Energoaqua (Czech Republic) Market Value
| ENRGA Stock | CZK 3,200 0.00 0.00% |
| Symbol | Energoaqua |
Energoaqua '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 Energoaqua'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 Energoaqua.
| 02/28/2023 |
| 02/17/2025 |
If you would invest 0.00 in Energoaqua on February 28, 2023 and sell it all today you would earn a total of 0.00 from holding Energoaqua as or generate 0.0% return on investment in Energoaqua over 720 days. Energoaqua is related to or competes with Cez AS, Kofola CeskoSlovensko, Primoco UAV, MT 1997, Prabos Plus, Coloseum Holding, and Fillamentum. ENERGOAQUA, a.s. engages in the manufacture, distribution, and sale of energy media and services in the electricity, the... More
Energoaqua 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 Energoaqua'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 Energoaqua as upside and downside potential and time the market with a certain degree of confidence.
Energoaqua Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Energoaqua's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Energoaqua's standard deviation. In reality, there are many statistical measures that can use Energoaqua historical prices to predict the future Energoaqua's volatility.| Risk Adjusted Performance | 0.0077 | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.01) | |||
| Treynor Ratio | 0.0184 |
Energoaqua as Backtested Returns
Currently, Energoaqua as is very steady. Energoaqua as secures Sharpe Ratio (or Efficiency) of 0.13, which denotes the company had a 0.13 % return per unit of risk over the last 3 months. We have found seventeen technical indicators for Energoaqua as, which you can use to evaluate the volatility of the firm. Please confirm Energoaqua's Mean Deviation of 0.2018, variance of 1.28, and Standard Deviation of 1.13 to check if the risk estimate we provide is consistent with the expected return of 0.11%. Energoaqua has a performance score of 10 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.2, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Energoaqua are expected to decrease at a much lower rate. During the bear market, Energoaqua is likely to outperform the market. Energoaqua as right now shows a risk of 0.86%. Please confirm Energoaqua as maximum drawdown, and the relationship between the variance and rate of daily change , to decide if Energoaqua as will be following its price patterns.
Auto-correlation | 0.07 |
Virtually no predictability
Energoaqua as has virtually no predictability. Overlapping area represents the amount of predictability between Energoaqua time series from 28th of February 2023 to 23rd of February 2024 and 23rd of February 2024 to 17th of February 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 Energoaqua as price movement. The serial correlation of 0.07 indicates that barely 7.0% of current Energoaqua price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.07 | |
| Spearman Rank Test | 0.56 | |
| Residual Average | 0.0 | |
| Price Variance | 16.3 K |
Energoaqua as lagged returns against current returns
Autocorrelation, which is Energoaqua 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 Energoaqua's stock expected returns. We can calculate the autocorrelation of Energoaqua returns to help us make a trade decision. For example, suppose you find that Energoaqua 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 |
Energoaqua 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 Energoaqua stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Energoaqua stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Energoaqua stock over time.
Current vs Lagged Prices |
| Timeline |
Energoaqua Lagged Returns
When evaluating Energoaqua's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Energoaqua stock have on its future price. Energoaqua 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, Energoaqua autocorrelation shows the relationship between Energoaqua stock current value and its past values and can show if there is a momentum factor associated with investing in Energoaqua as.
Regressed Prices |
| Timeline |
Pair Trading with Energoaqua
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 Energoaqua 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 Energoaqua will appreciate offsetting losses from the drop in the long position's value.Moving together with Energoaqua Stock
Moving against Energoaqua Stock
The ability to find closely correlated positions to Energoaqua could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Energoaqua 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 Energoaqua - 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 Energoaqua as to buy it.
The correlation of Energoaqua 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 Energoaqua moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Energoaqua as 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 Energoaqua 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 Energoaqua Stock Analysis
When running Energoaqua's price analysis, check to measure Energoaqua'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 Energoaqua is operating at the current time. Most of Energoaqua's value examination focuses on studying past and present price action to predict the probability of Energoaqua's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Energoaqua's price. Additionally, you may evaluate how the addition of Energoaqua to your portfolios can decrease your overall portfolio volatility.