Encore Energy Corp Etf Market Value
| EU Etf | USD 3.78 0.07 1.89% |
| Symbol | EnCore |
The market value of enCore Energy Corp is measured differently than its book value, which is the value of EnCore that is recorded on the company's balance sheet. Investors also form their own opinion of EnCore Energy's value that differs from its market value or its book value, called intrinsic value, which is EnCore Energy's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because EnCore Energy's market value can be influenced by many factors that don't directly affect EnCore Energy's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between EnCore Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if EnCore Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, EnCore Energy's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
EnCore Energy '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 EnCore Energy's etf 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 EnCore Energy.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in EnCore Energy on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding enCore Energy Corp or generate 0.0% return on investment in EnCore Energy over 30 days. EnCore Energy is related to or competes with Cameco Corp, Denison Mines, Centrus Energy, NexGen Energy, Uranium Energy, Ur Energy, and Uranium Royalty. EnCore Energy is entity of United States More
EnCore Energy 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 EnCore Energy's etf 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 enCore Energy Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.25 | |||
| Information Ratio | 0.0067 | |||
| Maximum Drawdown | 17.29 | |||
| Value At Risk | (4.62) | |||
| Potential Upside | 5.29 |
EnCore Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for EnCore Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as EnCore Energy's standard deviation. In reality, there are many statistical measures that can use EnCore Energy historical prices to predict the future EnCore Energy's volatility.| Risk Adjusted Performance | 0.0415 | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.47) | |||
| Sortino Ratio | 0.0077 | |||
| Treynor Ratio | 0.0869 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of EnCore Energy'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.
enCore Energy Corp Backtested Returns
EnCore Energy appears to be moderately volatile, given 3 months investment horizon. enCore Energy Corp retains Efficiency (Sharpe Ratio) of 0.0903, which denotes the etf had a 0.0903% return per unit of risk over the last 3 months. We have found thirty technical indicators for EnCore Energy, which you can use to evaluate the volatility of the entity. Please utilize EnCore Energy's Downside Deviation of 3.25, semi deviation of 3.18, and Risk Adjusted Performance of 0.0415 to check if our risk estimates are consistent with your expectations. The etf owns a Beta (Systematic Risk) of 1.76, which means a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, EnCore Energy will likely underperform.
Auto-correlation | -0.01 |
Very weak reverse predictability
enCore Energy Corp has very weak reverse predictability. Overlapping area represents the amount of predictability between EnCore Energy time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st 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 enCore Energy Corp price movement. The serial correlation of -0.01 indicates that just 1.0% of current EnCore Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.01 | |
| Spearman Rank Test | 0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
enCore Energy Corp lagged returns against current returns
Autocorrelation, which is EnCore Energy etf'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 EnCore Energy's etf expected returns. We can calculate the autocorrelation of EnCore Energy returns to help us make a trade decision. For example, suppose you find that EnCore Energy has exhibited high autocorrelation historically, and you observe that the etf 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 |
EnCore Energy 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 EnCore Energy etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if EnCore Energy etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in EnCore Energy etf over time.
Current vs Lagged Prices |
| Timeline |
EnCore Energy Lagged Returns
When evaluating EnCore Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of EnCore Energy etf have on its future price. EnCore Energy 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, EnCore Energy autocorrelation shows the relationship between EnCore Energy etf current value and its past values and can show if there is a momentum factor associated with investing in enCore Energy Corp.
Regressed Prices |
| Timeline |
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Other Information on Investing in EnCore Etf
EnCore Energy financial ratios help investors to determine whether EnCore Etf 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 EnCore with respect to the benefits of owning EnCore Energy security.