Enact Holdings Etf Market Value
ACT Etf | USD 34.76 0.37 1.08% |
Symbol | Enact |
The market value of Enact Holdings is measured differently than its book value, which is the value of Enact that is recorded on the company's balance sheet. Investors also form their own opinion of Enact Holdings' value that differs from its market value or its book value, called intrinsic value, which is Enact Holdings' 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 Enact Holdings' market value can be influenced by many factors that don't directly affect Enact Holdings' 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 Enact Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if Enact Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Enact Holdings' 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.
Enact Holdings '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 Enact Holdings' etf 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 Enact Holdings.
12/06/2022 |
| 11/25/2024 |
If you would invest 0.00 in Enact Holdings on December 6, 2022 and sell it all today you would earn a total of 0.00 from holding Enact Holdings or generate 0.0% return on investment in Enact Holdings over 720 days. Enact Holdings is related to or competes with Assured Guaranty, AMERISAFE, MBIA, ICC Holdings, Ambac Financial, Employers Holdings, and James River. Enact Holdings, Inc. operates as a private mortgage insurance company in the United States More
Enact Holdings 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 Enact Holdings' etf 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 Enact Holdings upside and downside potential and time the market with a certain degree of confidence.
Downside Deviation | 1.47 | |||
Information Ratio | (0.09) | |||
Maximum Drawdown | 6.63 | |||
Value At Risk | (1.93) | |||
Potential Upside | 1.57 |
Enact Holdings Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Enact Holdings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Enact Holdings' standard deviation. In reality, there are many statistical measures that can use Enact Holdings historical prices to predict the future Enact Holdings' volatility.Risk Adjusted Performance | 0.0159 | |||
Jensen Alpha | (0.08) | |||
Total Risk Alpha | (0.19) | |||
Sortino Ratio | (0.08) | |||
Treynor Ratio | 0.0123 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Enact Holdings' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Enact Holdings Backtested Returns
Currently, Enact Holdings is very steady. Enact Holdings secures Sharpe Ratio (or Efficiency) of 0.0027, which denotes the etf had a 0.0027% return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for Enact Holdings, which you can use to evaluate the volatility of the entity. Please confirm Enact Holdings' Mean Deviation of 0.8994, semi deviation of 1.39, and Downside Deviation of 1.47 to check if the risk estimate we provide is consistent with the expected return of 0.0034%. The etf shows a Beta (market volatility) of 0.78, which means possible diversification benefits within a given portfolio. As returns on the market increase, Enact Holdings' returns are expected to increase less than the market. However, during the bear market, the loss of holding Enact Holdings is expected to be smaller as well.
Auto-correlation | 0.82 |
Very good predictability
Enact Holdings has very good predictability. Overlapping area represents the amount of predictability between Enact Holdings time series from 6th of December 2022 to 1st of December 2023 and 1st of December 2023 to 25th 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 Enact Holdings price movement. The serial correlation of 0.82 indicates that around 82.0% of current Enact Holdings price fluctuation can be explain by its past prices.
Correlation Coefficient | 0.82 | |
Spearman Rank Test | 0.81 | |
Residual Average | 0.0 | |
Price Variance | 10.02 |
Enact Holdings lagged returns against current returns
Autocorrelation, which is Enact Holdings etf'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 Enact Holdings' etf expected returns. We can calculate the autocorrelation of Enact Holdings returns to help us make a trade decision. For example, suppose you find that Enact Holdings has exhibited high autocorrelation historically, and you observe that the etf 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 |
Enact Holdings 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 Enact Holdings etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Enact Holdings etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Enact Holdings etf over time.
Current vs Lagged Prices |
Timeline |
Enact Holdings Lagged Returns
When evaluating Enact Holdings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Enact Holdings etf have on its future price. Enact Holdings 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, Enact Holdings autocorrelation shows the relationship between Enact Holdings etf current value and its past values and can show if there is a momentum factor associated with investing in Enact Holdings.
Regressed Prices |
Timeline |
Thematic Opportunities
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Other Information on Investing in Enact Etf
Enact Holdings financial ratios help investors to determine whether Enact Etf 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 Enact with respect to the benefits of owning Enact Holdings security.