Enn Energy Holdings Stock Market Value
| XNGSY Stock | USD 26.80 0.41 1.55% |
| 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 pink sheet 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.
| 05/30/2024 |
| 11/26/2024 |
If you would invest 0.00 in ENN Energy on May 30, 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 Anhui Conch, Sysmex Corp, PICC Property, and Shenzhou International. 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 pink sheet 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 | 3.09 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 24.06 | |||
| Value At Risk | (3.53) | |||
| Potential Upside | 6.26 |
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 | 0.0307 | |||
| Jensen Alpha | 0.049 | |||
| Total Risk Alpha | (0.45) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.2427 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of ENN Energy's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
ENN Energy Holdings Backtested Returns
At this stage we consider ENN Pink Sheet to be not too volatile. ENN Energy Holdings secures Sharpe Ratio (or Efficiency) of 0.0363, which denotes the company had a 0.0363% 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 confirm ENN Energy's Downside Deviation of 3.09, mean deviation of 2.64, and Semi Deviation of 3.03 to check if the risk estimate we provide is consistent with the expected return of 0.13%. ENN Energy has a performance score of 2 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.39, 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. ENN Energy Holdings currently shows a risk of 3.58%. Please confirm ENN Energy Holdings potential upside, as well as the relationship between the accumulation distribution and price action indicator , to decide if ENN Energy Holdings will be following its price patterns.
Auto-correlation | -0.45 |
Modest reverse predictability
ENN Energy Holdings has modest reverse predictability. Overlapping area represents the amount of predictability between ENN Energy time series from 30th of May 2024 to 28th of August 2024 and 28th of August 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 ENN Energy Holdings price movement. The serial correlation of -0.45 indicates that just about 45.0% of current ENN Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.45 | |
| Spearman Rank Test | -0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 5.05 |
ENN Energy Holdings lagged returns against current returns
Autocorrelation, which is ENN Energy pink sheet'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 pink sheet 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 pink sheet 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 pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ENN Energy pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ENN Energy pink sheet 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 pink sheet 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 pink sheet 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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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.Additional Tools for ENN Pink Sheet 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.