EAC Invest (Denmark) Market Value
| EAC Stock | 10,600 100.00 0.93% |
| Symbol | EAC |
EAC Invest '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 EAC Invest'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 EAC Invest.
| 03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in EAC Invest on March 26, 2024 and sell it all today you would earn a total of 0.00 from holding EAC Invest AS or generate 0.0% return on investment in EAC Invest over 30 days. EAC Invest is related to or competes with Newcap Holding, SKAKO AS, and Rovsing AS. Santa Fe Group AS offer moving, relocation, and records management services to corporations and individuals in Asia, Australia, Europe, the Middle East, and Africa. More
EAC Invest 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 EAC Invest'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 EAC Invest AS upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 5.43 | |||
| Value At Risk | (1.83) | |||
| Potential Upside | 1.82 |
EAC Invest Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for EAC Invest's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as EAC Invest's standard deviation. In reality, there are many statistical measures that can use EAC Invest historical prices to predict the future EAC Invest's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (0.28) | |||
| Treynor Ratio | (1.88) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of EAC Invest'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.
EAC Invest AS Backtested Returns
EAC Invest AS retains Efficiency (Sharpe Ratio) of -0.11, which denotes the company had a -0.11% return per unit of risk over the last 3 months. EAC Invest exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm EAC Invest's Market Risk Adjusted Performance of (1.87), standard deviation of 1.1, and Variance of 1.21 to check the risk estimate we provide. The firm owns a Beta (Systematic Risk) of 0.0679, which means not very significant fluctuations relative to the market. As returns on the market increase, EAC Invest's returns are expected to increase less than the market. However, during the bear market, the loss of holding EAC Invest is expected to be smaller as well. EAC Invest AS has an expected return of -0.13%. Please make sure to confirm EAC Invest AS standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if EAC Invest AS performance from the past will be repeated at some future date.
Auto-correlation | 0.78 |
Good predictability
EAC Invest AS has good predictability. Overlapping area represents the amount of predictability between EAC Invest time series from 26th of March 2024 to 10th of April 2024 and 10th of April 2024 to 25th 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 EAC Invest AS price movement. The serial correlation of 0.78 indicates that around 78.0% of current EAC Invest price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.78 | |
| Spearman Rank Test | 0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 24.7 K |
EAC Invest AS lagged returns against current returns
Autocorrelation, which is EAC Invest 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 EAC Invest's stock expected returns. We can calculate the autocorrelation of EAC Invest returns to help us make a trade decision. For example, suppose you find that EAC Invest 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 |
EAC Invest 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 EAC Invest stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if EAC Invest stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in EAC Invest stock over time.
Current vs Lagged Prices |
| Timeline |
EAC Invest Lagged Returns
When evaluating EAC Invest's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of EAC Invest stock have on its future price. EAC Invest 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, EAC Invest autocorrelation shows the relationship between EAC Invest stock current value and its past values and can show if there is a momentum factor associated with investing in EAC Invest AS.
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 EAC Invest 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, EAC Invest's short interest history, or implied volatility extrapolated from EAC Invest options trading.
Pair Trading with EAC Invest
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 EAC Invest 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 EAC Invest will appreciate offsetting losses from the drop in the long position's value.Moving together with EAC Stock
| 0.8 | LUXOR-B | Investeringsselskabet | PairCorr |
| 0.65 | STRINV | Strategic Investments | PairCorr |
Moving against EAC Stock
| 0.6 | GREENH | Green Hydrogen Systems | PairCorr |
| 0.43 | STENO | Stenocare AS | PairCorr |
| 0.43 | ZEAL | Zealand Pharma AS | PairCorr |
The ability to find closely correlated positions to EAC Invest could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace EAC Invest 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 EAC Invest - 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 EAC Invest AS to buy it.
The correlation of EAC Invest 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 EAC Invest moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if EAC Invest AS 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 EAC Invest 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 EAC Invest Correlation, EAC Invest Volatility and EAC Invest Alpha and Beta module to complement your research on EAC Invest. Note that the EAC Invest AS information on this page should be used as a complementary analysis to other EAC Invest'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 Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
Complementary Tools for EAC Stock analysis
When running EAC Invest's price analysis, check to measure EAC Invest'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 EAC Invest is operating at the current time. Most of EAC Invest's value examination focuses on studying past and present price action to predict the probability of EAC Invest's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move EAC Invest's price. Additionally, you may evaluate how the addition of EAC Invest to your portfolios can decrease your overall portfolio volatility.
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EAC Invest 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.