Enags SA (Spain) Market Value
| ENG Stock | EUR 12.88 0.19 1.50% |
| Symbol | Enags |
Enags SA '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 Enags SA'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 Enags SA.
| 05/30/2024 |
| 11/26/2024 |
If you would invest 0.00 in Enags SA on May 30, 2024 and sell it all today you would earn a total of 0.00 from holding Enags SA or generate 0.0% return on investment in Enags SA over 180 days. Enags SA is related to or competes with Mapfre, Endesa SA, ACS Actividades, Iberdrola, and Repsol. Enags, S.A. engages in the development, operation, and maintenance of gas infrastructures in Spain, Mexico, Chile, Peru,... More
Enags SA 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 Enags SA'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 Enags SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.23) | |||
| Maximum Drawdown | 4.53 | |||
| Value At Risk | (1.63) | |||
| Potential Upside | 1.7 |
Enags SA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Enags SA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Enags SA's standard deviation. In reality, there are many statistical measures that can use Enags SA historical prices to predict the future Enags SA's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.24) | |||
| Treynor Ratio | 0.302 |
Enags SA Backtested Returns
Enags SA secures Sharpe Ratio (or Efficiency) of -0.12, which denotes the company had a -0.12% return per unit of standard deviation over the last 3 months. Enags SA exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Enags SA's Coefficient Of Variation of (1,111), standard deviation of 0.9518, and Mean Deviation of 0.7142 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.32, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Enags SA are expected to decrease at a much lower rate. During the bear market, Enags SA is likely to outperform the market. At this point, Enags SA has a negative expected return of -0.11%. Please make sure to confirm Enags SA's total risk alpha, potential upside, and the relationship between the standard deviation and maximum drawdown , to decide if Enags SA performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.23 |
Weak reverse predictability
Enags SA has weak reverse predictability. Overlapping area represents the amount of predictability between Enags SA time series from 30th of May 2024 to 28th of August 2024 and 28th of August 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 Enags SA price movement. The serial correlation of -0.23 indicates that over 23.0% of current Enags SA price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.23 | |
| Spearman Rank Test | -0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 0.24 |
Enags SA lagged returns against current returns
Autocorrelation, which is Enags SA 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 Enags SA's stock expected returns. We can calculate the autocorrelation of Enags SA returns to help us make a trade decision. For example, suppose you find that Enags SA 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 |
Enags SA 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 Enags SA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Enags SA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Enags SA stock over time.
Current vs Lagged Prices |
| Timeline |
Enags SA Lagged Returns
When evaluating Enags SA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Enags SA stock have on its future price. Enags SA 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, Enags SA autocorrelation shows the relationship between Enags SA stock current value and its past values and can show if there is a momentum factor associated with investing in Enags SA.
Regressed Prices |
| Timeline |
Also Currently Popular
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.Other Information on Investing in Enags Stock
Enags SA financial ratios help investors to determine whether Enags 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 Enags with respect to the benefits of owning Enags SA security.