EnviTec Biogas (Germany) Market Value
| ETG Stock | EUR 30.60 0.40 1.29% |
| Symbol | EnviTec |
EnviTec Biogas '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 EnviTec Biogas' 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 EnviTec Biogas.
| 12/19/2023 |
| 12/13/2024 |
If you would invest 0.00 in EnviTec Biogas on December 19, 2023 and sell it all today you would earn a total of 0.00 from holding EnviTec Biogas AG or generate 0.0% return on investment in EnviTec Biogas over 360 days. EnviTec Biogas is related to or competes with TFS FINANCIAL, CECO ENVIRONMENTAL, Commonwealth Bank, and CHIBA BANK. EnviTec Biogas AG manufactures and operates biogas and biomethane plants in Germany, Italy, Great Britain, Czechia, Fran... More
EnviTec Biogas 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 EnviTec Biogas' 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 EnviTec Biogas AG upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 11.11 | |||
| Value At Risk | (2.93) | |||
| Potential Upside | 4.0 |
EnviTec Biogas Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for EnviTec Biogas' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as EnviTec Biogas' standard deviation. In reality, there are many statistical measures that can use EnviTec Biogas historical prices to predict the future EnviTec Biogas' volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.37) | |||
| Treynor Ratio | (1.48) |
EnviTec Biogas AG Backtested Returns
At this point, EnviTec Biogas is very steady. EnviTec Biogas AG secures Sharpe Ratio (or Efficiency) of 0.0042, which denotes the company had a 0.0042% return per unit of risk over the last 3 months. We have found twenty-two technical indicators for EnviTec Biogas AG, which you can use to evaluate the volatility of the firm. Please confirm EnviTec Biogas' Mean Deviation of 1.67, variance of 4.95, and Standard Deviation of 2.23 to check if the risk estimate we provide is consistent with the expected return of 0.0094%. The firm shows a Beta (market volatility) of 0.0361, which means not very significant fluctuations relative to the market. As returns on the market increase, EnviTec Biogas' returns are expected to increase less than the market. However, during the bear market, the loss of holding EnviTec Biogas is expected to be smaller as well. EnviTec Biogas AG right now shows a risk of 2.24%. Please confirm EnviTec Biogas AG maximum drawdown, skewness, daily balance of power, as well as the relationship between the potential upside and kurtosis , to decide if EnviTec Biogas AG will be following its price patterns.
Auto-correlation | -0.25 |
Weak reverse predictability
EnviTec Biogas AG has weak reverse predictability. Overlapping area represents the amount of predictability between EnviTec Biogas time series from 19th of December 2023 to 16th of June 2024 and 16th of June 2024 to 13th 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 EnviTec Biogas AG price movement. The serial correlation of -0.25 indicates that over 25.0% of current EnviTec Biogas price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.25 | |
| Spearman Rank Test | 0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 1.37 |
EnviTec Biogas AG lagged returns against current returns
Autocorrelation, which is EnviTec Biogas 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 EnviTec Biogas' stock expected returns. We can calculate the autocorrelation of EnviTec Biogas returns to help us make a trade decision. For example, suppose you find that EnviTec Biogas 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 |
EnviTec Biogas 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 EnviTec Biogas stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if EnviTec Biogas stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in EnviTec Biogas stock over time.
Current vs Lagged Prices |
| Timeline |
EnviTec Biogas Lagged Returns
When evaluating EnviTec Biogas' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of EnviTec Biogas stock have on its future price. EnviTec Biogas 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, EnviTec Biogas autocorrelation shows the relationship between EnviTec Biogas stock current value and its past values and can show if there is a momentum factor associated with investing in EnviTec Biogas AG.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in EnviTec Stock
EnviTec Biogas financial ratios help investors to determine whether EnviTec 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 EnviTec with respect to the benefits of owning EnviTec Biogas security.