ENN Energy (Germany) Market Value
| XGH Stock | EUR 6.25 0.05 0.81% |
| Symbol | ENN |
ENN Energy '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 ENN Energy's stock 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 ENN Energy.
| 06/04/2024 |
| 12/01/2024 |
If you would invest 0.00 in ENN Energy on June 4, 2024 and sell it all today you would earn a total of 0.00 from holding ENN Energy Holdings or generate 0.0% return on investment in ENN Energy over 180 days. ENN Energy is related to or competes with CenterPoint Energy, Snam SpA, Superior Plus, NMI Holdings, Origin Agritech, SIVERS SEMICONDUCTORS, and NorAm Drilling. ENN Energy Holdings Limited, an investment holding company, engages in the investment, construction, operation, and mana... More
ENN Energy 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 ENN Energy's stock 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 ENN Energy Holdings upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.36 | |||
| Information Ratio | 0.0673 | |||
| Maximum Drawdown | 21.45 | |||
| Value At Risk | (3.88) | |||
| Potential Upside | 6.45 |
ENN Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ENN Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ENN Energy's standard deviation. In reality, there are many statistical measures that can use ENN Energy historical prices to predict the future ENN Energy's volatility.| Risk Adjusted Performance | 0.0904 | |||
| Jensen Alpha | 0.2505 | |||
| Total Risk Alpha | (0.21) | |||
| Sortino Ratio | 0.0675 | |||
| Treynor Ratio | 0.4352 |
ENN Energy Holdings Backtested Returns
ENN Energy appears to be slightly risky, given 3 months investment horizon. ENN Energy Holdings secures Sharpe Ratio (or Efficiency) of 0.12, which denotes the company had a 0.12% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for ENN Energy Holdings, which you can use to evaluate the volatility of the firm. Please utilize ENN Energy's Mean Deviation of 2.31, downside deviation of 3.36, and Semi Deviation of 2.83 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, ENN Energy holds a performance score of 9. The firm shows a Beta (market volatility) of 0.81, which means possible diversification benefits within a given portfolio. As returns on the market increase, ENN Energy's returns are expected to increase less than the market. However, during the bear market, the loss of holding ENN Energy is expected to be smaller as well. Please check ENN Energy's sortino ratio, potential upside, skewness, as well as the relationship between the maximum drawdown and semi variance , to make a quick decision on whether ENN Energy's price patterns will revert.
Auto-correlation | -0.77 |
Almost perfect reverse predictability
ENN Energy Holdings has almost perfect reverse predictability. Overlapping area represents the amount of predictability between ENN Energy 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 ENN Energy Holdings price movement. The serial correlation of -0.77 indicates that around 77.0% of current ENN Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.77 | |
| Spearman Rank Test | -0.73 | |
| Residual Average | 0.0 | |
| Price Variance | 0.38 |
ENN Energy Holdings lagged returns against current returns
Autocorrelation, which is ENN Energy stock'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 ENN Energy's stock expected returns. We can calculate the autocorrelation of ENN Energy returns to help us make a trade decision. For example, suppose you find that ENN Energy has exhibited high autocorrelation historically, and you observe that the stock 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 |
ENN Energy 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 ENN Energy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ENN Energy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ENN Energy stock over time.
Current vs Lagged Prices |
| Timeline |
ENN Energy Lagged Returns
When evaluating ENN Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ENN Energy stock have on its future price. ENN Energy 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, ENN Energy autocorrelation shows the relationship between ENN Energy stock current value and its past values and can show if there is a momentum factor associated with investing in ENN Energy Holdings.
Regressed Prices |
| Timeline |
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Additional Tools for ENN Stock Analysis
When running ENN Energy's price analysis, check to measure ENN Energy's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy ENN Energy is operating at the current time. Most of ENN Energy's value examination focuses on studying past and present price action to predict the probability of ENN Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ENN Energy's price. Additionally, you may evaluate how the addition of ENN Energy to your portfolios can decrease your overall portfolio volatility.