Ensurge Micropower (Norway) Market Value
| ENSU Stock | 1.19 0.02 1.65% |
| Symbol | Ensurge |
Ensurge Micropower '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 Ensurge Micropower'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 Ensurge Micropower.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in Ensurge Micropower on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding Ensurge Micropower ASA or generate 0.0% return on investment in Ensurge Micropower over 90 days. Ensurge Micropower is related to or competes with REC Silicon, Aker Horizons, Saga Pure, and Next Biometrics. More
Ensurge Micropower 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 Ensurge Micropower'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 Ensurge Micropower ASA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.82 | |||
| Information Ratio | 0.1569 | |||
| Maximum Drawdown | 20.23 | |||
| Value At Risk | (6.48) | |||
| Potential Upside | 8.55 |
Ensurge Micropower Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ensurge Micropower's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ensurge Micropower's standard deviation. In reality, there are many statistical measures that can use Ensurge Micropower historical prices to predict the future Ensurge Micropower's volatility.| Risk Adjusted Performance | 0.1257 | |||
| Jensen Alpha | 0.5738 | |||
| Total Risk Alpha | 1.18 | |||
| Sortino Ratio | 0.1483 | |||
| Treynor Ratio | (2.04) |
Ensurge Micropower ASA Backtested Returns
Ensurge Micropower appears to be extremely dangerous, given 3 months investment horizon. Ensurge Micropower ASA secures Sharpe Ratio (or Efficiency) of 0.14, which denotes the company had a 0.14 % return per unit of risk over the last 3 months. By reviewing Ensurge Micropower's technical indicators, you can evaluate if the expected return of 0.62% is justified by implied risk. Please utilize Ensurge Micropower's Coefficient Of Variation of 739.96, mean deviation of 3.45, and Downside Deviation of 4.82 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Ensurge Micropower holds a performance score of 10. The firm shows a Beta (market volatility) of -0.3, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Ensurge Micropower are expected to decrease at a much lower rate. During the bear market, Ensurge Micropower is likely to outperform the market. Please check Ensurge Micropower's total risk alpha, treynor ratio, value at risk, as well as the relationship between the sortino ratio and maximum drawdown , to make a quick decision on whether Ensurge Micropower's price patterns will revert.
Auto-correlation | 0.44 |
Average predictability
Ensurge Micropower ASA has average predictability. Overlapping area represents the amount of predictability between Ensurge Micropower time series from 15th of December 2024 to 29th of January 2025 and 29th of January 2025 to 15th 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 Ensurge Micropower ASA price movement. The serial correlation of 0.44 indicates that just about 44.0% of current Ensurge Micropower price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.44 | |
| Spearman Rank Test | -0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Ensurge Micropower ASA lagged returns against current returns
Autocorrelation, which is Ensurge Micropower 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 Ensurge Micropower's stock expected returns. We can calculate the autocorrelation of Ensurge Micropower returns to help us make a trade decision. For example, suppose you find that Ensurge Micropower 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 |
Ensurge Micropower 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 Ensurge Micropower stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ensurge Micropower stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ensurge Micropower stock over time.
Current vs Lagged Prices |
| Timeline |
Ensurge Micropower Lagged Returns
When evaluating Ensurge Micropower's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ensurge Micropower stock have on its future price. Ensurge Micropower 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, Ensurge Micropower autocorrelation shows the relationship between Ensurge Micropower stock current value and its past values and can show if there is a momentum factor associated with investing in Ensurge Micropower ASA.
Regressed Prices |
| Timeline |
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Ensurge Micropower financial ratios help investors to determine whether Ensurge Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Ensurge with respect to the benefits of owning Ensurge Micropower security.