Entergy New Orleans Stock Market Value
| ENO Stock | USD 23.45 0.03 0.13% |
| Symbol | Entergy |
Entergy New Orleans Price To Book Ratio
Is Environmental & Facilities Services space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Entergy New. If investors know Entergy will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Entergy New listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Return On Equity 0.0934 |
The market value of Entergy New Orleans is measured differently than its book value, which is the value of Entergy that is recorded on the company's balance sheet. Investors also form their own opinion of Entergy New's value that differs from its market value or its book value, called intrinsic value, which is Entergy New's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Entergy New's market value can be influenced by many factors that don't directly affect Entergy New's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Entergy New's value and its price as these two are different measures arrived at by different means. Investors typically determine if Entergy New is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Entergy New'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.
Entergy New '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 Entergy New'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 Entergy New.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Entergy New on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Entergy New Orleans or generate 0.0% return on investment in Entergy New over 30 days. Entergy New is related to or competes with Entergy Arkansas, Entergy New, Entergy Mississippi, Southern, and DTE Energy. Entergy New Orleans, LLC provides electric and gas services More
Entergy New 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 Entergy New'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 Entergy New Orleans upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.22) | |||
| Maximum Drawdown | 5.01 | |||
| Value At Risk | (1.28) | |||
| Potential Upside | 1.04 |
Entergy New Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Entergy New's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Entergy New's standard deviation. In reality, there are many statistical measures that can use Entergy New historical prices to predict the future Entergy New's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.16) | |||
| Treynor Ratio | (0.15) |
Entergy New Orleans Backtested Returns
Entergy New Orleans secures Sharpe Ratio (or Efficiency) of -0.0398, which denotes the company had a -0.0398% return per unit of risk over the last 3 months. Entergy New Orleans exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Entergy New's Mean Deviation of 0.5201, variance of 0.5572, and Standard Deviation of 0.7465 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.3, which means possible diversification benefits within a given portfolio. As returns on the market increase, Entergy New's returns are expected to increase less than the market. However, during the bear market, the loss of holding Entergy New is expected to be smaller as well. At this point, Entergy New Orleans has a negative expected return of -0.0301%. Please make sure to confirm Entergy New's treynor ratio, kurtosis, as well as the relationship between the Kurtosis and day typical price , to decide if Entergy New Orleans performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.08 |
Virtually no predictability
Entergy New Orleans has virtually no predictability. Overlapping area represents the amount of predictability between Entergy New time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 Entergy New Orleans price movement. The serial correlation of 0.08 indicates that barely 8.0% of current Entergy New price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.08 | |
| Spearman Rank Test | -0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 0.3 |
Entergy New Orleans lagged returns against current returns
Autocorrelation, which is Entergy New 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 Entergy New's stock expected returns. We can calculate the autocorrelation of Entergy New returns to help us make a trade decision. For example, suppose you find that Entergy New 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 |
Entergy New 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 Entergy New stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Entergy New stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Entergy New stock over time.
Current vs Lagged Prices |
| Timeline |
Entergy New Lagged Returns
When evaluating Entergy New's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Entergy New stock have on its future price. Entergy New 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, Entergy New autocorrelation shows the relationship between Entergy New stock current value and its past values and can show if there is a momentum factor associated with investing in Entergy New Orleans.
Regressed Prices |
| Timeline |
Pair Trading with Entergy New
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Entergy New position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Entergy New will appreciate offsetting losses from the drop in the long position's value.Moving against Entergy Stock
| 0.43 | VIRC | Virco Manufacturing | PairCorr |
| 0.43 | VRSK | Verisk Analytics | PairCorr |
| 0.32 | DLHC | DLH Holdings Corp Fiscal Year End 4th of December 2024 | PairCorr |
The ability to find closely correlated positions to Entergy New could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Entergy New when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Entergy New - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Entergy New Orleans to buy it.
The correlation of Entergy New is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Entergy New moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Entergy New Orleans moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Entergy New can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Entergy New Correlation, Entergy New Volatility and Entergy New Alpha and Beta module to complement your research on Entergy New. You can also try the Content Syndication module to quickly integrate customizable finance content to your own investment portal.
Entergy New technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.