EON SE (Germany) Market Value
| EOAN Stock | EUR 12.16 0.08 0.66% |
| Symbol | EON |
EON SE '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 EON SE'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 EON SE.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in EON SE on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding EON SE or generate 0.0% return on investment in EON SE over 30 days. EON SE is related to or competes with Enel SpA, Enel SpA, Dominion Energy, National Grid, Sempra, National Grid, and Engie SA. E.ON SE operates as an energy company in Germany, the United Kingdom, Romania, Hungary, the Czech Republic, Sweden, the ... More
EON SE 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 EON SE'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 EON SE upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.21) | |||
| Maximum Drawdown | 4.59 | |||
| Value At Risk | (1.62) | |||
| Potential Upside | 1.54 |
EON SE Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for EON SE's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as EON SE's standard deviation. In reality, there are many statistical measures that can use EON SE historical prices to predict the future EON SE's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.25) | |||
| Treynor Ratio | 0.6292 |
EON SE Backtested Returns
EON SE secures Sharpe Ratio (or Efficiency) of -0.0818, which denotes the company had a -0.0818% return per unit of risk over the last 3 months. EON SE exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm EON SE's Coefficient Of Variation of (1,408), mean deviation of 0.8343, and Standard Deviation of 1.02 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.13, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning EON SE are expected to decrease at a much lower rate. During the bear market, EON SE is likely to outperform the market. At this point, EON SE has a negative expected return of -0.0832%. Please make sure to confirm EON SE's maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk , to decide if EON SE performance from the past will be repeated at future time.
Auto-correlation | -0.9 |
Excellent reverse predictability
EON SE has excellent reverse predictability. Overlapping area represents the amount of predictability between EON SE time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 EON SE price movement. The serial correlation of -0.9 indicates that approximately 90.0% of current EON SE price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.9 | |
| Spearman Rank Test | -0.79 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
EON SE lagged returns against current returns
Autocorrelation, which is EON SE 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 EON SE's stock expected returns. We can calculate the autocorrelation of EON SE returns to help us make a trade decision. For example, suppose you find that EON SE 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 |
EON SE 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 EON SE stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if EON SE stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in EON SE stock over time.
Current vs Lagged Prices |
| Timeline |
EON SE Lagged Returns
When evaluating EON SE's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of EON SE stock have on its future price. EON SE 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, EON SE autocorrelation shows the relationship between EON SE stock current value and its past values and can show if there is a momentum factor associated with investing in EON SE.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in EON Stock
EON SE financial ratios help investors to determine whether EON 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 EON with respect to the benefits of owning EON SE security.