ENBCN 57 08 MAR 33 Market Value
| 29250NBR5 | 98.28 3.16 3.12% |
| Symbol | ENBCN |
Please note, there is a significant difference between ENBCN's value and its price as these two are different measures arrived at by different means. Investors typically determine if ENBCN is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ENBCN's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
ENBCN '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 ENBCN'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 ENBCN.
| 01/01/2025 |
| 01/31/2025 |
If you would invest 0.00 in ENBCN on January 1, 2025 and sell it all today you would earn a total of 0.00 from holding ENBCN 57 08 MAR 33 or generate 0.0% return on investment in ENBCN over 30 days. ENBCN is related to or competes with Ralph Lauren, Sapiens International, Data#3, Tapestry, Canada Goose, Cadence Design, and Cheche Group. More
ENBCN 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 ENBCN'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 ENBCN 57 08 MAR 33 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.31) | |||
| Maximum Drawdown | 2.01 | |||
| Value At Risk | (0.93) | |||
| Potential Upside | 0.7708 |
ENBCN Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ENBCN's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ENBCN's standard deviation. In reality, there are many statistical measures that can use ENBCN historical prices to predict the future ENBCN's volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.14) | |||
| Treynor Ratio | (0.29) |
ENBCN 57 08 Backtested Returns
ENBCN 57 08 retains Efficiency (Sharpe Ratio) of -0.13, which denotes the bond had a -0.13 % return per unit of risk over the last 3 months. ENBCN exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm ENBCN's Standard Deviation of 0.5568, market risk adjusted performance of (0.28), and Variance of 0.31 to check the risk estimate we provide. The bond owns a Beta (Systematic Risk) of 0.28, which means not very significant fluctuations relative to the market. As returns on the market increase, ENBCN's returns are expected to increase less than the market. However, during the bear market, the loss of holding ENBCN is expected to be smaller as well.
Auto-correlation | -0.38 |
Poor reverse predictability
ENBCN 57 08 MAR 33 has poor reverse predictability. Overlapping area represents the amount of predictability between ENBCN time series from 1st of January 2025 to 16th of January 2025 and 16th of January 2025 to 31st of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of ENBCN 57 08 price movement. The serial correlation of -0.38 indicates that just about 38.0% of current ENBCN price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.38 | |
| Spearman Rank Test | 0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 0.82 |
ENBCN 57 08 lagged returns against current returns
Autocorrelation, which is ENBCN 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 ENBCN's bond expected returns. We can calculate the autocorrelation of ENBCN returns to help us make a trade decision. For example, suppose you find that ENBCN 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 |
ENBCN 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 ENBCN bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ENBCN bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ENBCN bond over time.
Current vs Lagged Prices |
| Timeline |
ENBCN Lagged Returns
When evaluating ENBCN's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ENBCN bond have on its future price. ENBCN 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, ENBCN autocorrelation shows the relationship between ENBCN bond current value and its past values and can show if there is a momentum factor associated with investing in ENBCN 57 08 MAR 33.
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 ENBCN Bond
ENBCN financial ratios help investors to determine whether ENBCN 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 ENBCN with respect to the benefits of owning ENBCN security.