Entergy New Orleans Stock Market Value
| ENJ Stock | USD 22.76 0.23 1.00% |
| Symbol | Entergy |
Entergy New Orleans Price To Book Ratio
Is Electric Utilities 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 Entergy New. If investors know Entergy 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 Entergy New listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Return On Equity 0.1183 |
The market value of Entergy New Orleans is measured differently than its book value, which is the value of Entergy that is recorded on the company's balance sheet. Investors also form their own opinion of Entergy New's value that differs from its market value or its book value, called intrinsic value, which is Entergy New'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 Entergy New's market value can be influenced by many factors that don't directly affect Entergy New'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 Entergy New's value and its price as these two are different measures arrived at by different means. Investors typically determine if Entergy New is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Entergy New'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.
Entergy New '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 Entergy New'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 Entergy New.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Entergy New on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Entergy New Orleans or generate 0.0% return on investment in Entergy New over 30 days. Entergy New is related to or competes with Entergy New, Entergy Arkansas, Entergy Mississippi, Entergy Louisiana, and Georgia Power. Entergy New Orleans, LLC provides electric and gas services More
Entergy New 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 Entergy New'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 Entergy New Orleans upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.06 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 6.7 | |||
| Value At Risk | (1.65) | |||
| Potential Upside | 2.3 |
Entergy New Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Entergy New's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Entergy New's standard deviation. In reality, there are many statistical measures that can use Entergy New historical prices to predict the future Entergy New's volatility.| Risk Adjusted Performance | 0.0367 | |||
| Jensen Alpha | 0.0154 | |||
| Total Risk Alpha | (0.15) | |||
| Sortino Ratio | (0.07) | |||
| Treynor Ratio | 0.1886 |
Entergy New Orleans Backtested Returns
Entergy New is very steady at the moment. Entergy New Orleans secures Sharpe Ratio (or Efficiency) of 0.0128, which denotes the company had a 0.0128% return per unit of risk over the last 3 months. We have found thirty technical indicators for Entergy New Orleans, which you can use to evaluate the volatility of the firm. Please confirm Entergy New's Downside Deviation of 1.06, coefficient of variation of 2328.06, and Mean Deviation of 0.8281 to check if the risk estimate we provide is consistent with the expected return of 0.0159%. Entergy New has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.23, which means not very significant fluctuations relative to the market. As returns on the market increase, Entergy New's returns are expected to increase less than the market. However, during the bear market, the loss of holding Entergy New is expected to be smaller as well. Entergy New Orleans right now shows a risk of 1.24%. Please confirm Entergy New Orleans maximum drawdown, accumulation distribution, relative strength index, as well as the relationship between the semi variance and day typical price , to decide if Entergy New Orleans will be following its price patterns.
Auto-correlation | -0.1 |
Very weak reverse predictability
Entergy New Orleans has very weak reverse predictability. Overlapping area represents the amount of predictability between Entergy New time series from 27th of October 2024 to 11th of November 2024 and 11th of November 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 Entergy New Orleans price movement. The serial correlation of -0.1 indicates that less than 10.0% of current Entergy New price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.1 | |
| Spearman Rank Test | -0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
Entergy New Orleans lagged returns against current returns
Autocorrelation, which is Entergy New 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 Entergy New's stock expected returns. We can calculate the autocorrelation of Entergy New returns to help us make a trade decision. For example, suppose you find that Entergy New 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 |
Entergy New 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 Entergy New stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Entergy New stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Entergy New stock over time.
Current vs Lagged Prices |
| Timeline |
Entergy New Lagged Returns
When evaluating Entergy New's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Entergy New stock have on its future price. Entergy New 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, Entergy New autocorrelation shows the relationship between Entergy New stock current value and its past values and can show if there is a momentum factor associated with investing in Entergy New Orleans.
Regressed Prices |
| Timeline |
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Entergy New 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.