Eni Spa Adr Stock Market Value
| E Stock | USD 28.89 0.04 0.14% |
| Symbol | Eni |
Eni SpA ADR Price To Book Ratio
Is Oil, Gas & Consumable Fuels space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Eni SPA. If investors know Eni will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Eni SPA listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.72) | Dividend Share 0.23 | Earnings Share 1.63 | Revenue Per Share 57.642 | Quarterly Revenue Growth (0.07) |
The market value of Eni SpA ADR is measured differently than its book value, which is the value of Eni that is recorded on the company's balance sheet. Investors also form their own opinion of Eni SPA's value that differs from its market value or its book value, called intrinsic value, which is Eni SPA's 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 Eni SPA's market value can be influenced by many factors that don't directly affect Eni SPA's 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 Eni SPA's value and its price as these two are different measures arrived at by different means. Investors typically determine if Eni SPA is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Eni SPA'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.
Eni SPA '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 Eni SPA'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 Eni SPA.
| 05/26/2024 |
| 11/22/2024 |
If you would invest 0.00 in Eni SPA on May 26, 2024 and sell it all today you would earn a total of 0.00 from holding Eni SpA ADR or generate 0.0% return on investment in Eni SPA over 180 days. Eni SPA is related to or competes with TotalEnergies, Ecopetrol, Shell PLC, Petroleo Brasileiro, Equinor ASA, BP PLC, and Galp Energa. Eni S.p.A. engages in the exploration, development, and production of crude oil and natural gas More
Eni SPA 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 Eni SPA'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 Eni SpA ADR upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 5.15 | |||
| Value At Risk | (2.34) | |||
| Potential Upside | 1.63 |
Eni SPA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Eni SPA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Eni SPA's standard deviation. In reality, there are many statistical measures that can use Eni SPA historical prices to predict the future Eni SPA's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.24) | |||
| Treynor Ratio | (0.68) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Eni SPA's 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.
Eni SpA ADR Backtested Returns
Eni SpA ADR secures Sharpe Ratio (or Efficiency) of -0.12, which denotes the company had a -0.12% return per unit of risk over the last 3 months. Eni SpA ADR exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Eni SPA's Mean Deviation of 0.9576, standard deviation of 1.23, and Variance of 1.5 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.15, which means not very significant fluctuations relative to the market. As returns on the market increase, Eni SPA's returns are expected to increase less than the market. However, during the bear market, the loss of holding Eni SPA is expected to be smaller as well. At this point, Eni SpA ADR has a negative expected return of -0.14%. Please make sure to confirm Eni SPA's total risk alpha, kurtosis, price action indicator, as well as the relationship between the value at risk and rate of daily change , to decide if Eni SpA ADR performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.29 |
Weak reverse predictability
Eni SpA ADR has weak reverse predictability. Overlapping area represents the amount of predictability between Eni SPA time series from 26th of May 2024 to 24th of August 2024 and 24th of August 2024 to 22nd 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 Eni SpA ADR price movement. The serial correlation of -0.29 indicates that nearly 29.0% of current Eni SPA price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.29 | |
| Spearman Rank Test | -0.47 | |
| Residual Average | 0.0 | |
| Price Variance | 0.55 |
Eni SpA ADR lagged returns against current returns
Autocorrelation, which is Eni SPA 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 Eni SPA's stock expected returns. We can calculate the autocorrelation of Eni SPA returns to help us make a trade decision. For example, suppose you find that Eni SPA 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 |
Eni SPA 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 Eni SPA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Eni SPA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Eni SPA stock over time.
Current vs Lagged Prices |
| Timeline |
Eni SPA Lagged Returns
When evaluating Eni SPA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Eni SPA stock have on its future price. Eni SPA 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, Eni SPA autocorrelation shows the relationship between Eni SPA stock current value and its past values and can show if there is a momentum factor associated with investing in Eni SpA ADR.
Regressed Prices |
| Timeline |
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Eni SPA technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.