ENGIE ADR/1's market value is the price at which a share of ENGIE ADR/1 trades on a public exchange. It measures the collective expectations of ENGIE ADR1 EO investors about its performance. ENGIE ADR/1 is trading at 15.60 as of the 11th of January 2025. This is a 0.65% up since the beginning of the trading day. The stock's lowest day price was 15.6. With this module, you can estimate the performance of a buy and hold strategy of ENGIE ADR1 EO and determine expected loss or profit from investing in ENGIE ADR/1 over a given investment horizon. Check out ENGIE ADR/1 Correlation, ENGIE ADR/1 Volatility and ENGIE ADR/1 Alpha and Beta module to complement your research on ENGIE ADR/1.
Please note, there is a significant difference between ENGIE ADR/1's value and its price as these two are different measures arrived at by different means. Investors typically determine if ENGIE ADR/1 is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ENGIE ADR/1'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.
ENGIE ADR/1 '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 ADR/1'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 ADR/1.
0.00
12/12/2024
No Change 0.00
0.0
In 31 days
01/11/2025
0.00
If you would invest 0.00 in ENGIE ADR/1 on December 12, 2024 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 ADR/1 over 30 days. ENGIE ADR/1 is related to or competes with HK Electric, Virtus Investment, Casio Computer, TELECOM ITALRISP, and Singapore Telecommunicatio. ENGIE SA engages in power, natural gas, and energy services businesses More
ENGIE ADR/1 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 ADR/1'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.
Today, many novice investors tend to focus exclusively on investment returns with little concern for ENGIE ADR/1's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ENGIE ADR/1's standard deviation. In reality, there are many statistical measures that can use ENGIE ADR/1 historical prices to predict the future ENGIE ADR/1's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as ENGIE ADR/1. Your research has to be compared to or analyzed against ENGIE ADR/1's peers to derive any actionable benefits. When done correctly, ENGIE ADR/1's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in ENGIE ADR1 EO.
ENGIE ADR1 EO Backtested Returns
At this point, ENGIE ADR/1 is very steady. ENGIE ADR1 EO secures Sharpe Ratio (or Efficiency) of 0.0046, which denotes the company had a 0.0046% return per unit of return volatility over the last 3 months. We have found twenty-eight technical indicators for ENGIE ADR1 EO, which you can use to evaluate the volatility of the firm. Please confirm ENGIE ADR/1's mean deviation of 0.6933, and Downside Deviation of 1.16 to check if the risk estimate we provide is consistent with the expected return of 0.0043%. The firm shows a Beta (market volatility) of -0.16, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning ENGIE ADR/1 are expected to decrease at a much lower rate. During the bear market, ENGIE ADR/1 is likely to outperform the market. ENGIE ADR1 EO now shows a risk of 0.93%. Please confirm ENGIE ADR1 EO information ratio, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if ENGIE ADR1 EO will be following its price patterns.
Auto-correlation
-0.61
Very good reverse predictability
ENGIE ADR1 EO has very good reverse predictability. Overlapping area represents the amount of predictability between ENGIE ADR/1 time series from 12th of December 2024 to 27th of December 2024 and 27th of December 2024 to 11th of January 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 ENGIE ADR1 EO price movement. The serial correlation of -0.61 indicates that roughly 61.0% of current ENGIE ADR/1 price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.61
Spearman Rank Test
-0.5
Residual Average
0.0
Price Variance
0.08
ENGIE ADR1 EO lagged returns against current returns
Autocorrelation, which is ENGIE ADR/1 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 ADR/1's stock expected returns. We can calculate the autocorrelation of ENGIE ADR/1 returns to help us make a trade decision. For example, suppose you find that ENGIE ADR/1 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 ADR/1 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 ADR/1 stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ENGIE ADR/1 stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ENGIE ADR/1 stock over time.
Current vs Lagged Prices
Timeline
ENGIE ADR/1 Lagged Returns
When evaluating ENGIE ADR/1's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ENGIE ADR/1 stock have on its future price. ENGIE ADR/1 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 ADR/1 autocorrelation shows the relationship between ENGIE ADR/1 stock current value and its past values and can show if there is a momentum factor associated with investing in ENGIE ADR1 EO.
ENGIE ADR/1 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 ADR/1 security.