Enel Societa Per Stock Market Value
| ENLAY Stock | USD 7.11 0.14 2.01% |
| Symbol | ENEL |
ENEL Societa '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 ENEL Societa's pink sheet 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 ENEL Societa.
| 01/01/2025 |
| 01/31/2025 |
If you would invest 0.00 in ENEL Societa on January 1, 2025 and sell it all today you would earn a total of 0.00 from holding ENEL Societa per or generate 0.0% return on investment in ENEL Societa over 30 days. ENEL Societa is related to or competes with Insteel Industries, Evolution Mining, Summit Materials, GE Vernova, Transportadora, Eldorado Gold, and Atmos Energy. Enel SpA operates as an integrated electricity and gas operator worldwide More
ENEL Societa 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 ENEL Societa's pink sheet 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 ENEL Societa per upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 6.81 | |||
| Value At Risk | (2.66) | |||
| Potential Upside | 1.83 |
ENEL Societa Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ENEL Societa's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ENEL Societa's standard deviation. In reality, there are many statistical measures that can use ENEL Societa historical prices to predict the future ENEL Societa's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (0.28) | |||
| Treynor Ratio | 18.81 |
ENEL Societa per Backtested Returns
ENEL Societa per secures Sharpe Ratio (or Efficiency) of -0.0748, which denotes the company had a -0.0748 % return per unit of return volatility over the last 3 months. ENEL Societa per exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm ENEL Societa's mean deviation of 1.02, and Standard Deviation of 1.33 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.007, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning ENEL Societa are expected to decrease at a much lower rate. During the bear market, ENEL Societa is likely to outperform the market. At this point, ENEL Societa per has a negative expected return of -0.1%. Please make sure to confirm ENEL Societa's total risk alpha, as well as the relationship between the kurtosis and day typical price , to decide if ENEL Societa per performance from the past will be repeated in the future.
Auto-correlation | -0.02 |
Very weak reverse predictability
ENEL Societa per has very weak reverse predictability. Overlapping area represents the amount of predictability between ENEL Societa time series from 1st of January 2025 to 16th of January 2025 and 16th of January 2025 to 31st of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of ENEL Societa per price movement. The serial correlation of -0.02 indicates that only 2.0% of current ENEL Societa price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.02 | |
| Spearman Rank Test | -0.83 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
ENEL Societa per lagged returns against current returns
Autocorrelation, which is ENEL Societa pink sheet'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 ENEL Societa's pink sheet expected returns. We can calculate the autocorrelation of ENEL Societa returns to help us make a trade decision. For example, suppose you find that ENEL Societa has exhibited high autocorrelation historically, and you observe that the pink sheet 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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ENEL Societa 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 ENEL Societa pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ENEL Societa pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ENEL Societa pink sheet over time.
Current vs Lagged Prices |
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ENEL Societa Lagged Returns
When evaluating ENEL Societa's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ENEL Societa pink sheet have on its future price. ENEL Societa 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, ENEL Societa autocorrelation shows the relationship between ENEL Societa pink sheet current value and its past values and can show if there is a momentum factor associated with investing in ENEL Societa per.
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 ENEL Pink Sheet Analysis
When running ENEL Societa's price analysis, check to measure ENEL Societa'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 ENEL Societa is operating at the current time. Most of ENEL Societa's value examination focuses on studying past and present price action to predict the probability of ENEL Societa's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ENEL Societa's price. Additionally, you may evaluate how the addition of ENEL Societa to your portfolios can decrease your overall portfolio volatility.