Embassy Bancorp Stock Market Value
| EMYB Stock | USD 13.00 0.55 4.06% |
| Symbol | Embassy |
Embassy Bancorp '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 Embassy Bancorp's otc 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 Embassy Bancorp.
| 02/19/2024 |
| 04/19/2024 |
If you would invest 0.00 in Embassy Bancorp on February 19, 2024 and sell it all today you would earn a total of 0.00 from holding Embassy Bancorp or generate 0.0% return on investment in Embassy Bancorp over 60 days. Embassy Bancorp is related to or competes with Pfizer, Heartland Financial, Conflux Network, Citigroup Capital, Johnson Johnson, 2Seventy Bio, and Chevron Corp. Embassy Bancorp, Inc. operates as the bank holding company for the Embassy Bank for the Lehigh Valley that provides trad... More
Embassy Bancorp 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 Embassy Bancorp's otc 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 Embassy Bancorp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.31) | |||
| Maximum Drawdown | 4.31 | |||
| Value At Risk | (1.67) | |||
| Potential Upside | 0.545 |
Embassy Bancorp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Embassy Bancorp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Embassy Bancorp's standard deviation. In reality, there are many statistical measures that can use Embassy Bancorp historical prices to predict the future Embassy Bancorp's volatility.| Risk Adjusted Performance | (0.14) | |||
| Jensen Alpha | (0.19) | |||
| Total Risk Alpha | (0.26) | |||
| Treynor Ratio | (2.84) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Embassy Bancorp'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.
Embassy Bancorp Backtested Returns
Embassy Bancorp secures Sharpe Ratio (or Efficiency) of -0.25, which denotes the company had a -0.25% return per unit of standard deviation over the last 3 months. Embassy Bancorp exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Embassy Bancorp's Coefficient Of Variation of (449.62), mean deviation of 0.4772, and Standard Deviation of 0.7945 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.0657, which means not very significant fluctuations relative to the market. As returns on the market increase, Embassy Bancorp's returns are expected to increase less than the market. However, during the bear market, the loss of holding Embassy Bancorp is expected to be smaller as well. Embassy Bancorp has an expected return of -0.2%. Please make sure to confirm Embassy Bancorp standard deviation, kurtosis, period momentum indicator, as well as the relationship between the maximum drawdown and day median price , to decide if Embassy Bancorp performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.69 |
Good predictability
Embassy Bancorp has good predictability. Overlapping area represents the amount of predictability between Embassy Bancorp time series from 19th of February 2024 to 20th of March 2024 and 20th of March 2024 to 19th 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 Embassy Bancorp price movement. The serial correlation of 0.69 indicates that around 69.0% of current Embassy Bancorp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.69 | |
| Spearman Rank Test | 0.62 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Embassy Bancorp lagged returns against current returns
Autocorrelation, which is Embassy Bancorp otc 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 Embassy Bancorp's otc stock expected returns. We can calculate the autocorrelation of Embassy Bancorp returns to help us make a trade decision. For example, suppose you find that Embassy Bancorp has exhibited high autocorrelation historically, and you observe that the otc 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 |
Embassy Bancorp 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 Embassy Bancorp otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Embassy Bancorp otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Embassy Bancorp otc stock over time.
Current vs Lagged Prices |
| Timeline |
Embassy Bancorp Lagged Returns
When evaluating Embassy Bancorp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Embassy Bancorp otc stock have on its future price. Embassy Bancorp 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, Embassy Bancorp autocorrelation shows the relationship between Embassy Bancorp otc stock current value and its past values and can show if there is a momentum factor associated with investing in Embassy Bancorp.
Regressed Prices |
| Timeline |
Pair Trading with Embassy Bancorp
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 Embassy Bancorp 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 Embassy Bancorp will appreciate offsetting losses from the drop in the long position's value.Moving together with Embassy OTC Stock
| 0.76 | TLK | Telkom Indonesia Tbk Financial Report 26th of April 2024 | PairCorr |
Moving against Embassy OTC Stock
| 0.95 | GE | GE Aerospace Earnings Call This Week | PairCorr |
| 0.9 | XOM | Exxon Mobil Corp Earnings Call This Week | PairCorr |
| 0.9 | CAT | Caterpillar Earnings Call This Week | PairCorr |
| 0.86 | WMT | Walmart Financial Report 16th of May 2024 | PairCorr |
| 0.84 | BAC | Bank of America Financial Report 16th of July 2024 | PairCorr |
The ability to find closely correlated positions to Embassy Bancorp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Embassy Bancorp 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 Embassy Bancorp - 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 Embassy Bancorp to buy it.
The correlation of Embassy Bancorp 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 Embassy Bancorp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Embassy Bancorp 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 Embassy Bancorp 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 Embassy Bancorp Correlation, Embassy Bancorp Volatility and Embassy Bancorp Alpha and Beta module to complement your research on Embassy Bancorp. 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 Embassy OTC Stock analysis
When running Embassy Bancorp's price analysis, check to measure Embassy Bancorp'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 Embassy Bancorp is operating at the current time. Most of Embassy Bancorp's value examination focuses on studying past and present price action to predict the probability of Embassy Bancorp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Embassy Bancorp's price. Additionally, you may evaluate how the addition of Embassy Bancorp to your portfolios can decrease your overall portfolio volatility.
| Latest Portfolios Quick portfolio dashboard that showcases your latest portfolios | |
| Idea Analyzer Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas | |
| Fundamental Analysis View fundamental data based on most recent published financial statements | |
| Equity Valuation Check real value of public entities based on technical and fundamental data | |
| Investing Opportunities Build portfolios using our predefined set of ideas and optimize them against your investing preferences |
Embassy Bancorp technical otc 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, otc market cycles, or different charting patterns.