Enento Group (Finland) Market Value
| ENENTO Stock | EUR 17.12 0.12 0.71% |
| Symbol | Enento |
Enento Group '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 Enento Group'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 Enento Group.
| 01/12/2022 |
| 12/27/2024 |
If you would invest 0.00 in Enento Group on January 12, 2022 and sell it all today you would earn a total of 0.00 from holding Enento Group Plc or generate 0.0% return on investment in Enento Group over 1080 days. Enento Group is related to or competes with Tokmanni Group, Konecranes Plc, Lassila Tikanoja, Metsa Board, and Terveystalo. Enento Group Oyj, through its subsidiaries, provides digital business and consumer information services in Finland More
Enento Group 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 Enento Group'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 Enento Group Plc upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 7.13 | |||
| Value At Risk | (2.25) | |||
| Potential Upside | 2.85 |
Enento Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Enento Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Enento Group's standard deviation. In reality, there are many statistical measures that can use Enento Group historical prices to predict the future Enento Group's volatility.| Risk Adjusted Performance | (0.1) | |||
| Jensen Alpha | (0.20) | |||
| Total Risk Alpha | (0.24) | |||
| Treynor Ratio | 2.85 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Enento Group'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.
Enento Group Plc Backtested Returns
Enento Group Plc secures Sharpe Ratio (or Efficiency) of -0.0984, which denotes the company had a -0.0984% return per unit of risk over the last 3 months. Enento Group Plc exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Enento Group's Standard Deviation of 1.48, mean deviation of 1.12, and Variance of 2.2 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.0697, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Enento Group are expected to decrease at a much lower rate. During the bear market, Enento Group is likely to outperform the market. At this point, Enento Group Plc has a negative expected return of -0.15%. Please make sure to confirm Enento Group's total risk alpha, as well as the relationship between the kurtosis and day typical price , to decide if Enento Group Plc performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.77 |
Good predictability
Enento Group Plc has good predictability. Overlapping area represents the amount of predictability between Enento Group time series from 12th of January 2022 to 6th of July 2023 and 6th of July 2023 to 27th 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 Enento Group Plc price movement. The serial correlation of 0.77 indicates that around 77.0% of current Enento Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.77 | |
| Spearman Rank Test | 0.61 | |
| Residual Average | 0.0 | |
| Price Variance | 3.31 |
Enento Group Plc lagged returns against current returns
Autocorrelation, which is Enento Group 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 Enento Group's stock expected returns. We can calculate the autocorrelation of Enento Group returns to help us make a trade decision. For example, suppose you find that Enento Group 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 |
Enento Group 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 Enento Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Enento Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Enento Group stock over time.
Current vs Lagged Prices |
| Timeline |
Enento Group Lagged Returns
When evaluating Enento Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Enento Group stock have on its future price. Enento Group 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, Enento Group autocorrelation shows the relationship between Enento Group stock current value and its past values and can show if there is a momentum factor associated with investing in Enento Group Plc.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Enento Stock
Enento Group financial ratios help investors to determine whether Enento 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 Enento with respect to the benefits of owning Enento Group security.