Earthworks Industries Stock Market Value
| EAATF Stock | USD 0.14 0.04 22.22% |
| Symbol | Earthworks |
Earthworks Industries '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 Industries' 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 Earthworks Industries.
| 04/29/2022 |
| 04/18/2024 |
If you would invest 0.00 in Earthworks Industries on April 29, 2022 and sell it all today you would earn a total of 0.00 from holding Earthworks Industries or generate 0.0% return on investment in Earthworks Industries over 720 days. Earthworks Industries is related to or competes with LanzaTech Global, Aqua Metals, LiCycle Holdings, and Waste Management. Earthworks Industries Inc., a development stage company, focuses on providing waste disposal services for private and pu... More
Earthworks Industries 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 Industries' 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 Earthworks Industries upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 25.0 |
Earthworks Industries Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Earthworks Industries' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Earthworks Industries' standard deviation. In reality, there are many statistical measures that can use Earthworks Industries historical prices to predict the future Earthworks Industries' volatility.| Risk Adjusted Performance | (0.10) | |||
| Jensen Alpha | (0.77) | |||
| Total Risk Alpha | (1.02) | |||
| Treynor Ratio | (0.79) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Earthworks Industries' 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.
Earthworks Industries Backtested Returns
Earthworks Industries secures Sharpe Ratio (or Efficiency) of -0.18, which denotes the company had a -0.18% return per unit of risk over the last 3 months. Earthworks Industries exposes nineteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Earthworks Industries' Mean Deviation of 1.39, standard deviation of 4.09, and Variance of 16.69 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.92, which means possible diversification benefits within a given portfolio. Earthworks Industries returns are very sensitive to returns on the market. As the market goes up or down, Earthworks Industries is expected to follow. Earthworks Industries has an expected return of -0.75%. Please make sure to confirm Earthworks Industries information ratio, kurtosis, as well as the relationship between the Kurtosis and day typical price , to decide if Earthworks Industries performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.17 |
Very weak predictability
Earthworks Industries has very weak predictability. Overlapping area represents the amount of predictability between Earthworks Industries time series from 29th of April 2022 to 24th of April 2023 and 24th of April 2023 to 18th 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 Earthworks Industries price movement. The serial correlation of 0.17 indicates that over 17.0% of current Earthworks Industries price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.17 | |
| Spearman Rank Test | 0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Earthworks Industries lagged returns against current returns
Autocorrelation, which is Earthworks Industries 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 Earthworks Industries' pink sheet expected returns. We can calculate the autocorrelation of Earthworks Industries returns to help us make a trade decision. For example, suppose you find that Earthworks Industries 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 |
Earthworks Industries 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 Industries pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Earthworks Industries pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Earthworks Industries pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Earthworks Industries Lagged Returns
When evaluating Earthworks Industries' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Earthworks Industries pink sheet have on its future price. Earthworks Industries 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 Industries autocorrelation shows the relationship between Earthworks Industries pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Earthworks Industries.
Regressed Prices |
| Timeline |
Pair Trading with Earthworks Industries
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 Industries 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 Industries will appreciate offsetting losses from the drop in the long position's value.Moving against Earthworks Pink Sheet
| 0.81 | GE | GE Aerospace Earnings Call This Week | PairCorr |
| 0.69 | AISP | Airship AI Holdings Symbol Change | PairCorr |
| 0.66 | RSG | Republic Services Financial Report 25th of April 2024 | PairCorr |
| 0.65 | CWST | Casella Waste Systems Financial Report 25th of April 2024 | PairCorr |
| 0.56 | TMRAF | Tomra Systems ASA | PairCorr |
The ability to find closely correlated positions to Earthworks Industries could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Earthworks Industries 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 Earthworks Industries - 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 Earthworks Industries to buy it.
The correlation of Earthworks Industries 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 Earthworks Industries moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Earthworks Industries 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 Earthworks Industries 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 Earthworks Industries Correlation, Earthworks Industries Volatility and Earthworks Industries Alpha and Beta module to complement your research on Earthworks Industries. You can also try the Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.
Complementary Tools for Earthworks Pink Sheet analysis
When running Earthworks Industries' price analysis, check to measure Earthworks Industries' 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 Industries is operating at the current time. Most of Earthworks Industries' value examination focuses on studying past and present price action to predict the probability of Earthworks Industries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Earthworks Industries' price. Additionally, you may evaluate how the addition of Earthworks Industries to your portfolios can decrease your overall portfolio volatility.
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Earthworks Industries 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.