ELEKTROBIT (Germany) Market Value
| JOT Stock | EUR 10.68 0.08 0.75% |
| Symbol | ELEKTROBIT |
ELEKTROBIT '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 ELEKTROBIT'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 ELEKTROBIT.
| 04/24/2025 |
| 07/23/2025 |
If you would invest 0.00 in ELEKTROBIT on April 24, 2025 and sell it all today you would earn a total of 0.00 from holding ELEKTROBIT or generate 0.0% return on investment in ELEKTROBIT over 90 days. ELEKTROBIT is related to or competes with SALESFORCE INC, CARSALES, Uber Technologies, Minerals Technologies, CarsalesCom, PKSHA TECHNOLOGY, and Easy Software. More
ELEKTROBIT 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 ELEKTROBIT'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 ELEKTROBIT upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.99 | |||
| Information Ratio | 0.1142 | |||
| Maximum Drawdown | 12.52 | |||
| Value At Risk | (2.50) | |||
| Potential Upside | 6.46 |
ELEKTROBIT Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ELEKTROBIT's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ELEKTROBIT's standard deviation. In reality, there are many statistical measures that can use ELEKTROBIT historical prices to predict the future ELEKTROBIT's volatility.| Risk Adjusted Performance | 0.156 | |||
| Jensen Alpha | 0.6362 | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | 0.1354 | |||
| Treynor Ratio | (1.52) |
ELEKTROBIT Backtested Returns
ELEKTROBIT appears to be slightly risky, given 3 months investment horizon. ELEKTROBIT secures Sharpe Ratio (or Efficiency) of 0.16, which denotes the company had a 0.16 % return per unit of return volatility over the last 3 months. By analyzing ELEKTROBIT's technical indicators, you can evaluate if the expected return of 0.58% is justified by implied risk. Please utilize ELEKTROBIT's mean deviation of 2.08, and Downside Deviation of 2.99 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, ELEKTROBIT holds a performance score of 12. The firm shows a Beta (market volatility) of -0.38, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning ELEKTROBIT are expected to decrease at a much lower rate. During the bear market, ELEKTROBIT is likely to outperform the market. Please check ELEKTROBIT's semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and information ratio , to make a quick decision on whether ELEKTROBIT's price patterns will revert.
Auto-correlation | 0.54 |
Modest predictability
ELEKTROBIT has modest predictability. Overlapping area represents the amount of predictability between ELEKTROBIT time series from 24th of April 2025 to 8th of June 2025 and 8th of June 2025 to 23rd 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 ELEKTROBIT price movement. The serial correlation of 0.54 indicates that about 54.0% of current ELEKTROBIT price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.54 | |
| Spearman Rank Test | 0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 0.53 |
ELEKTROBIT lagged returns against current returns
Autocorrelation, which is ELEKTROBIT 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 ELEKTROBIT's stock expected returns. We can calculate the autocorrelation of ELEKTROBIT returns to help us make a trade decision. For example, suppose you find that ELEKTROBIT 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 |
ELEKTROBIT 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 ELEKTROBIT stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ELEKTROBIT stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ELEKTROBIT stock over time.
Current vs Lagged Prices |
| Timeline |
ELEKTROBIT Lagged Returns
When evaluating ELEKTROBIT's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ELEKTROBIT stock have on its future price. ELEKTROBIT 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, ELEKTROBIT autocorrelation shows the relationship between ELEKTROBIT stock current value and its past values and can show if there is a momentum factor associated with investing in ELEKTROBIT.
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.Other Information on Investing in ELEKTROBIT Stock
ELEKTROBIT financial ratios help investors to determine whether ELEKTROBIT 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 ELEKTROBIT with respect to the benefits of owning ELEKTROBIT security.