EPSILON HEALTHCARE (Germany) Market Value
| 9TH0 Stock | EUR 0.01 0.00 0.00% |
| Symbol | EPSILON |
EPSILON HEALTHCARE '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 EPSILON HEALTHCARE'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 EPSILON HEALTHCARE.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in EPSILON HEALTHCARE on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding EPSILON HEALTHCARE LTD or generate 0.0% return on investment in EPSILON HEALTHCARE over 720 days. EPSILON HEALTHCARE is related to or competes with Scientific Games, Entravision Communications, Zoom Video, China Communications, GameStop Corp, SK TELECOM, and COMBA TELECOM. Epsilon Healthcare Limited operates as a healthcare and pharmaceuticals company primarily in Australia and Canada More
EPSILON HEALTHCARE 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 EPSILON HEALTHCARE'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 EPSILON HEALTHCARE LTD upside and downside potential and time the market with a certain degree of confidence.
EPSILON HEALTHCARE Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for EPSILON HEALTHCARE's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as EPSILON HEALTHCARE's standard deviation. In reality, there are many statistical measures that can use EPSILON HEALTHCARE historical prices to predict the future EPSILON HEALTHCARE's volatility.EPSILON HEALTHCARE LTD Backtested Returns
We have found three technical indicators for EPSILON HEALTHCARE LTD, which you can use to evaluate the volatility of the firm. The firm shows a Beta (market volatility) of 0.0, which means not very significant fluctuations relative to the market. the returns on MARKET and EPSILON HEALTHCARE are completely uncorrelated.
Auto-correlation | 0.08 |
Virtually no predictability
EPSILON HEALTHCARE LTD has virtually no predictability. Overlapping area represents the amount of predictability between EPSILON HEALTHCARE time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 to 2nd 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 EPSILON HEALTHCARE LTD price movement. The serial correlation of 0.08 indicates that barely 8.0% of current EPSILON HEALTHCARE price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.08 | |
| Spearman Rank Test | -0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
EPSILON HEALTHCARE LTD lagged returns against current returns
Autocorrelation, which is EPSILON HEALTHCARE 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 EPSILON HEALTHCARE's stock expected returns. We can calculate the autocorrelation of EPSILON HEALTHCARE returns to help us make a trade decision. For example, suppose you find that EPSILON HEALTHCARE 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 |
EPSILON HEALTHCARE 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 EPSILON HEALTHCARE stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if EPSILON HEALTHCARE stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in EPSILON HEALTHCARE stock over time.
Current vs Lagged Prices |
| Timeline |
EPSILON HEALTHCARE Lagged Returns
When evaluating EPSILON HEALTHCARE's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of EPSILON HEALTHCARE stock have on its future price. EPSILON HEALTHCARE 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, EPSILON HEALTHCARE autocorrelation shows the relationship between EPSILON HEALTHCARE stock current value and its past values and can show if there is a momentum factor associated with investing in EPSILON HEALTHCARE LTD.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in EPSILON Stock
EPSILON HEALTHCARE financial ratios help investors to determine whether EPSILON 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 EPSILON with respect to the benefits of owning EPSILON HEALTHCARE security.