Ethernity Networks (UK) Market Value
| ENET Stock | 0.12 0.01 7.69% |
| Symbol | Ethernity |
Ethernity Networks '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 Ethernity Networks' 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 Ethernity Networks.
| 06/20/2023 |
| 12/11/2024 |
If you would invest 0.00 in Ethernity Networks on June 20, 2023 and sell it all today you would earn a total of 0.00 from holding Ethernity Networks or generate 0.0% return on investment in Ethernity Networks over 540 days. Ethernity Networks is related to or competes with CVS Health, JB Hunt, Zoom Video, Universal Music, and Gaztransport. More
Ethernity Networks 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 Ethernity Networks' 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 Ethernity Networks upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 45.83 | |||
| Value At Risk | (12.50) | |||
| Potential Upside | 9.68 |
Ethernity Networks Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ethernity Networks' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ethernity Networks' standard deviation. In reality, there are many statistical measures that can use Ethernity Networks historical prices to predict the future Ethernity Networks' volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (1.15) | |||
| Total Risk Alpha | (2.42) | |||
| Treynor Ratio | (5.72) |
Ethernity Networks Backtested Returns
Ethernity Networks secures Sharpe Ratio (or Efficiency) of -0.14, which denotes the company had a -0.14% return per unit of risk over the last 3 months. Ethernity Networks exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Ethernity Networks' Variance of 67.28, standard deviation of 8.2, and Mean Deviation of 5.13 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.2, which means not very significant fluctuations relative to the market. As returns on the market increase, Ethernity Networks' returns are expected to increase less than the market. However, during the bear market, the loss of holding Ethernity Networks is expected to be smaller as well. At this point, Ethernity Networks has a negative expected return of -1.11%. Please make sure to confirm Ethernity Networks' standard deviation, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if Ethernity Networks performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.43 |
Average predictability
Ethernity Networks has average predictability. Overlapping area represents the amount of predictability between Ethernity Networks time series from 20th of June 2023 to 16th of March 2024 and 16th of March 2024 to 11th of December 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 Ethernity Networks price movement. The serial correlation of 0.43 indicates that just about 43.0% of current Ethernity Networks price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.43 | |
| Spearman Rank Test | 0.57 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
Ethernity Networks lagged returns against current returns
Autocorrelation, which is Ethernity Networks 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 Ethernity Networks' stock expected returns. We can calculate the autocorrelation of Ethernity Networks returns to help us make a trade decision. For example, suppose you find that Ethernity Networks 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 |
Ethernity Networks 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 Ethernity Networks stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ethernity Networks stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ethernity Networks stock over time.
Current vs Lagged Prices |
| Timeline |
Ethernity Networks Lagged Returns
When evaluating Ethernity Networks' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ethernity Networks stock have on its future price. Ethernity Networks 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, Ethernity Networks autocorrelation shows the relationship between Ethernity Networks stock current value and its past values and can show if there is a momentum factor associated with investing in Ethernity Networks.
Regressed Prices |
| Timeline |
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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.Additional Tools for Ethernity Stock Analysis
When running Ethernity Networks' price analysis, check to measure Ethernity Networks' 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 Ethernity Networks is operating at the current time. Most of Ethernity Networks' value examination focuses on studying past and present price action to predict the probability of Ethernity Networks' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ethernity Networks' price. Additionally, you may evaluate how the addition of Ethernity Networks to your portfolios can decrease your overall portfolio volatility.