Enb Financial Corp Stock Market Value
| ENBP Stock | USD 17.75 0.70 4.11% |
| Symbol | ENB |
ENB Financial '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 ENB Financial's otc 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 ENB Financial.
| 10/30/2023 |
| 11/23/2024 |
If you would invest 0.00 in ENB Financial on October 30, 2023 and sell it all today you would earn a total of 0.00 from holding ENB Financial Corp or generate 0.0% return on investment in ENB Financial over 390 days. ENB Financial is related to or competes with Invesco High, Blackrock Muniholdings, MFS Investment, and Federated Premier. ENB Financial Corp operates as the bank holding company for Ephrata National Bank that provides various financial servic... More
ENB Financial 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 ENB Financial's otc 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 ENB Financial Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.69 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 22.42 | |||
| Value At Risk | (4.12) | |||
| Potential Upside | 4.11 |
ENB Financial Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ENB Financial's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ENB Financial's standard deviation. In reality, there are many statistical measures that can use ENB Financial historical prices to predict the future ENB Financial's volatility.| Risk Adjusted Performance | 0.032 | |||
| Jensen Alpha | 0.0827 | |||
| Total Risk Alpha | (0.39) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 1.95 |
ENB Financial Corp Backtested Returns
Currently, ENB Financial Corp is not too volatile. ENB Financial Corp retains Efficiency (Sharpe Ratio) of 0.0352, which denotes the company had a 0.0352% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for ENB Financial, which you can use to evaluate the volatility of the firm. Please confirm ENB Financial's Market Risk Adjusted Performance of 1.96, downside deviation of 3.69, and Coefficient Of Variation of 3124.36 to check if the risk estimate we provide is consistent with the expected return of 0.11%. ENB Financial has a performance score of 2 on a scale of 0 to 100. The firm owns a Beta (Systematic Risk) of 0.0452, which means not very significant fluctuations relative to the market. As returns on the market increase, ENB Financial's returns are expected to increase less than the market. However, during the bear market, the loss of holding ENB Financial is expected to be smaller as well. ENB Financial Corp at this time owns a risk of 3.11%. Please confirm ENB Financial Corp value at risk, rate of daily change, and the relationship between the total risk alpha and expected short fall , to decide if ENB Financial Corp will be following its current price history.
Auto-correlation | 0.53 |
Modest predictability
ENB Financial Corp has modest predictability. Overlapping area represents the amount of predictability between ENB Financial time series from 30th of October 2023 to 12th of May 2024 and 12th of May 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 ENB Financial Corp price movement. The serial correlation of 0.53 indicates that about 53.0% of current ENB Financial price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.53 | |
| Spearman Rank Test | 0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 1.24 |
ENB Financial Corp lagged returns against current returns
Autocorrelation, which is ENB Financial otc 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 ENB Financial's otc stock expected returns. We can calculate the autocorrelation of ENB Financial returns to help us make a trade decision. For example, suppose you find that ENB Financial has exhibited high autocorrelation historically, and you observe that the otc 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 |
ENB Financial 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 ENB Financial otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ENB Financial otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ENB Financial otc stock over time.
Current vs Lagged Prices |
| Timeline |
ENB Financial Lagged Returns
When evaluating ENB Financial's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ENB Financial otc stock have on its future price. ENB Financial 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, ENB Financial autocorrelation shows the relationship between ENB Financial otc stock current value and its past values and can show if there is a momentum factor associated with investing in ENB Financial Corp.
Regressed Prices |
| Timeline |
Pair Trading with ENB Financial
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if ENB Financial position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in ENB Financial will appreciate offsetting losses from the drop in the long position's value.Moving against ENB OTC Stock
| 0.55 | SGD | Safe and Green | PairCorr |
| 0.5 | KO | Coca Cola Aggressive Push | PairCorr |
| 0.41 | QLGN | Qualigen Therapeutics Trending | PairCorr |
| 0.41 | JNJ | Johnson Johnson Sell-off Trend | PairCorr |
| 0.32 | MMM | 3M Company Fiscal Year End 28th of January 2025 | PairCorr |
The ability to find closely correlated positions to ENB Financial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ENB Financial when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back ENB Financial - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling ENB Financial Corp to buy it.
The correlation of ENB Financial is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as ENB Financial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ENB Financial Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for ENB Financial can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for ENB OTC Stock Analysis
When running ENB Financial's price analysis, check to measure ENB Financial'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 ENB Financial is operating at the current time. Most of ENB Financial's value examination focuses on studying past and present price action to predict the probability of ENB Financial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ENB Financial's price. Additionally, you may evaluate how the addition of ENB Financial to your portfolios can decrease your overall portfolio volatility.