Evolva Holding (Switzerland) Market Value
| EVE Stock | CHF 0.82 0.01 1.23% |
| Symbol | Evolva |
Evolva Holding '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 Evolva Holding'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 Evolva Holding.
| 11/25/2024 |
| 12/25/2024 |
If you would invest 0.00 in Evolva Holding on November 25, 2024 and sell it all today you would earn a total of 0.00 from holding Evolva Holding SA or generate 0.0% return on investment in Evolva Holding over 30 days. Evolva Holding is related to or competes with Santhera Pharmaceuticals, Basilea Pharmaceutica, Meyer Burger, and Newron Pharmaceuticals. Evolva Holding SA discovers, develops, and commercializes ingredients for use in food, nutrition, personal healthcare, a... More
Evolva Holding 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 Evolva Holding'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 Evolva Holding SA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.94 | |||
| Information Ratio | (0) | |||
| Maximum Drawdown | 22.12 | |||
| Value At Risk | (10.00) | |||
| Potential Upside | 9.52 |
Evolva Holding Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Evolva Holding's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Evolva Holding's standard deviation. In reality, there are many statistical measures that can use Evolva Holding historical prices to predict the future Evolva Holding's volatility.| Risk Adjusted Performance | 0.0118 | |||
| Jensen Alpha | 0.0093 | |||
| Total Risk Alpha | (0.24) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | 0.127 |
Evolva Holding SA Backtested Returns
At this stage we consider Evolva Stock to be abnormally volatile. Evolva Holding SA secures Sharpe Ratio (or Efficiency) of 0.0251, which denotes the company had a 0.0251% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Evolva Holding SA, which you can use to evaluate the volatility of the firm. Please confirm Evolva Holding's Mean Deviation of 4.42, coefficient of variation of 25260.17, and Downside Deviation of 6.94 to check if the risk estimate we provide is consistent with the expected return of 0.14%. Evolva Holding has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.1, which means not very significant fluctuations relative to the market. As returns on the market increase, Evolva Holding's returns are expected to increase less than the market. However, during the bear market, the loss of holding Evolva Holding is expected to be smaller as well. Evolva Holding SA right now shows a risk of 5.74%. Please confirm Evolva Holding SA total risk alpha, downside variance, daily balance of power, as well as the relationship between the maximum drawdown and skewness , to decide if Evolva Holding SA will be following its price patterns.
Auto-correlation | -0.65 |
Very good reverse predictability
Evolva Holding SA has very good reverse predictability. Overlapping area represents the amount of predictability between Evolva Holding time series from 25th of November 2024 to 10th of December 2024 and 10th of December 2024 to 25th 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 Evolva Holding SA price movement. The serial correlation of -0.65 indicates that roughly 65.0% of current Evolva Holding price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.65 | |
| Spearman Rank Test | 0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Evolva Holding SA lagged returns against current returns
Autocorrelation, which is Evolva Holding 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 Evolva Holding's stock expected returns. We can calculate the autocorrelation of Evolva Holding returns to help us make a trade decision. For example, suppose you find that Evolva Holding 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 |
Evolva Holding 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 Evolva Holding stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Evolva Holding stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Evolva Holding stock over time.
Current vs Lagged Prices |
| Timeline |
Evolva Holding Lagged Returns
When evaluating Evolva Holding's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Evolva Holding stock have on its future price. Evolva Holding 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, Evolva Holding autocorrelation shows the relationship between Evolva Holding stock current value and its past values and can show if there is a momentum factor associated with investing in Evolva Holding 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.Additional Tools for Evolva Stock Analysis
When running Evolva Holding's price analysis, check to measure Evolva Holding's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Evolva Holding is operating at the current time. Most of Evolva Holding's value examination focuses on studying past and present price action to predict the probability of Evolva Holding's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Evolva Holding's price. Additionally, you may evaluate how the addition of Evolva Holding to your portfolios can decrease your overall portfolio volatility.