Enghouse Systems Limited Stock Market Value
| EGHSF Stock | USD 21.34 0.14 0.65% |
| Symbol | Enghouse |
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.
| 11/06/2024 |
| 12/06/2024 |
If you would invest 0.00 in Enghouse Systems on November 6, 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.
| Downside Deviation | 1.58 | |||
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 9.92 | |||
| Value At Risk | (2.31) | |||
| Potential Upside | 2.41 |
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.| Risk Adjusted Performance | 0.0112 | |||
| Jensen Alpha | 0.0129 | |||
| Total Risk Alpha | (0.25) | |||
| Sortino Ratio | (0.08) | |||
| Treynor Ratio | (0.03) |
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.
Enghouse Systems Backtested Returns
Enghouse Systems secures Sharpe Ratio (or Efficiency) of -0.0552, which denotes the company had a -0.0552% return per unit of risk over the last 3 months. Enghouse Systems Limited exposes thirty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Enghouse Systems' Coefficient Of Variation of 11697.07, downside deviation of 1.58, and Mean Deviation of 0.8941 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.0825, 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 -0.0767%. Please make sure to confirm Enghouse Systems' downside variance, day median price, and 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 | -0.9 |
Excellent reverse predictability
Enghouse Systems Limited has excellent reverse predictability. Overlapping area represents the amount of predictability between Enghouse Systems time series from 6th of November 2024 to 21st of November 2024 and 21st of November 2024 to 6th 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 -0.9 indicates that approximately 90.0% of current Enghouse Systems price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.9 | |
| Spearman Rank Test | -0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
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 |
Currently Active Assets on Macroaxis
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.