Ecare Solutions Stock Market Value
| ECSL Stock | USD 0.88 0.02 2.22% |
| Symbol | Ecare |
Ecare Solutions '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 Ecare Solutions' 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 Ecare Solutions.
| 04/25/2023 |
| 04/19/2024 |
If you would invest 0.00 in Ecare Solutions on April 25, 2023 and sell it all today you would earn a total of 0.00 from holding Ecare Solutions or generate 0.0% return on investment in Ecare Solutions over 360 days. Ecare Solutions is related to or competes with Honeywell International, MDU Resources, Compass Diversified, and Valmont Industries. EncounterCare Solutions, Inc. operates as an energy and healthcare company in the United States More
Ecare Solutions 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 Ecare Solutions' 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 Ecare Solutions upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.84 | |||
| Information Ratio | 0.0276 | |||
| Maximum Drawdown | 11.91 | |||
| Value At Risk | (4.26) | |||
| Potential Upside | 5.0 |
Ecare Solutions Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ecare Solutions' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ecare Solutions' standard deviation. In reality, there are many statistical measures that can use Ecare Solutions historical prices to predict the future Ecare Solutions' volatility.| Risk Adjusted Performance | 0.0411 | |||
| Jensen Alpha | 0.1219 | |||
| Total Risk Alpha | (0.11) | |||
| Sortino Ratio | 0.025 | |||
| Treynor Ratio | 0.976 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Ecare Solutions' 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.
Ecare Solutions Backtested Returns
We consider Ecare Solutions dangerous. Ecare Solutions secures Sharpe Ratio (or Efficiency) of 0.049, which denotes the company had a 0.049% return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for Ecare Solutions, which you can use to evaluate the volatility of the firm. Please confirm Ecare Solutions' Downside Deviation of 2.84, semi deviation of 2.12, and Mean Deviation of 1.98 to check if the risk estimate we provide is consistent with the expected return of 0.12%. Ecare Solutions has a performance score of 3 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.13, which means not very significant fluctuations relative to the market. As returns on the market increase, Ecare Solutions' returns are expected to increase less than the market. However, during the bear market, the loss of holding Ecare Solutions is expected to be smaller as well. Ecare Solutions right now shows a risk of 2.54%. Please confirm Ecare Solutions coefficient of variation, semi variance, price action indicator, as well as the relationship between the treynor ratio and daily balance of power , to decide if Ecare Solutions will be following its price patterns.
Auto-correlation | 0.04 |
Virtually no predictability
Ecare Solutions has virtually no predictability. Overlapping area represents the amount of predictability between Ecare Solutions time series from 25th of April 2023 to 22nd of October 2023 and 22nd of October 2023 to 19th 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 Ecare Solutions price movement. The serial correlation of 0.04 indicates that only as little as 4.0% of current Ecare Solutions price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.04 | |
| Spearman Rank Test | -0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Ecare Solutions lagged returns against current returns
Autocorrelation, which is Ecare Solutions 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 Ecare Solutions' pink sheet expected returns. We can calculate the autocorrelation of Ecare Solutions returns to help us make a trade decision. For example, suppose you find that Ecare Solutions 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 |
Ecare Solutions 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 Ecare Solutions pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ecare Solutions pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ecare Solutions pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Ecare Solutions Lagged Returns
When evaluating Ecare Solutions' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ecare Solutions pink sheet have on its future price. Ecare Solutions 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, Ecare Solutions autocorrelation shows the relationship between Ecare Solutions pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Ecare Solutions.
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 Ecare Solutions 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, Ecare Solutions' short interest history, or implied volatility extrapolated from Ecare Solutions options trading.
Pair Trading with Ecare Solutions
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 Ecare Solutions 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 Ecare Solutions will appreciate offsetting losses from the drop in the long position's value.Moving against Ecare Pink Sheet
| 0.48 | AMPH | Amphastar P Financial Report 14th of May 2024 | PairCorr |
| 0.44 | MMSI | Merit Medical Systems Financial Report 24th of April 2024 | PairCorr |
The ability to find closely correlated positions to Ecare Solutions could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ecare Solutions 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 Ecare Solutions - 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 Ecare Solutions to buy it.
The correlation of Ecare Solutions 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 Ecare Solutions moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ecare Solutions 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 Ecare Solutions 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 Ecare Solutions Correlation, Ecare Solutions Volatility and Ecare Solutions Alpha and Beta module to complement your research on Ecare Solutions. You can also try the Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.
Complementary Tools for Ecare Pink Sheet analysis
When running Ecare Solutions' price analysis, check to measure Ecare Solutions' 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 Ecare Solutions is operating at the current time. Most of Ecare Solutions' value examination focuses on studying past and present price action to predict the probability of Ecare Solutions' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ecare Solutions' price. Additionally, you may evaluate how the addition of Ecare Solutions to your portfolios can decrease your overall portfolio volatility.
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Ecare Solutions 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.