EnX's market value is the price at which a share of EnX trades on a public exchange. It measures the collective expectations of enX Group investors about its performance. EnX is trading at 490.00 as of the 1st of December 2024, a 0.41 percent decrease since the beginning of the trading day. The stock's lowest day price was 490.0. With this module, you can estimate the performance of a buy and hold strategy of enX Group and determine expected loss or profit from investing in EnX over a given investment horizon. Check out Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in inflation.
Symbol
EnX
EnX '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 EnX'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 EnX.
0.00
11/01/2024
No Change 0.00
0.0
In 30 days
12/01/2024
0.00
If you would invest 0.00 in EnX on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding enX Group or generate 0.0% return on investment in EnX over 30 days.
EnX 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 EnX'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 enX Group upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for EnX's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as EnX's standard deviation. In reality, there are many statistical measures that can use EnX historical prices to predict the future EnX's volatility.
enX Group secures Sharpe Ratio (or Efficiency) of -0.0194, which denotes the company had a -0.0194% return per unit of volatility over the last 3 months. enX Group exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm EnX's coefficient of variation of (3,369), and Risk Adjusted Performance of (0.01) to check the risk estimate we provide. The firm shows a Beta (market volatility) of -1.11, which means a somewhat significant risk relative to the market. As the market becomes more bullish, returns on owning EnX are expected to decrease slowly. On the other hand, during market turmoil, EnX is expected to outperform it slightly. At this point, enX Group has a negative expected return of -0.0702%. Please make sure to confirm EnX's skewness, day median price, relative strength index, as well as the relationship between the daily balance of power and price action indicator , to decide if enX Group performance from the past will be repeated at some point in the near future.
Auto-correlation
-0.28
Weak reverse predictability
enX Group has weak reverse predictability. Overlapping area represents the amount of predictability between EnX time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st of December 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 enX Group price movement. The serial correlation of -0.28 indicates that nearly 28.0% of current EnX price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.28
Spearman Rank Test
-0.29
Residual Average
0.0
Price Variance
60.88
enX Group lagged returns against current returns
Autocorrelation, which is EnX 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 EnX's stock expected returns. We can calculate the autocorrelation of EnX returns to help us make a trade decision. For example, suppose you find that EnX 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
EnX 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 EnX stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if EnX stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in EnX stock over time.
Current vs Lagged Prices
Timeline
EnX Lagged Returns
When evaluating EnX's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of EnX stock have on its future price. EnX 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, EnX autocorrelation shows the relationship between EnX stock current value and its past values and can show if there is a momentum factor associated with investing in enX Group.
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.