Enagas Sa Stock Price on August 22, 2024
If you're considering investing in Enagas Pink Sheet, it is important to understand the factors that can impact its price. Enagas SA secures Sharpe Ratio (or Efficiency) of -0.19, which denotes the company had a -0.19% return per unit of standard deviation over the last 3 months. Enagas SA exposes fifteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Enagas SA's Coefficient Of Variation of (529.39), standard deviation of 1.13, and Mean Deviation of 0.8537 to check the risk estimate we provide.
Enagas Pink Sheet price history is provided at the adjusted basis, taking into account all of the recent filings.
Enagas |
Sharpe Ratio = -0.1889
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Estimated Market Risk
| 1.13 actual daily | 10 90% of assets are more volatile |
Expected Return
| -0.21 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.19 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Enagas SA is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Enagas SA by adding Enagas SA to a well-diversified portfolio.
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.
Price Boundaries
Enagas SA Period Price Range
Low | December 3, 2024
| High |
0.00 | 0.00 |
Enagas SA cannot be verified against its exchange. Please verify the symbol is currently traded on PINK Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Enagas SA December 3, 2024 Market Strength
Market strength indicators help investors to evaluate how Enagas SA pink sheet reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Enagas SA shares will generate the highest return on investment. By undertsting and applying Enagas SA pink sheet market strength indicators, traders can identify Enagas SA entry and exit signals to maximize returns
Enagas SA Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Enagas SA's price direction in advance. Along with the technical and fundamental analysis of Enagas Pink Sheet historical price patterns, it is also worthwhile for investors to track various predictive indicators of Enagas to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.14) | |||
| Jensen Alpha | (0.21) | |||
| Total Risk Alpha | (0.39) | |||
| Treynor Ratio | 1.66 |
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Additional Tools for Enagas Pink Sheet Analysis
When running Enagas SA's price analysis, check to measure Enagas SA'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 Enagas SA is operating at the current time. Most of Enagas SA's value examination focuses on studying past and present price action to predict the probability of Enagas SA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Enagas SA's price. Additionally, you may evaluate how the addition of Enagas SA to your portfolios can decrease your overall portfolio volatility.