Ezz Steel's market value is the price at which a share of Ezz Steel trades on a public exchange. It measures the collective expectations of Ezz Steel investors about its performance. Ezz Steel is trading at 106.02 as of the 16th of December 2024. This is a 1.38 percent decrease since the beginning of the trading day. The stock's lowest day price was 105.31. With this module, you can estimate the performance of a buy and hold strategy of Ezz Steel and determine expected loss or profit from investing in Ezz Steel 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
Ezz
Ezz Steel '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 Ezz Steel'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 Ezz Steel.
0.00
11/16/2024
No Change 0.00
0.0
In 31 days
12/16/2024
0.00
If you would invest 0.00 in Ezz Steel on November 16, 2024 and sell it all today you would earn a total of 0.00 from holding Ezz Steel or generate 0.0% return on investment in Ezz Steel over 30 days.
Ezz Steel 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 Ezz Steel'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 Ezz Steel 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 Ezz Steel's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ezz Steel's standard deviation. In reality, there are many statistical measures that can use Ezz Steel historical prices to predict the future Ezz Steel's volatility.
At this point, Ezz Steel is very steady. Ezz Steel secures Sharpe Ratio (or Efficiency) of 0.0554, which denotes the company had a 0.0554% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Ezz Steel, which you can use to evaluate the volatility of the firm. Please confirm Ezz Steel's Mean Deviation of 2.68, coefficient of variation of 1310.9, and Downside Deviation of 3.22 to check if the risk estimate we provide is consistent with the expected return of 0.18%. Ezz Steel has a performance score of 4 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.81, which means possible diversification benefits within a given portfolio. As returns on the market increase, Ezz Steel's returns are expected to increase less than the market. However, during the bear market, the loss of holding Ezz Steel is expected to be smaller as well. Ezz Steel right now shows a risk of 3.21%. Please confirm Ezz Steel treynor ratio, value at risk, downside variance, as well as the relationship between the maximum drawdown and potential upside , to decide if Ezz Steel will be following its price patterns.
Auto-correlation
0.13
Insignificant predictability
Ezz Steel has insignificant predictability. Overlapping area represents the amount of predictability between Ezz Steel time series from 16th of November 2024 to 1st of December 2024 and 1st of December 2024 to 16th 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 Ezz Steel price movement. The serial correlation of 0.13 indicates that less than 13.0% of current Ezz Steel price fluctuation can be explain by its past prices.
Correlation Coefficient
0.13
Spearman Rank Test
-0.25
Residual Average
0.0
Price Variance
5.49
Ezz Steel lagged returns against current returns
Autocorrelation, which is Ezz Steel 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 Ezz Steel's stock expected returns. We can calculate the autocorrelation of Ezz Steel returns to help us make a trade decision. For example, suppose you find that Ezz Steel 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
Ezz Steel 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 Ezz Steel stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ezz Steel stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ezz Steel stock over time.
Current vs Lagged Prices
Timeline
Ezz Steel Lagged Returns
When evaluating Ezz Steel's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ezz Steel stock have on its future price. Ezz Steel 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, Ezz Steel autocorrelation shows the relationship between Ezz Steel stock current value and its past values and can show if there is a momentum factor associated with investing in Ezz Steel.
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.