Enghouse Systems Limited Stock Market Value

EGHSF Stock  USD 21.60  0.37  1.74%   
Enghouse Systems' market value is the price at which a share of Enghouse Systems trades on a public exchange. It measures the collective expectations of Enghouse Systems Limited investors about its performance. Enghouse Systems is trading at 21.60 as of the 5th of December 2024. This is a 1.74 percent increase since the beginning of the trading day. The stock's lowest day price was 21.6.
With this module, you can estimate the performance of a buy and hold strategy of Enghouse Systems Limited and determine expected loss or profit from investing in Enghouse Systems over a given investment horizon. Check out Enghouse Systems Correlation, Enghouse Systems Volatility and Enghouse Systems Alpha and Beta module to complement your research on Enghouse Systems.
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Please note, there is a significant difference between Enghouse Systems' value and its price as these two are different measures arrived at by different means. Investors typically determine if Enghouse Systems is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Enghouse Systems' 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.

Enghouse Systems '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 Enghouse Systems' 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 Enghouse Systems.
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11/05/2024
No Change 0.00  0.0 
In 31 days
12/05/2024
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If you would invest  0.00  in Enghouse Systems on November 5, 2024 and sell it all today you would earn a total of 0.00 from holding Enghouse Systems Limited or generate 0.0% return on investment in Enghouse Systems over 30 days. Enghouse Systems is related to or competes with Temenos Group, RenoWorks Software, Xero, LifeSpeak, and RESAAS Services. Enghouse Systems Limited, together with its subsidiaries, develops enterprise software solutions worldwide More

Enghouse Systems 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 Enghouse Systems' 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 Enghouse Systems Limited upside and downside potential and time the market with a certain degree of confidence.

Enghouse Systems Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Enghouse Systems' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Enghouse Systems' standard deviation. In reality, there are many statistical measures that can use Enghouse Systems historical prices to predict the future Enghouse Systems' volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Enghouse Systems' 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.
Hype
Prediction
LowEstimatedHigh
20.1721.6023.03
Details
Intrinsic
Valuation
LowRealHigh
17.2518.6823.76
Details

Enghouse Systems Backtested Returns

Enghouse Systems secures Sharpe Ratio (or Efficiency) of -0.0116, which denotes the company had a -0.0116% return per unit of risk over the last 3 months. Enghouse Systems Limited exposes twenty-seven different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Enghouse Systems' Downside Deviation of 1.6, coefficient of variation of 14945.76, and Mean Deviation of 0.9132 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.086, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Enghouse Systems are expected to decrease at a much lower rate. During the bear market, Enghouse Systems is likely to outperform the market. At this point, Enghouse Systems has a negative expected return of -0.0166%. Please make sure to confirm Enghouse Systems' information ratio, downside variance, day typical price, as well as the relationship between the treynor ratio and kurtosis , to decide if Enghouse Systems performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  -0.87  

Excellent reverse predictability

Enghouse Systems Limited has excellent reverse predictability. Overlapping area represents the amount of predictability between Enghouse Systems time series from 5th of November 2024 to 20th of November 2024 and 20th of November 2024 to 5th 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 Enghouse Systems price movement. The serial correlation of -0.87 indicates that approximately 87.0% of current Enghouse Systems price fluctuation can be explain by its past prices.
Correlation Coefficient-0.87
Spearman Rank Test0.37
Residual Average0.0
Price Variance0.07

Enghouse Systems lagged returns against current returns

Autocorrelation, which is Enghouse Systems 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 Enghouse Systems' pink sheet expected returns. We can calculate the autocorrelation of Enghouse Systems returns to help us make a trade decision. For example, suppose you find that Enghouse Systems 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  

Enghouse Systems 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 Enghouse Systems pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Enghouse Systems pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Enghouse Systems pink sheet over time.
   Current vs Lagged Prices   
       Timeline  

Enghouse Systems Lagged Returns

When evaluating Enghouse Systems' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Enghouse Systems pink sheet have on its future price. Enghouse Systems 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, Enghouse Systems autocorrelation shows the relationship between Enghouse Systems pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Enghouse Systems Limited.
   Regressed Prices   
       Timeline  

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Other Information on Investing in Enghouse Pink Sheet

Enghouse Systems financial ratios help investors to determine whether Enghouse Pink Sheet is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Enghouse with respect to the benefits of owning Enghouse Systems security.