Energa Innovacin (Spain) Market Value
| EIDF Stock | 3.76 0.10 2.59% |
| Symbol | Energa |
Energa Innovacin '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 Energa Innovacin'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 Energa Innovacin.
| 09/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Energa Innovacin on September 27, 2024 and sell it all today you would earn a total of 0.00 from holding Energa Innovacin y or generate 0.0% return on investment in Energa Innovacin over 60 days. Energa Innovacin is related to or competes with Audax Renovables, Pharma Mar, Cellnex Telecom, Grifols SA, and International Consolidated. More
Energa Innovacin 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 Energa Innovacin'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 Energa Innovacin y upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 29.54 | |||
| Value At Risk | (6.04) | |||
| Potential Upside | 9.33 |
Energa Innovacin Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Energa Innovacin's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Energa Innovacin's standard deviation. In reality, there are many statistical measures that can use Energa Innovacin historical prices to predict the future Energa Innovacin's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.41) | |||
| Total Risk Alpha | (1.25) | |||
| Treynor Ratio | 0.5939 |
Energa Innovacin y Backtested Returns
Energa Innovacin y secures Sharpe Ratio (or Efficiency) of -0.0871, which denotes the company had a -0.0871% return per unit of risk over the last 3 months. Energa Innovacin y exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Energa Innovacin's Standard Deviation of 4.74, mean deviation of 3.31, and Variance of 22.51 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.87, which means possible diversification benefits within a given portfolio. As the market becomes more bullish, returns on owning Energa Innovacin are expected to decrease slowly. On the other hand, during market turmoil, Energa Innovacin is expected to outperform it slightly. At this point, Energa Innovacin y has a negative expected return of -0.42%. Please make sure to confirm Energa Innovacin's coefficient of variation, information ratio, total risk alpha, as well as the relationship between the standard deviation and jensen alpha , to decide if Energa Innovacin y performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.37 |
Below average predictability
Energa Innovacin y has below average predictability. Overlapping area represents the amount of predictability between Energa Innovacin time series from 27th of September 2024 to 27th of October 2024 and 27th of October 2024 to 26th 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 Energa Innovacin y price movement. The serial correlation of 0.37 indicates that just about 37.0% of current Energa Innovacin price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.37 | |
| Spearman Rank Test | 0.59 | |
| Residual Average | 0.0 | |
| Price Variance | 0.1 |
Energa Innovacin y lagged returns against current returns
Autocorrelation, which is Energa Innovacin 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 Energa Innovacin's stock expected returns. We can calculate the autocorrelation of Energa Innovacin returns to help us make a trade decision. For example, suppose you find that Energa Innovacin 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 |
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Energa Innovacin 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 Energa Innovacin stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Energa Innovacin stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Energa Innovacin stock over time.
Current vs Lagged Prices |
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Energa Innovacin Lagged Returns
When evaluating Energa Innovacin's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Energa Innovacin stock have on its future price. Energa Innovacin 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, Energa Innovacin autocorrelation shows the relationship between Energa Innovacin stock current value and its past values and can show if there is a momentum factor associated with investing in Energa Innovacin y.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Energa Stock
Energa Innovacin financial ratios help investors to determine whether Energa Stock 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 Energa with respect to the benefits of owning Energa Innovacin security.