Societatea Energetica (Romania) Market Value
| EL Stock | 13.08 0.14 1.06% |
| Symbol | Societatea |
Please note, there is a significant difference between Societatea Energetica's value and its price as these two are different measures arrived at by different means. Investors typically determine if Societatea Energetica is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Societatea Energetica'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.
Societatea Energetica '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 Societatea Energetica'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 Societatea Energetica.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Societatea Energetica on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Societatea Energetica Electrica or generate 0.0% return on investment in Societatea Energetica over 90 days. More
Societatea Energetica 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 Societatea Energetica'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 Societatea Energetica Electrica upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.93 | |||
| Information Ratio | 0.0936 | |||
| Maximum Drawdown | 8.36 | |||
| Value At Risk | (3.60) | |||
| Potential Upside | 3.4 |
Societatea Energetica Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Societatea Energetica's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Societatea Energetica's standard deviation. In reality, there are many statistical measures that can use Societatea Energetica historical prices to predict the future Societatea Energetica's volatility.| Risk Adjusted Performance | 0.0408 | |||
| Jensen Alpha | 0.1164 | |||
| Total Risk Alpha | 0.3009 | |||
| Sortino Ratio | 0.0907 | |||
| Treynor Ratio | 0.1443 |
Societatea Energetica Backtested Returns
Societatea Energetica owns Efficiency Ratio (i.e., Sharpe Ratio) of close to zero, which indicates the firm had a close to zero % return per unit of risk over the last 3 months. Societatea Energetica Electrica exposes thirty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Societatea Energetica's Coefficient Of Variation of 2454.03, semi deviation of 1.82, and Risk Adjusted Performance of 0.0408 to confirm the risk estimate we provide. The entity has a beta of 0.46, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Societatea Energetica's returns are expected to increase less than the market. However, during the bear market, the loss of holding Societatea Energetica is expected to be smaller as well. At this point, Societatea Energetica has a negative expected return of -0.0171%. Please make sure to validate Societatea Energetica's potential upside, rate of daily change, and the relationship between the sortino ratio and skewness , to decide if Societatea Energetica performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.22 |
Weak predictability
Societatea Energetica Electrica has weak predictability. Overlapping area represents the amount of predictability between Societatea Energetica time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th 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 Societatea Energetica price movement. The serial correlation of 0.22 indicates that over 22.0% of current Societatea Energetica price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.22 | |
| Spearman Rank Test | 0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 0.22 |
Societatea Energetica lagged returns against current returns
Autocorrelation, which is Societatea Energetica 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 Societatea Energetica's stock expected returns. We can calculate the autocorrelation of Societatea Energetica returns to help us make a trade decision. For example, suppose you find that Societatea Energetica 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 |
Societatea Energetica 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 Societatea Energetica stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Societatea Energetica stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Societatea Energetica stock over time.
Current vs Lagged Prices |
| Timeline |
Societatea Energetica Lagged Returns
When evaluating Societatea Energetica's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Societatea Energetica stock have on its future price. Societatea Energetica 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, Societatea Energetica autocorrelation shows the relationship between Societatea Energetica stock current value and its past values and can show if there is a momentum factor associated with investing in Societatea Energetica Electrica.
Regressed Prices |
| Timeline |
Pair Trading with Societatea Energetica
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 Societatea Energetica 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 Societatea Energetica will appreciate offsetting losses from the drop in the long position's value.Moving against Societatea Stock
The ability to find closely correlated positions to Societatea Energetica could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Societatea Energetica 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 Societatea Energetica - 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 Societatea Energetica Electrica to buy it.
The correlation of Societatea Energetica 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 Societatea Energetica moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Societatea Energetica 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 Societatea Energetica 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.Other Information on Investing in Societatea Stock
Societatea Energetica financial ratios help investors to determine whether Societatea Stock 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 Societatea with respect to the benefits of owning Societatea Energetica security.