Eni SpA's market value is the price at which a share of Eni SpA trades on a public exchange. It measures the collective expectations of Eni SpA investors about its performance. Eni SpA is trading at 14.35 as of the 2nd of February 2025. This is a 2.97% down since the beginning of the trading day. The stock's lowest day price was 14.35. With this module, you can estimate the performance of a buy and hold strategy of Eni SpA and determine expected loss or profit from investing in Eni SpA over a given investment horizon. Check out Eni SpA Correlation, Eni SpA Volatility and Eni SpA Alpha and Beta module to complement your research on Eni SpA.
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 pink sheet 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.
0.00
12/04/2024
No Change 0.00
0.0
In 2 months and 1 day
02/02/2025
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If you would invest 0.00 in Eni SpA on December 4, 2024 and sell it all today you would earn a total of 0.00 from holding Eni SpA or generate 0.0% return on investment in Eni SpA over 60 days. Eni SpA is related to or competes with MOL PLC, PetroChina, Equinor ASA, Shell PLC, Unit, Galp Energa, and BP Plc. 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 pink sheet 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 upside and downside potential and time the market with a certain degree of confidence.
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.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Eni SpA. Your research has to be compared to or analyzed against Eni SpA's peers to derive any actionable benefits. When done correctly, Eni SpA's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Eni SpA.
Eni SpA Backtested Returns
Eni SpA secures Sharpe Ratio (or Efficiency) of -0.0635, which denotes the company had a -0.0635 % return per unit of risk over the last 3 months. Eni SpA exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Eni SpA's Standard Deviation of 2.38, variance of 5.66, and Mean Deviation of 1.15 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.14, 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 has a negative expected return of -0.15%. Please make sure to confirm Eni SpA's information ratio, kurtosis, period momentum indicator, as well as the relationship between the treynor ratio and day median price , to decide if Eni SpA performance from the past will be repeated at some point in the near future.
Auto-correlation
-0.47
Modest reverse predictability
Eni SpA has modest reverse predictability. Overlapping area represents the amount of predictability between Eni SpA time series from 4th of December 2024 to 3rd of January 2025 and 3rd of January 2025 to 2nd of February 2025. 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 price movement. The serial correlation of -0.47 indicates that about 47.0% of current Eni SpA price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.47
Spearman Rank Test
0.42
Residual Average
0.0
Price Variance
0.34
Eni SpA lagged returns against current returns
Autocorrelation, which is Eni SpA pink sheet'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 pink sheet 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 pink sheet 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 pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Eni SpA pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Eni SpA pink sheet 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 pink sheet 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 pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Eni SpA.
Eni SpA financial ratios help investors to determine whether Eni Pink Sheet 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 Eni with respect to the benefits of owning Eni SpA security.