ENEOS Holdings (Germany) Market Value
| JHJ Stock | EUR 5.10 0.12 2.41% |
| Symbol | ENEOS |
ENEOS Holdings '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 ENEOS Holdings' 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 ENEOS Holdings.
| 10/10/2023 |
| 12/03/2024 |
If you would invest 0.00 in ENEOS Holdings on October 10, 2023 and sell it all today you would earn a total of 0.00 from holding ENEOS Holdings or generate 0.0% return on investment in ENEOS Holdings over 420 days. ENEOS Holdings is related to or competes with Gladstone Investment, Diamyd Medical, Apollo Investment, and ONWARD MEDICAL. JXTG Holdings, Inc., through its subsidiaries, engages in the energy, oil and natural gas development, metal, and other ... More
ENEOS Holdings 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 ENEOS Holdings' 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 ENEOS Holdings upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.16 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 10.68 | |||
| Value At Risk | (3.32) | |||
| Potential Upside | 4.7 |
ENEOS Holdings Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ENEOS Holdings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ENEOS Holdings' standard deviation. In reality, there are many statistical measures that can use ENEOS Holdings historical prices to predict the future ENEOS Holdings' volatility.| Risk Adjusted Performance | 0.0294 | |||
| Jensen Alpha | 0.0328 | |||
| Total Risk Alpha | (0.28) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.2742 |
ENEOS Holdings Backtested Returns
At this point, ENEOS Holdings is slightly risky. ENEOS Holdings secures Sharpe Ratio (or Efficiency) of 0.0786, which denotes the company had a 0.0786% return per unit of return volatility over the last 3 months. We have found twenty-seven technical indicators for ENEOS Holdings, which you can use to evaluate the volatility of the firm. Please confirm ENEOS Holdings' mean deviation of 1.62, and Downside Deviation of 2.16 to check if the risk estimate we provide is consistent with the expected return of 0.17%. ENEOS Holdings has a performance score of 6 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.21, which means not very significant fluctuations relative to the market. As returns on the market increase, ENEOS Holdings' returns are expected to increase less than the market. However, during the bear market, the loss of holding ENEOS Holdings is expected to be smaller as well. ENEOS Holdings now shows a risk of 2.17%. Please confirm ENEOS Holdings coefficient of variation, jensen alpha, and the relationship between the downside deviation and information ratio , to decide if ENEOS Holdings will be following its price patterns.
Auto-correlation | 0.31 |
Below average predictability
ENEOS Holdings has below average predictability. Overlapping area represents the amount of predictability between ENEOS Holdings time series from 10th of October 2023 to 7th of May 2024 and 7th of May 2024 to 3rd of December 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 ENEOS Holdings price movement. The serial correlation of 0.31 indicates that nearly 31.0% of current ENEOS Holdings price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.31 | |
| Spearman Rank Test | 0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
ENEOS Holdings lagged returns against current returns
Autocorrelation, which is ENEOS Holdings 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 ENEOS Holdings' stock expected returns. We can calculate the autocorrelation of ENEOS Holdings returns to help us make a trade decision. For example, suppose you find that ENEOS Holdings 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 |
ENEOS Holdings 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 ENEOS Holdings stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ENEOS Holdings stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ENEOS Holdings stock over time.
Current vs Lagged Prices |
| Timeline |
ENEOS Holdings Lagged Returns
When evaluating ENEOS Holdings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ENEOS Holdings stock have on its future price. ENEOS Holdings 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, ENEOS Holdings autocorrelation shows the relationship between ENEOS Holdings stock current value and its past values and can show if there is a momentum factor associated with investing in ENEOS Holdings.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in ENEOS Stock
ENEOS Holdings financial ratios help investors to determine whether ENEOS Stock 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 ENEOS with respect to the benefits of owning ENEOS Holdings security.