Egyptian Chemical's market value is the price at which a share of Egyptian Chemical trades on a public exchange. It measures the collective expectations of Egyptian Chemical Industries investors about its performance. Egyptian Chemical is trading at 7.78 as of the 11th of December 2024. This is a 2.14% down since the beginning of the trading day. The stock's lowest day price was 7.77. With this module, you can estimate the performance of a buy and hold strategy of Egyptian Chemical Industries and determine expected loss or profit from investing in Egyptian Chemical over a given investment horizon. Check out Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Symbol
Egyptian
Egyptian Chemical '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 Egyptian Chemical'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 Egyptian Chemical.
0.00
10/12/2024
No Change 0.00
0.0
In 2 months and 1 day
12/11/2024
0.00
If you would invest 0.00 in Egyptian Chemical on October 12, 2024 and sell it all today you would earn a total of 0.00 from holding Egyptian Chemical Industries or generate 0.0% return on investment in Egyptian Chemical over 60 days.
Egyptian Chemical 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 Egyptian Chemical'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 Egyptian Chemical Industries upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Egyptian Chemical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Egyptian Chemical's standard deviation. In reality, there are many statistical measures that can use Egyptian Chemical historical prices to predict the future Egyptian Chemical's volatility.
Egyptian Chemical 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. Egyptian Chemical Industries exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Egyptian Chemical's Standard Deviation of 1.58, mean deviation of 1.09, and Variance of 2.5 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.23, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Egyptian Chemical are expected to decrease at a much lower rate. During the bear market, Egyptian Chemical is likely to outperform the market. At this point, Egyptian Chemical has a negative expected return of -0.15%. Please make sure to confirm Egyptian Chemical's kurtosis, daily balance of power, and the relationship between the skewness and accumulation distribution , to decide if Egyptian Chemical performance from the past will be repeated at some point in the near future.
Auto-correlation
-0.28
Weak reverse predictability
Egyptian Chemical Industries has weak reverse predictability. Overlapping area represents the amount of predictability between Egyptian Chemical time series from 12th of October 2024 to 11th of November 2024 and 11th of November 2024 to 11th 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 Egyptian Chemical price movement. The serial correlation of -0.28 indicates that nearly 28.0% of current Egyptian Chemical price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.28
Spearman Rank Test
0.06
Residual Average
0.0
Price Variance
0.04
Egyptian Chemical lagged returns against current returns
Autocorrelation, which is Egyptian Chemical 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 Egyptian Chemical's stock expected returns. We can calculate the autocorrelation of Egyptian Chemical returns to help us make a trade decision. For example, suppose you find that Egyptian Chemical 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
Egyptian Chemical 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 Egyptian Chemical stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Egyptian Chemical stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Egyptian Chemical stock over time.
Current vs Lagged Prices
Timeline
Egyptian Chemical Lagged Returns
When evaluating Egyptian Chemical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Egyptian Chemical stock have on its future price. Egyptian Chemical 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, Egyptian Chemical autocorrelation shows the relationship between Egyptian Chemical stock current value and its past values and can show if there is a momentum factor associated with investing in Egyptian Chemical Industries.
Regressed Prices
Timeline
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.