Ensign (Germany) Market Value
| EGB Stock | EUR 117.00 3.00 2.50% |
| Symbol | Ensign |
Ensign '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 Ensign'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 Ensign.
| 12/12/2024 |
| 03/12/2025 |
If you would invest 0.00 in Ensign on December 12, 2024 and sell it all today you would earn a total of 0.00 from holding The Ensign Group or generate 0.0% return on investment in Ensign over 90 days. Ensign is related to or competes with G5 Entertainment, Meiko Electronics, TCL MULTIMEDIA, STORE ELECTRONIC, Electronic Arts, and Tencent Music. The Ensign Group, Inc. provides health care services in the post-acute care continuum and other ancillary businesses More
Ensign 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 Ensign'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 The Ensign Group upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 11.65 | |||
| Value At Risk | (3.08) | |||
| Potential Upside | 3.01 |
Ensign Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ensign's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ensign's standard deviation. In reality, there are many statistical measures that can use Ensign historical prices to predict the future Ensign's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.19) | |||
| Total Risk Alpha | 0.1041 | |||
| Treynor Ratio | (1.33) |
Ensign Group Backtested Returns
Ensign Group secures Sharpe Ratio (or Efficiency) of -0.0859, which denotes the company had a -0.0859 % return per unit of risk over the last 3 months. The Ensign Group exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Ensign's Coefficient Of Variation of (984.94), standard deviation of 2.0, and Risk Adjusted Performance of (0.08) to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.16, which means not very significant fluctuations relative to the market. As returns on the market increase, Ensign's returns are expected to increase less than the market. However, during the bear market, the loss of holding Ensign is expected to be smaller as well. At this point, Ensign Group has a negative expected return of -0.18%. Please make sure to confirm Ensign's variance, jensen alpha, and the relationship between the standard deviation and information ratio , to decide if Ensign Group performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.37 |
Below average predictability
The Ensign Group has below average predictability. Overlapping area represents the amount of predictability between Ensign time series from 12th of December 2024 to 26th of January 2025 and 26th of January 2025 to 12th of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Ensign Group price movement. The serial correlation of 0.37 indicates that just about 37.0% of current Ensign price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.37 | |
| Spearman Rank Test | 0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 38.76 |
Ensign Group lagged returns against current returns
Autocorrelation, which is Ensign 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 Ensign's stock expected returns. We can calculate the autocorrelation of Ensign returns to help us make a trade decision. For example, suppose you find that Ensign 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 |
Ensign 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 Ensign stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ensign stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ensign stock over time.
Current vs Lagged Prices |
| Timeline |
Ensign Lagged Returns
When evaluating Ensign's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ensign stock have on its future price. Ensign 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, Ensign autocorrelation shows the relationship between Ensign stock current value and its past values and can show if there is a momentum factor associated with investing in The Ensign Group.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in Ensign Stock
When determining whether Ensign Group is a strong investment it is important to analyze Ensign's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Ensign's future performance. For an informed investment choice regarding Ensign Stock, refer to the following important reports:Check out Ensign Correlation, Ensign Volatility and Ensign Alpha and Beta module to complement your research on Ensign. You can also try the Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
Ensign 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.