Enterprise Group Stock Market Value
| E Stock | CAD 1.82 0.03 1.68% |
| Symbol | Eni |
Enterprise Group Price To Book Ratio
Eni SPA '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 Eni SPA'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 Eni SPA.
| 10/27/2023 |
| 12/20/2024 |
If you would invest 0.00 in Eni SPA on October 27, 2023 and sell it all today you would earn a total of 0.00 from holding Enterprise Group or generate 0.0% return on investment in Eni SPA over 420 days. Eni SPA is related to or competes with High Arctic, Mccoy Global, and Bri Chem. Enterprise Group, Inc. operates as an equipment rental and construction services company in the energy and construction ... More
Eni SPA 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 Eni SPA'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 Enterprise Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.94 | |||
| Information Ratio | 0.1431 | |||
| Maximum Drawdown | 63.1 | |||
| Value At Risk | (5.06) | |||
| Potential Upside | 9.74 |
Eni SPA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Eni SPA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Eni SPA's standard deviation. In reality, there are many statistical measures that can use Eni SPA historical prices to predict the future Eni SPA's volatility.| Risk Adjusted Performance | 0.1254 | |||
| Jensen Alpha | 1.23 | |||
| Total Risk Alpha | 1.0 | |||
| Sortino Ratio | 0.2472 | |||
| Treynor Ratio | 3.04 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Eni SPA'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.
Enterprise Group Backtested Returns
Eni SPA is extremely dangerous given 3 months investment horizon. Enterprise Group secures Sharpe Ratio (or Efficiency) of 0.14, which denotes the company had a 0.14% return per unit of risk over the last 3 months. We were able to interpolate and analyze data for twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.23% are justified by taking the suggested risk. Use Eni SPA Coefficient Of Variation of 681.09, mean deviation of 4.84, and Downside Deviation of 4.94 to evaluate company specific risk that cannot be diversified away. Eni SPA holds a performance score of 11 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of 0.41, which means possible diversification benefits within a given portfolio. As returns on the market increase, Eni SPA's returns are expected to increase less than the market. However, during the bear market, the loss of holding Eni SPA is expected to be smaller as well. Use Eni SPA semi variance, and the relationship between the maximum drawdown and accumulation distribution , to analyze future returns on Eni SPA.
Auto-correlation | 0.69 |
Good predictability
Enterprise Group has good predictability. Overlapping area represents the amount of predictability between Eni SPA time series from 27th of October 2023 to 24th of May 2024 and 24th of May 2024 to 20th 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 Enterprise Group price movement. The serial correlation of 0.69 indicates that around 69.0% of current Eni SPA price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.69 | |
| Spearman Rank Test | 0.87 | |
| Residual Average | 0.0 | |
| Price Variance | 0.27 |
Enterprise Group lagged returns against current returns
Autocorrelation, which is Eni SPA 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 Eni SPA's stock expected returns. We can calculate the autocorrelation of Eni SPA returns to help us make a trade decision. For example, suppose you find that Eni SPA 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 |
Eni SPA 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 Eni SPA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Eni SPA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Eni SPA stock over time.
Current vs Lagged Prices |
| Timeline |
Eni SPA Lagged Returns
When evaluating Eni SPA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Eni SPA stock have on its future price. Eni SPA 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, Eni SPA autocorrelation shows the relationship between Eni SPA stock current value and its past values and can show if there is a momentum factor associated with investing in Enterprise Group.
Regressed Prices |
| Timeline |
Other Information on Investing in Eni Stock
Eni SPA financial ratios help investors to determine whether Eni 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 Eni with respect to the benefits of owning Eni SPA security.