Encounter Resources (Australia) Market Value
| ENR Stock | 0.37 0.01 2.63% |
| Symbol | Encounter |
Encounter Resources '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 Encounter Resources' 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 Encounter Resources.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in Encounter Resources on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding Encounter Resources or generate 0.0% return on investment in Encounter Resources over 720 days. Encounter Resources is related to or competes with Cleanaway Waste, Westpac Banking, Pioneer Credit, Macquarie Bank, National Australia, and Super Retail. Encounter Resources is entity of Australia More
Encounter Resources 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 Encounter Resources' 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 Encounter Resources upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 28.44 | |||
| Value At Risk | (6.38) | |||
| Potential Upside | 6.98 |
Encounter Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Encounter Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Encounter Resources' standard deviation. In reality, there are many statistical measures that can use Encounter Resources historical prices to predict the future Encounter Resources' volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.29) | |||
| Total Risk Alpha | (1.14) | |||
| Treynor Ratio | 0.6193 |
Encounter Resources Backtested Returns
Encounter Resources secures Sharpe Ratio (or Efficiency) of -0.0787, which denotes the company had a -0.0787% return per unit of standard deviation over the last 3 months. Encounter Resources exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Encounter Resources' Coefficient Of Variation of (1,338), mean deviation of 3.32, and Standard Deviation of 4.69 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.58, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Encounter Resources are expected to decrease at a much lower rate. During the bear market, Encounter Resources is likely to outperform the market. At this point, Encounter Resources has a negative expected return of -0.36%. Please make sure to confirm Encounter Resources' mean deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Encounter Resources performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.79 |
Good predictability
Encounter Resources has good predictability. Overlapping area represents the amount of predictability between Encounter Resources time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 to 2nd 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 Encounter Resources price movement. The serial correlation of 0.79 indicates that around 79.0% of current Encounter Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.79 | |
| Spearman Rank Test | 0.68 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Encounter Resources lagged returns against current returns
Autocorrelation, which is Encounter Resources 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 Encounter Resources' stock expected returns. We can calculate the autocorrelation of Encounter Resources returns to help us make a trade decision. For example, suppose you find that Encounter Resources 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 |
Encounter Resources 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 Encounter Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Encounter Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Encounter Resources stock over time.
Current vs Lagged Prices |
| Timeline |
Encounter Resources Lagged Returns
When evaluating Encounter Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Encounter Resources stock have on its future price. Encounter Resources 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, Encounter Resources autocorrelation shows the relationship between Encounter Resources stock current value and its past values and can show if there is a momentum factor associated with investing in Encounter Resources.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Encounter Stock Analysis
When running Encounter Resources' price analysis, check to measure Encounter Resources' 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 Encounter Resources is operating at the current time. Most of Encounter Resources' value examination focuses on studying past and present price action to predict the probability of Encounter Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Encounter Resources' price. Additionally, you may evaluate how the addition of Encounter Resources to your portfolios can decrease your overall portfolio volatility.