Econocom Group (Belgium) Market Value
| ECONB Stock | EUR 1.84 0.03 1.60% |
| Symbol | Econocom |
Econocom Group '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 Econocom Group'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 Econocom Group.
| 06/21/2024 |
| 12/18/2024 |
If you would invest 0.00 in Econocom Group on June 21, 2024 and sell it all today you would earn a total of 0.00 from holding Econocom Group SANV or generate 0.0% return on investment in Econocom Group over 180 days. Econocom Group is related to or competes with Ion Beam, AGFA Gevaert, Exmar NV, Iep Invest, Unifiedpost Group, and Montea CVA. Econocom Group SE conceives, finances, and facilitates the digital transformation of large firms and public organization... More
Econocom Group 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 Econocom Group'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 Econocom Group SANV upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 9.57 | |||
| Value At Risk | (2.54) | |||
| Potential Upside | 1.52 |
Econocom Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Econocom Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Econocom Group's standard deviation. In reality, there are many statistical measures that can use Econocom Group historical prices to predict the future Econocom Group's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (0.25) | |||
| Treynor Ratio | (8.09) |
Econocom Group SANV Backtested Returns
Econocom Group SANV secures Sharpe Ratio (or Efficiency) of -0.1, which denotes the company had a -0.1% return per unit of risk over the last 3 months. Econocom Group SANV exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Econocom Group's Standard Deviation of 1.45, mean deviation of 1.03, and Variance of 2.11 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.0165, which means not very significant fluctuations relative to the market. As returns on the market increase, Econocom Group's returns are expected to increase less than the market. However, during the bear market, the loss of holding Econocom Group is expected to be smaller as well. At this point, Econocom Group SANV has a negative expected return of -0.15%. Please make sure to confirm Econocom Group's maximum drawdown, daily balance of power, period momentum indicator, as well as the relationship between the skewness and day typical price , to decide if Econocom Group SANV performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.28 |
Poor predictability
Econocom Group SANV has poor predictability. Overlapping area represents the amount of predictability between Econocom Group time series from 21st of June 2024 to 19th of September 2024 and 19th of September 2024 to 18th 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 Econocom Group SANV price movement. The serial correlation of 0.28 indicates that nearly 28.0% of current Econocom Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.28 | |
| Spearman Rank Test | -0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Econocom Group SANV lagged returns against current returns
Autocorrelation, which is Econocom Group 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 Econocom Group's stock expected returns. We can calculate the autocorrelation of Econocom Group returns to help us make a trade decision. For example, suppose you find that Econocom Group 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 |
Econocom Group 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 Econocom Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Econocom Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Econocom Group stock over time.
Current vs Lagged Prices |
| Timeline |
Econocom Group Lagged Returns
When evaluating Econocom Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Econocom Group stock have on its future price. Econocom Group 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, Econocom Group autocorrelation shows the relationship between Econocom Group stock current value and its past values and can show if there is a momentum factor associated with investing in Econocom Group SANV.
Regressed Prices |
| Timeline |
Pair Trading with Econocom Group
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 Econocom Group 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 Econocom Group will appreciate offsetting losses from the drop in the long position's value.Moving against Econocom Stock
The ability to find closely correlated positions to Econocom Group could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Econocom Group 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 Econocom Group - 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 Econocom Group SANV to buy it.
The correlation of Econocom Group 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 Econocom Group moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Econocom Group SANV 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 Econocom Group 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.Other Information on Investing in Econocom Stock
Econocom Group financial ratios help investors to determine whether Econocom 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 Econocom with respect to the benefits of owning Econocom Group security.