Enel Spa Stock Market Value
| ESOCF Stock | USD 6.92 0.18 2.54% |
| Symbol | Enel |
Enel SpA '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 Enel SpA's pink sheet 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 Enel SpA.
| 12/03/2023 |
| 11/27/2024 |
If you would invest 0.00 in Enel SpA on December 3, 2023 and sell it all today you would earn a total of 0.00 from holding Enel SpA or generate 0.0% return on investment in Enel SpA over 360 days. Enel SpA is related to or competes with Black Hills, Allete, NorthWestern, and Avista. Enel SpA operates as an integrated electricity and gas operator worldwide More
Enel SpA 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 Enel SpA's pink sheet 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 Enel SpA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 8.04 | |||
| Value At Risk | (2.54) | |||
| Potential Upside | 2.38 |
Enel SpA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Enel SpA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Enel SpA's standard deviation. In reality, there are many statistical measures that can use Enel SpA historical prices to predict the future Enel SpA's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.36) | |||
| Treynor Ratio | 0.2333 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Enel SpA's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Enel SpA Backtested Returns
Enel SpA secures Sharpe Ratio (or Efficiency) of -0.0959, which denotes the company had a -0.0959% return per unit of risk over the last 3 months. Enel SpA exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Enel SpA's Mean Deviation of 1.12, standard deviation of 1.52, and Variance of 2.32 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.52, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Enel SpA are expected to decrease at a much lower rate. During the bear market, Enel SpA is likely to outperform the market. At this point, Enel SpA has a negative expected return of -0.15%. Please make sure to confirm Enel SpA's skewness, day typical price, and the relationship between the maximum drawdown and daily balance of power , to decide if Enel SpA performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.39 |
Poor reverse predictability
Enel SpA has poor reverse predictability. Overlapping area represents the amount of predictability between Enel SpA time series from 3rd of December 2023 to 31st of May 2024 and 31st of May 2024 to 27th 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 Enel SpA price movement. The serial correlation of -0.39 indicates that just about 39.0% of current Enel SpA price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.39 | |
| Spearman Rank Test | -0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 0.16 |
Enel SpA lagged returns against current returns
Autocorrelation, which is Enel SpA pink sheet'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 Enel SpA's pink sheet expected returns. We can calculate the autocorrelation of Enel SpA returns to help us make a trade decision. For example, suppose you find that Enel SpA has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Enel SpA 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 Enel SpA pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Enel SpA pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Enel SpA pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Enel SpA Lagged Returns
When evaluating Enel SpA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Enel SpA pink sheet have on its future price. Enel SpA 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, Enel SpA autocorrelation shows the relationship between Enel SpA pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Enel SpA.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Enel Pink Sheet
Enel SpA financial ratios help investors to determine whether Enel Pink Sheet 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 Enel with respect to the benefits of owning Enel SpA security.