Entourage Health Corp Stock Market Value
| ENTG Stock | 0.01 0.01 50.00% |
| Symbol | Entourage |
Entourage Health Corp Price To Book Ratio
Entourage Health '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 Entourage Health'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 Entourage Health.
| 10/25/2024 |
| 11/24/2024 |
If you would invest 0.00 in Entourage Health on October 25, 2024 and sell it all today you would earn a total of 0.00 from holding Entourage Health Corp or generate 0.0% return on investment in Entourage Health over 30 days. Entourage Health is entity of Canada. It is traded as Stock on V exchange. More
Entourage Health 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 Entourage Health'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 Entourage Health Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 40.18 | |||
| Information Ratio | 0.136 | |||
| Maximum Drawdown | 150.0 | |||
| Value At Risk | (50.00) | |||
| Potential Upside | 100.0 |
Entourage Health Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Entourage Health's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Entourage Health's standard deviation. In reality, there are many statistical measures that can use Entourage Health historical prices to predict the future Entourage Health's volatility.| Risk Adjusted Performance | 0.1168 | |||
| Jensen Alpha | 3.72 | |||
| Total Risk Alpha | (0.70) | |||
| Sortino Ratio | 0.1287 | |||
| Treynor Ratio | 0.4069 |
Entourage Health Corp Backtested Returns
Entourage Health is out of control given 3 months investment horizon. Entourage Health Corp 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. We were able to interpolate and analyze data for thirty different technical indicators, which can help you to evaluate if expected returns of 4.69% are justified by taking the suggested risk. Use Entourage Health Coefficient Of Variation of 717.02, downside deviation of 40.18, and Mean Deviation of 27.73 to evaluate company specific risk that cannot be diversified away. Entourage Health holds a performance score of 9 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of 13.01, which means a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Entourage Health will likely underperform. Use Entourage Health treynor ratio, value at risk, and the relationship between the sortino ratio and maximum drawdown , to analyze future returns on Entourage Health.
Auto-correlation | -0.37 |
Poor reverse predictability
Entourage Health Corp has poor reverse predictability. Overlapping area represents the amount of predictability between Entourage Health 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 Entourage Health Corp price movement. The serial correlation of -0.37 indicates that just about 37.0% of current Entourage Health price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.37 | |
| Spearman Rank Test | 0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Entourage Health Corp lagged returns against current returns
Autocorrelation, which is Entourage Health 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 Entourage Health's stock expected returns. We can calculate the autocorrelation of Entourage Health returns to help us make a trade decision. For example, suppose you find that Entourage Health 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 |
Entourage Health 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 Entourage Health stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Entourage Health stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Entourage Health stock over time.
Current vs Lagged Prices |
| Timeline |
Entourage Health Lagged Returns
When evaluating Entourage Health's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Entourage Health stock have on its future price. Entourage Health 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, Entourage Health autocorrelation shows the relationship between Entourage Health stock current value and its past values and can show if there is a momentum factor associated with investing in Entourage Health Corp.
Regressed Prices |
| Timeline |
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Additional Tools for Entourage Stock Analysis
When running Entourage Health's price analysis, check to measure Entourage Health'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 Entourage Health is operating at the current time. Most of Entourage Health's value examination focuses on studying past and present price action to predict the probability of Entourage Health's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Entourage Health's price. Additionally, you may evaluate how the addition of Entourage Health to your portfolios can decrease your overall portfolio volatility.