Electrocore Stock Market Value

ECOR -  USA Stock  

USD 1.00  0.02  1.96%

Electrocore's market value is the price at which a share of Electrocore stock trades on a public exchange. It measures the collective expectations of Electrocore investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of Electrocore and determine expected loss or profit from investing in Electrocore over a given investment horizon. Continue to Electrocore Hype Analysis, Electrocore Correlation, Electrocore Valuation, Electrocore Volatility, as well as analyze Electrocore Alpha and Beta and Electrocore Performance.
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The market value of Electrocore is measured differently than its book value, which is the value of Electrocore that is recorded on the company's balance sheet. Investors also form their own opinion of Electrocore's value that differs from its market value or its book value, called intrinsic value, which is Electrocore'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 Electrocore's market value can be influenced by many factors that don't directly affect Electrocore 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 Electrocore's value and its price as these two are different measures arrived at by different means. Investors typically determine Electrocore value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Electrocore'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.

Electrocore '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 Electrocore'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 Electrocore.
0.00
10/29/2019
No Change 0.00  0.0 
In 1 year 11 months and 21 days
10/18/2021
0.00
If you would invest  0.00  in Electrocore on October 29, 2019 and sell it all today you would earn a total of 0.00 from holding Electrocore or generate 0.0% return on investment in Electrocore over 720 days. Electrocore is related to or competes with Alcon, Angiodynamics, Atricure, Atrion Corp, Antares Pharma, Baxter International, and Becton Dickinson. electroCore, Inc., a commercial stage medical device company, engages in the development and commercialization of a rang...

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

Electrocore Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Electrocore's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Electrocore's standard deviation. In reality, there are many statistical measures that can use Electrocore historical prices to predict the future Electrocore's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Electrocore'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 Electrocore in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
0.051.004.36
Details
Intrinsic
Valuation
LowReal ValueHigh
0.081.564.92
Details
Naive
Forecast
LowNext ValueHigh
0.0189370.954.31
Details
3 Analysts
Consensus
LowTarget PriceHigh
3.003.444.75
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Electrocore. Your research has to be compared to or analyzed against Electrocore's peers to derive any actionable benefits. When done correctly, Electrocore'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 Electrocore.

Electrocore Backtested Returns

Electrocore secures Sharpe Ratio (or Efficiency) of -0.0237, which denotes the company had -0.0237% 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. Electrocore exposes twenty-one different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Electrocore coefficient of variation of (19,407), and Mean Deviation of 2.43 to check the risk estimate we provide.
The firm shows a Beta (market volatility) of 0.5778, which means possible diversification benefits within a given portfolio. Let's try to break down what Electrocore's beta means in this case. As returns on the market increase, Electrocore returns are expected to increase less than the market. However, during the bear market, the loss on holding Electrocore will be expected to be smaller as well. Even though it is essential to pay attention to Electrocore 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. Electrocore exposes twenty-one different technical indicators, which can help you to evaluate its performance. Electrocore has an expected return of -0.0798%. Please be advised to confirm Electrocore variance, as well as the relationship between the value at risk and skewness to decide if Electrocore performance from the past will be repeated at some point in the near future.
AdviceVolatility TrendExposureCorrelations

Auto-correlation

    
  (0.57)   

Good reverse predictability

Electrocore has good reverse predictability. Overlapping area represents the amount of predictability between Electrocore time series from 29th of October 2019 to 23rd of October 2020 and 23rd of October 2020 to 18th 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 Electrocore price movement. The serial correlation of -0.57 indicates that roughly 57.0% of current Electrocore price fluctuation can be explain by its past prices. Given that Electrocore has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Electrocore for similar time interval.
Correlation Coefficient-0.57
Spearman Rank Test0.02
Residual Average0.0
Price Variance0.27

Electrocore lagged returns against current returns

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

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

Electrocore Lagged Returns

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

Electrocore Investors Sentiment

The influence of Electrocore'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 Electrocore. 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 - ECOR

Electrocore Investor Sentiment

Most of Macroaxis users are currently bullish on Electrocore. What is your opinion about investing in Electrocore? Are you bullish or bearish?
Bullish
Bearish
98% Bullish
2% Bearish
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Pair Trading with Electrocore

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

Electrocore Pair Correlation

Equities Pair Trading Analysis

Correlation analysis and pair trading evaluation for Electrocore and Alcon Inc. 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 Electrocore Hype Analysis, Electrocore Correlation, Electrocore Valuation, Electrocore Volatility, as well as analyze Electrocore Alpha and Beta and Electrocore Performance. Note that the Electrocore information on this page should be used as a complementary analysis to other Electrocore'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 Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.

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