Ecgi Holdings Stock Market Value
ECGI Stock | USD 0 0.0003 10.34% |
Symbol | ECGI |
ECGI Holdings '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 ECGI Holdings' 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 ECGI Holdings.
02/23/2024 |
| 04/23/2024 |
If you would invest 0.00 in ECGI Holdings on February 23, 2024 and sell it all today you would earn a total of 0.00 from holding ECGI Holdings or generate 0.0% return on investment in ECGI Holdings over 60 days. ECGI Holdings is related to or competes with Ainos, SurModics, LENSAR, IRIDEX, Icecure Medical, Tenon Medical, and Brainsway. ECGI Holdings, Inc., through its subsidiary, operates in the cardiac medical device innovation, patient monitoring, and ... More
ECGI Holdings 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 ECGI Holdings' 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 ECGI Holdings upside and downside potential and time the market with a certain degree of confidence.
Downside Deviation | 18.48 | |||
Information Ratio | 0.0846 | |||
Maximum Drawdown | 97.59 | |||
Value At Risk | (23.08) | |||
Potential Upside | 36.96 |
ECGI Holdings Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ECGI Holdings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ECGI Holdings' standard deviation. In reality, there are many statistical measures that can use ECGI Holdings historical prices to predict the future ECGI Holdings' volatility.Risk Adjusted Performance | 0.0645 | |||
Jensen Alpha | 1.62 | |||
Total Risk Alpha | (0.81) | |||
Sortino Ratio | 0.0923 | |||
Treynor Ratio | 0.8691 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of ECGI Holdings' 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.
ECGI Holdings Backtested Returns
ECGI Holdings is out of control given 3 months investment horizon. ECGI Holdings secures Sharpe Ratio (or Efficiency) of 0.13, which denotes the company had a 0.13% return per unit of return volatility over the last 3 months. We were able to analyze and collect data for twenty-seven different technical indicators, which can help you to evaluate if expected returns of 2.49% are justified by taking the suggested risk. Use ECGI Holdings downside deviation of 18.48, and Mean Deviation of 14.12 to evaluate company specific risk that cannot be diversified away. ECGI Holdings holds a performance score of 9 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of 2.05, which means a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, ECGI Holdings will likely underperform. Use ECGI Holdings coefficient of variation, maximum drawdown, skewness, as well as the relationship between the total risk alpha and downside variance , to analyze future returns on ECGI Holdings.
Auto-correlation | -0.18 |
Insignificant reverse predictability
ECGI Holdings has insignificant reverse predictability. Overlapping area represents the amount of predictability between ECGI Holdings time series from 23rd of February 2024 to 24th of March 2024 and 24th of March 2024 to 23rd 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 ECGI Holdings price movement. The serial correlation of -0.18 indicates that over 18.0% of current ECGI Holdings price fluctuation can be explain by its past prices.
Correlation Coefficient | -0.18 | |
Spearman Rank Test | 0.26 | |
Residual Average | 0.0 | |
Price Variance | 0.0 |
ECGI Holdings lagged returns against current returns
Autocorrelation, which is ECGI Holdings 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 ECGI Holdings' pink sheet expected returns. We can calculate the autocorrelation of ECGI Holdings returns to help us make a trade decision. For example, suppose you find that ECGI Holdings 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 |
ECGI Holdings 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 ECGI Holdings pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ECGI Holdings pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ECGI Holdings pink sheet over time.
Current vs Lagged Prices |
Timeline |
ECGI Holdings Lagged Returns
When evaluating ECGI Holdings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ECGI Holdings pink sheet have on its future price. ECGI Holdings 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, ECGI Holdings autocorrelation shows the relationship between ECGI Holdings pink sheet current value and its past values and can show if there is a momentum factor associated with investing in ECGI Holdings.
Regressed Prices |
Timeline |
Pair Trading with ECGI Holdings
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 ECGI Holdings 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 ECGI Holdings will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to ECGI Holdings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ECGI Holdings 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 ECGI Holdings - 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 ECGI Holdings to buy it.
The correlation of ECGI Holdings 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 ECGI Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ECGI Holdings 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 ECGI Holdings 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 ECGI Holdings Correlation, ECGI Holdings Volatility and ECGI Holdings Alpha and Beta module to complement your research on ECGI Holdings. Note that the ECGI Holdings information on this page should be used as a complementary analysis to other ECGI Holdings' 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 Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
Complementary Tools for ECGI Pink Sheet analysis
When running ECGI Holdings' price analysis, check to measure ECGI Holdings' 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 ECGI Holdings is operating at the current time. Most of ECGI Holdings' value examination focuses on studying past and present price action to predict the probability of ECGI Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ECGI Holdings' price. Additionally, you may evaluate how the addition of ECGI Holdings to your portfolios can decrease your overall portfolio volatility.
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ECGI Holdings 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.