Egyptian Transport's market value is the price at which a share of Egyptian Transport trades on a public exchange. It measures the collective expectations of Egyptian Transport investors about its performance. Egyptian Transport is trading at 6.04 as of the 15th of December 2024. This is a 5.59% up since the beginning of the trading day. The stock's lowest day price was 5.72. With this module, you can estimate the performance of a buy and hold strategy of Egyptian Transport and determine expected loss or profit from investing in Egyptian Transport 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 Transport '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 Transport'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 Transport.
0.00
11/15/2024
No Change 0.00
0.0
In 30 days
12/15/2024
0.00
If you would invest 0.00 in Egyptian Transport on November 15, 2024 and sell it all today you would earn a total of 0.00 from holding Egyptian Transport or generate 0.0% return on investment in Egyptian Transport over 30 days.
Egyptian Transport 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 Transport'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 Transport 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 Transport's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Egyptian Transport's standard deviation. In reality, there are many statistical measures that can use Egyptian Transport historical prices to predict the future Egyptian Transport's volatility.
Egyptian Transport appears to be slightly risky, given 3 months investment horizon. Egyptian Transport secures Sharpe Ratio (or Efficiency) of 0.23, which denotes the company had a 0.23% return per unit of risk over the last 3 months. By reviewing Egyptian Transport's technical indicators, you can evaluate if the expected return of 0.76% is justified by implied risk. Please utilize Egyptian Transport's Coefficient Of Variation of 561.19, mean deviation of 2.09, and Downside Deviation of 2.14 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Egyptian Transport holds a performance score of 18. The firm shows a Beta (market volatility) of 0.75, which means possible diversification benefits within a given portfolio. As returns on the market increase, Egyptian Transport's returns are expected to increase less than the market. However, during the bear market, the loss of holding Egyptian Transport is expected to be smaller as well. Please check Egyptian Transport's value at risk, downside variance, and the relationship between the maximum drawdown and potential upside , to make a quick decision on whether Egyptian Transport's price patterns will revert.
Auto-correlation
0.43
Average predictability
Egyptian Transport has average predictability. Overlapping area represents the amount of predictability between Egyptian Transport time series from 15th of November 2024 to 30th of November 2024 and 30th of November 2024 to 15th 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 Transport price movement. The serial correlation of 0.43 indicates that just about 43.0% of current Egyptian Transport price fluctuation can be explain by its past prices.
Correlation Coefficient
0.43
Spearman Rank Test
0.07
Residual Average
0.0
Price Variance
0.02
Egyptian Transport lagged returns against current returns
Autocorrelation, which is Egyptian Transport 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 Transport's stock expected returns. We can calculate the autocorrelation of Egyptian Transport returns to help us make a trade decision. For example, suppose you find that Egyptian Transport 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 Transport 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 Transport stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Egyptian Transport stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Egyptian Transport stock over time.
Current vs Lagged Prices
Timeline
Egyptian Transport Lagged Returns
When evaluating Egyptian Transport's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Egyptian Transport stock have on its future price. Egyptian Transport 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 Transport autocorrelation shows the relationship between Egyptian Transport stock current value and its past values and can show if there is a momentum factor associated with investing in Egyptian Transport.
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.