Ems Chemie Holding Ag Stock Market Value
EMSHF Stock | USD 708.50 0.00 0.00% |
Symbol | EMS-CHEMIE |
EMS-CHEMIE HOLDING '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 EMS-CHEMIE HOLDING'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 EMS-CHEMIE HOLDING.
02/27/2024 |
| 03/28/2024 |
If you would invest 0.00 in EMS-CHEMIE HOLDING on February 27, 2024 and sell it all today you would earn a total of 0.00 from holding EMS CHEMIE HOLDING AG or generate 0.0% return on investment in EMS-CHEMIE HOLDING over 30 days. EMS-CHEMIE HOLDING is related to or competes with Sherwin Williams, Ecolab, Air Products, PPG Industries, Dupont De, and Kroger. EMS-CHEMIE HOLDING AG engages in the high performance polymers and specialty chemicals businesses worldwide More
EMS-CHEMIE HOLDING 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 EMS-CHEMIE HOLDING'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 EMS CHEMIE HOLDING AG upside and downside potential and time the market with a certain degree of confidence.
Information Ratio | (0.25) | |||
Maximum Drawdown | 6.48 | |||
Value At Risk | (0.26) |
EMS-CHEMIE HOLDING Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for EMS-CHEMIE HOLDING's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as EMS-CHEMIE HOLDING's standard deviation. In reality, there are many statistical measures that can use EMS-CHEMIE HOLDING historical prices to predict the future EMS-CHEMIE HOLDING's volatility.Risk Adjusted Performance | (0.07) | |||
Jensen Alpha | (0.11) | |||
Total Risk Alpha | (0.39) | |||
Treynor Ratio | 0.4452 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of EMS-CHEMIE HOLDING'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.
EMS-CHEMIE HOLDING Backtested Returns
EMS-CHEMIE HOLDING secures Sharpe Ratio (or Efficiency) of -0.13, which denotes the company had a -0.13% return per unit of volatility over the last 3 months. EMS CHEMIE HOLDING AG exposes seventeen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm EMS-CHEMIE HOLDING's Mean Deviation of 0.3706, market risk adjusted performance of 0.4552, and Standard Deviation of 1.09 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.34, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning EMS-CHEMIE HOLDING are expected to decrease at a much lower rate. During the bear market, EMS-CHEMIE HOLDING is likely to outperform the market. EMS-CHEMIE HOLDING has an expected return of -0.15%. Please make sure to confirm EMS-CHEMIE HOLDING jensen alpha and kurtosis , to decide if EMS-CHEMIE HOLDING performance from the past will be repeated at future time.
Auto-correlation | 0.00 |
No correlation between past and present
EMS CHEMIE HOLDING AG has no correlation between past and present. Overlapping area represents the amount of predictability between EMS-CHEMIE HOLDING time series from 27th of February 2024 to 13th of March 2024 and 13th of March 2024 to 28th of March 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 EMS-CHEMIE HOLDING price movement. The serial correlation of 0.0 indicates that just 0.0% of current EMS-CHEMIE HOLDING price fluctuation can be explain by its past prices.
Correlation Coefficient | 0.0 | |
Spearman Rank Test | 1.0 | |
Residual Average | 0.0 | |
Price Variance | 0.0 |
EMS-CHEMIE HOLDING lagged returns against current returns
Autocorrelation, which is EMS-CHEMIE HOLDING 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 EMS-CHEMIE HOLDING's pink sheet expected returns. We can calculate the autocorrelation of EMS-CHEMIE HOLDING returns to help us make a trade decision. For example, suppose you find that EMS-CHEMIE HOLDING 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 |
EMS-CHEMIE HOLDING 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 EMS-CHEMIE HOLDING pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if EMS-CHEMIE HOLDING pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in EMS-CHEMIE HOLDING pink sheet over time.
Current vs Lagged Prices |
Timeline |
EMS-CHEMIE HOLDING Lagged Returns
When evaluating EMS-CHEMIE HOLDING's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of EMS-CHEMIE HOLDING pink sheet have on its future price. EMS-CHEMIE HOLDING 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, EMS-CHEMIE HOLDING autocorrelation shows the relationship between EMS-CHEMIE HOLDING pink sheet current value and its past values and can show if there is a momentum factor associated with investing in EMS CHEMIE HOLDING AG.
Regressed Prices |
Timeline |
Pair Trading with EMS-CHEMIE HOLDING
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 EMS-CHEMIE HOLDING 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 EMS-CHEMIE HOLDING will appreciate offsetting losses from the drop in the long position's value.Moving together with EMS-CHEMIE Pink Sheet
0.66 | APD | Air Products And Financial Report 14th of May 2024 | PairCorr |
Moving against EMS-CHEMIE Pink Sheet
0.91 | ECL | Ecolab Inc Financial Report 7th of May 2024 | PairCorr |
0.87 | PLTR | Palantir TechnologiesInc Financial Report 13th of May 2024 | PairCorr |
0.85 | YUMM | Yummies | PairCorr |
0.82 | BIMT | Bitmis Corp | PairCorr |
0.79 | LYFT | LYFT Inc Sell-off Trend | PairCorr |
The ability to find closely correlated positions to EMS-CHEMIE HOLDING could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace EMS-CHEMIE HOLDING 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 EMS-CHEMIE HOLDING - 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 EMS CHEMIE HOLDING AG to buy it.
The correlation of EMS-CHEMIE HOLDING 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 EMS-CHEMIE HOLDING moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if EMS-CHEMIE HOLDING 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 EMS-CHEMIE HOLDING 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 EMS-CHEMIE HOLDING Correlation, EMS-CHEMIE HOLDING Volatility and EMS-CHEMIE HOLDING Alpha and Beta module to complement your research on EMS-CHEMIE HOLDING. Note that the EMS-CHEMIE HOLDING information on this page should be used as a complementary analysis to other EMS-CHEMIE HOLDING's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
Complementary Tools for EMS-CHEMIE Pink Sheet analysis
When running EMS-CHEMIE HOLDING's price analysis, check to measure EMS-CHEMIE HOLDING'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 EMS-CHEMIE HOLDING is operating at the current time. Most of EMS-CHEMIE HOLDING's value examination focuses on studying past and present price action to predict the probability of EMS-CHEMIE HOLDING's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move EMS-CHEMIE HOLDING's price. Additionally, you may evaluate how the addition of EMS-CHEMIE HOLDING to your portfolios can decrease your overall portfolio volatility.
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EMS-CHEMIE HOLDING 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.