Enerjisa Enerji (Turkey) Market Value
| ENJSA Stock | TRY 63.40 0.10 0.16% |
| Symbol | Enerjisa |
Enerjisa Enerji '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 Enerjisa Enerji'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 Enerjisa Enerji.
| 12/17/2023 |
| 12/11/2024 |
If you would invest 0.00 in Enerjisa Enerji on December 17, 2023 and sell it all today you would earn a total of 0.00 from holding Enerjisa Enerji AS or generate 0.0% return on investment in Enerjisa Enerji over 360 days. Enerjisa Enerji is related to or competes with Eregli Demir, Turkiye Sise, Tofas Turk, Ford Otomotiv, and Haci Omer. Enerjisa Enerji A.S. operates as an electricity distribution and retail company in Turkey More
Enerjisa Enerji 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 Enerjisa Enerji'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 Enerjisa Enerji AS upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.14 | |||
| Information Ratio | 0.0144 | |||
| Maximum Drawdown | 9.53 | |||
| Value At Risk | (3.32) | |||
| Potential Upside | 3.57 |
Enerjisa Enerji Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Enerjisa Enerji's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Enerjisa Enerji's standard deviation. In reality, there are many statistical measures that can use Enerjisa Enerji historical prices to predict the future Enerjisa Enerji's volatility.| Risk Adjusted Performance | 0.0616 | |||
| Jensen Alpha | 0.1242 | |||
| Total Risk Alpha | (0.17) | |||
| Sortino Ratio | 0.0135 | |||
| Treynor Ratio | 0.8587 |
Enerjisa Enerji AS Backtested Returns
Enerjisa Enerji appears to be very steady, given 3 months investment horizon. Enerjisa Enerji AS secures Sharpe Ratio (or Efficiency) of 0.12, which denotes the company had a 0.12% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Enerjisa Enerji AS, which you can use to evaluate the volatility of the firm. Please utilize Enerjisa Enerji's Coefficient Of Variation of 1308.55, mean deviation of 1.6, and Downside Deviation of 2.14 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Enerjisa Enerji holds a performance score of 9. The firm shows a Beta (market volatility) of 0.17, which means not very significant fluctuations relative to the market. As returns on the market increase, Enerjisa Enerji's returns are expected to increase less than the market. However, during the bear market, the loss of holding Enerjisa Enerji is expected to be smaller as well. Please check Enerjisa Enerji's maximum drawdown, skewness, and the relationship between the total risk alpha and downside variance , to make a quick decision on whether Enerjisa Enerji's price patterns will revert.
Auto-correlation | -0.67 |
Very good reverse predictability
Enerjisa Enerji AS has very good reverse predictability. Overlapping area represents the amount of predictability between Enerjisa Enerji time series from 17th of December 2023 to 14th of June 2024 and 14th of June 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 Enerjisa Enerji AS price movement. The serial correlation of -0.67 indicates that around 67.0% of current Enerjisa Enerji price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.67 | |
| Spearman Rank Test | -0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 20.68 |
Enerjisa Enerji AS lagged returns against current returns
Autocorrelation, which is Enerjisa Enerji 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 Enerjisa Enerji's stock expected returns. We can calculate the autocorrelation of Enerjisa Enerji returns to help us make a trade decision. For example, suppose you find that Enerjisa Enerji 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 |
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Enerjisa Enerji 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 Enerjisa Enerji stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Enerjisa Enerji stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Enerjisa Enerji stock over time.
Current vs Lagged Prices |
| Timeline |
Enerjisa Enerji Lagged Returns
When evaluating Enerjisa Enerji's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Enerjisa Enerji stock have on its future price. Enerjisa Enerji 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, Enerjisa Enerji autocorrelation shows the relationship between Enerjisa Enerji stock current value and its past values and can show if there is a momentum factor associated with investing in Enerjisa Enerji AS.
Regressed Prices |
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Thematic Opportunities
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Other Information on Investing in Enerjisa Stock
Enerjisa Enerji financial ratios help investors to determine whether Enerjisa 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 Enerjisa with respect to the benefits of owning Enerjisa Enerji security.