Ensurge Micropower (Norway) Market Value
| ENSU Stock | 0.83 0.05 5.68% |
| 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 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.
| 11/29/2023 |
| 11/23/2024 |
If you would invest 0.00 in Ensurge Micropower on November 29, 2023 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 360 days. Ensurge Micropower is related to or competes with Idex ASA, REC Silicon, Aker Horizons, Saga Pure, and Next Biometrics. 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 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.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 24.38 | |||
| Value At Risk | (6.87) | |||
| Potential Upside | 7.41 |
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 | (0.08) | |||
| Jensen Alpha | (0.75) | |||
| Total Risk Alpha | (1.44) | |||
| Treynor Ratio | (0.56) |
Ensurge Micropower ASA Backtested Returns
Ensurge Micropower ASA secures Sharpe Ratio (or Efficiency) of -0.12, which denotes the company had a -0.12% return per unit of risk over the last 3 months. Ensurge Micropower ASA exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Ensurge Micropower's Variance of 27.52, mean deviation of 3.68, and Standard Deviation of 5.25 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.1, which means a somewhat significant risk relative to the market. Ensurge Micropower returns are very sensitive to returns on the market. As the market goes up or down, Ensurge Micropower is expected to follow. At this point, Ensurge Micropower ASA has a negative expected return of -0.64%. Please make sure to confirm Ensurge Micropower's potential upside, kurtosis, and the relationship between the value at risk and skewness , to decide if Ensurge Micropower ASA performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.67 |
Very good reverse predictability
Ensurge Micropower ASA has very good reverse predictability. Overlapping area represents the amount of predictability between Ensurge Micropower time series from 29th of November 2023 to 27th of May 2024 and 27th of May 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 Ensurge Micropower ASA price movement. The serial correlation of -0.67 indicates that around 67.0% of current Ensurge Micropower price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.67 | |
| Spearman Rank Test | -0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
Ensurge Micropower ASA lagged returns against current returns
Autocorrelation, which is Ensurge Micropower 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 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 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 stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ensurge Micropower 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 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 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 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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Ensurge Micropower financial ratios help investors to determine whether Ensurge 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 Ensurge with respect to the benefits of owning Ensurge Micropower security.