Enra Group's market value is the price at which a share of Enra Group trades on a public exchange. It measures the collective expectations of Enra Group Bhd investors about its performance. Enra Group is selling for 0.64 as of the 28th of November 2024. This is a No Change since the beginning of the trading day. The stock's lowest day price was 0.64. With this module, you can estimate the performance of a buy and hold strategy of Enra Group Bhd and determine expected loss or profit from investing in Enra Group over a given investment horizon. Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Symbol
Enra
Enra Group '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 Enra Group'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 Enra Group.
0.00
10/29/2024
No Change 0.00
0.0
In 31 days
11/28/2024
0.00
If you would invest 0.00 in Enra Group on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Enra Group Bhd or generate 0.0% return on investment in Enra Group over 30 days.
Enra Group 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 Enra Group'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 Enra Group Bhd upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Enra Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Enra Group's standard deviation. In reality, there are many statistical measures that can use Enra Group historical prices to predict the future Enra Group's volatility.
Enra Group Bhd secures Sharpe Ratio (or Efficiency) of -0.0081, which denotes the company had a -0.0081% return per unit of risk over the last 3 months. Enra Group Bhd exposes eighteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Enra Group's Variance of 4.94, standard deviation of 2.22, and Mean Deviation of 0.9765 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.16, which means not very significant fluctuations relative to the market. As returns on the market increase, Enra Group's returns are expected to increase less than the market. However, during the bear market, the loss of holding Enra Group is expected to be smaller as well. At this point, Enra Group Bhd has a negative expected return of -0.0134%. Please make sure to confirm Enra Group's maximum drawdown, potential upside, and the relationship between the jensen alpha and value at risk , to decide if Enra Group Bhd performance from the past will be repeated at some point in the near future.
Auto-correlation
-0.24
Weak reverse predictability
Enra Group Bhd has weak reverse predictability. Overlapping area represents the amount of predictability between Enra Group time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 Enra Group Bhd price movement. The serial correlation of -0.24 indicates that over 24.0% of current Enra Group price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.24
Spearman Rank Test
0.43
Residual Average
0.0
Price Variance
0.0
Enra Group Bhd lagged returns against current returns
Autocorrelation, which is Enra Group 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 Enra Group's stock expected returns. We can calculate the autocorrelation of Enra Group returns to help us make a trade decision. For example, suppose you find that Enra Group 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
Enra Group 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 Enra Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Enra Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Enra Group stock over time.
Current vs Lagged Prices
Timeline
Enra Group Lagged Returns
When evaluating Enra Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Enra Group stock have on its future price. Enra Group 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, Enra Group autocorrelation shows the relationship between Enra Group stock current value and its past values and can show if there is a momentum factor associated with investing in Enra Group Bhd.
Regressed Prices
Timeline
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