Empire Bancshares Stock Market Value
| EBSH Stock | USD 18.30 0.00 0.00% |
| Symbol | Empire |
Empire Bancshares '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 Empire Bancshares' 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 Empire Bancshares.
| 03/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in Empire Bancshares on March 25, 2024 and sell it all today you would earn a total of 0.00 from holding Empire Bancshares or generate 0.0% return on investment in Empire Bancshares over 30 days. Empire Bancshares is related to or competes with Bank Rakyat, Lloyds Banking, Western Alliance, JAPAN POST, Piraeus Bank, and Eurobank Ergasias. Empire Bancshares, Inc. operates as the bank holding company for The Hicksville Bank that provides various banking produ... More
Empire Bancshares 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 Empire Bancshares' 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 Empire Bancshares upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.39) | |||
| Maximum Drawdown | 2.68 | |||
| Value At Risk | (0.32) |
Empire Bancshares Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Empire Bancshares' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Empire Bancshares' standard deviation. In reality, there are many statistical measures that can use Empire Bancshares historical prices to predict the future Empire Bancshares' volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.07) | |||
| Treynor Ratio | 8.14 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Empire Bancshares' 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.
Empire Bancshares Backtested Returns
Empire Bancshares secures Sharpe Ratio (or Efficiency) of -0.0817, which denotes the company had a -0.0817% return per unit of risk over the last 3 months. Empire Bancshares exposes seventeen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Empire Bancshares' Mean Deviation of 0.0952, variance of 0.0822, and Standard Deviation of 0.2867 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.0032, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Empire Bancshares are expected to decrease at a much lower rate. During the bear market, Empire Bancshares is likely to outperform the market. Empire Bancshares has an expected return of -0.0224%. Please make sure to confirm Empire Bancshares information ratio, skewness, as well as the relationship between the Skewness and day typical price , to decide if Empire Bancshares performance from the past will be repeated at some point in the near future.
Auto-correlation | -1 |
Near perfect reversele predictability
Empire Bancshares has near perfect reversele predictability. Overlapping area represents the amount of predictability between Empire Bancshares time series from 25th of March 2024 to 9th of April 2024 and 9th of April 2024 to 24th 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 Empire Bancshares price movement. The serial correlation of -1.0 indicates that 100.0% of current Empire Bancshares price fluctuation can be explain by its past prices.
| Correlation Coefficient | -1.0 | |
| Spearman Rank Test | 0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Empire Bancshares lagged returns against current returns
Autocorrelation, which is Empire Bancshares 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 Empire Bancshares' pink sheet expected returns. We can calculate the autocorrelation of Empire Bancshares returns to help us make a trade decision. For example, suppose you find that Empire Bancshares 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 |
Empire Bancshares 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 Empire Bancshares pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Empire Bancshares pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Empire Bancshares pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Empire Bancshares Lagged Returns
When evaluating Empire Bancshares' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Empire Bancshares pink sheet have on its future price. Empire Bancshares 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, Empire Bancshares autocorrelation shows the relationship between Empire Bancshares pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Empire Bancshares.
Regressed Prices |
| Timeline |
Pair Trading with Empire Bancshares
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 Empire Bancshares 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 Empire Bancshares will appreciate offsetting losses from the drop in the long position's value.Moving against Empire Pink Sheet
| 0.67 | CIHHF | China Merchants Bank | PairCorr |
| 0.66 | CIHKY | China Merchants Bank | PairCorr |
| 0.65 | BNPQY | BNP Paribas SA Earnings Call Tomorrow | PairCorr |
| 0.62 | BNPQF | BNP Paribas SA | PairCorr |
| 0.6 | HDB | HDFC Bank Limited Financial Report 15th of July 2024 | PairCorr |
The ability to find closely correlated positions to Empire Bancshares could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Empire Bancshares 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 Empire Bancshares - 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 Empire Bancshares to buy it.
The correlation of Empire Bancshares 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 Empire Bancshares moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Empire Bancshares 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 Empire Bancshares 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 Empire Bancshares Correlation, Empire Bancshares Volatility and Empire Bancshares Alpha and Beta module to complement your research on Empire Bancshares. You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
Complementary Tools for Empire Pink Sheet analysis
When running Empire Bancshares' price analysis, check to measure Empire Bancshares' 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 Empire Bancshares is operating at the current time. Most of Empire Bancshares' value examination focuses on studying past and present price action to predict the probability of Empire Bancshares' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Empire Bancshares' price. Additionally, you may evaluate how the addition of Empire Bancshares to your portfolios can decrease your overall portfolio volatility.
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Empire Bancshares 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.