EMCOR (Germany) Market Value
| EM4 Stock | EUR 465.00 14.10 3.13% |
| Symbol | EMCOR |
EMCOR '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 EMCOR'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 EMCOR.
| 07/20/2023 |
| 12/11/2024 |
If you would invest 0.00 in EMCOR on July 20, 2023 and sell it all today you would earn a total of 0.00 from holding EMCOR Group or generate 0.0% return on investment in EMCOR over 510 days. EMCOR is related to or competes with PARKEN Sport, LION ONE, and Western Copper. EMCOR Group, Inc. provides electrical and mechanical construction, and facilities services in the United States More
EMCOR 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 EMCOR'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 EMCOR Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.68 | |||
| Information Ratio | 0.2017 | |||
| Maximum Drawdown | 15.15 | |||
| Value At Risk | (2.44) | |||
| Potential Upside | 4.08 |
EMCOR Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for EMCOR's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as EMCOR's standard deviation. In reality, there are many statistical measures that can use EMCOR historical prices to predict the future EMCOR's volatility.| Risk Adjusted Performance | 0.1903 | |||
| Jensen Alpha | 0.4595 | |||
| Total Risk Alpha | 0.2179 | |||
| Sortino Ratio | 0.2865 | |||
| Treynor Ratio | 0.499 |
EMCOR Group Backtested Returns
EMCOR appears to be very steady, given 3 months investment horizon. EMCOR Group retains Efficiency (Sharpe Ratio) of 0.2, which denotes the company had a 0.2% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for EMCOR, which you can use to evaluate the volatility of the firm. Please utilize EMCOR's Coefficient Of Variation of 393.95, downside deviation of 1.68, and Market Risk Adjusted Performance of 0.509 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, EMCOR holds a performance score of 16. The firm owns a Beta (Systematic Risk) of 1.19, 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, EMCOR will likely underperform. Please check EMCOR's mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether EMCOR's current price history will revert.
Auto-correlation | 0.91 |
Excellent predictability
EMCOR Group has excellent predictability. Overlapping area represents the amount of predictability between EMCOR time series from 20th of July 2023 to 31st of March 2024 and 31st of March 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 EMCOR Group price movement. The serial correlation of 0.91 indicates that approximately 91.0% of current EMCOR price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.91 | |
| Spearman Rank Test | 0.56 | |
| Residual Average | 0.0 | |
| Price Variance | 2714.24 |
EMCOR Group lagged returns against current returns
Autocorrelation, which is EMCOR 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 EMCOR's stock expected returns. We can calculate the autocorrelation of EMCOR returns to help us make a trade decision. For example, suppose you find that EMCOR 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 |
EMCOR 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 EMCOR stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if EMCOR stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in EMCOR stock over time.
Current vs Lagged Prices |
| Timeline |
EMCOR Lagged Returns
When evaluating EMCOR's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of EMCOR stock have on its future price. EMCOR 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, EMCOR autocorrelation shows the relationship between EMCOR stock current value and its past values and can show if there is a momentum factor associated with investing in EMCOR Group.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in EMCOR Stock
When determining whether EMCOR Group is a strong investment it is important to analyze EMCOR's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact EMCOR's future performance. For an informed investment choice regarding EMCOR Stock, refer to the following important reports:Check out EMCOR Correlation, EMCOR Volatility and EMCOR Alpha and Beta module to complement your research on EMCOR. You can also try the Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.
EMCOR technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.