Enagas Sa Stock Market Value
| ENGGY Stock | USD 6.87 0.09 1.29% |
| Symbol | Enagas |
Enagas 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 Enagas SA'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 Enagas SA.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Enagas SA on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Enagas SA or generate 0.0% return on investment in Enagas SA over 90 days. Enagas SA is related to or competes with Northwest Natural, Chesapeake Utilities, One Gas, NiSource, NewJersey Resources, UGI, and Spire. Enags, S.A. engages in the development, operation, and maintenance of gas infrastructures in Spain, Mexico, Chile, Peru,... More
Enagas 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 Enagas SA'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 Enagas SA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.07 | |||
| Information Ratio | 0.0847 | |||
| Maximum Drawdown | 7.03 | |||
| Value At Risk | (3.09) | |||
| Potential Upside | 2.45 |
Enagas SA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Enagas SA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Enagas SA's standard deviation. In reality, there are many statistical measures that can use Enagas SA historical prices to predict the future Enagas SA's volatility.| Risk Adjusted Performance | 0.0271 | |||
| Jensen Alpha | 0.0424 | |||
| Total Risk Alpha | 0.2426 | |||
| Sortino Ratio | 0.0685 | |||
| Treynor Ratio | 0.3726 |
Enagas SA Backtested Returns
At this stage we consider Enagas Pink Sheet to be not too volatile. Enagas SA secures Sharpe Ratio (or Efficiency) of 0.0932, which denotes the company had a 0.0932 % return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for Enagas SA, which you can use to evaluate the volatility of the firm. Please confirm Enagas SA's Semi Deviation of 1.83, downside deviation of 2.07, and Mean Deviation of 1.21 to check if the risk estimate we provide is consistent with the expected return of 0.14%. Enagas SA has a performance score of 7 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.0881, which means not very significant fluctuations relative to the market. As returns on the market increase, Enagas SA's returns are expected to increase less than the market. However, during the bear market, the loss of holding Enagas SA is expected to be smaller as well. Enagas SA right now shows a risk of 1.53%. Please confirm Enagas SA value at risk, and the relationship between the standard deviation and kurtosis , to decide if Enagas SA will be following its price patterns.
Auto-correlation | 0.29 |
Poor predictability
Enagas SA has poor predictability. Overlapping area represents the amount of predictability between Enagas SA 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 Enagas SA price movement. The serial correlation of 0.29 indicates that nearly 29.0% of current Enagas SA price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.29 | |
| Spearman Rank Test | 0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 0.08 |
Enagas SA lagged returns against current returns
Autocorrelation, which is Enagas SA 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 Enagas SA's pink sheet expected returns. We can calculate the autocorrelation of Enagas SA returns to help us make a trade decision. For example, suppose you find that Enagas SA 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 |
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Enagas 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 Enagas SA pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Enagas SA pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Enagas SA pink sheet over time.
Current vs Lagged Prices |
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Enagas SA Lagged Returns
When evaluating Enagas SA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Enagas SA pink sheet have on its future price. Enagas 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, Enagas SA autocorrelation shows the relationship between Enagas SA pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Enagas 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 Enagas Pink Sheet Analysis
When running Enagas SA's price analysis, check to measure Enagas 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 Enagas SA is operating at the current time. Most of Enagas SA's value examination focuses on studying past and present price action to predict the probability of Enagas 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 Enagas SA's price. Additionally, you may evaluate how the addition of Enagas SA to your portfolios can decrease your overall portfolio volatility.