El Paso Energy Preferred Stock Market Value
| EP-PC Preferred Stock | USD 47.72 0.19 0.40% |
| Symbol | EP-PC |
El Paso '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 El Paso'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 El Paso.
| 01/09/2023 |
| 12/29/2024 |
If you would invest 0.00 in El Paso on January 9, 2023 and sell it all today you would earn a total of 0.00 from holding El Paso Energy or generate 0.0% return on investment in El Paso over 720 days. El Paso is related to or competes with Dynagas LNG, GasLog Partners, Morningstar Unconstrained, Thrivent High, Via Renewables, T Rowe, and 70082LAB3. More
El Paso 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 El Paso'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 El Paso Energy upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 2.79 | |||
| Value At Risk | (0.76) | |||
| Potential Upside | 0.5445 |
El Paso Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for El Paso's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as El Paso's standard deviation. In reality, there are many statistical measures that can use El Paso historical prices to predict the future El Paso's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.03) | |||
| Treynor Ratio | 1.17 |
El Paso Energy Backtested Returns
El Paso Energy retains Efficiency (Sharpe Ratio) of -9.0E-4, which denotes the company had a -9.0E-4% return per unit of price deviation over the last 3 months. El Paso exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm El Paso's Information Ratio of (0.09), standard deviation of 0.4295, and Market Risk Adjusted Performance of 1.18 to check the risk estimate we provide. The firm owns a Beta (Systematic Risk) of -0.0132, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning El Paso are expected to decrease at a much lower rate. During the bear market, El Paso is likely to outperform the market. At this point, El Paso Energy has a negative expected return of -4.0E-4%. Please make sure to confirm El Paso's total risk alpha, potential upside, and the relationship between the standard deviation and maximum drawdown , to decide if El Paso Energy performance from the past will be repeated in the future.
Auto-correlation | 0.73 |
Good predictability
El Paso Energy has good predictability. Overlapping area represents the amount of predictability between El Paso time series from 9th of January 2023 to 4th of January 2024 and 4th of January 2024 to 29th 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 El Paso Energy price movement. The serial correlation of 0.73 indicates that around 73.0% of current El Paso price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.73 | |
| Spearman Rank Test | 0.79 | |
| Residual Average | 0.0 | |
| Price Variance | 1.42 |
El Paso Energy lagged returns against current returns
Autocorrelation, which is El Paso 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 El Paso's preferred stock expected returns. We can calculate the autocorrelation of El Paso returns to help us make a trade decision. For example, suppose you find that El Paso 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 |
El Paso 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 El Paso preferred stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if El Paso preferred stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in El Paso preferred stock over time.
Current vs Lagged Prices |
| Timeline |
El Paso Lagged Returns
When evaluating El Paso's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of El Paso preferred stock have on its future price. El Paso 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, El Paso autocorrelation shows the relationship between El Paso preferred stock current value and its past values and can show if there is a momentum factor associated with investing in El Paso Energy.
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 EP-PC Preferred Stock
El Paso financial ratios help investors to determine whether EP-PC 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 EP-PC with respect to the benefits of owning El Paso security.