Ensurge Micropower's market value is the price at which a share of Ensurge Micropower trades on a public exchange. It measures the collective expectations of Ensurge Micropower ASA investors about its performance. Ensurge Micropower is trading at 0.094 as of the 18th of January 2025. This is a No Change since the beginning of the trading day. The stock's lowest day price was 0.094. With this module, you can estimate the performance of a buy and hold strategy of Ensurge Micropower ASA and determine expected loss or profit from investing in Ensurge Micropower over a given investment horizon. Check out Ensurge Micropower Correlation, Ensurge Micropower Volatility and Ensurge Micropower Alpha and Beta module to complement your research on Ensurge Micropower.
Please note, there is a significant difference between Ensurge Micropower's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ensurge Micropower is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ensurge Micropower'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.
Ensurge Micropower '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 Ensurge Micropower's otc 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 Ensurge Micropower.
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12/19/2024
No Change 0.00
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In 31 days
01/18/2025
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If you would invest 0.00 in Ensurge Micropower on December 19, 2024 and sell it all today you would earn a total of 0.00 from holding Ensurge Micropower ASA or generate 0.0% return on investment in Ensurge Micropower over 30 days. Ensurge Micropower is related to or competes with Mawson Infrastructure, and World Technology. Ensurge Micropower ASA designs, develops, and produces ultrathin energy storage solutions for wearable devices, connecte... More
Ensurge Micropower 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 Ensurge Micropower's otc 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 Ensurge Micropower ASA upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ensurge Micropower's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ensurge Micropower's standard deviation. In reality, there are many statistical measures that can use Ensurge Micropower historical prices to predict the future Ensurge Micropower's volatility.
Ensurge Micropower appears to be out of control, given 3 months investment horizon. Ensurge Micropower ASA secures Sharpe Ratio (or Efficiency) of 0.0442, which denotes the company had a 0.0442% return per unit of risk over the last 3 months. We have found seventeen technical indicators for Ensurge Micropower ASA, which you can use to evaluate the volatility of the firm. Please utilize Ensurge Micropower's Variance of 36.57, standard deviation of 6.05, and Mean Deviation of 1.76 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Ensurge Micropower holds a performance score of 3. The firm shows a Beta (market volatility) of 0.64, which means possible diversification benefits within a given portfolio. As returns on the market increase, Ensurge Micropower's returns are expected to increase less than the market. However, during the bear market, the loss of holding Ensurge Micropower is expected to be smaller as well. Please check Ensurge Micropower's jensen alpha and kurtosis , to make a quick decision on whether Ensurge Micropower's price patterns will revert.
Auto-correlation
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No correlation between past and present
Ensurge Micropower ASA has no correlation between past and present. Overlapping area represents the amount of predictability between Ensurge Micropower time series from 19th of December 2024 to 3rd of January 2025 and 3rd of January 2025 to 18th 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 Ensurge Micropower ASA price movement. The serial correlation of 0.0 indicates that just 0.0% of current Ensurge Micropower price fluctuation can be explain by its past prices.
Correlation Coefficient
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Spearman Rank Test
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Residual Average
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Price Variance
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Ensurge Micropower ASA lagged returns against current returns
Autocorrelation, which is Ensurge Micropower otc 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 Ensurge Micropower's otc stock expected returns. We can calculate the autocorrelation of Ensurge Micropower returns to help us make a trade decision. For example, suppose you find that Ensurge Micropower has exhibited high autocorrelation historically, and you observe that the otc 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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Ensurge Micropower 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 Ensurge Micropower otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ensurge Micropower otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ensurge Micropower otc stock over time.
Current vs Lagged Prices
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Ensurge Micropower Lagged Returns
When evaluating Ensurge Micropower's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ensurge Micropower otc stock have on its future price. Ensurge Micropower 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, Ensurge Micropower autocorrelation shows the relationship between Ensurge Micropower otc stock current value and its past values and can show if there is a momentum factor associated with investing in Ensurge Micropower ASA.
Other Information on Investing in Ensurge OTC Stock
Ensurge Micropower financial ratios help investors to determine whether Ensurge OTC 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 Ensurge with respect to the benefits of owning Ensurge Micropower security.