ENGlobal Stock Forecast - Treynor Ratio
| ENG Stock | USD 1.26 0.01 0.79% |
ENGlobal Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of ENGlobal's historical fundamentals, such as revenue growth or operating cash flow patterns.
ENGlobal |
| Check ENGlobal Volatility | Backtest ENGlobal | Information Ratio |
ENGlobal Trading Date Momentum
| On November 22 2024 ENGlobal was traded for 1.26 at the closing time. Highest ENGlobal's price during the trading hours was 1.35 and the lowest price during the day was 1.21 . There was no trading activity during the period 0.0. Lack of trading volume on the 22nd of November did not affect price variability. The overall trading delta to current price is 7.14% . |
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Other Forecasting Options for ENGlobal
For every potential investor in ENGlobal, whether a beginner or expert, ENGlobal's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. ENGlobal Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in ENGlobal. Basic forecasting techniques help filter out the noise by identifying ENGlobal's price trends.ENGlobal Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with ENGlobal stock to make a market-neutral strategy. Peer analysis of ENGlobal could also be used in its relative valuation, which is a method of valuing ENGlobal by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
ENGlobal Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of ENGlobal's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of ENGlobal's current price.| Cycle Indicators | ||
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ENGlobal Market Strength Events
Market strength indicators help investors to evaluate how ENGlobal stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading ENGlobal shares will generate the highest return on investment. By undertsting and applying ENGlobal stock market strength indicators, traders can identify ENGlobal entry and exit signals to maximize returns.
ENGlobal Risk Indicators
The analysis of ENGlobal's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in ENGlobal's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting englobal stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 3.92 | |||
| Standard Deviation | 5.44 | |||
| Variance | 29.6 |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Currently Active Assets on Macroaxis
When determining whether ENGlobal is a strong investment it is important to analyze ENGlobal's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact ENGlobal's future performance. For an informed investment choice regarding ENGlobal Stock, refer to the following important reports:Check out Historical Fundamental Analysis of ENGlobal to cross-verify your projections. For more detail on how to invest in ENGlobal Stock please use our How to Invest in ENGlobal guide.You can also try the Bonds Directory module to find actively traded corporate debentures issued by US companies.
Is Oil & Gas Equipment & Services space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of ENGlobal. If investors know ENGlobal will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about ENGlobal listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.96) | Earnings Share (1.33) | Revenue Per Share 5.599 | Quarterly Revenue Growth (0.37) | Return On Assets (0.17) |
The market value of ENGlobal is measured differently than its book value, which is the value of ENGlobal that is recorded on the company's balance sheet. Investors also form their own opinion of ENGlobal's value that differs from its market value or its book value, called intrinsic value, which is ENGlobal's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because ENGlobal's market value can be influenced by many factors that don't directly affect ENGlobal's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between ENGlobal's value and its price as these two are different measures arrived at by different means. Investors typically determine if ENGlobal is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ENGlobal's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.