Enjoy SA (Chile) Market Value
| ENJOY Stock | CLP 0.27 0.01 3.85% |
| Symbol | Enjoy |
Enjoy 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 Enjoy 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 Enjoy SA.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in Enjoy SA on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding Enjoy SA or generate 0.0% return on investment in Enjoy SA over 30 days. Enjoy SA is related to or competes with Aguas Andinas, Parq Arauco, Enel Generacin, Sociedad Matriz, and Empresa Nacional. Enjoy S.A. operates a chain of casinos and hotels in Chile and internationally More
Enjoy 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 Enjoy 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 Enjoy SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.23) | |||
| Maximum Drawdown | 22.64 | |||
| Value At Risk | (7.69) | |||
| Potential Upside | 4.35 |
Enjoy SA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Enjoy SA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Enjoy SA's standard deviation. In reality, there are many statistical measures that can use Enjoy SA historical prices to predict the future Enjoy SA's volatility.| Risk Adjusted Performance | (0.14) | |||
| Jensen Alpha | (0.97) | |||
| Total Risk Alpha | (1.55) | |||
| Treynor Ratio | (1.05) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Enjoy SA's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Enjoy SA Backtested Returns
Enjoy SA secures Sharpe Ratio (or Efficiency) of -0.22, which denotes the company had a -0.22% return per unit of risk over the last 3 months. Enjoy SA exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Enjoy SA's Standard Deviation of 4.25, mean deviation of 2.85, and Variance of 18.1 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.83, which means possible diversification benefits within a given portfolio. As returns on the market increase, Enjoy SA's returns are expected to increase less than the market. However, during the bear market, the loss of holding Enjoy SA is expected to be smaller as well. At this point, Enjoy SA has a negative expected return of -0.83%. Please make sure to confirm Enjoy SA's coefficient of variation, maximum drawdown, as well as the relationship between the Maximum Drawdown and rate of daily change , to decide if Enjoy SA performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.29 |
Weak reverse predictability
Enjoy SA has weak reverse predictability. Overlapping area represents the amount of predictability between Enjoy SA time series from 12th of November 2024 to 27th of November 2024 and 27th of November 2024 to 12th 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 Enjoy SA price movement. The serial correlation of -0.29 indicates that nearly 29.0% of current Enjoy SA price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.29 | |
| Spearman Rank Test | -0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Enjoy SA lagged returns against current returns
Autocorrelation, which is Enjoy 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 Enjoy SA's stock expected returns. We can calculate the autocorrelation of Enjoy SA returns to help us make a trade decision. For example, suppose you find that Enjoy 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 |
Enjoy 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 Enjoy SA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Enjoy SA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Enjoy SA stock over time.
Current vs Lagged Prices |
| Timeline |
Enjoy SA Lagged Returns
When evaluating Enjoy SA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Enjoy SA stock have on its future price. Enjoy 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, Enjoy SA autocorrelation shows the relationship between Enjoy SA stock current value and its past values and can show if there is a momentum factor associated with investing in Enjoy SA.
Regressed Prices |
| Timeline |
Pair Trading with Enjoy SA
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Enjoy SA position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Enjoy SA will appreciate offsetting losses from the drop in the long position's value.Moving against Enjoy Stock
| 0.9 | AFPCAPITAL | AFP Capital SA | PairCorr |
| 0.84 | ENLASA | Energia Latina SA | PairCorr |
| 0.71 | AAISA | Administradora Americana | PairCorr |
The ability to find closely correlated positions to Enjoy SA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Enjoy SA when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Enjoy SA - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Enjoy SA to buy it.
The correlation of Enjoy SA is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Enjoy SA moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Enjoy SA moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Enjoy SA can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Enjoy Stock Analysis
When running Enjoy SA's price analysis, check to measure Enjoy 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 Enjoy SA is operating at the current time. Most of Enjoy SA's value examination focuses on studying past and present price action to predict the probability of Enjoy 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 Enjoy SA's price. Additionally, you may evaluate how the addition of Enjoy SA to your portfolios can decrease your overall portfolio volatility.