ENCE Energa (Spain) Market Value
| ENC Stock | EUR 3.29 0.04 1.23% |
| Symbol | ENCE |
ENCE Energa '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 ENCE Energa'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 ENCE Energa.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in ENCE Energa on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding ENCE Energa y or generate 0.0% return on investment in ENCE Energa over 90 days. ENCE Energa is related to or competes with Acerinox, CIE Automotive, Mapfre, ArcelorMittal, and ACS Actividades. ENCE Energa y Celulosa, S.A., together with its subsidiaries, produces and sells eucalyptus pulp and renewable energy in... More
ENCE Energa 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 ENCE Energa'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 ENCE Energa y upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.24 | |||
| Information Ratio | 0.2417 | |||
| Maximum Drawdown | 8.97 | |||
| Value At Risk | (1.76) | |||
| Potential Upside | 2.38 |
ENCE Energa Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ENCE Energa's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ENCE Energa's standard deviation. In reality, there are many statistical measures that can use ENCE Energa historical prices to predict the future ENCE Energa's volatility.| Risk Adjusted Performance | 0.1507 | |||
| Jensen Alpha | 0.261 | |||
| Total Risk Alpha | 0.39 | |||
| Sortino Ratio | 0.2656 | |||
| Treynor Ratio | 0.579 |
ENCE Energa y Backtested Returns
At this point, ENCE Energa is somewhat reliable. ENCE Energa y retains Efficiency (Sharpe Ratio) of 0.13, which denotes the company had a 0.13 % return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for ENCE Energa, which you can use to evaluate the volatility of the firm. Please confirm ENCE Energa's Market Risk Adjusted Performance of 0.589, coefficient of variation of 592.04, and Downside Deviation of 1.24 to check if the risk estimate we provide is consistent with the expected return of 0.17%. ENCE Energa has a performance score of 10 on a scale of 0 to 100. The firm owns a Beta (Systematic Risk) of 0.38, which means possible diversification benefits within a given portfolio. As returns on the market increase, ENCE Energa's returns are expected to increase less than the market. However, during the bear market, the loss of holding ENCE Energa is expected to be smaller as well. ENCE Energa y at this time owns a risk of 1.29%. Please confirm ENCE Energa y jensen alpha, maximum drawdown, and the relationship between the coefficient of variation and sortino ratio , to decide if ENCE Energa y will be following its current price history.
Auto-correlation | -0.81 |
Excellent reverse predictability
ENCE Energa y has excellent reverse predictability. Overlapping area represents the amount of predictability between ENCE Energa 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 ENCE Energa y price movement. The serial correlation of -0.81 indicates that around 81.0% of current ENCE Energa price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.81 | |
| Spearman Rank Test | -0.67 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
ENCE Energa y lagged returns against current returns
Autocorrelation, which is ENCE Energa 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 ENCE Energa's stock expected returns. We can calculate the autocorrelation of ENCE Energa returns to help us make a trade decision. For example, suppose you find that ENCE Energa 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 |
ENCE Energa 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 ENCE Energa stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ENCE Energa stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ENCE Energa stock over time.
Current vs Lagged Prices |
| Timeline |
ENCE Energa Lagged Returns
When evaluating ENCE Energa's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ENCE Energa stock have on its future price. ENCE Energa 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, ENCE Energa autocorrelation shows the relationship between ENCE Energa stock current value and its past values and can show if there is a momentum factor associated with investing in ENCE Energa y.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in ENCE Stock
ENCE Energa financial ratios help investors to determine whether ENCE 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 ENCE with respect to the benefits of owning ENCE Energa security.