E Split Corp Preferred Stock Market Value
| ENS-PA Preferred Stock | CAD 11.35 0.19 1.70% |
| Symbol | ENS-PA |
E Split '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 E Split's preferred 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 E Split.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in E Split on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding E Split Corp or generate 0.0% return on investment in E Split over 180 days. E Split is related to or competes with Profound Medical, Capstone Mining, Computer Modelling, Rogers Communications, Verizon Communications, Nicola Mining, and Monument Mining. More
E Split 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 E Split's preferred 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 E Split Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5592 | |||
| Information Ratio | 0.0297 | |||
| Maximum Drawdown | 3.4 | |||
| Value At Risk | (0.90) | |||
| Potential Upside | 1.1 |
E Split Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for E Split's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as E Split's standard deviation. In reality, there are many statistical measures that can use E Split historical prices to predict the future E Split's volatility.| Risk Adjusted Performance | 0.1853 | |||
| Jensen Alpha | 0.1473 | |||
| Total Risk Alpha | 0.0399 | |||
| Sortino Ratio | 0.0339 | |||
| Treynor Ratio | (27.66) |
E Split Corp Backtested Returns
At this point, E Split is very steady. E Split Corp secures Sharpe Ratio (or Efficiency) of 0.23, which denotes the company had a 0.23% return per unit of volatility over the last 3 months. We have found twenty-nine technical indicators for E Split Corp, which you can use to evaluate the volatility of the entity. Please confirm E Split's Downside Deviation of 0.5592, market risk adjusted performance of (27.65), and Mean Deviation of 0.4493 to check if the risk estimate we provide is consistent with the expected return of 0.14%. E Split has a performance score of 18 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.0053, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning E Split are expected to decrease at a much lower rate. During the bear market, E Split is likely to outperform the market. E Split Corp today shows a risk of 0.59%. Please confirm E Split Corp expected short fall, day median price, and the relationship between the potential upside and accumulation distribution , to decide if E Split Corp will be following its price patterns.
Auto-correlation | 0.72 |
Good predictability
E Split Corp has good predictability. Overlapping area represents the amount of predictability between E Split time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 2024 to 30th 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 E Split Corp price movement. The serial correlation of 0.72 indicates that around 72.0% of current E Split price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.72 | |
| Spearman Rank Test | 0.79 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
E Split Corp lagged returns against current returns
Autocorrelation, which is E Split preferred 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 E Split's preferred stock expected returns. We can calculate the autocorrelation of E Split returns to help us make a trade decision. For example, suppose you find that E Split has exhibited high autocorrelation historically, and you observe that the preferred 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 |
E Split 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 E Split preferred stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if E Split preferred stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in E Split preferred stock over time.
Current vs Lagged Prices |
| Timeline |
E Split Lagged Returns
When evaluating E Split's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of E Split preferred stock have on its future price. E Split 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, E Split autocorrelation shows the relationship between E Split preferred stock current value and its past values and can show if there is a momentum factor associated with investing in E Split Corp.
Regressed Prices |
| Timeline |
Pair Trading with E Split
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 E Split 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 E Split will appreciate offsetting losses from the drop in the long position's value.Moving together with ENS-PA Preferred Stock
Moving against ENS-PA Preferred Stock
The ability to find closely correlated positions to E Split could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace E Split 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 E Split - 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 E Split Corp to buy it.
The correlation of E Split 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 E Split moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if E Split Corp 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 E Split 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.Other Information on Investing in ENS-PA Preferred Stock
E Split financial ratios help investors to determine whether ENS-PA Preferred 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 ENS-PA with respect to the benefits of owning E Split security.