Enzolytics Stock Market Value
| ENZC Stock | USD 0.0009 0.0001 10.00% |
| Symbol | Enzolytics |
Enzolytics '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 Enzolytics' pink sheet 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 Enzolytics.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in Enzolytics on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding Enzolytics or generate 0.0% return on investment in Enzolytics over 30 days. Enzolytics is related to or competes with Adagene. Enzolytics, Inc., a drug development company, focuses to the commercialization of its proprietary proteins for the treat... More
Enzolytics 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 Enzolytics' pink sheet 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 Enzolytics upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.21) | |||
| Maximum Drawdown | 28.75 | |||
| Value At Risk | (14.29) | |||
| Potential Upside | 11.11 |
Enzolytics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Enzolytics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Enzolytics' standard deviation. In reality, there are many statistical measures that can use Enzolytics historical prices to predict the future Enzolytics' volatility.| Risk Adjusted Performance | (0.14) | |||
| Jensen Alpha | (1.48) | |||
| Total Risk Alpha | (2.37) | |||
| Treynor Ratio | (1.61) |
Enzolytics Backtested Returns
Enzolytics secures Sharpe Ratio (or Efficiency) of -0.16, which denotes the company had a -0.16% return per unit of risk over the last 3 months. Enzolytics exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Enzolytics' Mean Deviation of 5.85, standard deviation of 7.23, and Variance of 52.25 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.87, which means possible diversification benefits within a given portfolio. Enzolytics returns are very sensitive to returns on the market. As the market goes up or down, Enzolytics is expected to follow. At this point, Enzolytics has a negative expected return of -1.13%. Please make sure to confirm Enzolytics' accumulation distribution, as well as the relationship between the day typical price and relative strength index , to decide if Enzolytics performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.20 |
Weak predictability
Enzolytics has weak predictability. Overlapping area represents the amount of predictability between Enzolytics time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 to 4th 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 Enzolytics price movement. The serial correlation of 0.2 indicates that over 20.0% of current Enzolytics price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.2 | |
| Spearman Rank Test | 0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Enzolytics lagged returns against current returns
Autocorrelation, which is Enzolytics pink sheet'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 Enzolytics' pink sheet expected returns. We can calculate the autocorrelation of Enzolytics returns to help us make a trade decision. For example, suppose you find that Enzolytics has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Enzolytics 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 Enzolytics pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Enzolytics pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Enzolytics pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Enzolytics Lagged Returns
When evaluating Enzolytics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Enzolytics pink sheet have on its future price. Enzolytics 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, Enzolytics autocorrelation shows the relationship between Enzolytics pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Enzolytics.
Regressed Prices |
| Timeline |
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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 Enzolytics Pink Sheet
Enzolytics financial ratios help investors to determine whether Enzolytics Pink Sheet 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 Enzolytics with respect to the benefits of owning Enzolytics security.