Ekinops SA (France) Market Value
| EKI Stock | EUR 3.44 0.05 1.43% |
| Symbol | Ekinops |
Ekinops SA '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 Ekinops SA'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 Ekinops SA.
| 12/07/2023 |
| 12/01/2024 |
If you would invest 0.00 in Ekinops SA on December 7, 2023 and sell it all today you would earn a total of 0.00 from holding Ekinops SA or generate 0.0% return on investment in Ekinops SA over 360 days. Ekinops SA is related to or competes with Claranova, Derichebourg, Mersen SA, and BigBen Interactive. EKINOPS S.A. provides optical transport solutions for service providers and private networks worldwide More
Ekinops SA 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 Ekinops SA'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 Ekinops SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 16.76 | |||
| Value At Risk | (4.19) | |||
| Potential Upside | 4.95 |
Ekinops SA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ekinops SA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ekinops SA's standard deviation. In reality, there are many statistical measures that can use Ekinops SA historical prices to predict the future Ekinops SA's volatility.| Risk Adjusted Performance | 0.0049 | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.49) | |||
| Treynor Ratio | (0.07) |
Ekinops SA Backtested Returns
At this point, Ekinops SA is relatively risky. Ekinops SA secures Sharpe Ratio (or Efficiency) of 0.0044, which denotes the company had a 0.0044% return per unit of risk over the last 3 months. We have found twenty-three technical indicators for Ekinops SA, which you can use to evaluate the volatility of the firm. Please confirm Ekinops SA's Mean Deviation of 1.8, standard deviation of 2.85, and Variance of 8.11 to check if the risk estimate we provide is consistent with the expected return of 0.0125%. The firm shows a Beta (market volatility) of 0.29, which means not very significant fluctuations relative to the market. As returns on the market increase, Ekinops SA's returns are expected to increase less than the market. However, during the bear market, the loss of holding Ekinops SA is expected to be smaller as well. Ekinops SA right now shows a risk of 2.84%. Please confirm Ekinops SA total risk alpha, kurtosis, market facilitation index, as well as the relationship between the value at risk and rate of daily change , to decide if Ekinops SA will be following its price patterns.
Auto-correlation | -0.42 |
Modest reverse predictability
Ekinops SA has modest reverse predictability. Overlapping area represents the amount of predictability between Ekinops SA time series from 7th of December 2023 to 4th of June 2024 and 4th of June 2024 to 1st 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 Ekinops SA price movement. The serial correlation of -0.42 indicates that just about 42.0% of current Ekinops SA price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.42 | |
| Spearman Rank Test | -0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 0.1 |
Ekinops SA lagged returns against current returns
Autocorrelation, which is Ekinops SA 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 Ekinops SA's stock expected returns. We can calculate the autocorrelation of Ekinops SA returns to help us make a trade decision. For example, suppose you find that Ekinops SA 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 |
Ekinops SA 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 Ekinops SA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ekinops SA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ekinops SA stock over time.
Current vs Lagged Prices |
| Timeline |
Ekinops SA Lagged Returns
When evaluating Ekinops SA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ekinops SA stock have on its future price. Ekinops SA 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, Ekinops SA autocorrelation shows the relationship between Ekinops SA stock current value and its past values and can show if there is a momentum factor associated with investing in Ekinops SA.
Regressed Prices |
| Timeline |
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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.Other Information on Investing in Ekinops Stock
Ekinops SA financial ratios help investors to determine whether Ekinops 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 Ekinops with respect to the benefits of owning Ekinops SA security.