ENABLE MIDSTREAM PARTNERS Market Value
| 292480AK6 | 99.09 0.01 0.01% |
| Symbol | ENABLE |
ENABLE '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 ENABLE's bond 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 ENABLE.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in ENABLE on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding ENABLE MIDSTREAM PARTNERS or generate 0.0% return on investment in ENABLE over 30 days. ENABLE is related to or competes with Coca Cola, JPMorgan Chase, Dupont De, Alcoa Corp, Boeing, Microsoft, and Procter Gamble. More
ENABLE 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 ENABLE's bond 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 ENABLE MIDSTREAM PARTNERS upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.20) | |||
| Maximum Drawdown | 4.18 | |||
| Value At Risk | (0.43) | |||
| Potential Upside | 0.3829 |
ENABLE Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ENABLE's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ENABLE's standard deviation. In reality, there are many statistical measures that can use ENABLE historical prices to predict the future ENABLE's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | 4.0E-4 | |||
| Total Risk Alpha | (0.12) | |||
| Treynor Ratio | 0.1176 |
ENABLE MIDSTREAM PARTNERS Backtested Returns
ENABLE MIDSTREAM PARTNERS retains Efficiency (Sharpe Ratio) of -0.0105, which denotes the bond had a -0.0105% return per unit of risk over the last 3 months. ENABLE exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm ENABLE's Variance of 0.4554, market risk adjusted performance of 0.1276, and Standard Deviation of 0.6748 to check the risk estimate we provide. The bond owns a Beta (Systematic Risk) of -0.12, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning ENABLE are expected to decrease at a much lower rate. During the bear market, ENABLE is likely to outperform the market.
Auto-correlation | 0.42 |
Average predictability
ENABLE MIDSTREAM PARTNERS has average predictability. Overlapping area represents the amount of predictability between ENABLE time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 ENABLE MIDSTREAM PARTNERS price movement. The serial correlation of 0.42 indicates that just about 42.0% of current ENABLE price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.42 | |
| Spearman Rank Test | -0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
ENABLE MIDSTREAM PARTNERS lagged returns against current returns
Autocorrelation, which is ENABLE bond'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 ENABLE's bond expected returns. We can calculate the autocorrelation of ENABLE returns to help us make a trade decision. For example, suppose you find that ENABLE has exhibited high autocorrelation historically, and you observe that the bond 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 |
ENABLE 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 ENABLE bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ENABLE bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ENABLE bond over time.
Current vs Lagged Prices |
| Timeline |
ENABLE Lagged Returns
When evaluating ENABLE's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ENABLE bond have on its future price. ENABLE 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, ENABLE autocorrelation shows the relationship between ENABLE bond current value and its past values and can show if there is a momentum factor associated with investing in ENABLE MIDSTREAM PARTNERS.
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 ENABLE Bond
ENABLE financial ratios help investors to determine whether ENABLE Bond 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 ENABLE with respect to the benefits of owning ENABLE security.