Elecnor,'s market value is the price at which a share of Elecnor, trades on a public exchange. It measures the collective expectations of Elecnor, SA investors about its performance. Elecnor, is trading at 15.50 as of the 2nd of January 2025. This is a No Change since the beginning of the trading day. The stock's lowest day price was 15.5. With this module, you can estimate the performance of a buy and hold strategy of Elecnor, SA and determine expected loss or profit from investing in Elecnor, over a given investment horizon. Check out Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.
Symbol
Elecnor,
Elecnor, '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 Elecnor,'s 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 Elecnor,.
0.00
01/13/2023
No Change 0.00
0.0
In 1 year 11 months and 21 days
01/02/2025
0.00
If you would invest 0.00 in Elecnor, on January 13, 2023 and sell it all today you would earn a total of 0.00 from holding Elecnor, SA or generate 0.0% return on investment in Elecnor, over 720 days.
Elecnor, 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 Elecnor,'s 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 Elecnor, SA upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Elecnor,'s investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Elecnor,'s standard deviation. In reality, there are many statistical measures that can use Elecnor, historical prices to predict the future Elecnor,'s volatility.
Elecnor, appears to be slightly risky, given 3 months investment horizon. Elecnor, SA secures Sharpe Ratio (or Efficiency) of 0.094, which denotes the company had a 0.094% return per unit of risk over the last 3 months. By reviewing Elecnor,'s technical indicators, you can evaluate if the expected return of 0.79% is justified by implied risk. Please utilize Elecnor,'s Mean Deviation of 2.74, standard deviation of 8.13, and Variance of 66.17 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Elecnor, holds a performance score of 7. The firm shows a Beta (market volatility) of 0.58, which means possible diversification benefits within a given portfolio. As returns on the market increase, Elecnor,'s returns are expected to increase less than the market. However, during the bear market, the loss of holding Elecnor, is expected to be smaller as well. Please check Elecnor,'s information ratio, as well as the relationship between the potential upside and day median price , to make a quick decision on whether Elecnor,'s price patterns will revert.
Auto-correlation
0.37
Below average predictability
Elecnor, SA has below average predictability. Overlapping area represents the amount of predictability between Elecnor, time series from 13th of January 2023 to 8th of January 2024 and 8th of January 2024 to 2nd of January 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 Elecnor, SA price movement. The serial correlation of 0.37 indicates that just about 37.0% of current Elecnor, price fluctuation can be explain by its past prices.
Correlation Coefficient
0.37
Spearman Rank Test
1.0
Residual Average
0.0
Price Variance
2.61
Elecnor, SA lagged returns against current returns
Autocorrelation, which is Elecnor, 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 Elecnor,'s pink sheet expected returns. We can calculate the autocorrelation of Elecnor, returns to help us make a trade decision. For example, suppose you find that Elecnor, 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
Elecnor, 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 Elecnor, pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Elecnor, pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Elecnor, pink sheet over time.
Current vs Lagged Prices
Timeline
Elecnor, Lagged Returns
When evaluating Elecnor,'s market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Elecnor, pink sheet have on its future price. Elecnor, 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, Elecnor, autocorrelation shows the relationship between Elecnor, pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Elecnor, SA.