El Capitan Prec Stock Market Value
| ECPN Stock | USD 0.0001 0.00 0.00% |
| Symbol | ECPN |
El Capitan '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 El Capitan's 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 El Capitan.
| 03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in El Capitan on March 26, 2024 and sell it all today you would earn a total of 0.00 from holding El Capitan Prec or generate 0.0% return on investment in El Capitan over 30 days. El Capitan is related to or competes with Adriatic Metals, and Amarc Resources. El Capitan Precious Metals, Inc., an exploration stage company, engages in the mining of precious metals and other miner... More
El Capitan 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 El Capitan's 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 El Capitan Prec upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 195.0 |
El Capitan Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for El Capitan's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as El Capitan's standard deviation. In reality, there are many statistical measures that can use El Capitan historical prices to predict the future El Capitan's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.61) | |||
| Total Risk Alpha | (3.18) | |||
| Treynor Ratio | 0.7117 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of El Capitan'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.
El Capitan Prec Backtested Returns
El Capitan Prec retains Efficiency (Sharpe Ratio) of -0.13, which denotes the company had a -0.13% return per unit of price deviation over the last 3 months. El Capitan exposes sixteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm El Capitan's Information Ratio of (0.04), market risk adjusted performance of 0.7217, and Standard Deviation of 18.18 to check the risk estimate we provide. The firm owns a Beta (Systematic Risk) of -0.97, which means possible diversification benefits within a given portfolio. As the market becomes more bullish, returns on owning El Capitan are expected to decrease slowly. On the other hand, during market turmoil, El Capitan is expected to outperform it slightly. El Capitan Prec has an expected return of -1.53%. Please make sure to confirm El Capitan Prec risk adjusted performance, variance, as well as the relationship between the Variance and kurtosis , to decide if El Capitan Prec performance from the past will be repeated in the future.
Auto-correlation | 0.00 |
No correlation between past and present
El Capitan Prec has no correlation between past and present. Overlapping area represents the amount of predictability between El Capitan time series from 26th of March 2024 to 10th of April 2024 and 10th of April 2024 to 25th 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 El Capitan Prec price movement. The serial correlation of 0.0 indicates that just 0.0% of current El Capitan price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
El Capitan Prec lagged returns against current returns
Autocorrelation, which is El Capitan 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 El Capitan's pink sheet expected returns. We can calculate the autocorrelation of El Capitan returns to help us make a trade decision. For example, suppose you find that El Capitan 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 |
El Capitan 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 El Capitan pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if El Capitan pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in El Capitan pink sheet over time.
Current vs Lagged Prices |
| Timeline |
El Capitan Lagged Returns
When evaluating El Capitan's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of El Capitan pink sheet have on its future price. El Capitan 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, El Capitan autocorrelation shows the relationship between El Capitan pink sheet current value and its past values and can show if there is a momentum factor associated with investing in El Capitan Prec.
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 El Capitan 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, El Capitan's short interest history, or implied volatility extrapolated from El Capitan options trading.
Pair Trading with El Capitan
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 El Capitan 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 El Capitan will appreciate offsetting losses from the drop in the long position's value.Moving against ECPN Pink Sheet
| 0.87 | CHKEL | Chesapeake Energy | PairCorr |
| 0.85 | NVDA | NVIDIA Financial Report 22nd of May 2024 | PairCorr |
| 0.83 | XOM | Exxon Mobil Corp Earnings Call Tomorrow | PairCorr |
| 0.8 | CHKEZ | Chesapeake Energy | PairCorr |
| 0.72 | MAPSW | WM Technology | PairCorr |
The ability to find closely correlated positions to El Capitan could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace El Capitan 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 El Capitan - 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 El Capitan Prec to buy it.
The correlation of El Capitan 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 El Capitan moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if El Capitan Prec 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 El Capitan 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 El Capitan Correlation, El Capitan Volatility and El Capitan Alpha and Beta module to complement your research on El Capitan. You can also try the Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.
Complementary Tools for ECPN Pink Sheet analysis
When running El Capitan's price analysis, check to measure El Capitan'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 El Capitan is operating at the current time. Most of El Capitan's value examination focuses on studying past and present price action to predict the probability of El Capitan's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move El Capitan's price. Additionally, you may evaluate how the addition of El Capitan to your portfolios can decrease your overall portfolio volatility.
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El Capitan 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.