Earthworks OTC Stock Market Value

EAATF -  USA Stock  

USD 0.17  0.06  26.09%

Earthworks Indus' market value is the price at which a share of Earthworks Indus stock trades on a public exchange. It measures the collective expectations of Earthworks Indus investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of Earthworks Indus and determine expected loss or profit from investing in Earthworks Indus over a given investment horizon. Continue to Earthworks Indus Hype Analysis, Earthworks Indus Correlation, Earthworks Indus Valuation, Earthworks Indus Volatility, as well as analyze Earthworks Indus Alpha and Beta and Earthworks Indus Performance.
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Backtest


The market value of Earthworks Indus is measured differently than its book value, which is the value of Earthworks that is recorded on the company's balance sheet. Investors also form their own opinion of Earthworks Indus' value that differs from its market value or its book value, called intrinsic value, which is Earthworks Indus' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Earthworks Indus' market value can be influenced by many factors that don't directly affect Earthworks Indus underlying business (such as pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Earthworks Indus' value and its price as these two are different measures arrived at by different means. Investors typically determine Earthworks Indus value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Earthworks Indus' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Earthworks Indus '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 Earthworks Indus' 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 Earthworks Indus.
0.00
08/19/2021
No Change 0.00  0.0 
In 30 days
09/18/2021
0.00
If you would invest  0.00  in Earthworks Indus on August 19, 2021 and sell it all today you would earn a total of 0.00 from holding Earthworks Indus or generate 0.0% return on investment in Earthworks Indus over 30 days. Earthworks Indus is related to or competes with Waste Management, Republic Services, Stericycle, Casella Waste, Covanta Holding, and US Ecology. Earthworks Industries Inc., a development stage company, focuses on providing waste disposal services for private and pu...

Earthworks Indus 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 Earthworks Indus' 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 Earthworks Indus upside and downside potential and time the market with a certain degree of confidence.

Earthworks Indus Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Earthworks Indus' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Earthworks Indus' standard deviation. In reality, there are many statistical measures that can use Earthworks Indus historical prices to predict the future Earthworks Indus' volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Earthworks Indus' 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. Please use the tools below to analyze the current value of Earthworks Indus in the context of predictive analytics.
Hype
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LowEstimated ValueHigh
0.010.178.53
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Intrinsic
Valuation
LowReal ValueHigh
0.010.168.52
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Please note, it is not enough to conduct a financial or market analysis of a single entity such as Earthworks Indus. Your research has to be compared to or analyzed against Earthworks Indus' peers to derive any actionable benefits. When done correctly, Earthworks Indus' competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Earthworks Indus.

Earthworks Indus Backtested Returns

Earthworks Indus appears to be out of control, given 3 months investment horizon. Earthworks Indus secures Sharpe Ratio (or Efficiency) of 0.0387, which denotes the company had 0.0387% of return per unit of risk over the last 3 months. Our standpoint towards predicting the volatility of a stock is to use all available market data together with stock-specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for Earthworks Indus, which you can use to evaluate the future volatility of the firm. Please utilize Earthworks Indus' coefficient of variation of (40,407), and Mean Deviation of 2.09 to check if our risk estimates are consistent with your expectations.
On a scale of 0 to 100, Earthworks Indus holds a performance score of 2. The firm shows a Beta (market volatility) of 0.7954, which means possible diversification benefits within a given portfolio. Let's try to break down what Earthworks's beta means in this case. As returns on the market increase, Earthworks Indus returns are expected to increase less than the market. However, during the bear market, the loss on holding Earthworks Indus will be expected to be smaller as well. Although it is vital to follow Earthworks Indus historical returns, it is good to be conservative about what you can do with the information regarding equity current trending patterns. The philosophy towards predicting future performance of any stock is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. By reviewing Earthworks Indus technical indicators, you can presently evaluate if the expected return of 0.32% will be sustainable into the future. Please utilizes Earthworks Indus treynor ratio, as well as the relationship between the downside variance and kurtosis to make a quick decision on whether Earthworks Indus price patterns will revert.
AdviceVolatility TrendExposureCorrelations

Auto-correlation

    
   0.06   

Virtually no predictability

Earthworks Indus has virtually no predictability. Overlapping area represents the amount of predictability between Earthworks Indus time series from 19th of August 2021 to 3rd of September 2021 and 3rd of September 2021 to 18th of September 2021. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Earthworks Indus price movement. The serial correlation of 0.06 indicates that barely 6.0% of current Earthworks Indus price fluctuation can be explain by its past prices.
Correlation Coefficient0.06
Spearman Rank Test0.12
Residual Average0.0
Price Variance0.0

Earthworks Indus lagged returns against current returns

Autocorrelation, which is Earthworks Indus 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 Earthworks Indus' otc stock expected returns. We can calculate the autocorrelation of Earthworks Indus returns to help us make a trade decision. For example, suppose you find that Earthworks Indus otc stock 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 stock movement to match the lagging time series.
 Current and Lagged Values 
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Earthworks Indus 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 Earthworks Indus otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Earthworks Indus otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Earthworks Indus otc stock over time.
 Current vs Lagged Prices 
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      Timeline 

Earthworks Indus Lagged Returns

When evaluating Earthworks Indus' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Earthworks Indus otc stock have on its future price. Earthworks Indus 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, Earthworks Indus autocorrelation shows the relationship between Earthworks Indus otc stock current value and its past values and can show if there is a momentum factor associated with investing in Earthworks Indus.
 Regressed Prices 
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      Timeline 

Earthworks Indus Investors Sentiment

The influence of Earthworks Indus' investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Earthworks. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.

Current Sentiment - EAATF

Earthworks Indus Investor Sentiment

Macroaxis portfolio users are insensible in their opinion about investing in Earthworks Indus. What is your opinion about investing in Earthworks Indus? Are you bullish or bearish?
Bullish
Bearish
50% Bullish
50% Bearish
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Pair Trading with Earthworks Indus

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 Earthworks Indus 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 Earthworks Indus will appreciate offsetting losses from the drop in the long position's value.

Earthworks Indus Pair Correlation

Equities Pair Trading Analysis

Correlation analysis and pair trading evaluation for Earthworks Indus and Waste Management. Pair trading can be used as a hedging technique within a particular sector or industry or even over random equities to generate better risk-adjusted return
Run Pair Correlation  
Continue to Earthworks Indus Hype Analysis, Earthworks Indus Correlation, Earthworks Indus Valuation, Earthworks Indus Volatility, as well as analyze Earthworks Indus Alpha and Beta and Earthworks Indus Performance. Note that the Earthworks Indus information on this page should be used as a complementary analysis to other Earthworks Indus' 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 Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.

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When running Earthworks Indus price analysis, check to measure Earthworks Indus' 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 Earthworks Indus is operating at the current time. Most of Earthworks Indus' value examination focuses on studying past and present price action to predict the probability of Earthworks Indus' future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Earthworks Indus' price. Additionally, you may evaluate how the addition of Earthworks Indus to your portfolios can decrease your overall portfolio volatility.
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Earthworks Indus 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, stock market cycles, or different charting patterns.
A focus of Earthworks Indus technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Earthworks Indus trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...