Entergy Texas Preferred Stock Market Value
| ETI-P Preferred Stock | USD 24.61 0.07 0.28% |
| Symbol | Entergy |
Entergy Texas '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 Entergy Texas' 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 Entergy Texas.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Entergy Texas on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Entergy Texas or generate 0.0% return on investment in Entergy Texas over 30 days. Entergy Texas is related to or competes with Duke Energy, Spire, and CMS Energy. More
Entergy Texas 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 Entergy Texas' 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 Entergy Texas upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7508 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 3.43 | |||
| Value At Risk | (1.01) | |||
| Potential Upside | 1.49 |
Entergy Texas Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Entergy Texas' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Entergy Texas' standard deviation. In reality, there are many statistical measures that can use Entergy Texas historical prices to predict the future Entergy Texas' volatility.| Risk Adjusted Performance | 0.0941 | |||
| Jensen Alpha | 0.0811 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 10.77 |
Entergy Texas Backtested Returns
Currently, Entergy Texas is very steady. Entergy Texas secures Sharpe Ratio (or Efficiency) of 0.1, which denotes the company had a 0.1% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Entergy Texas, which you can use to evaluate the volatility of the firm. Please confirm Entergy Texas' Downside Deviation of 0.7508, mean deviation of 0.534, and Coefficient Of Variation of 808.28 to check if the risk estimate we provide is consistent with the expected return of 0.0762%. Entergy Texas has a performance score of 8 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.0076, which means not very significant fluctuations relative to the market. As returns on the market increase, Entergy Texas' returns are expected to increase less than the market. However, during the bear market, the loss of holding Entergy Texas is expected to be smaller as well. Entergy Texas right now shows a risk of 0.75%. Please confirm Entergy Texas expected short fall, day median price, and the relationship between the potential upside and accumulation distribution , to decide if Entergy Texas will be following its price patterns.
Auto-correlation | -0.36 |
Poor reverse predictability
Entergy Texas has poor reverse predictability. Overlapping area represents the amount of predictability between Entergy Texas time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 Entergy Texas price movement. The serial correlation of -0.36 indicates that just about 36.0% of current Entergy Texas price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.36 | |
| Spearman Rank Test | 0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Entergy Texas lagged returns against current returns
Autocorrelation, which is Entergy Texas 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 Entergy Texas' preferred stock expected returns. We can calculate the autocorrelation of Entergy Texas returns to help us make a trade decision. For example, suppose you find that Entergy Texas 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 |
Entergy Texas 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 Entergy Texas preferred stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Entergy Texas preferred stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Entergy Texas preferred stock over time.
Current vs Lagged Prices |
| Timeline |
Entergy Texas Lagged Returns
When evaluating Entergy Texas' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Entergy Texas preferred stock have on its future price. Entergy Texas 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, Entergy Texas autocorrelation shows the relationship between Entergy Texas preferred stock current value and its past values and can show if there is a momentum factor associated with investing in Entergy Texas.
Regressed Prices |
| Timeline |
Pair Trading with Entergy Texas
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Entergy Texas position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Entergy Texas will appreciate offsetting losses from the drop in the long position's value.Moving against Entergy Preferred Stock
The ability to find closely correlated positions to Entergy Texas could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Entergy Texas when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Entergy Texas - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Entergy Texas to buy it.
The correlation of Entergy Texas is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Entergy Texas moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Entergy Texas moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Entergy Texas can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Entergy Preferred Stock Analysis
When running Entergy Texas' price analysis, check to measure Entergy Texas' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Entergy Texas is operating at the current time. Most of Entergy Texas' value examination focuses on studying past and present price action to predict the probability of Entergy Texas' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Entergy Texas' price. Additionally, you may evaluate how the addition of Entergy Texas to your portfolios can decrease your overall portfolio volatility.