Enegex NL (Australia) Market Value
| ENX Stock | 0.01 0 7.69% |
| Symbol | Enegex |
Enegex NL '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 Enegex NL'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 Enegex NL.
| 12/14/2024 |
| 03/14/2025 |
If you would invest 0.00 in Enegex NL on December 14, 2024 and sell it all today you would earn a total of 0.00 from holding Enegex NL or generate 0.0% return on investment in Enegex NL over 90 days. Enegex NL is related to or competes with Cleanspace Holdings Ltd, and Oceania Healthcare. Enegex NL is entity of Australia. It is traded as Stock on AU exchange. More
Enegex NL 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 Enegex NL'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 Enegex NL upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0212 | |||
| Maximum Drawdown | 14.36 | |||
| Value At Risk | (6.67) | |||
| Potential Upside | 7.14 |
Enegex NL Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Enegex NL's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Enegex NL's standard deviation. In reality, there are many statistical measures that can use Enegex NL historical prices to predict the future Enegex NL's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | 0.4059 | |||
| Treynor Ratio | (0.17) |
Enegex NL Backtested Returns
Enegex NL secures Sharpe Ratio (or Efficiency) of -0.11, which denotes the company had a -0.11 % return per unit of risk over the last 3 months. Enegex NL exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Enegex NL's Standard Deviation of 2.89, mean deviation of 1.23, and Variance of 8.35 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.48, which means possible diversification benefits within a given portfolio. As returns on the market increase, Enegex NL's returns are expected to increase less than the market. However, during the bear market, the loss of holding Enegex NL is expected to be smaller as well. At this point, Enegex NL has a negative expected return of -0.32%. Please make sure to confirm Enegex NL's coefficient of variation, information ratio, total risk alpha, as well as the relationship between the standard deviation and jensen alpha , to decide if Enegex NL performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.29 |
Weak reverse predictability
Enegex NL has weak reverse predictability. Overlapping area represents the amount of predictability between Enegex NL time series from 14th of December 2024 to 28th of January 2025 and 28th of January 2025 to 14th 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 Enegex NL price movement. The serial correlation of -0.29 indicates that nearly 29.0% of current Enegex NL price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.29 | |
| Spearman Rank Test | -0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Enegex NL lagged returns against current returns
Autocorrelation, which is Enegex NL 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 Enegex NL's stock expected returns. We can calculate the autocorrelation of Enegex NL returns to help us make a trade decision. For example, suppose you find that Enegex NL 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 |
Enegex NL 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 Enegex NL stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Enegex NL stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Enegex NL stock over time.
Current vs Lagged Prices |
| Timeline |
Enegex NL Lagged Returns
When evaluating Enegex NL's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Enegex NL stock have on its future price. Enegex NL 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, Enegex NL autocorrelation shows the relationship between Enegex NL stock current value and its past values and can show if there is a momentum factor associated with investing in Enegex NL.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Enegex Stock Analysis
When running Enegex NL's price analysis, check to measure Enegex NL'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 Enegex NL is operating at the current time. Most of Enegex NL's value examination focuses on studying past and present price action to predict the probability of Enegex NL's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Enegex NL's price. Additionally, you may evaluate how the addition of Enegex NL to your portfolios can decrease your overall portfolio volatility.