Eco Depot Stock Market Value
| ECDP Stock | USD 0.03 0.01 16.39% |
| Symbol | Eco |
Eco Depot '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 Eco Depot'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 Eco Depot.
| 12/14/2022 |
| 12/03/2024 |
If you would invest 0.00 in Eco Depot on December 14, 2022 and sell it all today you would earn a total of 0.00 from holding Eco Depot or generate 0.0% return on investment in Eco Depot over 720 days. Eco Depot is related to or competes with Cardiff Lexington. Eco Depot Inc., a development stage company, focuses on the distribution of environmental friendly and green energy prod... More
Eco Depot 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 Eco Depot'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 Eco Depot upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 84.64 | |||
| Value At Risk | (25.58) | |||
| Potential Upside | 33.33 |
Eco Depot Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Eco Depot's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Eco Depot's standard deviation. In reality, there are many statistical measures that can use Eco Depot historical prices to predict the future Eco Depot's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (2.90) | |||
| Treynor Ratio | 0.232 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Eco Depot'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.
Eco Depot Backtested Returns
Eco Depot secures Sharpe Ratio (or Efficiency) of -0.0242, which denotes the company had a -0.0242% return per unit of risk over the last 3 months. Eco Depot exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Eco Depot's Standard Deviation of 17.57, mean deviation of 13.12, and Variance of 308.57 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -1.19, which means a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Eco Depot are expected to decrease by larger amounts. On the other hand, during market turmoil, Eco Depot is expected to outperform it. At this point, Eco Depot has a negative expected return of -0.41%. Please make sure to confirm Eco Depot's value at risk, as well as the relationship between the accumulation distribution and day typical price , to decide if Eco Depot performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.47 |
Modest reverse predictability
Eco Depot has modest reverse predictability. Overlapping area represents the amount of predictability between Eco Depot time series from 14th of December 2022 to 9th of December 2023 and 9th of December 2023 to 3rd 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 Eco Depot price movement. The serial correlation of -0.47 indicates that about 47.0% of current Eco Depot price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.47 | |
| Spearman Rank Test | -0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Eco Depot lagged returns against current returns
Autocorrelation, which is Eco Depot 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 Eco Depot's pink sheet expected returns. We can calculate the autocorrelation of Eco Depot returns to help us make a trade decision. For example, suppose you find that Eco Depot 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 |
Eco Depot 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 Eco Depot pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Eco Depot pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Eco Depot pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Eco Depot Lagged Returns
When evaluating Eco Depot's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Eco Depot pink sheet have on its future price. Eco Depot 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, Eco Depot autocorrelation shows the relationship between Eco Depot pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Eco Depot.
Regressed Prices |
| Timeline |
Pair Trading with Eco Depot
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 Eco Depot 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 Eco Depot will appreciate offsetting losses from the drop in the long position's value.Moving together with Eco Pink Sheet
Moving against Eco Pink Sheet
| 0.85 | PTAIF | PT Astra International | PairCorr |
| 0.84 | SSNLF | Samsung Electronics | PairCorr |
| 0.68 | MET | MetLife | PairCorr |
| 0.61 | ESLAW | Estrella Immunopharma | PairCorr |
| 0.43 | HLDCY | Henderson Land Devel | PairCorr |
The ability to find closely correlated positions to Eco Depot could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Eco Depot 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 Eco Depot - 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 Eco Depot to buy it.
The correlation of Eco Depot 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 Eco Depot moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Eco Depot 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 Eco Depot 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.Additional Tools for Eco Pink Sheet Analysis
When running Eco Depot's price analysis, check to measure Eco Depot'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 Eco Depot is operating at the current time. Most of Eco Depot's value examination focuses on studying past and present price action to predict the probability of Eco Depot's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Eco Depot's price. Additionally, you may evaluate how the addition of Eco Depot to your portfolios can decrease your overall portfolio volatility.