Enerkon Solar International Stock Market Value
| NTAC Stock | USD 0.0002 0.0001 33.33% |
| Symbol | Enerkon |
Enerkon Solar '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 Enerkon Solar'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 Enerkon Solar.
| 01/06/2023 |
| 11/26/2024 |
If you would invest 0.00 in Enerkon Solar on January 6, 2023 and sell it all today you would earn a total of 0.00 from holding Enerkon Solar International or generate 0.0% return on investment in Enerkon Solar over 690 days. Enerkon Solar is related to or competes with First Solar, Enphase Energy, and Array Technologies. New Technology Acquisition Holdings, Inc More
Enerkon Solar 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 Enerkon Solar'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 Enerkon Solar International upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 67.86 | |||
| Information Ratio | 0.0791 | |||
| Maximum Drawdown | 522.73 | |||
| Value At Risk | (72.73) | |||
| Potential Upside | 100.0 |
Enerkon Solar Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Enerkon Solar's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Enerkon Solar's standard deviation. In reality, there are many statistical measures that can use Enerkon Solar historical prices to predict the future Enerkon Solar's volatility.| Risk Adjusted Performance | 0.0719 | |||
| Jensen Alpha | 4.84 | |||
| Total Risk Alpha | (4.75) | |||
| Sortino Ratio | 0.0747 | |||
| Treynor Ratio | 1.78 |
Enerkon Solar Intern Backtested Returns
Enerkon Solar is out of control given 3 months investment horizon. Enerkon Solar Intern secures Sharpe Ratio (or Efficiency) of 0.083, which denotes the company had a 0.083% return per unit of risk over the last 3 months. We were able to analyze twenty-seven different technical indicators, which can help you to evaluate if expected returns of 5.44% are justified by taking the suggested risk. Use Enerkon Solar Mean Deviation of 24.31, coefficient of variation of 1232.18, and Downside Deviation of 67.86 to evaluate company specific risk that cannot be diversified away. Enerkon Solar holds a performance score of 6 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of 2.92, 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, Enerkon Solar will likely underperform. Use Enerkon Solar information ratio, value at risk, kurtosis, as well as the relationship between the sortino ratio and semi variance , to analyze future returns on Enerkon Solar.
Auto-correlation | 0.31 |
Below average predictability
Enerkon Solar International has below average predictability. Overlapping area represents the amount of predictability between Enerkon Solar time series from 6th of January 2023 to 17th of December 2023 and 17th of December 2023 to 26th 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 Enerkon Solar Intern price movement. The serial correlation of 0.31 indicates that nearly 31.0% of current Enerkon Solar price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.31 | |
| Spearman Rank Test | 0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Enerkon Solar Intern lagged returns against current returns
Autocorrelation, which is Enerkon Solar 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 Enerkon Solar's pink sheet expected returns. We can calculate the autocorrelation of Enerkon Solar returns to help us make a trade decision. For example, suppose you find that Enerkon Solar 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 |
Enerkon Solar 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 Enerkon Solar pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Enerkon Solar pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Enerkon Solar pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Enerkon Solar Lagged Returns
When evaluating Enerkon Solar's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Enerkon Solar pink sheet have on its future price. Enerkon Solar 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, Enerkon Solar autocorrelation shows the relationship between Enerkon Solar pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Enerkon Solar International.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Enerkon Pink Sheet
Enerkon Solar financial ratios help investors to determine whether Enerkon 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 Enerkon with respect to the benefits of owning Enerkon Solar security.