EVE Energy (China) Market Value
| 300014 Stock | 47.03 0.03 0.06% |
| Symbol | EVE |
EVE Energy '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 EVE Energy'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 EVE Energy.
| 11/28/2024 |
| 12/28/2024 |
If you would invest 0.00 in EVE Energy on November 28, 2024 and sell it all today you would earn a total of 0.00 from holding EVE Energy or generate 0.0% return on investment in EVE Energy over 30 days. EVE Energy is related to or competes with Kweichow Moutai, Contemporary Amperex, G Bits, BYD Co, Beijing Roborock, Anhui Gujing, and Anhui Gujing. EVE Energy is entity of China. It is traded as Stock on SHE exchange. More
EVE Energy 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 EVE Energy'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 EVE Energy upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.0 | |||
| Information Ratio | 0.1292 | |||
| Maximum Drawdown | 35.62 | |||
| Value At Risk | (4.87) | |||
| Potential Upside | 10.01 |
EVE Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for EVE Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as EVE Energy's standard deviation. In reality, there are many statistical measures that can use EVE Energy historical prices to predict the future EVE Energy's volatility.| Risk Adjusted Performance | 0.1162 | |||
| Jensen Alpha | 0.7353 | |||
| Total Risk Alpha | 0.5815 | |||
| Sortino Ratio | 0.1782 | |||
| Treynor Ratio | (96.72) |
EVE Energy Backtested Returns
At this point, EVE Energy is not too volatile. EVE Energy secures Sharpe Ratio (or Efficiency) of 0.0091, which denotes the company had a 0.0091% return per unit of return volatility over the last 3 months. We have found twenty-nine technical indicators for EVE Energy, which you can use to evaluate the volatility of the firm. Please confirm EVE Energy's downside deviation of 4.0, and Mean Deviation of 3.56 to check if the risk estimate we provide is consistent with the expected return of 0.0416%. The firm shows a Beta (market volatility) of -0.0076, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning EVE Energy are expected to decrease at a much lower rate. During the bear market, EVE Energy is likely to outperform the market. EVE Energy now shows a risk of 4.59%. Please confirm EVE Energy semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to decide if EVE Energy will be following its price patterns.
Auto-correlation | -0.57 |
Good reverse predictability
EVE Energy has good reverse predictability. Overlapping area represents the amount of predictability between EVE Energy time series from 28th of November 2024 to 13th of December 2024 and 13th of December 2024 to 28th of December 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 EVE Energy price movement. The serial correlation of -0.57 indicates that roughly 57.0% of current EVE Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.57 | |
| Spearman Rank Test | 0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 0.44 |
EVE Energy lagged returns against current returns
Autocorrelation, which is EVE Energy 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 EVE Energy's stock expected returns. We can calculate the autocorrelation of EVE Energy returns to help us make a trade decision. For example, suppose you find that EVE Energy 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 price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
EVE Energy 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 EVE Energy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if EVE Energy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in EVE Energy stock over time.
Current vs Lagged Prices |
| Timeline |
EVE Energy Lagged Returns
When evaluating EVE Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of EVE Energy stock have on its future price. EVE Energy 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, EVE Energy autocorrelation shows the relationship between EVE Energy stock current value and its past values and can show if there is a momentum factor associated with investing in EVE Energy.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in EVE Stock
EVE Energy financial ratios help investors to determine whether EVE Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in EVE with respect to the benefits of owning EVE Energy security.