Enzyme Environmental Solutions Stock Market Value
Enzyme Environmental's market value is the price at which a share of Enzyme Environmental trades on a public exchange. It measures the collective expectations of Enzyme Environmental Solutions investors about its performance. With this module, you can estimate the performance of a buy and hold strategy of Enzyme Environmental Solutions and determine expected loss or profit from investing in Enzyme Environmental over a given investment horizon. Check out Enzyme Environmental Correlation, Enzyme Environmental Volatility and Enzyme Environmental Alpha and Beta module to complement your research on Enzyme Environmental.
| Symbol | Enzyme |
Is Hotels, Restaurants & Leisure space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Enzyme Environmental. If investors know Enzyme will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Enzyme Environmental listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Enzyme Environmental is measured differently than its book value, which is the value of Enzyme that is recorded on the company's balance sheet. Investors also form their own opinion of Enzyme Environmental's value that differs from its market value or its book value, called intrinsic value, which is Enzyme Environmental's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Enzyme Environmental's market value can be influenced by many factors that don't directly affect Enzyme Environmental's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Enzyme Environmental's value and its price as these two are different measures arrived at by different means. Investors typically determine if Enzyme Environmental is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Enzyme Environmental's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Enzyme Environmental '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 Enzyme Environmental'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 Enzyme Environmental.
| 09/09/2023 |
| 12/02/2024 |
If you would invest 0.00 in Enzyme Environmental on September 9, 2023 and sell it all today you would earn a total of 0.00 from holding Enzyme Environmental Solutions or generate 0.0% return on investment in Enzyme Environmental over 450 days. Enzyme Environmental is related to or competes with Kimberly Clark, Estee Lauder, and ELF Beauty. Enzyme Environmental Solutions, Inc. produces and sells industrial and agricultural enzyme products primarily in the Uni... More
Enzyme Environmental 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 Enzyme Environmental'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 Enzyme Environmental Solutions upside and downside potential and time the market with a certain degree of confidence.
Enzyme Environmental Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Enzyme Environmental's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Enzyme Environmental's standard deviation. In reality, there are many statistical measures that can use Enzyme Environmental historical prices to predict the future Enzyme Environmental's volatility.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Enzyme Environmental'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.
Enzyme Environmental Backtested Returns
We have found zero technical indicators for Enzyme Environmental Solutions, which you can use to evaluate the volatility of the firm. The firm shows a Beta (market volatility) of 0.0, which means not very significant fluctuations relative to the market. the returns on MARKET and Enzyme Environmental are completely uncorrelated.
Auto-correlation | 0.00 |
No correlation between past and present
Enzyme Environmental Solutions has no correlation between past and present. Overlapping area represents the amount of predictability between Enzyme Environmental time series from 9th of September 2023 to 21st of April 2024 and 21st of April 2024 to 2nd 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 Enzyme Environmental price movement. The serial correlation of 0.0 indicates that just 0.0% of current Enzyme Environmental price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Enzyme Environmental lagged returns against current returns
Autocorrelation, which is Enzyme Environmental 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 Enzyme Environmental's stock expected returns. We can calculate the autocorrelation of Enzyme Environmental returns to help us make a trade decision. For example, suppose you find that Enzyme Environmental 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 |
Enzyme Environmental 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 Enzyme Environmental stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Enzyme Environmental stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Enzyme Environmental stock over time.
Current vs Lagged Prices |
| Timeline |
Enzyme Environmental Lagged Returns
When evaluating Enzyme Environmental's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Enzyme Environmental stock have on its future price. Enzyme Environmental 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, Enzyme Environmental autocorrelation shows the relationship between Enzyme Environmental stock current value and its past values and can show if there is a momentum factor associated with investing in Enzyme Environmental Solutions.
Regressed Prices |
| Timeline |
Pair Trading with Enzyme Environmental
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Enzyme Environmental position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Enzyme Environmental will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Enzyme Environmental could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Enzyme Environmental when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Enzyme Environmental - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Enzyme Environmental Solutions to buy it.
The correlation of Enzyme Environmental is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Enzyme Environmental moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Enzyme Environmental moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Enzyme Environmental can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Enzyme Environmental Correlation, Enzyme Environmental Volatility and Enzyme Environmental Alpha and Beta module to complement your research on Enzyme Environmental. You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
Enzyme Environmental 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.