ENTERPRISE PRODUCTS OPERATING Market Value
| 29379VBY8 | 75.73 1.71 2.31% |
| Symbol | ENTERPRISE |
ENTERPRISE '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 ENTERPRISE'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 ENTERPRISE.
| 08/02/2023 |
| 11/24/2024 |
If you would invest 0.00 in ENTERPRISE on August 2, 2023 and sell it all today you would earn a total of 0.00 from holding ENTERPRISE PRODUCTS OPERATING or generate 0.0% return on investment in ENTERPRISE over 480 days. ENTERPRISE is related to or competes with Coca Cola, JPMorgan Chase, Dupont De, Alcoa Corp, Boeing, Microsoft, and Procter Gamble. More
ENTERPRISE 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 ENTERPRISE'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 ENTERPRISE PRODUCTS OPERATING upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.1) | |||
| Maximum Drawdown | 12.86 | |||
| Value At Risk | (1.77) | |||
| Potential Upside | 1.34 |
ENTERPRISE Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ENTERPRISE's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ENTERPRISE's standard deviation. In reality, there are many statistical measures that can use ENTERPRISE historical prices to predict the future ENTERPRISE's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.32) | |||
| Treynor Ratio | 0.1544 |
ENTERPRISE PRODUCTS Backtested Returns
ENTERPRISE PRODUCTS secures Sharpe Ratio (or Efficiency) of -0.1, which denotes the bond had a -0.1% return per unit of volatility over the last 3 months. ENTERPRISE PRODUCTS OPERATING exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm ENTERPRISE's Standard Deviation of 1.74, market risk adjusted performance of 0.1644, and Mean Deviation of 0.9314 to check the risk estimate we provide. The bond shows a Beta (market volatility) of -0.32, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning ENTERPRISE are expected to decrease at a much lower rate. During the bear market, ENTERPRISE is likely to outperform the market.
Auto-correlation | 0.59 |
Modest predictability
ENTERPRISE PRODUCTS OPERATING has modest predictability. Overlapping area represents the amount of predictability between ENTERPRISE time series from 2nd of August 2023 to 29th of March 2024 and 29th of March 2024 to 24th 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 ENTERPRISE PRODUCTS price movement. The serial correlation of 0.59 indicates that roughly 59.0% of current ENTERPRISE price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.59 | |
| Spearman Rank Test | 0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 3.68 |
ENTERPRISE PRODUCTS lagged returns against current returns
Autocorrelation, which is ENTERPRISE 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 ENTERPRISE's bond expected returns. We can calculate the autocorrelation of ENTERPRISE returns to help us make a trade decision. For example, suppose you find that ENTERPRISE 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 |
ENTERPRISE 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 ENTERPRISE bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ENTERPRISE bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ENTERPRISE bond over time.
Current vs Lagged Prices |
| Timeline |
ENTERPRISE Lagged Returns
When evaluating ENTERPRISE's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ENTERPRISE bond have on its future price. ENTERPRISE 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, ENTERPRISE autocorrelation shows the relationship between ENTERPRISE bond current value and its past values and can show if there is a momentum factor associated with investing in ENTERPRISE PRODUCTS OPERATING.
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 ENTERPRISE Bond
ENTERPRISE financial ratios help investors to determine whether ENTERPRISE 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 ENTERPRISE with respect to the benefits of owning ENTERPRISE security.