Enterprise Group Stock Market Value
| ETOLF Stock | USD 1.49 0.05 3.25% |
| Symbol | Enterprise |
Enterprise '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 Enterprise'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 Enterprise.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Enterprise on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Enterprise Group or generate 0.0% return on investment in Enterprise over 30 days. Enterprise is related to or competes with Vow ASA, and TOMI Environmental. Enterprise Group, Inc., through its subsidiaries, operates as an equipment rental and construction services company oper... More
Enterprise 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 Enterprise'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 Enterprise Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.03 | |||
| Information Ratio | 0.1063 | |||
| Maximum Drawdown | 29.47 | |||
| Value At Risk | (5.00) | |||
| Potential Upside | 9.55 |
Enterprise Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Enterprise's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Enterprise's standard deviation. In reality, there are many statistical measures that can use Enterprise historical prices to predict the future Enterprise's volatility.| Risk Adjusted Performance | 0.1116 | |||
| Jensen Alpha | 0.4771 | |||
| Total Risk Alpha | (0.16) | |||
| Sortino Ratio | 0.1011 | |||
| Treynor Ratio | 0.5098 |
Enterprise Group Backtested Returns
Enterprise appears to be dangerous, given 3 months investment horizon. Enterprise Group secures Sharpe Ratio (or Efficiency) of 0.11, which denotes the company had a 0.11% return per unit of risk over the last 3 months. By reviewing Enterprise's technical indicators, you can evaluate if the expected return of 0.54% is justified by implied risk. Please utilize Enterprise's Downside Deviation of 5.03, mean deviation of 3.44, and Coefficient Of Variation of 740.4 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Enterprise holds a performance score of 9. The firm shows a Beta (market volatility) of 1.25, which means a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Enterprise will likely underperform. Please check Enterprise's semi variance, and the relationship between the maximum drawdown and accumulation distribution , to make a quick decision on whether Enterprise's price patterns will revert.
Auto-correlation | -0.3 |
Weak reverse predictability
Enterprise Group has weak reverse predictability. Overlapping area represents the amount of predictability between Enterprise 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 Enterprise Group price movement. The serial correlation of -0.3 indicates that nearly 30.0% of current Enterprise price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.3 | |
| Spearman Rank Test | -0.81 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Enterprise Group lagged returns against current returns
Autocorrelation, which is Enterprise 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 Enterprise's pink sheet expected returns. We can calculate the autocorrelation of Enterprise returns to help us make a trade decision. For example, suppose you find that Enterprise 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 |
Enterprise 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 Enterprise pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Enterprise pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Enterprise pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Enterprise Lagged Returns
When evaluating Enterprise's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Enterprise pink sheet have on its future price. Enterprise 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, Enterprise autocorrelation shows the relationship between Enterprise pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Enterprise Group.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Enterprise Pink Sheet
Enterprise financial ratios help investors to determine whether Enterprise 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 Enterprise with respect to the benefits of owning Enterprise security.