ENN Energy (Germany) Market Value
| XGH Stock | EUR 6.45 0.15 2.38% |
| Symbol | ENN |
ENN 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 ENN Energy'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 ENN Energy.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in ENN Energy on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding ENN Energy Holdings or generate 0.0% return on investment in ENN Energy over 90 days. ENN Energy is related to or competes with COREBRIDGE FINANCIAL, S E, TYSNES SPAREBANK, PARKEN Sport, Discover Financial, SCIENCE IN, and Erste Group. ENN Energy Holdings Limited, an investment holding company, engages in the investment, construction, operation, and mana... More
ENN 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 ENN Energy'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 ENN Energy Holdings upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0363 | |||
| Maximum Drawdown | 10.08 | |||
| Value At Risk | (3.10) | |||
| Potential Upside | 3.94 |
ENN Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ENN Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ENN Energy's standard deviation. In reality, there are many statistical measures that can use ENN Energy historical prices to predict the future ENN Energy's volatility.| Risk Adjusted Performance | 0.0033 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | 0.2911 | |||
| Treynor Ratio | 0.1572 |
ENN Energy Holdings Backtested Returns
ENN Energy Holdings secures Sharpe Ratio (or Efficiency) of close to zero, which denotes the company had a close to zero % return per unit of risk over the last 3 months. ENN Energy Holdings exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm ENN Energy's Mean Deviation of 2.08, coefficient of variation of (27,069), and Standard Deviation of 2.48 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.12, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning ENN Energy are expected to decrease at a much lower rate. During the bear market, ENN Energy is likely to outperform the market. At this point, ENN Energy Holdings has a negative expected return of -0.0092%. Please make sure to confirm ENN Energy's treynor ratio, daily balance of power, price action indicator, as well as the relationship between the skewness and day median price , to decide if ENN Energy Holdings performance from the past will be repeated at future time.
Auto-correlation | 0.21 |
Weak predictability
ENN Energy Holdings has weak predictability. Overlapping area represents the amount of predictability between ENN Energy 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 ENN Energy Holdings price movement. The serial correlation of 0.21 indicates that over 21.0% of current ENN Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.21 | |
| Spearman Rank Test | 0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
ENN Energy Holdings lagged returns against current returns
Autocorrelation, which is ENN Energy 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 ENN Energy's stock expected returns. We can calculate the autocorrelation of ENN Energy returns to help us make a trade decision. For example, suppose you find that ENN Energy 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 |
ENN 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 ENN Energy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ENN Energy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ENN Energy stock over time.
Current vs Lagged Prices |
| Timeline |
ENN Energy Lagged Returns
When evaluating ENN Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ENN Energy stock have on its future price. ENN 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, ENN Energy autocorrelation shows the relationship between ENN Energy stock current value and its past values and can show if there is a momentum factor associated with investing in ENN Energy Holdings.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in ENN Stock
ENN Energy financial ratios help investors to determine whether ENN 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 ENN with respect to the benefits of owning ENN Energy security.