Eco Growth Strategies Stock Market Value
| ECGS Stock | USD 0.04 0 5.26% |
| Symbol | Eco |
Eco Growth '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 Growth'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 Growth.
| 04/21/2024 |
| 12/17/2024 |
If you would invest 0.00 in Eco Growth on April 21, 2024 and sell it all today you would earn a total of 0.00 from holding Eco Growth Strategies or generate 0.0% return on investment in Eco Growth over 240 days. Eco Growth is related to or competes with WiMi Hologram, Assurant, Getty Images, National CineMedia, Direct Line, GoHealth, and United Fire. Eco-Growth Strategies Inc., a nutraceutical company, develops various CBD-based products More
Eco Growth 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 Growth'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 Growth Strategies upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 21.3 | |||
| Information Ratio | 0.0238 | |||
| Maximum Drawdown | 128.72 | |||
| Value At Risk | (31.25) | |||
| Potential Upside | 42.86 |
Eco Growth Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Eco Growth's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Eco Growth's standard deviation. In reality, there are many statistical measures that can use Eco Growth historical prices to predict the future Eco Growth's volatility.| Risk Adjusted Performance | 0.0296 | |||
| Jensen Alpha | 0.4163 | |||
| Total Risk Alpha | (1.76) | |||
| Sortino Ratio | 0.0254 | |||
| Treynor Ratio | 0.2328 |
Eco Growth Strategies Backtested Returns
Currently, Eco Growth Strategies is out of control. Eco Growth Strategies secures Sharpe Ratio (or Efficiency) of 0.0071, which denotes the company had a 0.0071% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Eco Growth Strategies, which you can use to evaluate the volatility of the firm. Please confirm Eco Growth's Downside Deviation of 21.3, coefficient of variation of 3634.17, and Mean Deviation of 14.33 to check if the risk estimate we provide is consistent with the expected return of 0.16%. The firm shows a Beta (market volatility) of 2.64, which means a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Eco Growth will likely underperform. Eco Growth Strategies right now shows a risk of 23.11%. Please confirm Eco Growth Strategies treynor ratio and the relationship between the semi variance and price action indicator , to decide if Eco Growth Strategies will be following its price patterns.
Auto-correlation | 0.13 |
Insignificant predictability
Eco Growth Strategies has insignificant predictability. Overlapping area represents the amount of predictability between Eco Growth time series from 21st of April 2024 to 19th of August 2024 and 19th of August 2024 to 17th 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 Growth Strategies price movement. The serial correlation of 0.13 indicates that less than 13.0% of current Eco Growth price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.13 | |
| Spearman Rank Test | 0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Eco Growth Strategies lagged returns against current returns
Autocorrelation, which is Eco Growth 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 Growth's pink sheet expected returns. We can calculate the autocorrelation of Eco Growth returns to help us make a trade decision. For example, suppose you find that Eco Growth 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 Growth 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 Growth pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Eco Growth 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 Growth pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Eco Growth Lagged Returns
When evaluating Eco Growth's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Eco Growth pink sheet have on its future price. Eco Growth 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 Growth autocorrelation shows the relationship between Eco Growth pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Eco Growth Strategies.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Eco Pink Sheet Analysis
When running Eco Growth's price analysis, check to measure Eco Growth'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 Growth is operating at the current time. Most of Eco Growth's value examination focuses on studying past and present price action to predict the probability of Eco Growth'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 Growth's price. Additionally, you may evaluate how the addition of Eco Growth to your portfolios can decrease your overall portfolio volatility.