Enfusion Stock Forecast - Standard Deviation
| ENFN Stock | USD 10.02 0.11 1.09% |
Enfusion Stock Forecast is based on your current time horizon. Although Enfusion's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Enfusion's systematic risk associated with finding meaningful patterns of Enfusion fundamentals over time.
Enfusion |
Open Interest Against 2024-12-20 Enfusion Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Enfusion's spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest in Enfusion's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Enfusion stock based on available contracts left at the end of a trading day.
Please note that to derive more accurate forecasting about market movement from the current Enfusion's open interest, investors have to compare it to Enfusion's spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of Enfusion is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in Enfusion. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
| Check Enfusion Volatility | Backtest Enfusion | Information Ratio |
Enfusion Trading Date Momentum
| On November 29 2024 Enfusion was traded for 10.02 at the closing time. The top price for the day was 10.25 and the lowest listed price was 9.94 . There was no trading activity during the period 0.0. Lack of trading volume on November 29, 2024 did not affect price variability. The overall trading delta against the current closing price is 1.50% . |
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Other Forecasting Options for Enfusion
For every potential investor in Enfusion, whether a beginner or expert, Enfusion's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Enfusion Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Enfusion. Basic forecasting techniques help filter out the noise by identifying Enfusion's price trends.View Enfusion Related Equities
| Risk & Return | Correlation |
Enfusion Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Enfusion's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Enfusion's current price.| Cycle Indicators | ||
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Enfusion Market Strength Events
Market strength indicators help investors to evaluate how Enfusion stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Enfusion shares will generate the highest return on investment. By undertsting and applying Enfusion stock market strength indicators, traders can identify Enfusion entry and exit signals to maximize returns.
Enfusion Risk Indicators
The analysis of Enfusion's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Enfusion's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting enfusion stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 1.63 | |||
| Semi Deviation | 1.58 | |||
| Standard Deviation | 2.05 | |||
| Variance | 4.18 | |||
| Downside Variance | 3.08 | |||
| Semi Variance | 2.48 | |||
| Expected Short fall | (1.95) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Pair Trading with Enfusion
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Enfusion position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Enfusion will appreciate offsetting losses from the drop in the long position's value.Moving together with Enfusion Stock
| 0.67 | U | Unity Software Aggressive Push | PairCorr |
| 0.71 | DJCO | Daily Journal Corp | PairCorr |
| 0.77 | AI | C3 Ai Inc Earnings Call This Week | PairCorr |
| 0.81 | BL | Blackline | PairCorr |
| 0.62 | DT | Dynatrace Holdings LLC | PairCorr |
Moving against Enfusion Stock
The ability to find closely correlated positions to Enfusion could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Enfusion when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Enfusion - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Enfusion to buy it.
The correlation of Enfusion is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Enfusion moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Enfusion moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Enfusion can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Historical Fundamental Analysis of Enfusion to cross-verify your projections. To learn how to invest in Enfusion Stock, please use our How to Invest in Enfusion guide.You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Is Application Software space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Enfusion. If investors know Enfusion will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Enfusion listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.27) | Earnings Share 0.04 | Revenue Per Share 2.155 | Quarterly Revenue Growth 0.154 | Return On Assets 0.0592 |
The market value of Enfusion is measured differently than its book value, which is the value of Enfusion that is recorded on the company's balance sheet. Investors also form their own opinion of Enfusion's value that differs from its market value or its book value, called intrinsic value, which is Enfusion'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 Enfusion's market value can be influenced by many factors that don't directly affect Enfusion'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 Enfusion's value and its price as these two are different measures arrived at by different means. Investors typically determine if Enfusion is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Enfusion'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.