Envela Corp (Germany) Market Value
| DGS Stock | EUR 6.70 0.00 0.00% |
| Symbol | Envela |
Envela Corp '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 Envela Corp'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 Envela Corp.
| 11/22/2024 |
| 12/22/2024 |
If you would invest 0.00 in Envela Corp on November 22, 2024 and sell it all today you would earn a total of 0.00 from holding Envela Corp or generate 0.0% return on investment in Envela Corp over 30 days. Envela Corp is related to or competes with Apple, Apple, Apple, Apple, Microsoft, Microsoft, and Microsoft. More
Envela Corp 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 Envela Corp'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 Envela Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.79 | |||
| Information Ratio | 0.2669 | |||
| Maximum Drawdown | 12.89 | |||
| Value At Risk | (2.24) | |||
| Potential Upside | 4.7 |
Envela Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Envela Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Envela Corp's standard deviation. In reality, there are many statistical measures that can use Envela Corp historical prices to predict the future Envela Corp's volatility.| Risk Adjusted Performance | 0.2295 | |||
| Jensen Alpha | 0.6068 | |||
| Total Risk Alpha | 0.5432 | |||
| Sortino Ratio | 0.3243 | |||
| Treynor Ratio | (5.31) |
Envela Corp Backtested Returns
Envela Corp appears to be somewhat reliable, given 3 months investment horizon. Envela Corp secures Sharpe Ratio (or Efficiency) of 0.24, which denotes the company had a 0.24% return per unit of risk over the last 3 months. By reviewing Envela Corp's technical indicators, you can evaluate if the expected return of 0.54% is justified by implied risk. Please utilize Envela Corp's Mean Deviation of 1.48, coefficient of variation of 355.04, and Downside Deviation of 1.79 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Envela Corp holds a performance score of 19. The firm shows a Beta (market volatility) of -0.11, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Envela Corp are expected to decrease at a much lower rate. During the bear market, Envela Corp is likely to outperform the market. Please check Envela Corp's maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk , to make a quick decision on whether Envela Corp's price patterns will revert.
Auto-correlation | 0.90 |
Excellent predictability
Envela Corp has excellent predictability. Overlapping area represents the amount of predictability between Envela Corp time series from 22nd of November 2024 to 7th of December 2024 and 7th of December 2024 to 22nd 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 Envela Corp price movement. The serial correlation of 0.9 indicates that approximately 90.0% of current Envela Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.9 | |
| Spearman Rank Test | 0.89 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Envela Corp lagged returns against current returns
Autocorrelation, which is Envela Corp 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 Envela Corp's stock expected returns. We can calculate the autocorrelation of Envela Corp returns to help us make a trade decision. For example, suppose you find that Envela Corp 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 |
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Envela Corp 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 Envela Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Envela Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Envela Corp stock over time.
Current vs Lagged Prices |
| Timeline |
Envela Corp Lagged Returns
When evaluating Envela Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Envela Corp stock have on its future price. Envela Corp 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, Envela Corp autocorrelation shows the relationship between Envela Corp stock current value and its past values and can show if there is a momentum factor associated with investing in Envela Corp.
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.Additional Information and Resources on Investing in Envela Stock
When determining whether Envela Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Envela Corp's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Envela Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Envela Corp Stock:Check out Envela Corp Correlation, Envela Corp Volatility and Envela Corp Alpha and Beta module to complement your research on Envela Corp. For information on how to trade Envela Stock refer to our How to Trade Envela Stock guide.You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
Envela Corp technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.