Encore Energy Corp Stock Market Value
| EU Stock | CAD 5.40 0.15 2.70% |
| Symbol | EnCore |
enCore Energy Corp Price To Book Ratio
EnCore 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 EnCore Energy's 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 EnCore Energy.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in EnCore Energy on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding enCore Energy Corp or generate 0.0% return on investment in EnCore Energy over 30 days. EnCore Energy is related to or competes with Trican Well, Ensign Energy, Calfrac Well, and Birchcliff Energy. enCore Energy Corp., together with its subsidiaries, engages in the acquisition and exploration of resource properties i... More
EnCore 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 EnCore Energy's 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 enCore Energy Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.79 | |||
| Information Ratio | 0.0668 | |||
| Maximum Drawdown | 20.3 | |||
| Value At Risk | (5.35) | |||
| Potential Upside | 6.93 |
EnCore Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for EnCore Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as EnCore Energy's standard deviation. In reality, there are many statistical measures that can use EnCore Energy historical prices to predict the future EnCore Energy's volatility.| Risk Adjusted Performance | 0.079 | |||
| Jensen Alpha | 0.3751 | |||
| Total Risk Alpha | (0.17) | |||
| Sortino Ratio | 0.0742 | |||
| Treynor Ratio | 6.65 |
enCore Energy Corp Backtested Returns
EnCore Energy appears to be relatively risky, given 3 months investment horizon. enCore Energy Corp retains Efficiency (Sharpe Ratio) of 0.0712, which denotes the company had a 0.0712% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for EnCore Energy, which you can use to evaluate the volatility of the firm. Please utilize EnCore Energy's Risk Adjusted Performance of 0.079, semi deviation of 3.45, and Downside Deviation of 3.79 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, EnCore Energy holds a performance score of 5. The firm owns a Beta (Systematic Risk) of 0.0573, which means not very significant fluctuations relative to the market. As returns on the market increase, EnCore Energy's returns are expected to increase less than the market. However, during the bear market, the loss of holding EnCore Energy is expected to be smaller as well. Please check EnCore Energy's potential upside, rate of daily change, and the relationship between the sortino ratio and skewness , to make a quick decision on whether EnCore Energy's current price history will revert.
Auto-correlation | -0.73 |
Almost perfect reverse predictability
enCore Energy Corp has almost perfect reverse predictability. Overlapping area represents the amount of predictability between EnCore Energy 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 enCore Energy Corp price movement. The serial correlation of -0.73 indicates that around 73.0% of current EnCore Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.73 | |
| Spearman Rank Test | -0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
enCore Energy Corp lagged returns against current returns
Autocorrelation, which is EnCore Energy 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 EnCore Energy's stock expected returns. We can calculate the autocorrelation of EnCore Energy returns to help us make a trade decision. For example, suppose you find that EnCore Energy has exhibited high autocorrelation historically, and you observe that the 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 |
EnCore 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 EnCore Energy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if EnCore Energy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in EnCore Energy stock over time.
Current vs Lagged Prices |
| Timeline |
EnCore Energy Lagged Returns
When evaluating EnCore Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of EnCore Energy stock have on its future price. EnCore 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, EnCore Energy autocorrelation shows the relationship between EnCore Energy stock current value and its past values and can show if there is a momentum factor associated with investing in enCore Energy Corp.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for EnCore Stock Analysis
When running EnCore Energy's price analysis, check to measure EnCore Energy's 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 EnCore Energy is operating at the current time. Most of EnCore Energy's value examination focuses on studying past and present price action to predict the probability of EnCore Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move EnCore Energy's price. Additionally, you may evaluate how the addition of EnCore Energy to your portfolios can decrease your overall portfolio volatility.