ENEX Energy (Philippines) Market Value
| ENEX Stock | 4.25 0.15 3.66% |
| Symbol | ENEX |
ENEX Energy '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 ENEX Energy'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 ENEX Energy.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in ENEX Energy on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding ENEX Energy Corp or generate 0.0% return on investment in ENEX Energy over 180 days. ENEX Energy is related to or competes with Basic Energy. More
ENEX Energy 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 ENEX Energy'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 ENEX Energy Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 12.37 | |||
| Value At Risk | (4.31) | |||
| Potential Upside | 4.0 |
ENEX Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ENEX Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ENEX Energy's standard deviation. In reality, there are many statistical measures that can use ENEX Energy historical prices to predict the future ENEX Energy's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.32) | |||
| Total Risk Alpha | (0.68) | |||
| Treynor Ratio | (0.72) |
ENEX Energy Corp Backtested Returns
ENEX Energy Corp secures Sharpe Ratio (or Efficiency) of -0.095, which denotes the company had a -0.095% return per unit of return volatility over the last 3 months. ENEX Energy Corp exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm ENEX Energy's standard deviation of 2.41, and Mean Deviation of 1.53 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.38, which means possible diversification benefits within a given portfolio. As returns on the market increase, ENEX Energy's returns are expected to increase less than the market. However, during the bear market, the loss of holding ENEX Energy is expected to be smaller as well. At this point, ENEX Energy Corp has a negative expected return of -0.23%. Please make sure to confirm ENEX Energy's coefficient of variation, jensen alpha, treynor ratio, as well as the relationship between the standard deviation and total risk alpha , to decide if ENEX Energy Corp performance from the past will be repeated in the future.
Auto-correlation | -0.43 |
Modest reverse predictability
ENEX Energy Corp has modest reverse predictability. Overlapping area represents the amount of predictability between ENEX Energy time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 2024 to 30th 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 ENEX Energy Corp price movement. The serial correlation of -0.43 indicates that just about 43.0% of current ENEX Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.43 | |
| Spearman Rank Test | -0.54 | |
| Residual Average | 0.0 | |
| Price Variance | 0.13 |
ENEX Energy Corp lagged returns against current returns
Autocorrelation, which is ENEX Energy 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 ENEX Energy's stock expected returns. We can calculate the autocorrelation of ENEX Energy returns to help us make a trade decision. For example, suppose you find that ENEX Energy 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 |
ENEX Energy 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 ENEX Energy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ENEX Energy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ENEX Energy stock over time.
Current vs Lagged Prices |
| Timeline |
ENEX Energy Lagged Returns
When evaluating ENEX Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ENEX Energy stock have on its future price. ENEX Energy 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, ENEX Energy autocorrelation shows the relationship between ENEX Energy stock current value and its past values and can show if there is a momentum factor associated with investing in ENEX Energy Corp.
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 ENEX Stock Analysis
When running ENEX Energy's price analysis, check to measure ENEX Energy'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 ENEX Energy is operating at the current time. Most of ENEX Energy's value examination focuses on studying past and present price action to predict the probability of ENEX Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ENEX Energy's price. Additionally, you may evaluate how the addition of ENEX Energy to your portfolios can decrease your overall portfolio volatility.