Ensign Energy Services Stock Market Value
| ESVIF Stock | USD 2.09 0.01 0.48% |
| Symbol | Ensign |
Ensign Energy '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 Ensign Energy'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 Ensign Energy.
| 12/08/2022 |
| 11/27/2024 |
If you would invest 0.00 in Ensign Energy on December 8, 2022 and sell it all today you would earn a total of 0.00 from holding Ensign Energy Services or generate 0.0% return on investment in Ensign Energy over 720 days. Ensign Energy is related to or competes with Patterson UTI, Noble Plc, Helmerich, and Precision Drilling. Ensign Energy Services Inc., together with its subsidiaries, provides oilfield services to the crude oil and natural gas... More
Ensign Energy 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 Ensign Energy'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 Ensign Energy Services upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.32 | |||
| Information Ratio | 0.0337 | |||
| Maximum Drawdown | 10.8 | |||
| Value At Risk | (3.59) | |||
| Potential Upside | 5.0 |
Ensign Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ensign Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ensign Energy's standard deviation. In reality, there are many statistical measures that can use Ensign Energy historical prices to predict the future Ensign Energy's volatility.| Risk Adjusted Performance | 0.0726 | |||
| Jensen Alpha | 0.104 | |||
| Total Risk Alpha | (0.19) | |||
| Sortino Ratio | 0.0363 | |||
| Treynor Ratio | 0.245 |
Ensign Energy Services Backtested Returns
Ensign Energy appears to be risky, given 3 months investment horizon. Ensign Energy Services secures Sharpe Ratio (or Efficiency) of 0.0981, which denotes the company had a 0.0981% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Ensign Energy Services, which you can use to evaluate the volatility of the firm. Please utilize Ensign Energy's Coefficient Of Variation of 1163.65, downside deviation of 2.32, and Mean Deviation of 1.89 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Ensign Energy holds a performance score of 7. The firm shows a Beta (market volatility) of 0.83, which means possible diversification benefits within a given portfolio. As returns on the market increase, Ensign Energy's returns are expected to increase less than the market. However, during the bear market, the loss of holding Ensign Energy is expected to be smaller as well. Please check Ensign Energy's semi variance, and the relationship between the maximum drawdown and accumulation distribution , to make a quick decision on whether Ensign Energy's price patterns will revert.
Auto-correlation | -0.31 |
Poor reverse predictability
Ensign Energy Services has poor reverse predictability. Overlapping area represents the amount of predictability between Ensign Energy time series from 8th of December 2022 to 3rd of December 2023 and 3rd of December 2023 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 Ensign Energy Services price movement. The serial correlation of -0.31 indicates that nearly 31.0% of current Ensign Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.31 | |
| Spearman Rank Test | -0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Ensign Energy Services lagged returns against current returns
Autocorrelation, which is Ensign Energy 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 Ensign Energy's pink sheet expected returns. We can calculate the autocorrelation of Ensign Energy returns to help us make a trade decision. For example, suppose you find that Ensign Energy 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 |
Ensign Energy 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 Ensign Energy pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ensign Energy pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ensign Energy pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Ensign Energy Lagged Returns
When evaluating Ensign Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ensign Energy pink sheet have on its future price. Ensign Energy 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, Ensign Energy autocorrelation shows the relationship between Ensign Energy pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Ensign Energy Services.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Ensign Pink Sheet
Ensign Energy financial ratios help investors to determine whether Ensign 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 Ensign with respect to the benefits of owning Ensign Energy security.