Enea AB (Sweden) Market Value
| ENEA Stock | SEK 100.80 2.50 2.54% |
| Symbol | Enea |
Enea AB '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 Enea AB'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 Enea AB.
| 12/08/2023 |
| 12/02/2024 |
If you would invest 0.00 in Enea AB on December 8, 2023 and sell it all today you would earn a total of 0.00 from holding Enea AB or generate 0.0% return on investment in Enea AB over 360 days. Enea AB is related to or competes with Novotek AB, Addnode Group, Softronic, and CTT Systems. Enea AB provides software and services for communication-intensive applications to telecom, medical, aerospace, and auto... More
Enea AB 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 Enea AB'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 Enea AB upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.89 | |||
| Information Ratio | 0.0103 | |||
| Maximum Drawdown | 10.56 | |||
| Value At Risk | (2.98) | |||
| Potential Upside | 2.74 |
Enea AB Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Enea AB's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Enea AB's standard deviation. In reality, there are many statistical measures that can use Enea AB historical prices to predict the future Enea AB's volatility.| Risk Adjusted Performance | 0.0668 | |||
| Jensen Alpha | 0.1756 | |||
| Total Risk Alpha | (0.18) | |||
| Sortino Ratio | 0.0109 | |||
| Treynor Ratio | (0.69) |
Enea AB Backtested Returns
Enea AB appears to be very steady, given 3 months investment horizon. Enea AB secures Sharpe Ratio (or Efficiency) of 0.14, which denotes the company had a 0.14% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Enea AB, which you can use to evaluate the volatility of the firm. Please utilize Enea AB's Coefficient Of Variation of 1259.95, downside deviation of 1.89, and Mean Deviation of 1.55 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Enea AB holds a performance score of 11. The firm shows a Beta (market volatility) of -0.21, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Enea AB are expected to decrease at a much lower rate. During the bear market, Enea AB is likely to outperform the market. Please check Enea AB's coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to make a quick decision on whether Enea AB's price patterns will revert.
Auto-correlation | 0.67 |
Good predictability
Enea AB has good predictability. Overlapping area represents the amount of predictability between Enea AB time series from 8th of December 2023 to 5th of June 2024 and 5th of June 2024 to 2nd 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 Enea AB price movement. The serial correlation of 0.67 indicates that around 67.0% of current Enea AB price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.67 | |
| Spearman Rank Test | 0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 56.45 |
Enea AB lagged returns against current returns
Autocorrelation, which is Enea AB 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 Enea AB's stock expected returns. We can calculate the autocorrelation of Enea AB returns to help us make a trade decision. For example, suppose you find that Enea AB 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 |
Enea AB 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 Enea AB stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Enea AB stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Enea AB stock over time.
Current vs Lagged Prices |
| Timeline |
Enea AB Lagged Returns
When evaluating Enea AB's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Enea AB stock have on its future price. Enea AB 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, Enea AB autocorrelation shows the relationship between Enea AB stock current value and its past values and can show if there is a momentum factor associated with investing in Enea AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Enea Stock Analysis
When running Enea AB's price analysis, check to measure Enea AB's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Enea AB is operating at the current time. Most of Enea AB's value examination focuses on studying past and present price action to predict the probability of Enea AB's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Enea AB's price. Additionally, you may evaluate how the addition of Enea AB to your portfolios can decrease your overall portfolio volatility.