Edify Stock Market Value

EACPU -  USA Stock  

USD 9.86  0.00  0.00%

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


The market value of Edify Acquisition Corp is measured differently than its book value, which is the value of Edify that is recorded on the company's balance sheet. Investors also form their own opinion of Edify Acquisition's value that differs from its market value or its book value, called intrinsic value, which is Edify Acquisition's 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 Edify Acquisition's market value can be influenced by many factors that don't directly affect Edify Acquisition Corp 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 Edify Acquisition's value and its price as these two are different measures arrived at by different means. Investors typically determine Edify Acquisition value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Edify Acquisition's 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.

Edify Acquisition '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 Edify Acquisition'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 Edify Acquisition.
0.00
08/21/2021
No Change 0.00  0.0 
In 30 days
09/20/2021
0.00
If you would invest  0.00  in Edify Acquisition on August 21, 2021 and sell it all today you would earn a total of 0.00 from holding Edify Acquisition Corp or generate 0.0% return on investment in Edify Acquisition over 30 days. Edify Acquisition is related to or competes with Luckwel Pharmaceuticals. The company was incorporated in 2020 and is based in New York, New York

Edify Acquisition 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 Edify Acquisition'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 Edify Acquisition Corp upside and downside potential and time the market with a certain degree of confidence.

Edify Acquisition Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Edify Acquisition's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Edify Acquisition's standard deviation. In reality, there are many statistical measures that can use Edify Acquisition historical prices to predict the future Edify Acquisition's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Edify Acquisition'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. Please use the tools below to analyze the current value of Edify Acquisition in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
9.649.8610.08
Details
Intrinsic
Valuation
LowReal ValueHigh
9.699.9110.13
Details
Naive
Forecast
LowNext ValueHigh
9.679.8910.11
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
9.849.879.91
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Edify Acquisition. Your research has to be compared to or analyzed against Edify Acquisition's peers to derive any actionable benefits. When done correctly, Edify Acquisition's 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 Edify Acquisition Corp.

Edify Acquisition Corp Backtested Returns

Edify Acquisition Corp secures Sharpe Ratio (or Efficiency) of -0.0661, which denotes the company had -0.0661% of return per unit of risk over the last 3 months. Macroaxis standpoint towards predicting the risk of any stock is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. Edify Acquisition Corp exposes twenty-one different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Edify Acquisition Corp coefficient of variation of (1,770), and Mean Deviation of 0.0969 to check the risk estimate we provide.
The firm shows a Beta (market volatility) of 0.0524, which means not very significant fluctuations relative to the market. Let's try to break down what Edify's beta means in this case. As returns on the market increase, Edify Acquisition returns are expected to increase less than the market. However, during the bear market, the loss on holding Edify Acquisition will be expected to be smaller as well. Even though it is essential to pay attention to Edify Acquisition Corp historical returns, it is always good to be careful when utilizing equity current trending patterns. Our philosophy towards predicting any stock's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Edify Acquisition Corp exposes twenty-one different technical indicators, which can help you to evaluate its performance. Edify Acquisition Corp has an expected return of -0.0147%. Please be advised to confirm Edify Acquisition Corp information ratio, as well as the relationship between the potential upside and kurtosis to decide if Edify Acquisition Corp performance from the past will be repeated at some point in the near future.
AdviceVolatility TrendExposureCorrelations

Auto-correlation

    
  (0.67)   

Very good reverse predictability

Edify Acquisition Corp has very good reverse predictability. Overlapping area represents the amount of predictability between Edify Acquisition time series from 21st of August 2021 to 5th of September 2021 and 5th of September 2021 to 20th 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 Edify Acquisition Corp price movement. The serial correlation of -0.67 indicates that around 67.0% of current Edify Acquisition price fluctuation can be explain by its past prices. Given that Edify Acquisition Corp has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Edify Acquisition for similar time interval.
Correlation Coefficient-0.67
Spearman Rank Test-0.75
Residual Average0.0
Price Variance0.0

Edify Acquisition Corp lagged returns against current returns

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

Edify Acquisition Lagged Returns

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

Edify Acquisition Investors Sentiment

The influence of Edify Acquisition's 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 Edify. 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 - EACPU

Edify Acquisition Corp Investor Sentiment

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

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 Edify Acquisition 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 Edify Acquisition will appreciate offsetting losses from the drop in the long position's value.

Edify Acquisition Pair Correlation

Equities Pair Trading Analysis

Correlation analysis and pair trading evaluation for Edify Acquisition and Luckwel Pharmaceuticals. 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 Edify Acquisition Hype Analysis, Edify Acquisition Correlation, Edify Acquisition Valuation, Edify Acquisition Volatility, as well as analyze Edify Acquisition Alpha and Beta and Edify Acquisition Performance. Note that the Edify Acquisition Corp information on this page should be used as a complementary analysis to other Edify Acquisition'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 Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.

Complementary Tools for Edify Stock analysis

When running Edify Acquisition Corp price analysis, check to measure Edify Acquisition'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 Edify Acquisition is operating at the current time. Most of Edify Acquisition's value examination focuses on studying past and present price action to predict the probability of Edify Acquisition's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Edify Acquisition's price. Additionally, you may evaluate how the addition of Edify Acquisition to your portfolios can decrease your overall portfolio volatility.
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Edify Acquisition 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.
A focus of Edify Acquisition technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Edify Acquisition 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...