Eneva SA (Brazil) Market Value
| ENEV3 Stock | BRL 11.49 0.28 2.38% |
| Symbol | Eneva |
Eneva SA '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 Eneva SA'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 Eneva SA.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Eneva SA on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Eneva SA or generate 0.0% return on investment in Eneva SA over 30 days. Eneva SA is related to or competes with BB Seguridade, Engie Brasil, CTEEP Companhia, and Itasa Investimentos. Eneva S.A., together with its subsidiaries, operates as an integrated power generation company in Brazil More
Eneva SA 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 Eneva SA'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 Eneva SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.29) | |||
| Maximum Drawdown | 5.8 | |||
| Value At Risk | (2.38) | |||
| Potential Upside | 1.82 |
Eneva SA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Eneva SA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Eneva SA's standard deviation. In reality, there are many statistical measures that can use Eneva SA historical prices to predict the future Eneva SA's volatility.| Risk Adjusted Performance | (0.15) | |||
| Jensen Alpha | (0.26) | |||
| Total Risk Alpha | (0.47) | |||
| Treynor Ratio | 1.63 |
Eneva SA Backtested Returns
Eneva SA secures Sharpe Ratio (or Efficiency) of -0.18, which denotes the company had a -0.18% return per unit of risk over the last 3 months. Eneva SA exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Eneva SA's Standard Deviation of 1.32, variance of 1.75, and Mean Deviation of 1.08 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.17, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Eneva SA are expected to decrease at a much lower rate. During the bear market, Eneva SA is likely to outperform the market. At this point, Eneva SA has a negative expected return of -0.23%. Please make sure to confirm Eneva SA's coefficient of variation, information ratio, total risk alpha, as well as the relationship between the standard deviation and jensen alpha , to decide if Eneva SA performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.21 |
Weak predictability
Eneva SA has weak predictability. Overlapping area represents the amount of predictability between Eneva SA time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th of November 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 Eneva SA price movement. The serial correlation of 0.21 indicates that over 21.0% of current Eneva SA price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.21 | |
| Spearman Rank Test | -0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Eneva SA lagged returns against current returns
Autocorrelation, which is Eneva SA 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 Eneva SA's stock expected returns. We can calculate the autocorrelation of Eneva SA returns to help us make a trade decision. For example, suppose you find that Eneva SA 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 |
Eneva SA 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 Eneva SA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Eneva SA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Eneva SA stock over time.
Current vs Lagged Prices |
| Timeline |
Eneva SA Lagged Returns
When evaluating Eneva SA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Eneva SA stock have on its future price. Eneva SA 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, Eneva SA autocorrelation shows the relationship between Eneva SA stock current value and its past values and can show if there is a momentum factor associated with investing in Eneva SA.
Regressed Prices |
| Timeline |
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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.Additional Tools for Eneva Stock Analysis
When running Eneva SA's price analysis, check to measure Eneva SA'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 Eneva SA is operating at the current time. Most of Eneva SA's value examination focuses on studying past and present price action to predict the probability of Eneva SA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Eneva SA's price. Additionally, you may evaluate how the addition of Eneva SA to your portfolios can decrease your overall portfolio volatility.