El Paso Energy Preferred Stock Market Value
| EP-PC Preferred Stock | USD 48.48 0.06 0.12% |
| Symbol | EP-PC |
El Paso '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 El Paso's preferred 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 El Paso.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in El Paso on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding El Paso Energy or generate 0.0% return on investment in El Paso over 30 days. El Paso is related to or competes with Dynagas LNG, and GasLog Partners. More
El Paso 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 El Paso's preferred 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 El Paso Energy upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.4607 | |||
| Information Ratio | (0.22) | |||
| Maximum Drawdown | 2.77 | |||
| Value At Risk | (0.77) | |||
| Potential Upside | 0.8257 |
El Paso Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for El Paso's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as El Paso's standard deviation. In reality, there are many statistical measures that can use El Paso historical prices to predict the future El Paso's volatility.| Risk Adjusted Performance | 0.0362 | |||
| Jensen Alpha | 0.0123 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | (0.23) | |||
| Treynor Ratio | 0.523 |
El Paso Energy Backtested Returns
At this point, El Paso is very steady. El Paso Energy retains Efficiency (Sharpe Ratio) of 0.0642, which denotes the company had a 0.0642% return per unit of price deviation over the last 3 months. We have found thirty technical indicators for El Paso, which you can use to evaluate the volatility of the firm. Please confirm El Paso's Market Risk Adjusted Performance of 0.533, standard deviation of 0.4679, and Downside Deviation of 0.4607 to check if the risk estimate we provide is consistent with the expected return of 0.029%. El Paso has a performance score of 5 on a scale of 0 to 100. The firm owns a Beta (Systematic Risk) of 0.0306, which means not very significant fluctuations relative to the market. As returns on the market increase, El Paso's returns are expected to increase less than the market. However, during the bear market, the loss of holding El Paso is expected to be smaller as well. El Paso Energy at this time owns a risk of 0.45%. Please confirm El Paso Energy mean deviation, standard deviation, treynor ratio, as well as the relationship between the downside deviation and total risk alpha , to decide if El Paso Energy will be following its current price history.
Auto-correlation | 0.43 |
Average predictability
El Paso Energy has average predictability. Overlapping area represents the amount of predictability between El Paso time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 El Paso Energy price movement. The serial correlation of 0.43 indicates that just about 43.0% of current El Paso price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.43 | |
| Spearman Rank Test | 0.46 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
El Paso Energy lagged returns against current returns
Autocorrelation, which is El Paso preferred 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 El Paso's preferred stock expected returns. We can calculate the autocorrelation of El Paso returns to help us make a trade decision. For example, suppose you find that El Paso has exhibited high autocorrelation historically, and you observe that the preferred 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 |
El Paso 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 El Paso preferred stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if El Paso preferred stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in El Paso preferred stock over time.
Current vs Lagged Prices |
| Timeline |
El Paso Lagged Returns
When evaluating El Paso's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of El Paso preferred stock have on its future price. El Paso 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, El Paso autocorrelation shows the relationship between El Paso preferred stock current value and its past values and can show if there is a momentum factor associated with investing in El Paso Energy.
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 EP-PC Preferred Stock
El Paso financial ratios help investors to determine whether EP-PC Preferred 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 EP-PC with respect to the benefits of owning El Paso security.