Eni SPA Stock Forecast - Daily Balance Of Power
| E Stock | CAD 1.89 0.02 1.05% |
Eni Stock Forecast is based on your current time horizon. Although Eni SPA's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Eni SPA's systematic risk associated with finding meaningful patterns of Eni SPA fundamentals over time.
Eni |
| Check Eni SPA Volatility | Backtest Eni SPA | Trend Details |
Eni SPA Trading Date Momentum
| On April 03 2024 Enterprise Group was traded for 0.28 at the closing time. The top price for the day was 0.28 and the lowest listed price was 0.27 . The trading volume for the day was 612.5 K. The trading history from April 3, 2024 was a factor to the next trading day price boost. The overall trading delta against the next closing price was 3.70% . The overall trading delta against the current closing price is 7.41% . |
Balance of Power indicator was created by Igor Livshin to predict asset short term price movements or warning signals. If Balance of Power indicator is trended towards the high of its range it will signify that the bulls are in control. On the other hand when the BOP indicator is moving towards the lows of its range it signifies that the bears are in control. If the indicator move from a high positive range to a lower positive range it signifies that the buying pressure is decreasing. Conversely, if the indicator move from a low negative range to a higher negative range it signifies that the selling pressure is decreasing.
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Other Forecasting Options for Eni SPA
For every potential investor in Eni, whether a beginner or expert, Eni SPA's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Eni Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Eni. Basic forecasting techniques help filter out the noise by identifying Eni SPA's price trends.Eni SPA 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 Eni SPA stock to make a market-neutral strategy. Peer analysis of Eni SPA could also be used in its relative valuation, which is a method of valuing Eni SPA by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Enterprise Group 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 Eni SPA'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 Eni SPA's current price.| Cycle Indicators | ||
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| Math Transform | ||
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| Overlap Studies | ||
| Pattern Recognition | ||
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| Volatility Indicators | ||
| Volume Indicators |
Eni SPA Market Strength Events
Market strength indicators help investors to evaluate how Eni SPA stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Eni SPA shares will generate the highest return on investment. By undertsting and applying Eni SPA stock market strength indicators, traders can identify Enterprise Group entry and exit signals to maximize returns.
Eni SPA Risk Indicators
The analysis of Eni SPA'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 Eni SPA's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting eni 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 | 4.72 | |||
| Semi Deviation | 3.94 | |||
| Standard Deviation | 8.43 | |||
| Variance | 71.14 | |||
| Downside Variance | 27.18 | |||
| Semi Variance | 15.51 | |||
| Expected Short fall | (6.66) |
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.
Pair Trading with Eni SPA
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Eni SPA position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Eni SPA will appreciate offsetting losses from the drop in the long position's value.Moving together with Eni Stock
| 0.84 | ENB-PFV | Enbridge Pref 5 | PairCorr |
| 0.81 | ENB-PFC | Enbridge Pref 11 | PairCorr |
| 0.68 | ENB-PFU | Enbridge Pref L | PairCorr |
| 0.73 | ENS | E Split Corp | PairCorr |
| 0.76 | ENS-PA | E Split Corp | PairCorr |
Moving against Eni Stock
The ability to find closely correlated positions to Eni SPA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Eni SPA when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Eni SPA - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Enterprise Group to buy it.
The correlation of Eni SPA is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Eni SPA moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Enterprise Group moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Eni SPA can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Eni Stock
Eni SPA financial ratios help investors to determine whether Eni 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 Eni with respect to the benefits of owning Eni SPA security.