US Ecology Stock Market Value

ECOL -  USA Stock  

USD 31.52  0.04  0.13%

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


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

US Ecology '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 US Ecology'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 US Ecology.
0.00
08/22/2021
No Change 0.00  0.0 
In 2 months and 1 day
10/21/2021
0.00
If you would invest  0.00  in US Ecology on August 22, 2021 and sell it all today you would earn a total of 0.00 from holding US Ecology or generate 0.0% return on investment in US Ecology over 60 days. US Ecology is related to or competes with Gfl Environmental, Nuverra Environmental, Charah Solutions, Heritage Crystal, Aqua Metals, and Casella Waste. US Ecology, Inc., through its subsidiaries, provides environmental services to commercial and government entities in the...

US Ecology 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 US Ecology'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 US Ecology upside and downside potential and time the market with a certain degree of confidence.

US Ecology Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for US Ecology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as US Ecology's standard deviation. In reality, there are many statistical measures that can use US Ecology historical prices to predict the future US Ecology's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of US Ecology'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 US Ecology in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
29.5731.5833.59
Details
Intrinsic
Valuation
LowReal ValueHigh
28.4036.8838.89
Details
2 Analysts
Consensus
LowTarget PriceHigh
42.0042.0042.00
Details
Earnings
Estimates (2)
LowProjected EPSHigh
0.450.500.56
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as US Ecology. Your research has to be compared to or analyzed against US Ecology's peers to derive any actionable benefits. When done correctly, US Ecology'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 US Ecology.

US Ecology Backtested Returns

US Ecology retains Efficiency (Sharpe Ratio) of -0.11, which indicates the firm had -0.11% of return per unit of price deviation over the last 3 months. Macroaxis approach towards measuring 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. US Ecology exposes twenty-one different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to validate US Ecology risk adjusted performance of (0.07), and Mean Deviation of 1.45 to confirm the risk estimate we provide.
The entity owns a Beta (Systematic Risk) of 1.2727, which indicates a somewhat significant risk relative to the market. Let's try to break down what US Ecology's beta means in this case. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, US Ecology will likely underperform. Even though it is essential to pay attention to US Ecology existing price patterns, it is always good to be careful when utilizing equity price patterns. Our approach towards measuring 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. US Ecology exposes twenty-one different technical indicators, which can help you to evaluate its performance. US Ecology has an expected return of -0.23%. Please be advised to validate US Ecology information ratio, and the relationship between the downside deviation and value at risk to decide if US Ecology performance from the past will be repeated at some future date.
AdviceVolatility TrendExposureCorrelations

Auto-correlation

    
   0.54   

Modest predictability

US Ecology has modest predictability. Overlapping area represents the amount of predictability between US Ecology time series from 22nd of August 2021 to 21st of September 2021 and 21st of September 2021 to 21st of October 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 US Ecology price movement. The serial correlation of 0.54 indicates that about 54.0% of current US Ecology price fluctuation can be explain by its past prices.
Correlation Coefficient0.54
Spearman Rank Test0.61
Residual Average0.0
Price Variance1.73

US Ecology lagged returns against current returns

Autocorrelation, which is US Ecology 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 US Ecology's stock expected returns. We can calculate the autocorrelation of US Ecology returns to help us make a trade decision. For example, suppose you find that US Ecology 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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      Timeline 

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

US Ecology Lagged Returns

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

Be your own money manager

Our tools can tell you how much better you can do entering a position in US Ecology without increasing your portfolio risk or giving up expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate.risk-adjusted returns of your individual positions relative to your overall portfolio.

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Pair Trading with US Ecology

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 US Ecology 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 US Ecology will appreciate offsetting losses from the drop in the long position's value.

US Ecology Pair Correlation

Equities Pair Trading Analysis

Correlation analysis and pair trading evaluation for US Ecology and Gfl Environmental. 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
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Continue to US Ecology Hype Analysis, US Ecology Correlation, US Ecology Valuation, US Ecology Volatility, as well as analyze US Ecology Alpha and Beta and US Ecology Performance. Note that the US Ecology information on this page should be used as a complementary analysis to other US Ecology'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 Global Correlations module to find global opportunities by holding instruments from different markets.

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