ENGIE ADR1 (Germany) Market Value
| GZFB Stock | EUR 14.60 0.20 1.35% |
| Symbol | ENGIE |
ENGIE ADR1 '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 ENGIE ADR1'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 ENGIE ADR1.
| 01/04/2023 |
| 12/24/2024 |
If you would invest 0.00 in ENGIE ADR1 on January 4, 2023 and sell it all today you would earn a total of 0.00 from holding ENGIE ADR1 EO or generate 0.0% return on investment in ENGIE ADR1 over 720 days. ENGIE ADR1 is related to or competes with Iberdrola, Enel SpA, Enel SpA, National Grid, Sempra, National Grid, and ENGIE ADR1. ENGIE SA engages in power, natural gas, and energy services businesses More
ENGIE ADR1 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 ENGIE ADR1'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 ENGIE ADR1 EO upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 4.71 | |||
| Value At Risk | (1.32) | |||
| Potential Upside | 1.34 |
ENGIE ADR1 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ENGIE ADR1's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ENGIE ADR1's standard deviation. In reality, there are many statistical measures that can use ENGIE ADR1 historical prices to predict the future ENGIE ADR1's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.11) | |||
| Treynor Ratio | 6.16 |
ENGIE ADR1 EO Backtested Returns
ENGIE ADR1 EO secures Sharpe Ratio (or Efficiency) of -0.11, which denotes the company had a -0.11% return per unit of return volatility over the last 3 months. ENGIE ADR1 EO exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm ENGIE ADR1's standard deviation of 0.8919, and Mean Deviation of 0.6574 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.0141, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning ENGIE ADR1 are expected to decrease at a much lower rate. During the bear market, ENGIE ADR1 is likely to outperform the market. At this point, ENGIE ADR1 EO has a negative expected return of -0.0996%. Please make sure to confirm ENGIE ADR1's standard deviation, information ratio, total risk alpha, as well as the relationship between the variance and jensen alpha , to decide if ENGIE ADR1 EO performance from the past will be repeated in the future.
Auto-correlation | 0.42 |
Average predictability
ENGIE ADR1 EO has average predictability. Overlapping area represents the amount of predictability between ENGIE ADR1 time series from 4th of January 2023 to 30th of December 2023 and 30th of December 2023 to 24th 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 ENGIE ADR1 EO price movement. The serial correlation of 0.42 indicates that just about 42.0% of current ENGIE ADR1 price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.42 | |
| Spearman Rank Test | 0.44 | |
| Residual Average | 0.0 | |
| Price Variance | 0.57 |
ENGIE ADR1 EO lagged returns against current returns
Autocorrelation, which is ENGIE ADR1 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 ENGIE ADR1's stock expected returns. We can calculate the autocorrelation of ENGIE ADR1 returns to help us make a trade decision. For example, suppose you find that ENGIE ADR1 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 |
ENGIE ADR1 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 ENGIE ADR1 stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ENGIE ADR1 stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ENGIE ADR1 stock over time.
Current vs Lagged Prices |
| Timeline |
ENGIE ADR1 Lagged Returns
When evaluating ENGIE ADR1's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ENGIE ADR1 stock have on its future price. ENGIE ADR1 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, ENGIE ADR1 autocorrelation shows the relationship between ENGIE ADR1 stock current value and its past values and can show if there is a momentum factor associated with investing in ENGIE ADR1 EO.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in ENGIE Stock
ENGIE ADR1 financial ratios help investors to determine whether ENGIE 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 ENGIE with respect to the benefits of owning ENGIE ADR1 security.