EVE Health (Australia) Market Value
| EVE Stock | 0.03 0 3.23% |
| Symbol | EVE |
EVE Health '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 EVE Health'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 EVE Health.
| 04/20/2025 |
| 07/19/2025 |
If you would invest 0.00 in EVE Health on April 20, 2025 and sell it all today you would earn a total of 0.00 from holding EVE Health Group or generate 0.0% return on investment in EVE Health over 90 days. EVE Health is related to or competes with Aneka Tambang, BHP, Commonwealth Bank, Commonwealth Bank, Commonwealth Bank, Commonwealth Bank, and Commonwealth Bank. EVE Health is entity of Australia. It is traded as Stock on AU exchange. More
EVE Health 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 EVE Health'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 EVE Health Group upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 45.83 | |||
| Value At Risk | (11.43) | |||
| Potential Upside | 6.45 |
EVE Health Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for EVE Health's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as EVE Health's standard deviation. In reality, there are many statistical measures that can use EVE Health historical prices to predict the future EVE Health's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.39) | |||
| Total Risk Alpha | (1.13) | |||
| Treynor Ratio | (0.24) |
EVE Health Group Backtested Returns
EVE Health Group secures Sharpe Ratio (or Efficiency) of -0.04, which denotes the company had a -0.04 % return per unit of return volatility over the last 3 months. EVE Health Group exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm EVE Health's standard deviation of 6.29, and Mean Deviation of 2.59 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.07, which means a somewhat significant risk relative to the market. EVE Health returns are very sensitive to returns on the market. As the market goes up or down, EVE Health is expected to follow. At this point, EVE Health Group has a negative expected return of -0.26%. Please make sure to confirm EVE Health's jensen alpha, treynor ratio, and the relationship between the standard deviation and total risk alpha , to decide if EVE Health Group performance from the past will be repeated in the future.
Auto-correlation | 0.29 |
Poor predictability
EVE Health Group has poor predictability. Overlapping area represents the amount of predictability between EVE Health time series from 20th of April 2025 to 4th of June 2025 and 4th of June 2025 to 19th of July 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of EVE Health Group price movement. The serial correlation of 0.29 indicates that nearly 29.0% of current EVE Health price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.29 | |
| Spearman Rank Test | -0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
EVE Health Group lagged returns against current returns
Autocorrelation, which is EVE Health 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 EVE Health's stock expected returns. We can calculate the autocorrelation of EVE Health returns to help us make a trade decision. For example, suppose you find that EVE Health 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 |
EVE Health 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 EVE Health stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if EVE Health stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in EVE Health stock over time.
Current vs Lagged Prices |
| Timeline |
EVE Health Lagged Returns
When evaluating EVE Health's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of EVE Health stock have on its future price. EVE Health 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, EVE Health autocorrelation shows the relationship between EVE Health stock current value and its past values and can show if there is a momentum factor associated with investing in EVE Health Group.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for EVE Stock Analysis
When running EVE Health's price analysis, check to measure EVE Health'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 EVE Health is operating at the current time. Most of EVE Health's value examination focuses on studying past and present price action to predict the probability of EVE Health's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move EVE Health's price. Additionally, you may evaluate how the addition of EVE Health to your portfolios can decrease your overall portfolio volatility.