EnX (South Africa) Performance
| ENX Stock | 517.00 25.00 5.08% |
The firm shows a Beta (market volatility) of -0.84, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning EnX are expected to decrease at a much lower rate. During the bear market, EnX is likely to outperform the market. At this point, enX Group has a negative expected return of -0.0632%. Please make sure to confirm EnX's daily balance of power, and the relationship between the skewness and day median price , to decide if enX Group performance from the past will be repeated at some point in the near future.
Risk-Adjusted Performance
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Over the last 90 days enX Group has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of rather sound technical and fundamental indicators, EnX is not utilizing all of its potentials. The latest stock price tumult, may contribute to shorter-term losses for the shareholders. ...more
EnX |
EnX Relative Risk vs. Return Landscape
If you would invest 56,300 in enX Group on August 30, 2024 and sell it today you would lose (4,600) from holding enX Group or give up 8.17% of portfolio value over 90 days. enX Group is generating negative expected returns and assumes 3.7615% volatility on return distribution over the 90 days horizon. Simply put, 33% of stocks are less volatile than EnX, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
EnX Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for EnX's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as enX Group, and traders can use it to determine the average amount a EnX's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = -0.0168
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| Negative Returns | ENX |
Estimated Market Risk
| 3.76 actual daily | 33 67% of assets are more volatile |
Expected Return
| -0.06 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.02 actual daily | 0 Most of other assets perform better |
Based on monthly moving average EnX is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of EnX by adding EnX to a well-diversified portfolio.
Things to note about enX Group performance evaluation
Checking the ongoing alerts about EnX for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for enX Group help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| enX Group generated a negative expected return over the last 90 days | |
| enX Group has high historical volatility and very poor performance |
- Analyzing EnX's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether EnX's stock is overvalued or undervalued compared to its peers.
- Examining EnX's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating EnX's management team can have a significant impact on its success or failure. Reviewing the track record and experience of EnX's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of EnX's stock. These opinions can provide insight into EnX's potential for growth and whether the stock is currently undervalued or overvalued.
Complementary Tools for EnX Stock analysis
When running EnX's price analysis, check to measure EnX'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 EnX is operating at the current time. Most of EnX's value examination focuses on studying past and present price action to predict the probability of EnX's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move EnX's price. Additionally, you may evaluate how the addition of EnX to your portfolios can decrease your overall portfolio volatility.
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