Enad Global (Sweden) Market Value
| EG7 Stock | SEK 13.00 0.19 1.48% |
| Symbol | Enad |
Enad Global '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 Enad Global'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 Enad Global.
| 05/27/2024 |
| 11/23/2024 |
If you would invest 0.00 in Enad Global on May 27, 2024 and sell it all today you would earn a total of 0.00 from holding Enad Global 7 or generate 0.0% return on investment in Enad Global over 180 days. Enad Global is related to or competes with Flexion Mobile, IZafe Group, KABE Group, IAR Systems, Norva24 Group, Clinical Laserthermia, and EEducation Albert. Enad Global 7 AB develops, markets, publishes, and distributes PC, console, and mobile games in Europe, North America, a... More
Enad Global 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 Enad Global'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 Enad Global 7 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.1) | |||
| Maximum Drawdown | 11.67 | |||
| Value At Risk | (3.33) | |||
| Potential Upside | 4.12 |
Enad Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Enad Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Enad Global's standard deviation. In reality, there are many statistical measures that can use Enad Global historical prices to predict the future Enad Global's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.46) | |||
| Treynor Ratio | 0.559 |
Enad Global 7 Backtested Returns
Enad Global 7 secures Sharpe Ratio (or Efficiency) of -0.0468, which denotes the company had a -0.0468% return per unit of standard deviation over the last 3 months. Enad Global 7 exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Enad Global's Mean Deviation of 1.74, coefficient of variation of (2,452), and Standard Deviation of 2.28 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.18, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Enad Global are expected to decrease at a much lower rate. During the bear market, Enad Global is likely to outperform the market. At this point, Enad Global 7 has a negative expected return of -0.11%. Please make sure to confirm Enad Global's total risk alpha, potential upside, and the relationship between the standard deviation and maximum drawdown , to decide if Enad Global 7 performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.17 |
Insignificant reverse predictability
Enad Global 7 has insignificant reverse predictability. Overlapping area represents the amount of predictability between Enad Global time series from 27th of May 2024 to 25th of August 2024 and 25th of August 2024 to 23rd 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 Enad Global 7 price movement. The serial correlation of -0.17 indicates that over 17.0% of current Enad Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.17 | |
| Spearman Rank Test | -0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 0.42 |
Enad Global 7 lagged returns against current returns
Autocorrelation, which is Enad Global 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 Enad Global's stock expected returns. We can calculate the autocorrelation of Enad Global returns to help us make a trade decision. For example, suppose you find that Enad Global 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 |
Enad Global 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 Enad Global stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Enad Global stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Enad Global stock over time.
Current vs Lagged Prices |
| Timeline |
Enad Global Lagged Returns
When evaluating Enad Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Enad Global stock have on its future price. Enad Global 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, Enad Global autocorrelation shows the relationship between Enad Global stock current value and its past values and can show if there is a momentum factor associated with investing in Enad Global 7.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Enad Stock Analysis
When running Enad Global's price analysis, check to measure Enad Global'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 Enad Global is operating at the current time. Most of Enad Global's value examination focuses on studying past and present price action to predict the probability of Enad Global's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Enad Global's price. Additionally, you may evaluate how the addition of Enad Global to your portfolios can decrease your overall portfolio volatility.