Emera Incorporated Stock Market Value
| ERRAF Stock | USD 16.00 0.00 0.00% |
| Symbol | Emera |
Emera Incorporated '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 Emera Incorporated'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 Emera Incorporated.
| 04/23/2023 |
| 04/17/2024 |
If you would invest 0.00 in Emera Incorporated on April 23, 2023 and sell it all today you would earn a total of 0.00 from holding Emera Incorporated or generate 0.0% return on investment in Emera Incorporated over 360 days. Emera Incorporated is related to or competes with PacifiCorp, Microsoft, HP, ATT, Verizon Communications, McDonalds, and Caterpillar. Emera Incorporated, an energy and services company, through its subsidiaries, engages in the generation, transmission, a... More
Emera Incorporated 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 Emera Incorporated'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 Emera Incorporated upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 13.94 | |||
| Value At Risk | (2.41) |
Emera Incorporated Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Emera Incorporated's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Emera Incorporated's standard deviation. In reality, there are many statistical measures that can use Emera Incorporated historical prices to predict the future Emera Incorporated's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.18) | |||
| Treynor Ratio | 0.0822 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Emera Incorporated'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.
Emera Incorporated Backtested Returns
Emera Incorporated secures Sharpe Ratio (or Efficiency) of -0.0263, which denotes the company had a -0.0263% return per unit of risk over the last 3 months. Emera Incorporated exposes eighteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Emera Incorporated's Mean Deviation of 0.5158, variance of 2.99, and Standard Deviation of 1.73 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.62, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Emera Incorporated are expected to decrease at a much lower rate. During the bear market, Emera Incorporated is likely to outperform the market. Emera Incorporated has an expected return of -0.0451%. Please make sure to confirm Emera Incorporated maximum drawdown, and the relationship between the variance and kurtosis , to decide if Emera Incorporated performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.35 |
Poor reverse predictability
Emera Incorporated has poor reverse predictability. Overlapping area represents the amount of predictability between Emera Incorporated time series from 23rd of April 2023 to 20th of October 2023 and 20th of October 2023 to 17th 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 Emera Incorporated price movement. The serial correlation of -0.35 indicates that nearly 35.0% of current Emera Incorporated price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.35 | |
| Spearman Rank Test | -0.64 | |
| Residual Average | 0.0 | |
| Price Variance | 2.0 |
Emera Incorporated lagged returns against current returns
Autocorrelation, which is Emera Incorporated 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 Emera Incorporated's pink sheet expected returns. We can calculate the autocorrelation of Emera Incorporated returns to help us make a trade decision. For example, suppose you find that Emera Incorporated 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 |
Emera Incorporated 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 Emera Incorporated pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Emera Incorporated pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Emera Incorporated pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Emera Incorporated Lagged Returns
When evaluating Emera Incorporated's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Emera Incorporated pink sheet have on its future price. Emera Incorporated 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, Emera Incorporated autocorrelation shows the relationship between Emera Incorporated pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Emera Incorporated.
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 Emera Incorporated 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, Emera Incorporated's short interest history, or implied volatility extrapolated from Emera Incorporated options trading.
Pair Trading with Emera Incorporated
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 Emera Incorporated 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 Emera Incorporated will appreciate offsetting losses from the drop in the long position's value.Moving against Emera Pink Sheet
| 0.65 | AXP | American Express Earnings Call This Week | PairCorr |
| 0.62 | DUK-PA | Duke Energy | PairCorr |
| 0.62 | META | Meta Platforms Earnings Call This Week | PairCorr |
| 0.55 | NVDA | NVIDIA Aggressive Push | PairCorr |
| 0.54 | AMZN | Amazon Inc Earnings Call Next Week | PairCorr |
The ability to find closely correlated positions to Emera Incorporated could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Emera Incorporated 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 Emera Incorporated - 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 Emera Incorporated to buy it.
The correlation of Emera Incorporated 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 Emera Incorporated moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Emera Incorporated 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 Emera Incorporated 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 Emera Incorporated Correlation, Emera Incorporated Volatility and Emera Incorporated Alpha and Beta module to complement your research on Emera Incorporated. Note that the Emera Incorporated information on this page should be used as a complementary analysis to other Emera Incorporated'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 the Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.
Complementary Tools for Emera Pink Sheet analysis
When running Emera Incorporated's price analysis, check to measure Emera Incorporated'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 Emera Incorporated is operating at the current time. Most of Emera Incorporated's value examination focuses on studying past and present price action to predict the probability of Emera Incorporated's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Emera Incorporated's price. Additionally, you may evaluate how the addition of Emera Incorporated to your portfolios can decrease your overall portfolio volatility.
| Competition Analyzer Analyze and compare many basic indicators for a group of related or unrelated entities | |
| Sectors List of equity sectors categorizing publicly traded companies based on their primary business activities | |
| Fundamentals Comparison Compare fundamentals across multiple equities to find investing opportunities | |
| Portfolio Dashboard Portfolio dashboard that provides centralized access to all your investments | |
| Efficient Frontier Plot and analyze your portfolio and positions against risk-return landscape of the market. | |
| Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated | |
| My Watchlist Analysis Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like | |
| Earnings Calls Check upcoming earnings announcements updated hourly across public exchanges |
Emera Incorporated 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.