Entero Healthcare (India) Market Value
| ENTERO Stock | 1,313 8.10 0.61% |
| Symbol | Entero |
Entero Healthcare '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 Entero Healthcare'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 Entero Healthcare.
| 08/28/2024 |
| 11/26/2024 |
If you would invest 0.00 in Entero Healthcare on August 28, 2024 and sell it all today you would earn a total of 0.00 from holding Entero Healthcare Solutions or generate 0.0% return on investment in Entero Healthcare over 90 days. Entero Healthcare is related to or competes with Indian Railway, Cholamandalam Financial, Reliance Industries, Tata Consultancy, and Piramal Enterprises. Entero Healthcare is entity of India. It is traded as Stock on NSE exchange. More
Entero Healthcare 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 Entero Healthcare'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 Entero Healthcare Solutions upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.38 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 14.8 | |||
| Value At Risk | (3.32) | |||
| Potential Upside | 5.45 |
Entero Healthcare Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Entero Healthcare's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Entero Healthcare's standard deviation. In reality, there are many statistical measures that can use Entero Healthcare historical prices to predict the future Entero Healthcare's volatility.| Risk Adjusted Performance | 0.0303 | |||
| Jensen Alpha | 0.0855 | |||
| Total Risk Alpha | (0.35) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | (0.65) |
Entero Healthcare Backtested Returns
At this point, Entero Healthcare is very steady. Entero Healthcare secures Sharpe Ratio (or Efficiency) of 0.0135, which denotes the company had a 0.0135% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Entero Healthcare Solutions, which you can use to evaluate the volatility of the firm. Please confirm Entero Healthcare's Downside Deviation of 2.38, coefficient of variation of 3299.46, and Mean Deviation of 1.96 to check if the risk estimate we provide is consistent with the expected return of 0.0374%. Entero Healthcare has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.11, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Entero Healthcare are expected to decrease at a much lower rate. During the bear market, Entero Healthcare is likely to outperform the market. Entero Healthcare right now shows a risk of 2.77%. Please confirm Entero Healthcare value at risk, as well as the relationship between the skewness and day median price , to decide if Entero Healthcare will be following its price patterns.
Auto-correlation | 0.13 |
Insignificant predictability
Entero Healthcare Solutions has insignificant predictability. Overlapping area represents the amount of predictability between Entero Healthcare time series from 28th of August 2024 to 12th of October 2024 and 12th of October 2024 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 Entero Healthcare price movement. The serial correlation of 0.13 indicates that less than 13.0% of current Entero Healthcare price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.13 | |
| Spearman Rank Test | 0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 3174.35 |
Entero Healthcare lagged returns against current returns
Autocorrelation, which is Entero Healthcare 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 Entero Healthcare's stock expected returns. We can calculate the autocorrelation of Entero Healthcare returns to help us make a trade decision. For example, suppose you find that Entero Healthcare 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 |
Entero Healthcare 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 Entero Healthcare stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Entero Healthcare stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Entero Healthcare stock over time.
Current vs Lagged Prices |
| Timeline |
Entero Healthcare Lagged Returns
When evaluating Entero Healthcare's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Entero Healthcare stock have on its future price. Entero Healthcare 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, Entero Healthcare autocorrelation shows the relationship between Entero Healthcare stock current value and its past values and can show if there is a momentum factor associated with investing in Entero Healthcare Solutions.
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 Entero Stock
Entero Healthcare financial ratios help investors to determine whether Entero 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 Entero with respect to the benefits of owning Entero Healthcare security.