Eestech Stock Market Value
| EESH Stock | USD 0.0004 0.00 0.00% |
| Symbol | Eestech |
Eestech '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 Eestech'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 Eestech.
| 06/05/2024 |
| 12/02/2024 |
If you would invest 0.00 in Eestech on June 5, 2024 and sell it all today you would earn a total of 0.00 from holding Eestech or generate 0.0% return on investment in Eestech over 180 days. Eestech is related to or competes with Bion Environmental, Vow ASA, and TOMI Environmental. EESTech, Inc. provides waste management solutions to the mining and minerals processing industries worldwide More
Eestech 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 Eestech'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 Eestech upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 96.0 |
Eestech Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Eestech's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Eestech's standard deviation. In reality, there are many statistical measures that can use Eestech historical prices to predict the future Eestech's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (1.40) | |||
| Total Risk Alpha | (3.44) | |||
| Treynor Ratio | 3.06 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Eestech'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.
Eestech Backtested Returns
Eestech secures Sharpe Ratio (or Efficiency) of -0.12, which denotes the company had a -0.12% return per unit of risk over the last 3 months. Eestech exposes sixteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Eestech's Standard Deviation of 11.82, variance of 139.64, and Mean Deviation of 2.87 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.48, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Eestech are expected to decrease at a much lower rate. During the bear market, Eestech is likely to outperform the market. At this point, Eestech has a negative expected return of -1.48%. Please make sure to confirm Eestech's treynor ratio and rate of daily change , to decide if Eestech performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.72 |
Good predictability
Eestech has good predictability. Overlapping area represents the amount of predictability between Eestech time series from 5th of June 2024 to 3rd of September 2024 and 3rd of September 2024 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 Eestech price movement. The serial correlation of 0.72 indicates that around 72.0% of current Eestech price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.72 | |
| Spearman Rank Test | 0.57 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Eestech lagged returns against current returns
Autocorrelation, which is Eestech 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 Eestech's pink sheet expected returns. We can calculate the autocorrelation of Eestech returns to help us make a trade decision. For example, suppose you find that Eestech 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 |
Eestech 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 Eestech pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Eestech pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Eestech pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Eestech Lagged Returns
When evaluating Eestech's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Eestech pink sheet have on its future price. Eestech 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, Eestech autocorrelation shows the relationship between Eestech pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Eestech.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Eestech Pink Sheet
Eestech financial ratios help investors to determine whether Eestech Pink Sheet 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 Eestech with respect to the benefits of owning Eestech security.