Ensurge Micropower Asa Stock Market Value
| ENMPY Stock | USD 0.30 0.03 11.11% |
| Symbol | Ensurge |
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.
| 05/16/2024 |
| 12/12/2024 |
If you would invest 0.00 in Ensurge Micropower on May 16, 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 210 days. Ensurge Micropower is related to or competes with AAC Clyde, World Technology, and RESAAS Services. 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.
| Downside Deviation | 16.68 | |||
| Information Ratio | 0.0069 | |||
| Maximum Drawdown | 101.45 | |||
| Value At Risk | (15.38) | |||
| Potential Upside | 12.5 |
Ensurge Micropower Market Risk Indicators
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.| Risk Adjusted Performance | 0.0219 | |||
| Jensen Alpha | 0.3171 | |||
| Total Risk Alpha | (1.69) | |||
| Sortino Ratio | 0.0049 | |||
| Treynor Ratio | (0.19) |
Ensurge Micropower ASA Backtested Returns
Ensurge Micropower ASA secures Sharpe Ratio (or Efficiency) of -0.0197, which denotes the company had a -0.0197% return per unit of risk over the last 3 months. Ensurge Micropower ASA exposes twenty-seven different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Ensurge Micropower's Coefficient Of Variation of 5761.72, mean deviation of 5.09, and Downside Deviation of 16.68 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -1.05, which means a somewhat significant risk relative to the market. As the market becomes more bullish, returns on owning Ensurge Micropower are expected to decrease slowly. On the other hand, during market turmoil, Ensurge Micropower is expected to outperform it slightly. At this point, Ensurge Micropower ASA has a negative expected return of -0.22%. Please make sure to confirm Ensurge Micropower's jensen alpha, potential upside, as well as the relationship between the Potential Upside and daily balance of power , to decide if Ensurge Micropower ASA performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.65 |
Good predictability
Ensurge Micropower ASA has good predictability. Overlapping area represents the amount of predictability between Ensurge Micropower time series from 16th of May 2024 to 29th of August 2024 and 29th of August 2024 to 12th 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 Ensurge Micropower ASA price movement. The serial correlation of 0.65 indicates that roughly 65.0% of current Ensurge Micropower price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.65 | |
| Spearman Rank Test | 0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
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 |
| Timeline |
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 |
| Timeline |
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.
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 Ensurge OTC Stock Analysis
When running Ensurge Micropower's price analysis, check to measure Ensurge Micropower'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 Ensurge Micropower is operating at the current time. Most of Ensurge Micropower's value examination focuses on studying past and present price action to predict the probability of Ensurge Micropower's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ensurge Micropower's price. Additionally, you may evaluate how the addition of Ensurge Micropower to your portfolios can decrease your overall portfolio volatility.