Environmental (Australia) Market Value
| EGL Stock | 0.27 0.01 3.57% |
| Symbol | Environmental |
Environmental '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 Environmental'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 Environmental.
| 12/03/2023 |
| 11/27/2024 |
If you would invest 0.00 in Environmental on December 3, 2023 and sell it all today you would earn a total of 0.00 from holding The Environmental Group or generate 0.0% return on investment in Environmental over 360 days. Environmental is related to or competes with Global Health, Sonic Healthcare, Ora Banda, Viva Leisure, and Oceania Healthcare. Environmental is entity of Australia. It is traded as Stock on AU exchange. More
Environmental 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 Environmental'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 The Environmental Group upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 20.61 | |||
| Value At Risk | (5.00) | |||
| Potential Upside | 3.7 |
Environmental Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Environmental's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Environmental's standard deviation. In reality, there are many statistical measures that can use Environmental historical prices to predict the future Environmental's volatility.| Risk Adjusted Performance | (0.1) | |||
| Jensen Alpha | (0.44) | |||
| Total Risk Alpha | (0.92) | |||
| Treynor Ratio | (14.40) |
The Environmental Backtested Returns
The Environmental secures Sharpe Ratio (or Efficiency) of -0.15, which denotes the company had a -0.15% return per unit of risk over the last 3 months. The Environmental Group exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Environmental's Coefficient Of Variation of (711.30), standard deviation of 3.05, and Risk Adjusted Performance of (0.1) to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.0305, which means not very significant fluctuations relative to the market. As returns on the market increase, Environmental's returns are expected to increase less than the market. However, during the bear market, the loss of holding Environmental is expected to be smaller as well. At this point, The Environmental has a negative expected return of -0.45%. Please make sure to confirm Environmental's coefficient of variation, jensen alpha, treynor ratio, as well as the relationship between the standard deviation and total risk alpha , to decide if The Environmental performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.11 |
Insignificant predictability
The Environmental Group has insignificant predictability. Overlapping area represents the amount of predictability between Environmental time series from 3rd of December 2023 to 31st of May 2024 and 31st of May 2024 to 27th 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 The Environmental price movement. The serial correlation of 0.11 indicates that less than 11.0% of current Environmental price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.11 | |
| Spearman Rank Test | 0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
The Environmental lagged returns against current returns
Autocorrelation, which is Environmental 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 Environmental's stock expected returns. We can calculate the autocorrelation of Environmental returns to help us make a trade decision. For example, suppose you find that Environmental 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 |
Environmental 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 Environmental stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Environmental stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Environmental stock over time.
Current vs Lagged Prices |
| Timeline |
Environmental Lagged Returns
When evaluating Environmental's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Environmental stock have on its future price. Environmental 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, Environmental autocorrelation shows the relationship between Environmental stock current value and its past values and can show if there is a momentum factor associated with investing in The Environmental Group.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Environmental Stock Analysis
When running Environmental's price analysis, check to measure Environmental'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 Environmental is operating at the current time. Most of Environmental's value examination focuses on studying past and present price action to predict the probability of Environmental's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Environmental's price. Additionally, you may evaluate how the addition of Environmental to your portfolios can decrease your overall portfolio volatility.