Englobal Stock Market Value
| ENG Stock | USD 1.30 0.06 4.41% |
| Symbol | ENGlobal |
ENGlobal Price To Book Ratio
Is Oil & Gas Equipment & Services space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of ENGlobal. If investors know ENGlobal will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about ENGlobal listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.96) | Earnings Share (1.33) | Revenue Per Share 5.599 | Quarterly Revenue Growth (0.37) | Return On Assets (0.17) |
The market value of ENGlobal is measured differently than its book value, which is the value of ENGlobal that is recorded on the company's balance sheet. Investors also form their own opinion of ENGlobal's value that differs from its market value or its book value, called intrinsic value, which is ENGlobal's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because ENGlobal's market value can be influenced by many factors that don't directly affect ENGlobal's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between ENGlobal's value and its price as these two are different measures arrived at by different means. Investors typically determine if ENGlobal is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ENGlobal'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.
ENGlobal '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 ENGlobal'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 ENGlobal.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in ENGlobal on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding ENGlobal or generate 0.0% return on investment in ENGlobal over 30 days. ENGlobal is related to or competes with Bouygues, NV5 Global, Matrix Service, MYR, Comfort Systems, Orion Group, and Cardno. ENGlobal Corporation provides engineering and professional project execution services primarily to the energy sector in ... More
ENGlobal 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 ENGlobal'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 ENGlobal upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.61 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 28.92 | |||
| Value At Risk | (7.09) | |||
| Potential Upside | 9.16 |
ENGlobal Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ENGlobal's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ENGlobal's standard deviation. In reality, there are many statistical measures that can use ENGlobal historical prices to predict the future ENGlobal's volatility.| Risk Adjusted Performance | 0.0148 | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.83) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.0574 |
ENGlobal Backtested Returns
At this point, ENGlobal is dangerous. ENGlobal secures Sharpe Ratio (or Efficiency) of 1.0E-4, which denotes the company had a 1.0E-4% return per unit of return volatility over the last 3 months. We have found twenty-nine technical indicators for ENGlobal, which you can use to evaluate the volatility of the firm. Please confirm ENGlobal's downside deviation of 5.61, and Mean Deviation of 3.96 to check if the risk estimate we provide is consistent with the expected return of 4.0E-4%. The firm shows a Beta (market volatility) of 0.59, which means possible diversification benefits within a given portfolio. As returns on the market increase, ENGlobal's returns are expected to increase less than the market. However, during the bear market, the loss of holding ENGlobal is expected to be smaller as well. ENGlobal now shows a risk of 5.52%. Please confirm ENGlobal downside variance, day median price, and the relationship between the treynor ratio and kurtosis , to decide if ENGlobal will be following its price patterns.
Auto-correlation | -0.17 |
Insignificant reverse predictability
ENGlobal has insignificant reverse predictability. Overlapping area represents the amount of predictability between ENGlobal time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 ENGlobal price movement. The serial correlation of -0.17 indicates that over 17.0% of current ENGlobal price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.17 | |
| Spearman Rank Test | -0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
ENGlobal lagged returns against current returns
Autocorrelation, which is ENGlobal 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 ENGlobal's stock expected returns. We can calculate the autocorrelation of ENGlobal returns to help us make a trade decision. For example, suppose you find that ENGlobal 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 |
ENGlobal 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 ENGlobal stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ENGlobal stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ENGlobal stock over time.
Current vs Lagged Prices |
| Timeline |
ENGlobal Lagged Returns
When evaluating ENGlobal's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ENGlobal stock have on its future price. ENGlobal 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, ENGlobal autocorrelation shows the relationship between ENGlobal stock current value and its past values and can show if there is a momentum factor associated with investing in ENGlobal.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether ENGlobal is a strong investment it is important to analyze ENGlobal's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact ENGlobal's future performance. For an informed investment choice regarding ENGlobal Stock, refer to the following important reports:Check out ENGlobal Correlation, ENGlobal Volatility and ENGlobal Alpha and Beta module to complement your research on ENGlobal. For more detail on how to invest in ENGlobal Stock please use our How to Invest in ENGlobal guide.You can also try the ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.
ENGlobal technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.