Enter Air (Poland) Market Value
| ENT Stock | 59.60 0.70 1.19% |
| Symbol | Enter |
Enter Air '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 Enter Air'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 Enter Air.
| 10/25/2024 |
| 11/24/2024 |
If you would invest 0.00 in Enter Air on October 25, 2024 and sell it all today you would earn a total of 0.00 from holding Enter Air SA or generate 0.0% return on investment in Enter Air over 30 days.
Enter Air 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 Enter Air'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 Enter Air SA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.91 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 8.5 | |||
| Value At Risk | (3.65) | |||
| Potential Upside | 2.66 |
Enter Air Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Enter Air's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Enter Air's standard deviation. In reality, there are many statistical measures that can use Enter Air historical prices to predict the future Enter Air's volatility.| Risk Adjusted Performance | 0.0157 | |||
| Jensen Alpha | 0.0335 | |||
| Total Risk Alpha | (0.27) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | (0.08) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Enter Air's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Enter Air SA Backtested Returns
Currently, Enter Air SA is very steady. Enter Air SA secures Sharpe Ratio (or Efficiency) of 0.0281, which denotes the company had a 0.0281% return per unit of risk over the last 3 months. We have found thirty technical indicators for Enter Air SA, which you can use to evaluate the volatility of the firm. Please confirm Enter Air's Downside Deviation of 1.91, mean deviation of 1.38, and Coefficient Of Variation of 7646.75 to check if the risk estimate we provide is consistent with the expected return of 0.0502%. Enter Air has a performance score of 2 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.17, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Enter Air are expected to decrease at a much lower rate. During the bear market, Enter Air is likely to outperform the market. Enter Air SA right now shows a risk of 1.79%. Please confirm Enter Air SA maximum drawdown, accumulation distribution, relative strength index, as well as the relationship between the semi variance and day typical price , to decide if Enter Air SA will be following its price patterns.
Auto-correlation | -0.83 |
Excellent reverse predictability
Enter Air SA has excellent reverse predictability. Overlapping area represents the amount of predictability between Enter Air time series from 25th of October 2024 to 9th of November 2024 and 9th of November 2024 to 24th 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 Enter Air SA price movement. The serial correlation of -0.83 indicates that around 83.0% of current Enter Air price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.83 | |
| Spearman Rank Test | -0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 2.09 |
Enter Air SA lagged returns against current returns
Autocorrelation, which is Enter Air 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 Enter Air's stock expected returns. We can calculate the autocorrelation of Enter Air returns to help us make a trade decision. For example, suppose you find that Enter Air 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 |
Enter Air 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 Enter Air stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Enter Air stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Enter Air stock over time.
Current vs Lagged Prices |
| Timeline |
Enter Air Lagged Returns
When evaluating Enter Air's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Enter Air stock have on its future price. Enter Air 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, Enter Air autocorrelation shows the relationship between Enter Air stock current value and its past values and can show if there is a momentum factor associated with investing in Enter Air SA.
Regressed Prices |
| Timeline |
Pair Trading with Enter Air
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 Enter Air 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 Enter Air will appreciate offsetting losses from the drop in the long position's value.Moving against Enter Stock
The ability to find closely correlated positions to Enter Air could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Enter Air 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 Enter Air - 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 Enter Air SA to buy it.
The correlation of Enter Air 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 Enter Air moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Enter Air SA 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 Enter Air 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.Additional Tools for Enter Stock Analysis
When running Enter Air's price analysis, check to measure Enter Air'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 Enter Air is operating at the current time. Most of Enter Air's value examination focuses on studying past and present price action to predict the probability of Enter Air's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Enter Air's price. Additionally, you may evaluate how the addition of Enter Air to your portfolios can decrease your overall portfolio volatility.