ENELIM 75 14 OCT 32 Market Value
| 29278GBA5 | 113.42 0.00 0.00% |
| Symbol | ENELIM |
Please note, there is a significant difference between ENELIM's value and its price as these two are different measures arrived at by different means. Investors typically determine if ENELIM is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ENELIM'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.
ENELIM '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 ENELIM'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 ENELIM.
| 06/04/2024 |
| 12/01/2024 |
If you would invest 0.00 in ENELIM on June 4, 2024 and sell it all today you would earn a total of 0.00 from holding ENELIM 75 14 OCT 32 or generate 0.0% return on investment in ENELIM over 180 days. ENELIM is related to or competes with Valens, Kulicke, Skechers USA, Citi Trends, Duluth Holdings, and Boot Barn. More
ENELIM 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 ENELIM'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 ENELIM 75 14 OCT 32 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.52 | |||
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 11.6 | |||
| Value At Risk | (0.98) | |||
| Potential Upside | 0.6617 |
ENELIM Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ENELIM's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ENELIM's standard deviation. In reality, there are many statistical measures that can use ENELIM historical prices to predict the future ENELIM's volatility.| Risk Adjusted Performance | 0.0091 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.28) | |||
| Sortino Ratio | (0.09) | |||
| Treynor Ratio | (0.02) |
ENELIM 75 14 Backtested Returns
ENELIM 75 14 secures Sharpe Ratio (or Efficiency) of -0.0374, which denotes the bond had a -0.0374% return per unit of return volatility over the last 3 months. ENELIM 75 14 OCT 32 exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm ENELIM's mean deviation of 0.6342, and Downside Deviation of 1.52 to check the risk estimate we provide. The bond shows a Beta (market volatility) of 0.092, which means not very significant fluctuations relative to the market. As returns on the market increase, ENELIM's returns are expected to increase less than the market. However, during the bear market, the loss of holding ENELIM is expected to be smaller as well.
Auto-correlation | -0.87 |
Excellent reverse predictability
ENELIM 75 14 OCT 32 has excellent reverse predictability. Overlapping area represents the amount of predictability between ENELIM time series from 4th of June 2024 to 2nd of September 2024 and 2nd of September 2024 to 1st 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 ENELIM 75 14 price movement. The serial correlation of -0.87 indicates that approximately 87.0% of current ENELIM price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.87 | |
| Spearman Rank Test | -0.74 | |
| Residual Average | 0.0 | |
| Price Variance | 2.55 |
ENELIM 75 14 lagged returns against current returns
Autocorrelation, which is ENELIM 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 ENELIM's bond expected returns. We can calculate the autocorrelation of ENELIM returns to help us make a trade decision. For example, suppose you find that ENELIM 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 |
ENELIM 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 ENELIM bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ENELIM bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ENELIM bond over time.
Current vs Lagged Prices |
| Timeline |
ENELIM Lagged Returns
When evaluating ENELIM's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ENELIM bond have on its future price. ENELIM 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, ENELIM autocorrelation shows the relationship between ENELIM bond current value and its past values and can show if there is a momentum factor associated with investing in ENELIM 75 14 OCT 32.
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 ENELIM Bond
ENELIM financial ratios help investors to determine whether ENELIM 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 ENELIM with respect to the benefits of owning ENELIM security.