Enlight Renewable Energy Stock Market Value
| ENLT Stock | 16.84 0.74 4.60% |
| Symbol | Enlight |
Enlight Renewable Energy Price To Book Ratio
Is Independent Power and Renewable Electricity Producers 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 Enlight Renewable. If investors know Enlight 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 Enlight Renewable 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 (0.50) | Earnings Share 0.44 | Revenue Per Share 2.604 | Quarterly Revenue Growth 0.611 | Return On Assets 0.017 |
The market value of Enlight Renewable Energy is measured differently than its book value, which is the value of Enlight that is recorded on the company's balance sheet. Investors also form their own opinion of Enlight Renewable's value that differs from its market value or its book value, called intrinsic value, which is Enlight Renewable'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 Enlight Renewable's market value can be influenced by many factors that don't directly affect Enlight Renewable'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 Enlight Renewable's value and its price as these two are different measures arrived at by different means. Investors typically determine if Enlight Renewable is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Enlight Renewable'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.
Enlight Renewable '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 Enlight Renewable'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 Enlight Renewable.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Enlight Renewable on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Enlight Renewable Energy or generate 0.0% return on investment in Enlight Renewable over 30 days. Enlight Renewable is related to or competes with Verde Clean, Eco Wave, Fluence Energy, and Advent Technologies. Enlight Renewable is entity of United States More
Enlight Renewable 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 Enlight Renewable'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 Enlight Renewable Energy upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.44 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 13.41 | |||
| Value At Risk | (5.21) | |||
| Potential Upside | 4.64 |
Enlight Renewable Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Enlight Renewable's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Enlight Renewable's standard deviation. In reality, there are many statistical measures that can use Enlight Renewable historical prices to predict the future Enlight Renewable's volatility.| Risk Adjusted Performance | 0.012 | |||
| Jensen Alpha | 0.0391 | |||
| Total Risk Alpha | (0.41) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | (0.03) |
Enlight Renewable Energy Backtested Returns
Currently, Enlight Renewable Energy is not too volatile. Enlight Renewable Energy secures Sharpe Ratio (or Efficiency) of 0.0205, which denotes the company had a 0.0205% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Enlight Renewable Energy, which you can use to evaluate the volatility of the firm. Please confirm Enlight Renewable's Downside Deviation of 3.44, mean deviation of 2.07, and Coefficient Of Variation of 15983.21 to check if the risk estimate we provide is consistent with the expected return of 0.0554%. Enlight Renewable has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.28, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Enlight Renewable are expected to decrease at a much lower rate. During the bear market, Enlight Renewable is likely to outperform the market. Enlight Renewable Energy right now shows a risk of 2.71%. Please confirm Enlight Renewable Energy downside variance, and the relationship between the sortino ratio and accumulation distribution , to decide if Enlight Renewable Energy will be following its price patterns.
Auto-correlation | 0.42 |
Average predictability
Enlight Renewable Energy has average predictability. Overlapping area represents the amount of predictability between Enlight Renewable time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th of November 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 Enlight Renewable Energy price movement. The serial correlation of 0.42 indicates that just about 42.0% of current Enlight Renewable price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.42 | |
| Spearman Rank Test | 0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Enlight Renewable Energy lagged returns against current returns
Autocorrelation, which is Enlight Renewable 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 Enlight Renewable's stock expected returns. We can calculate the autocorrelation of Enlight Renewable returns to help us make a trade decision. For example, suppose you find that Enlight Renewable 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 |
Enlight Renewable 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 Enlight Renewable stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Enlight Renewable stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Enlight Renewable stock over time.
Current vs Lagged Prices |
| Timeline |
Enlight Renewable Lagged Returns
When evaluating Enlight Renewable's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Enlight Renewable stock have on its future price. Enlight Renewable 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, Enlight Renewable autocorrelation shows the relationship between Enlight Renewable stock current value and its past values and can show if there is a momentum factor associated with investing in Enlight Renewable Energy.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Enlight Stock Analysis
When running Enlight Renewable's price analysis, check to measure Enlight Renewable's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Enlight Renewable is operating at the current time. Most of Enlight Renewable's value examination focuses on studying past and present price action to predict the probability of Enlight Renewable's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Enlight Renewable's price. Additionally, you may evaluate how the addition of Enlight Renewable to your portfolios can decrease your overall portfolio volatility.