's returns are expected to increase less than the market. However, during the bear market, the loss of holding EIDESVIK OFFSHORE is expected to be smaller as well. Please check EIDESVIK OFFSHORE's mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether EIDESVIK OFFSHORE's price patterns will revert.
Auto-correlation | 0.39 |
Below average predictability
EIDESVIK OFFSHORE NK has below average predictability. Overlapping area represents the amount of predictability between EIDESVIK OFFSHORE time series from 4th of May 2024 to 19th of May 2024 and 19th of May 2024 to 3rd of June 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 EIDESVIK OFFSHORE price movement. The serial correlation of 0.39 indicates that just about 39.0% of current EIDESVIK OFFSHORE price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.39 | |
| Spearman Rank Test | 0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
EIDESVIK OFFSHORE lagged returns against current returns
Autocorrelation, which is EIDESVIK OFFSHORE 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 EIDESVIK OFFSHORE's stock expected returns. We can calculate the autocorrelation of EIDESVIK OFFSHORE returns to help us make a trade decision. For example, suppose you find that EIDESVIK OFFSHORE 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 |
EIDESVIK OFFSHORE 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 EIDESVIK OFFSHORE stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if EIDESVIK OFFSHORE stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in EIDESVIK OFFSHORE stock over time.
Current vs Lagged Prices |
| Timeline |
EIDESVIK OFFSHORE Lagged Returns
When evaluating EIDESVIK OFFSHORE's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of EIDESVIK OFFSHORE stock have on its future price. EIDESVIK OFFSHORE 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, EIDESVIK OFFSHORE autocorrelation shows the relationship between EIDESVIK OFFSHORE stock current value and its past values and can show if there is a momentum factor associated with investing in EIDESVIK OFFSHORE NK.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Check out EIDESVIK OFFSHORE Correlation, EIDESVIK OFFSHORE Volatility and EIDESVIK OFFSHORE Alpha and Beta module to complement your research on EIDESVIK OFFSHORE. You can also try the Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.
Complementary Tools for EIDESVIK Stock analysis
When running EIDESVIK OFFSHORE's price analysis, check to measure EIDESVIK OFFSHORE'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 EIDESVIK OFFSHORE is operating at the current time. Most of EIDESVIK OFFSHORE's value examination focuses on studying past and present price action to predict the probability of EIDESVIK OFFSHORE's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move EIDESVIK OFFSHORE's price. Additionally, you may evaluate how the addition of EIDESVIK OFFSHORE to your portfolios can decrease your overall portfolio volatility.
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EIDESVIK OFFSHORE technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.