Eniro AB (Sweden) Market Value
| ENRO Stock | SEK 0.46 0.01 2.13% |
| Symbol | Eniro |
Eniro AB '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 Eniro AB'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 Eniro AB.
| 12/07/2022 |
| 11/26/2024 |
If you would invest 0.00 in Eniro AB on December 7, 2022 and sell it all today you would earn a total of 0.00 from holding Eniro AB or generate 0.0% return on investment in Eniro AB over 720 days. Eniro AB is related to or competes with Alfa Laval, Anoto Group, Active Biotech, and BioInvent International. Eniro AB , together with its subsidiaries, operates as a search company for individuals and businesses in Sweden, Norway... More
Eniro AB 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 Eniro AB'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 Eniro AB upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.16 | |||
| Information Ratio | 0.016 | |||
| Maximum Drawdown | 13.34 | |||
| Value At Risk | (4.17) | |||
| Potential Upside | 4.76 |
Eniro AB Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Eniro AB's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Eniro AB's standard deviation. In reality, there are many statistical measures that can use Eniro AB historical prices to predict the future Eniro AB's volatility.| Risk Adjusted Performance | 0.056 | |||
| Jensen Alpha | 0.0967 | |||
| Total Risk Alpha | (0.27) | |||
| Sortino Ratio | 0.0139 | |||
| Treynor Ratio | 0.2929 |
Eniro AB Backtested Returns
Currently, Eniro AB is abnormally volatile. Eniro AB secures Sharpe Ratio (or Efficiency) of 0.0651, which denotes the company had a 0.0651% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Eniro AB, which you can use to evaluate the volatility of the firm. Please confirm Eniro AB's Mean Deviation of 1.97, downside deviation of 3.16, and Coefficient Of Variation of 1570.32 to check if the risk estimate we provide is consistent with the expected return of 0.18%. Eniro AB has a performance score of 5 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.56, which means possible diversification benefits within a given portfolio. As returns on the market increase, Eniro AB's returns are expected to increase less than the market. However, during the bear market, the loss of holding Eniro AB is expected to be smaller as well. Eniro AB right now shows a risk of 2.75%. Please confirm Eniro AB information ratio, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if Eniro AB will be following its price patterns.
Auto-correlation | 0.52 |
Modest predictability
Eniro AB has modest predictability. Overlapping area represents the amount of predictability between Eniro AB time series from 7th of December 2022 to 2nd of December 2023 and 2nd of December 2023 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 Eniro AB price movement. The serial correlation of 0.52 indicates that about 52.0% of current Eniro AB price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.52 | |
| Spearman Rank Test | 0.59 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Eniro AB lagged returns against current returns
Autocorrelation, which is Eniro AB 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 Eniro AB's stock expected returns. We can calculate the autocorrelation of Eniro AB returns to help us make a trade decision. For example, suppose you find that Eniro AB 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 |
Eniro AB 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 Eniro AB stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Eniro AB stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Eniro AB stock over time.
Current vs Lagged Prices |
| Timeline |
Eniro AB Lagged Returns
When evaluating Eniro AB's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Eniro AB stock have on its future price. Eniro AB 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, Eniro AB autocorrelation shows the relationship between Eniro AB stock current value and its past values and can show if there is a momentum factor associated with investing in Eniro AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Eniro Stock Analysis
When running Eniro AB's price analysis, check to measure Eniro AB'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 Eniro AB is operating at the current time. Most of Eniro AB's value examination focuses on studying past and present price action to predict the probability of Eniro AB's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Eniro AB's price. Additionally, you may evaluate how the addition of Eniro AB to your portfolios can decrease your overall portfolio volatility.