Ennostar (Taiwan) Market Value

3714 Stock  TWD 46.25  0.40  0.87%   
Ennostar's market value is the price at which a share of Ennostar trades on a public exchange. It measures the collective expectations of Ennostar investors about its performance. Ennostar is selling for under 46.25 as of the 27th of November 2024; that is 0.87 percent increase since the beginning of the trading day. The stock's lowest day price was 45.2.
With this module, you can estimate the performance of a buy and hold strategy of Ennostar and determine expected loss or profit from investing in Ennostar over a given investment horizon. Check out Ennostar Correlation, Ennostar Volatility and Ennostar Alpha and Beta module to complement your research on Ennostar.
Symbol

Please note, there is a significant difference between Ennostar's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ennostar is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ennostar'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.

Ennostar '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 Ennostar'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 Ennostar.
0.00
12/08/2022
No Change 0.00  0.0 
In 1 year 11 months and 22 days
11/27/2024
0.00
If you would invest  0.00  in Ennostar on December 8, 2022 and sell it all today you would earn a total of 0.00 from holding Ennostar or generate 0.0% return on investment in Ennostar over 720 days. Ennostar is related to or competes with Innolux Corp, United Renewable, Acbel Polytech, Gigastorage Corp, and Sincere Navigation. ENNOSTAR Inc. engages in the research and development, manufacture, and sale of compound semiconductors in Taiwan More

Ennostar 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 Ennostar'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 Ennostar upside and downside potential and time the market with a certain degree of confidence.

Ennostar Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Ennostar's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ennostar's standard deviation. In reality, there are many statistical measures that can use Ennostar historical prices to predict the future Ennostar's volatility.
Hype
Prediction
LowEstimatedHigh
44.2146.2548.29
Details
Intrinsic
Valuation
LowRealHigh
42.8744.9146.95
Details
Naive
Forecast
LowNextHigh
44.2946.3348.37
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
43.8546.1748.48
Details

Ennostar Backtested Returns

Ennostar appears to be very steady, given 3 months investment horizon. Ennostar secures Sharpe Ratio (or Efficiency) of 0.11, which denotes the company had a 0.11% return per unit of risk over the last 3 months. We have found thirty technical indicators for Ennostar, which you can use to evaluate the volatility of the firm. Please utilize Ennostar's Coefficient Of Variation of 874.66, mean deviation of 1.49, and Downside Deviation of 1.83 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Ennostar holds a performance score of 9. The firm shows a Beta (market volatility) of 0.17, which means not very significant fluctuations relative to the market. As returns on the market increase, Ennostar's returns are expected to increase less than the market. However, during the bear market, the loss of holding Ennostar is expected to be smaller as well. Please check Ennostar's standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Ennostar's price patterns will revert.

Auto-correlation

    
  -0.4  

Poor reverse predictability

Ennostar has poor reverse predictability. Overlapping area represents the amount of predictability between Ennostar time series from 8th of December 2022 to 3rd of December 2023 and 3rd of December 2023 to 27th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Ennostar price movement. The serial correlation of -0.4 indicates that just about 40.0% of current Ennostar price fluctuation can be explain by its past prices.
Correlation Coefficient-0.4
Spearman Rank Test0.03
Residual Average0.0
Price Variance6.97

Ennostar lagged returns against current returns

Autocorrelation, which is Ennostar 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 Ennostar's stock expected returns. We can calculate the autocorrelation of Ennostar returns to help us make a trade decision. For example, suppose you find that Ennostar 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  

Ennostar 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 Ennostar stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ennostar stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ennostar stock over time.
   Current vs Lagged Prices   
       Timeline  

Ennostar Lagged Returns

When evaluating Ennostar's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ennostar stock have on its future price. Ennostar 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, Ennostar autocorrelation shows the relationship between Ennostar stock current value and its past values and can show if there is a momentum factor associated with investing in Ennostar.
   Regressed Prices   
       Timeline  

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Additional Tools for Ennostar Stock Analysis

When running Ennostar's price analysis, check to measure Ennostar'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 Ennostar is operating at the current time. Most of Ennostar's value examination focuses on studying past and present price action to predict the probability of Ennostar's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ennostar's price. Additionally, you may evaluate how the addition of Ennostar to your portfolios can decrease your overall portfolio volatility.