Ecosynthetix Stock Market Value
| ECSNF Stock | USD 3.51 0.00 0.00% |
| Symbol | EcoSynthetix |
EcoSynthetix '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 EcoSynthetix's 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 EcoSynthetix.
| 07/28/2023 |
| 04/23/2024 |
If you would invest 0.00 in EcoSynthetix on July 28, 2023 and sell it all today you would earn a total of 0.00 from holding EcoSynthetix or generate 0.0% return on investment in EcoSynthetix over 270 days. EcoSynthetix is related to or competes with Covalon Technologies, Mosaic Immunoengineerin, and Cellectis. EcoSynthetix Inc., a renewable chemicals company, develops and commercializes bio-based technologies that are used as re... More
EcoSynthetix 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 EcoSynthetix's 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 EcoSynthetix upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0642 | |||
| Maximum Drawdown | 24.89 |
EcoSynthetix Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for EcoSynthetix's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as EcoSynthetix's standard deviation. In reality, there are many statistical measures that can use EcoSynthetix historical prices to predict the future EcoSynthetix's volatility.| Risk Adjusted Performance | 0.0659 | |||
| Jensen Alpha | 0.2452 | |||
| Total Risk Alpha | (0.09) | |||
| Treynor Ratio | 2.17 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of EcoSynthetix'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.
EcoSynthetix Backtested Returns
EcoSynthetix appears to be moderately volatile, given 3 months investment horizon. EcoSynthetix secures Sharpe Ratio (or Efficiency) of 0.12, which denotes the company had a 0.12% return per unit of risk over the last 3 months. We have found sixteen technical indicators for EcoSynthetix, which you can use to evaluate the volatility of the firm. Please utilize EcoSynthetix's Standard Deviation of 2.78, variance of 7.74, and Mean Deviation of 0.9772 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, EcoSynthetix holds a performance score of 9. The firm shows a Beta (market volatility) of 0.12, which means not very significant fluctuations relative to the market. As returns on the market increase, EcoSynthetix's returns are expected to increase less than the market. However, during the bear market, the loss of holding EcoSynthetix is expected to be smaller as well. Please check EcoSynthetix's variance, skewness, as well as the relationship between the Skewness and day typical price , to make a quick decision on whether EcoSynthetix's price patterns will revert.
Auto-correlation | -0.43 |
Modest reverse predictability
EcoSynthetix has modest reverse predictability. Overlapping area represents the amount of predictability between EcoSynthetix time series from 28th of July 2023 to 10th of December 2023 and 10th of December 2023 to 23rd of April 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 EcoSynthetix price movement. The serial correlation of -0.43 indicates that just about 43.0% of current EcoSynthetix price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.43 | |
| Spearman Rank Test | -0.39 | |
| Residual Average | 0.0 | |
| Price Variance | 0.21 |
EcoSynthetix lagged returns against current returns
Autocorrelation, which is EcoSynthetix 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 EcoSynthetix's pink sheet expected returns. We can calculate the autocorrelation of EcoSynthetix returns to help us make a trade decision. For example, suppose you find that EcoSynthetix 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 |
EcoSynthetix 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 EcoSynthetix pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if EcoSynthetix pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in EcoSynthetix pink sheet over time.
Current vs Lagged Prices |
| Timeline |
EcoSynthetix Lagged Returns
When evaluating EcoSynthetix's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of EcoSynthetix pink sheet have on its future price. EcoSynthetix 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, EcoSynthetix autocorrelation shows the relationship between EcoSynthetix pink sheet current value and its past values and can show if there is a momentum factor associated with investing in EcoSynthetix.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards EcoSynthetix in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, EcoSynthetix's short interest history, or implied volatility extrapolated from EcoSynthetix options trading.
Pair Trading with EcoSynthetix
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 EcoSynthetix 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 EcoSynthetix will appreciate offsetting losses from the drop in the long position's value.Moving against EcoSynthetix Pink Sheet
| 0.47 | GCMGW | GCM Grosvenor | PairCorr |
| 0.46 | CHKEW | Chesapeake Energy | PairCorr |
The ability to find closely correlated positions to EcoSynthetix could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace EcoSynthetix 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 EcoSynthetix - 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 EcoSynthetix to buy it.
The correlation of EcoSynthetix 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 EcoSynthetix moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if EcoSynthetix 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 EcoSynthetix 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.Check out EcoSynthetix Correlation, EcoSynthetix Volatility and EcoSynthetix Alpha and Beta module to complement your research on EcoSynthetix. You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
Complementary Tools for EcoSynthetix Pink Sheet analysis
When running EcoSynthetix's price analysis, check to measure EcoSynthetix'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 EcoSynthetix is operating at the current time. Most of EcoSynthetix's value examination focuses on studying past and present price action to predict the probability of EcoSynthetix's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move EcoSynthetix's price. Additionally, you may evaluate how the addition of EcoSynthetix to your portfolios can decrease your overall portfolio volatility.
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EcoSynthetix technical pink sheet 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, pink sheet market cycles, or different charting patterns.