Ecn Capital Corp Stock Market Value

ECN Stock  CAD 1.72  0.07  3.91%   
ECN Capital's market value is the price at which a share of ECN Capital trades on a public exchange. It measures the collective expectations of ECN Capital Corp investors about its performance. ECN Capital is selling at 1.72 as of the 21st of April 2024; that is -3.91% down since the beginning of the trading day. The stock's open price was 1.79.
With this module, you can estimate the performance of a buy and hold strategy of ECN Capital Corp and determine expected loss or profit from investing in ECN Capital over a given investment horizon. Check out ECN Capital Correlation, ECN Capital Volatility and ECN Capital Alpha and Beta module to complement your research on ECN Capital.
Symbol

ECN Capital Corp Price To Book Ratio

Please note, there is a significant difference between ECN Capital's value and its price as these two are different measures arrived at by different means. Investors typically determine if ECN Capital is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ECN Capital'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.

ECN Capital '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 ECN Capital'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 ECN Capital.
0.00
05/02/2022
No Change 0.00  0.0 
In 1 year 11 months and 22 days
04/21/2024
0.00
If you would invest  0.00  in ECN Capital on May 2, 2022 and sell it all today you would earn a total of 0.00 from holding ECN Capital Corp or generate 0.0% return on investment in ECN Capital over 720 days. ECN Capital is related to or competes with Fiera Capital, and Firm Capital. ECN Capital Corp. originates, manages, and advises on prime consumer credit portfolios primarily in the United States More

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

ECN Capital Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for ECN Capital's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ECN Capital's standard deviation. In reality, there are many statistical measures that can use ECN Capital historical prices to predict the future ECN Capital's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of ECN Capital'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.
Hype
Prediction
LowEstimatedHigh
0.091.725.85
Details
Intrinsic
Valuation
LowRealHigh
0.081.685.81
Details
Naive
Forecast
LowNextHigh
0.031.655.77
Details
Earnings
Estimates (0)
LowProjected EPSHigh
0.000.010.03
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as ECN Capital. Your research has to be compared to or analyzed against ECN Capital's peers to derive any actionable benefits. When done correctly, ECN Capital's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in ECN Capital Corp.

ECN Capital Corp Backtested Returns

ECN Capital Corp secures Sharpe Ratio (or Efficiency) of -0.17, which denotes the company had a -0.17% return per unit of risk over the last 3 months. ECN Capital Corp exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm ECN Capital's Coefficient Of Variation of (611.36), standard deviation of 4.07, and Mean Deviation of 2.25 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.8, 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, ECN Capital will likely underperform. ECN Capital Corp has an expected return of -0.68%. Please make sure to confirm ECN Capital Corp maximum drawdown, daily balance of power, period momentum indicator, as well as the relationship between the skewness and day typical price , to decide if ECN Capital Corp performance from the past will be repeated in the future.

Auto-correlation

    
  0.40  

Average predictability

ECN Capital Corp has average predictability. Overlapping area represents the amount of predictability between ECN Capital time series from 2nd of May 2022 to 27th of April 2023 and 27th of April 2023 to 21st 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 ECN Capital Corp price movement. The serial correlation of 0.4 indicates that just about 40.0% of current ECN Capital price fluctuation can be explain by its past prices.
Correlation Coefficient0.4
Spearman Rank Test0.24
Residual Average0.0
Price Variance0.12

ECN Capital Corp lagged returns against current returns

Autocorrelation, which is ECN Capital 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 ECN Capital's stock expected returns. We can calculate the autocorrelation of ECN Capital returns to help us make a trade decision. For example, suppose you find that ECN Capital 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 price movement to match the lagging time series.
   Current and Lagged Values   
       Timeline  

ECN Capital 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 ECN Capital stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ECN Capital stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ECN Capital stock over time.
   Current vs Lagged Prices   
       Timeline  

ECN Capital Lagged Returns

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

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards ECN Capital in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, ECN Capital's short interest history, or implied volatility extrapolated from ECN Capital options trading.

Pair Trading with ECN Capital

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 ECN Capital 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 ECN Capital will appreciate offsetting losses from the drop in the long position's value.

Moving together with ECN Stock

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Moving against ECN Stock

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  0.81FURY Fury Gold MinesPairCorr
  0.72CSH-UN Chartwell RetirementPairCorr
  0.7TXT-UN Top 10 SplitPairCorr
  0.59BHC Bausch Health CompaniesPairCorr
The ability to find closely correlated positions to ECN Capital could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ECN Capital 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 ECN Capital - 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 ECN Capital Corp to buy it.
The correlation of ECN Capital 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 ECN Capital moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ECN Capital Corp 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 ECN Capital 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.
Pair CorrelationCorrelation Matching
Check out ECN Capital Correlation, ECN Capital Volatility and ECN Capital Alpha and Beta module to complement your research on ECN Capital.
You can also try the FinTech Suite module to use AI to screen and filter profitable investment opportunities.

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