Enerflex Stock Market Value
| EFXT Stock | USD 9.24 0.20 2.21% |
| Symbol | Enerflex |
Enerflex Price To Book Ratio
Is Oil & Gas Exploration & Production 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 Enerflex. If investors know Enerflex 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 Enerflex 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 2.112 | Dividend Share 0.11 | Earnings Share (0.64) | Revenue Per Share 19.148 | Quarterly Revenue Growth 0.06 |
The market value of Enerflex is measured differently than its book value, which is the value of Enerflex that is recorded on the company's balance sheet. Investors also form their own opinion of Enerflex's value that differs from its market value or its book value, called intrinsic value, which is Enerflex'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 Enerflex's market value can be influenced by many factors that don't directly affect Enerflex'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 Enerflex's value and its price as these two are different measures arrived at by different means. Investors typically determine if Enerflex is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Enerflex'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.
Enerflex '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 Enerflex'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 Enerflex.
| 05/26/2024 |
| 11/22/2024 |
If you would invest 0.00 in Enerflex on May 26, 2024 and sell it all today you would earn a total of 0.00 from holding Enerflex or generate 0.0% return on investment in Enerflex over 180 days. Enerflex is related to or competes with Natural Gas, Archrock, Geospace Technologies, Newpark Resources, Forum Energy, Now, and Bristow. Enerflex Ltd. supplies natural gas compression, oil and gas processing, refrigeration systems, energy transition solutio... More
Enerflex 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 Enerflex'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 Enerflex upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.87 | |||
| Information Ratio | 0.2924 | |||
| Maximum Drawdown | 8.19 | |||
| Value At Risk | (2.72) | |||
| Potential Upside | 4.56 |
Enerflex Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Enerflex's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Enerflex's standard deviation. In reality, there are many statistical measures that can use Enerflex historical prices to predict the future Enerflex's volatility.| Risk Adjusted Performance | 0.2597 | |||
| Jensen Alpha | 0.6667 | |||
| Total Risk Alpha | 0.4772 | |||
| Sortino Ratio | 0.342 | |||
| Treynor Ratio | 1.06 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Enerflex'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.
Enerflex Backtested Returns
Enerflex appears to be somewhat reliable, given 3 months investment horizon. Enerflex secures Sharpe Ratio (or Efficiency) of 0.36, which denotes the company had a 0.36% return per unit of risk over the last 3 months. By reviewing Enerflex's technical indicators, you can evaluate if the expected return of 0.8% is justified by implied risk. Please utilize Enerflex's Downside Deviation of 1.87, coefficient of variation of 297.62, and Mean Deviation of 1.7 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Enerflex holds a performance score of 28. The firm shows a Beta (market volatility) of 0.69, which means possible diversification benefits within a given portfolio. As returns on the market increase, Enerflex's returns are expected to increase less than the market. However, during the bear market, the loss of holding Enerflex is expected to be smaller as well. Please check Enerflex's downside variance, and the relationship between the total risk alpha and daily balance of power , to make a quick decision on whether Enerflex's price patterns will revert.
Auto-correlation | 0.72 |
Good predictability
Enerflex has good predictability. Overlapping area represents the amount of predictability between Enerflex 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 Enerflex price movement. The serial correlation of 0.72 indicates that around 72.0% of current Enerflex price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.72 | |
| Spearman Rank Test | 0.75 | |
| Residual Average | 0.0 | |
| Price Variance | 0.84 |
Enerflex lagged returns against current returns
Autocorrelation, which is Enerflex 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 Enerflex's stock expected returns. We can calculate the autocorrelation of Enerflex returns to help us make a trade decision. For example, suppose you find that Enerflex 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 |
Enerflex 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 Enerflex stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Enerflex stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Enerflex stock over time.
Current vs Lagged Prices |
| Timeline |
Enerflex Lagged Returns
When evaluating Enerflex's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Enerflex stock have on its future price. Enerflex 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, Enerflex autocorrelation shows the relationship between Enerflex stock current value and its past values and can show if there is a momentum factor associated with investing in Enerflex.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Enerflex Stock Analysis
When running Enerflex's price analysis, check to measure Enerflex'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 Enerflex is operating at the current time. Most of Enerflex's value examination focuses on studying past and present price action to predict the probability of Enerflex's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Enerflex's price. Additionally, you may evaluate how the addition of Enerflex to your portfolios can decrease your overall portfolio volatility.