Energix Renewable (Israel) Market Value
| ENRG Stock | ILA 1,143 9.00 0.78% |
| Symbol | Energix |
Energix Renewable '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 Energix Renewable'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 Energix Renewable.
| 12/29/2023 |
| 11/23/2024 |
If you would invest 0.00 in Energix Renewable on December 29, 2023 and sell it all today you would earn a total of 0.00 from holding Energix Renewable Energies or generate 0.0% return on investment in Energix Renewable over 330 days. Energix Renewable is related to or competes with Enlight Renewable, Meshek Energy, and Ormat Technologies. Energix - Renewable Energies Ltd initiates, develops, and constructs renewable energy projects in Israel and Poland More
Energix Renewable 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 Energix Renewable'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 Energix Renewable Energies upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 12.53 | |||
| Value At Risk | (3.30) | |||
| Potential Upside | 3.95 |
Energix Renewable Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Energix Renewable's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Energix Renewable's standard deviation. In reality, there are many statistical measures that can use Energix Renewable historical prices to predict the future Energix Renewable's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.19) | |||
| Total Risk Alpha | (0.55) | |||
| Treynor Ratio | 1.39 |
Energix Renewable Backtested Returns
Energix Renewable secures Sharpe Ratio (or Efficiency) of -0.13, which denotes the company had a -0.13% return per unit of risk over the last 3 months. Energix Renewable Energies exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Energix Renewable's Variance of 4.73, standard deviation of 2.17, and Mean Deviation of 1.61 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.15, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Energix Renewable are expected to decrease at a much lower rate. During the bear market, Energix Renewable is likely to outperform the market. At this point, Energix Renewable has a negative expected return of -0.28%. Please make sure to confirm Energix Renewable's jensen alpha, treynor ratio, and the relationship between the standard deviation and total risk alpha , to decide if Energix Renewable performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.36 |
Poor reverse predictability
Energix Renewable Energies has poor reverse predictability. Overlapping area represents the amount of predictability between Energix Renewable time series from 29th of December 2023 to 11th of June 2024 and 11th of June 2024 to 23rd 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 Energix Renewable price movement. The serial correlation of -0.36 indicates that just about 36.0% of current Energix Renewable price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.36 | |
| Spearman Rank Test | -0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 2978.12 |
Energix Renewable lagged returns against current returns
Autocorrelation, which is Energix Renewable 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 Energix Renewable's stock expected returns. We can calculate the autocorrelation of Energix Renewable returns to help us make a trade decision. For example, suppose you find that Energix Renewable 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 |
Energix Renewable 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 Energix Renewable stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Energix Renewable stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Energix Renewable stock over time.
Current vs Lagged Prices |
| Timeline |
Energix Renewable Lagged Returns
When evaluating Energix Renewable's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Energix Renewable stock have on its future price. Energix Renewable 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, Energix Renewable autocorrelation shows the relationship between Energix Renewable stock current value and its past values and can show if there is a momentum factor associated with investing in Energix Renewable Energies.
Regressed Prices |
| Timeline |
Also Currently Popular
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.Other Information on Investing in Energix Stock
Energix Renewable financial ratios help investors to determine whether Energix 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 Energix with respect to the benefits of owning Energix Renewable security.