ENQLN 11625 01 NOV 27 Market Value
| 29357JAC0 | 98.96 0.00 0.00% |
| Symbol | ENQLN |
Please note, there is a significant difference between ENQLN's value and its price as these two are different measures arrived at by different means. Investors typically determine if ENQLN is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ENQLN'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.
ENQLN '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 ENQLN'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 ENQLN.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in ENQLN on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding ENQLN 11625 01 NOV 27 or generate 0.0% return on investment in ENQLN over 30 days. ENQLN is related to or competes with 00108WAF7, 90331HPL1, 3M, Alcoa Corp, ATT, Johnson Johnson, and Intel. More
ENQLN 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 ENQLN'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 ENQLN 11625 01 NOV 27 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 13.02 | |||
| Value At Risk | (1.09) | |||
| Potential Upside | 0.855 |
ENQLN Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ENQLN's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ENQLN's standard deviation. In reality, there are many statistical measures that can use ENQLN historical prices to predict the future ENQLN's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.29) | |||
| Treynor Ratio | 0.2009 |
ENQLN 11625 01 Backtested Returns
ENQLN 11625 01 secures Sharpe Ratio (or Efficiency) of -0.27, which denotes the bond had a -0.27% return per unit of volatility over the last 3 months. ENQLN 11625 01 NOV 27 exposes nineteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm ENQLN's Standard Deviation of 1.56, market risk adjusted performance of 0.2109, and Mean Deviation of 0.7231 to check the risk estimate we provide. The bond shows a Beta (market volatility) of -0.22, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning ENQLN are expected to decrease at a much lower rate. During the bear market, ENQLN is likely to outperform the market.
Auto-correlation | -0.22 |
Weak reverse predictability
ENQLN 11625 01 NOV 27 has weak reverse predictability. Overlapping area represents the amount of predictability between ENQLN time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 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 ENQLN 11625 01 price movement. The serial correlation of -0.22 indicates that over 22.0% of current ENQLN price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.22 | |
| Spearman Rank Test | -0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 7.53 |
ENQLN 11625 01 lagged returns against current returns
Autocorrelation, which is ENQLN 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 ENQLN's bond expected returns. We can calculate the autocorrelation of ENQLN returns to help us make a trade decision. For example, suppose you find that ENQLN 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 |
ENQLN 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 ENQLN bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ENQLN bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ENQLN bond over time.
Current vs Lagged Prices |
| Timeline |
ENQLN Lagged Returns
When evaluating ENQLN's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ENQLN bond have on its future price. ENQLN 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, ENQLN autocorrelation shows the relationship between ENQLN bond current value and its past values and can show if there is a momentum factor associated with investing in ENQLN 11625 01 NOV 27.
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 ENQLN Bond
ENQLN financial ratios help investors to determine whether ENQLN 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 ENQLN with respect to the benefits of owning ENQLN security.