Enlight Renewable (Israel) Market Value
| ENLT Stock | ILS 6,225 24.00 0.39% |
| Symbol | Enlight |
Enlight Renewable '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 Enlight Renewable'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 Enlight Renewable.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Enlight Renewable on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Enlight Renewable Energy or generate 0.0% return on investment in Enlight Renewable over 90 days. Enlight Renewable is related to or competes with Energix Renewable, Doral Group, Elbit Systems, Electreon Wireless, and Delek. Enlight Renewable Energy Ltd operates in the field of renewable energy More
Enlight Renewable 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 Enlight Renewable'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 Enlight Renewable Energy upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.21 | |||
| Information Ratio | 0.0955 | |||
| Maximum Drawdown | 11.77 | |||
| Value At Risk | (3.53) | |||
| Potential Upside | 5.82 |
Enlight Renewable Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Enlight Renewable's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Enlight Renewable's standard deviation. In reality, there are many statistical measures that can use Enlight Renewable historical prices to predict the future Enlight Renewable's volatility.| Risk Adjusted Performance | 0.0539 | |||
| Jensen Alpha | 0.1516 | |||
| Total Risk Alpha | 0.4252 | |||
| Sortino Ratio | 0.1048 | |||
| Treynor Ratio | 0.4512 |
Enlight Renewable Energy Backtested Returns
At this point, Enlight Renewable is very steady. Enlight Renewable Energy secures Sharpe Ratio (or Efficiency) of 0.0546, which denotes the company had a 0.0546 % return per unit of risk over the last 3 months. We have found thirty technical indicators for Enlight Renewable Energy, which you can use to evaluate the volatility of the firm. Please confirm Enlight Renewable's Mean Deviation of 1.75, downside deviation of 2.21, and Coefficient Of Variation of 1832.53 to check if the risk estimate we provide is consistent with the expected return of 0.13%. Enlight Renewable has a performance score of 4 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.27, which means not very significant fluctuations relative to the market. As returns on the market increase, Enlight Renewable's returns are expected to increase less than the market. However, during the bear market, the loss of holding Enlight Renewable is expected to be smaller as well. Enlight Renewable Energy right now shows a risk of 2.42%. Please confirm Enlight Renewable Energy coefficient of variation, jensen alpha, sortino ratio, as well as the relationship between the standard deviation and total risk alpha , to decide if Enlight Renewable Energy will be following its price patterns.
Auto-correlation | -0.04 |
Very weak reverse predictability
Enlight Renewable Energy has very weak reverse predictability. Overlapping area represents the amount of predictability between Enlight Renewable 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 Enlight Renewable Energy price movement. The serial correlation of -0.04 indicates that only as little as 4.0% of current Enlight Renewable price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.04 | |
| Spearman Rank Test | -0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 27.4 K |
Enlight Renewable Energy lagged returns against current returns
Autocorrelation, which is Enlight Renewable 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 Enlight Renewable's stock expected returns. We can calculate the autocorrelation of Enlight Renewable returns to help us make a trade decision. For example, suppose you find that Enlight Renewable 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 |
Enlight Renewable 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 Enlight Renewable stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Enlight Renewable stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Enlight Renewable stock over time.
Current vs Lagged Prices |
| Timeline |
Enlight Renewable Lagged Returns
When evaluating Enlight Renewable's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Enlight Renewable stock have on its future price. Enlight Renewable 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, Enlight Renewable autocorrelation shows the relationship between Enlight Renewable stock current value and its past values and can show if there is a momentum factor associated with investing in Enlight Renewable Energy.
Regressed Prices |
| Timeline |
Also Currently Popular
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 Information and Resources on Investing in Enlight Stock
When determining whether Enlight Renewable Energy is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Enlight Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Enlight Renewable Energy Stock. Highlighted below are key reports to facilitate an investment decision about Enlight Renewable Energy Stock:Check out Enlight Renewable Correlation, Enlight Renewable Volatility and Enlight Renewable Alpha and Beta module to complement your research on Enlight Renewable. You can also try the Global Correlations module to find global opportunities by holding instruments from different markets.
Enlight Renewable technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.