Enel Amricas (Chile) Market Value
| ENELAM Stock | CLP 89.32 0.33 0.37% |
| Symbol | Enel |
Enel Amricas '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 Enel Amricas' 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 Enel Amricas.
| 07/05/2023 |
| 11/26/2024 |
If you would invest 0.00 in Enel Amricas on July 5, 2023 and sell it all today you would earn a total of 0.00 from holding Enel Amricas SA or generate 0.0% return on investment in Enel Amricas over 510 days. Enel Amricas is related to or competes with Empresas Copec, Banco Santander, Falabella, and Cencosud. Enel Amricas S.A., through its subsidiaries, operates as an electricity utility company in Argentina, Brazil, Colombia, ... More
Enel Amricas 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 Enel Amricas' 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 Enel Amricas SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.20) | |||
| Maximum Drawdown | 5.02 | |||
| Value At Risk | (1.86) | |||
| Potential Upside | 1.81 |
Enel Amricas Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Enel Amricas' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Enel Amricas' standard deviation. In reality, there are many statistical measures that can use Enel Amricas historical prices to predict the future Enel Amricas' volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.28) | |||
| Treynor Ratio | 0.5787 |
Enel Amricas SA Backtested Returns
Enel Amricas SA secures Sharpe Ratio (or Efficiency) of -0.0986, which denotes the company had a -0.0986% return per unit of risk over the last 3 months. Enel Amricas SA exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Enel Amricas' Standard Deviation of 1.11, mean deviation of 0.8441, and Variance of 1.23 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 Enel Amricas are expected to decrease at a much lower rate. During the bear market, Enel Amricas is likely to outperform the market. At this point, Enel Amricas SA has a negative expected return of -0.11%. Please make sure to confirm Enel Amricas' skewness, day typical price, and the relationship between the maximum drawdown and daily balance of power , to decide if Enel Amricas SA performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.37 |
Below average predictability
Enel Amricas SA has below average predictability. Overlapping area represents the amount of predictability between Enel Amricas time series from 5th of July 2023 to 16th of March 2024 and 16th of March 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 Enel Amricas SA price movement. The serial correlation of 0.37 indicates that just about 37.0% of current Enel Amricas price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.37 | |
| Spearman Rank Test | 0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 7.08 |
Enel Amricas SA lagged returns against current returns
Autocorrelation, which is Enel Amricas 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 Enel Amricas' stock expected returns. We can calculate the autocorrelation of Enel Amricas returns to help us make a trade decision. For example, suppose you find that Enel Amricas 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 |
Enel Amricas 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 Enel Amricas stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Enel Amricas stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Enel Amricas stock over time.
Current vs Lagged Prices |
| Timeline |
Enel Amricas Lagged Returns
When evaluating Enel Amricas' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Enel Amricas stock have on its future price. Enel Amricas 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, Enel Amricas autocorrelation shows the relationship between Enel Amricas stock current value and its past values and can show if there is a momentum factor associated with investing in Enel Amricas SA.
Regressed Prices |
| Timeline |
Pair Trading with Enel Amricas
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 Enel Amricas 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 Enel Amricas will appreciate offsetting losses from the drop in the long position's value.Moving together with Enel Stock
Moving against Enel Stock
| 0.65 | AFPCAPITAL | AFP Capital SA | PairCorr |
The ability to find closely correlated positions to Enel Amricas could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Enel Amricas 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 Enel Amricas - 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 Enel Amricas SA to buy it.
The correlation of Enel Amricas 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 Enel Amricas moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Enel Amricas SA 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 Enel Amricas 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.Other Information on Investing in Enel Stock
Enel Amricas financial ratios help investors to determine whether Enel 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 Enel with respect to the benefits of owning Enel Amricas security.