Engie Sa Adr Stock Market Value
| ENGIY Stock | USD 15.74 0.03 0.19% |
| Symbol | Engie |
Engie 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 Engie 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 Engie SA.
| 09/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Engie SA on September 30, 2024 and sell it all today you would earn a total of 0.00 from holding Engie SA ADR or generate 0.0% return on investment in Engie SA over 60 days. Engie SA is related to or competes with Nextera Energy, Consumers Energy, Duke Energy, Centrais Electricas, Korea Electric, Dominion Energy, and Enel Chile. ENGIE SA engages in the power, natural gas, and energy services businesses More
Engie 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 Engie 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 Engie SA ADR upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.30) | |||
| Maximum Drawdown | 4.85 | |||
| Value At Risk | (1.47) | |||
| Potential Upside | 1.48 |
Engie SA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Engie SA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Engie SA's standard deviation. In reality, there are many statistical measures that can use Engie SA historical prices to predict the future Engie SA's volatility.| Risk Adjusted Performance | (0.13) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.30) | |||
| Treynor Ratio | 0.7071 |
Engie SA ADR Backtested Returns
Engie SA ADR secures Sharpe Ratio (or Efficiency) of -0.16, which denotes the company had a -0.16% return per unit of risk over the last 3 months. Engie SA ADR exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Engie SA's Variance of 0.8508, mean deviation of 0.7089, and Standard Deviation of 0.9224 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.23, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Engie SA are expected to decrease at a much lower rate. During the bear market, Engie SA is likely to outperform the market. At this point, Engie SA ADR has a negative expected return of -0.15%. Please make sure to confirm Engie SA's maximum drawdown, as well as the relationship between the daily balance of power and period momentum indicator , to decide if Engie SA ADR performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.14 |
Insignificant predictability
Engie SA ADR has insignificant predictability. Overlapping area represents the amount of predictability between Engie SA time series from 30th of September 2024 to 30th of October 2024 and 30th of October 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 Engie SA ADR price movement. The serial correlation of 0.14 indicates that less than 14.0% of current Engie SA price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.14 | |
| Spearman Rank Test | 0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 0.11 |
Engie SA ADR lagged returns against current returns
Autocorrelation, which is Engie 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 Engie SA's pink sheet expected returns. We can calculate the autocorrelation of Engie SA returns to help us make a trade decision. For example, suppose you find that Engie 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 |
| Timeline |
Engie 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 Engie SA pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Engie 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 Engie SA pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Engie SA Lagged Returns
When evaluating Engie SA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Engie SA pink sheet have on its future price. Engie 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, Engie SA autocorrelation shows the relationship between Engie SA pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Engie SA ADR.
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 Engie Pink Sheet Analysis
When running Engie SA's price analysis, check to measure Engie 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 Engie SA is operating at the current time. Most of Engie SA's value examination focuses on studying past and present price action to predict the probability of Engie 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 Engie SA's price. Additionally, you may evaluate how the addition of Engie SA to your portfolios can decrease your overall portfolio volatility.