Eastwood Bio Medical Canada Stock Market Value
| EBM Stock | CAD 0.75 0.05 6.25% |
| Symbol | Eastwood |
Eastwood Bio Medical Price To Book Ratio
Eastwood Bio-Medical '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 Eastwood Bio-Medical'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 Eastwood Bio-Medical.
| 12/11/2022 |
| 11/30/2024 |
If you would invest 0.00 in Eastwood Bio-Medical on December 11, 2022 and sell it all today you would earn a total of 0.00 from holding Eastwood Bio Medical Canada or generate 0.0% return on investment in Eastwood Bio-Medical over 720 days. Eastwood Bio-Medical is related to or competes with Covalon Technologies, Arch Biopartners, and British Amer. Eastwood Bio-Medical Canada Inc. researches and develops natural health products in North America and Asia More
Eastwood Bio-Medical 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 Eastwood Bio-Medical'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 Eastwood Bio Medical Canada upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 20.35 | |||
| Information Ratio | 0.0965 | |||
| Maximum Drawdown | 150.12 | |||
| Value At Risk | (23.47) | |||
| Potential Upside | 25.0 |
Eastwood Bio-Medical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Eastwood Bio-Medical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Eastwood Bio-Medical's standard deviation. In reality, there are many statistical measures that can use Eastwood Bio-Medical historical prices to predict the future Eastwood Bio-Medical's volatility.| Risk Adjusted Performance | 0.0883 | |||
| Jensen Alpha | 2.67 | |||
| Total Risk Alpha | (1.40) | |||
| Sortino Ratio | 0.1029 | |||
| Treynor Ratio | (0.64) |
Eastwood Bio Medical Backtested Returns
Eastwood Bio-Medical is out of control given 3 months investment horizon. Eastwood Bio Medical secures Sharpe Ratio (or Efficiency) of 0.0936, which denotes the company had a 0.0936% return per unit of risk over the last 3 months. We were able to interpolate twenty-eight different technical indicators, which can help you to evaluate if expected returns of 2.05% are justified by taking the suggested risk. Use Eastwood Bio-Medical Mean Deviation of 10.78, downside deviation of 20.35, and Coefficient Of Variation of 972.15 to evaluate company specific risk that cannot be diversified away. Eastwood Bio-Medical holds a performance score of 7 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of -3.47, which means a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Eastwood Bio-Medical are expected to decrease by larger amounts. On the other hand, during market turmoil, Eastwood Bio-Medical is expected to outperform it. Use Eastwood Bio-Medical maximum drawdown and the relationship between the semi variance and price action indicator , to analyze future returns on Eastwood Bio-Medical.
Auto-correlation | -0.22 |
Weak reverse predictability
Eastwood Bio Medical Canada has weak reverse predictability. Overlapping area represents the amount of predictability between Eastwood Bio-Medical time series from 11th of December 2022 to 6th of December 2023 and 6th of December 2023 to 30th of November 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 Eastwood Bio Medical price movement. The serial correlation of -0.22 indicates that over 22.0% of current Eastwood Bio-Medical price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.22 | |
| Spearman Rank Test | -0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Eastwood Bio Medical lagged returns against current returns
Autocorrelation, which is Eastwood Bio-Medical 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 Eastwood Bio-Medical's stock expected returns. We can calculate the autocorrelation of Eastwood Bio-Medical returns to help us make a trade decision. For example, suppose you find that Eastwood Bio-Medical 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 |
Eastwood Bio-Medical 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 Eastwood Bio-Medical stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Eastwood Bio-Medical stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Eastwood Bio-Medical stock over time.
Current vs Lagged Prices |
| Timeline |
Eastwood Bio-Medical Lagged Returns
When evaluating Eastwood Bio-Medical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Eastwood Bio-Medical stock have on its future price. Eastwood Bio-Medical 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, Eastwood Bio-Medical autocorrelation shows the relationship between Eastwood Bio-Medical stock current value and its past values and can show if there is a momentum factor associated with investing in Eastwood Bio Medical Canada.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Eastwood Stock Analysis
When running Eastwood Bio-Medical's price analysis, check to measure Eastwood Bio-Medical'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 Eastwood Bio-Medical is operating at the current time. Most of Eastwood Bio-Medical's value examination focuses on studying past and present price action to predict the probability of Eastwood Bio-Medical's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Eastwood Bio-Medical's price. Additionally, you may evaluate how the addition of Eastwood Bio-Medical to your portfolios can decrease your overall portfolio volatility.