Enjoei SA (Brazil) Market Value
| ENJU3 Stock | BRL 1.14 0.01 0.87% |
| Symbol | Enjoei |
Enjoei 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 Enjoei 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 Enjoei SA.
| 09/25/2024 |
| 11/24/2024 |
If you would invest 0.00 in Enjoei SA on September 25, 2024 and sell it all today you would earn a total of 0.00 from holding Enjoei SA or generate 0.0% return on investment in Enjoei SA over 60 days. Enjoei SA is related to or competes with Mliuz SA, Neogrid Participaes, Locaweb Servios, Pet Center, and Aeris Indstria. Enjoei.com.br Atividades de Internet S.A More
Enjoei 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 Enjoei 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 Enjoei SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.23) | |||
| Maximum Drawdown | 17.49 | |||
| Value At Risk | (6.12) | |||
| Potential Upside | 3.97 |
Enjoei SA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Enjoei SA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Enjoei SA's standard deviation. In reality, there are many statistical measures that can use Enjoei SA historical prices to predict the future Enjoei SA's volatility.| Risk Adjusted Performance | (0.14) | |||
| Jensen Alpha | (0.72) | |||
| Total Risk Alpha | (1.17) | |||
| Treynor Ratio | (1.01) |
Enjoei SA Backtested Returns
Enjoei SA secures Sharpe Ratio (or Efficiency) of -0.17, which denotes the company had a -0.17% return per unit of risk over the last 3 months. Enjoei SA exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Enjoei SA's Mean Deviation of 2.65, variance of 11.4, and Standard Deviation of 3.38 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.63, which means possible diversification benefits within a given portfolio. As returns on the market increase, Enjoei SA's returns are expected to increase less than the market. However, during the bear market, the loss of holding Enjoei SA is expected to be smaller as well. At this point, Enjoei SA has a negative expected return of -0.59%. Please make sure to confirm Enjoei SA's jensen alpha, value at risk, accumulation distribution, as well as the relationship between the treynor ratio and skewness , to decide if Enjoei SA performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.14 |
Insignificant reverse predictability
Enjoei SA has insignificant reverse predictability. Overlapping area represents the amount of predictability between Enjoei SA time series from 25th of September 2024 to 25th of October 2024 and 25th of October 2024 to 24th 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 Enjoei SA price movement. The serial correlation of -0.14 indicates that less than 14.0% of current Enjoei SA price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.14 | |
| Spearman Rank Test | 0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Enjoei SA lagged returns against current returns
Autocorrelation, which is Enjoei 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 Enjoei SA's stock expected returns. We can calculate the autocorrelation of Enjoei SA returns to help us make a trade decision. For example, suppose you find that Enjoei 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 |
Enjoei 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 Enjoei SA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Enjoei SA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Enjoei SA stock over time.
Current vs Lagged Prices |
| Timeline |
Enjoei SA Lagged Returns
When evaluating Enjoei SA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Enjoei SA stock have on its future price. Enjoei 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, Enjoei SA autocorrelation shows the relationship between Enjoei SA stock current value and its past values and can show if there is a momentum factor associated with investing in Enjoei SA.
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 Enjoei Stock Analysis
When running Enjoei SA's price analysis, check to measure Enjoei SA'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 Enjoei SA is operating at the current time. Most of Enjoei SA's value examination focuses on studying past and present price action to predict the probability of Enjoei SA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Enjoei SA's price. Additionally, you may evaluate how the addition of Enjoei SA to your portfolios can decrease your overall portfolio volatility.