Enstar Group Limited Stock Market Value
| ESGR Stock | USD 325.35 0.45 0.14% |
| Symbol | Enstar |
Enstar Group Limited Price To Book Ratio
Is Reinsurance 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 Enstar Group. If investors know Enstar 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 Enstar Group 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 3.049 | Earnings Share 64.57 | Revenue Per Share 72.82 | Quarterly Revenue Growth 1.627 | Return On Assets 0.0213 |
The market value of Enstar Group Limited is measured differently than its book value, which is the value of Enstar that is recorded on the company's balance sheet. Investors also form their own opinion of Enstar Group's value that differs from its market value or its book value, called intrinsic value, which is Enstar Group'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 Enstar Group's market value can be influenced by many factors that don't directly affect Enstar Group'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 Enstar Group's value and its price as these two are different measures arrived at by different means. Investors typically determine if Enstar Group is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Enstar Group'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.
Enstar 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 Enstar 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 Enstar Group.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Enstar Group on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Enstar Group Limited or generate 0.0% return on investment in Enstar Group over 30 days. Enstar Group is related to or competes with Global Indemnity, Erie Indemnity, AMERISAFE, and Diamond Hill. Enstar Group Limited acquires and manages insurance and reinsurance companies, and portfolios of insurance and reinsuran... More
Enstar 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 Enstar 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 Enstar Group Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.35) | |||
| Maximum Drawdown | 1.81 | |||
| Value At Risk | (0.82) | |||
| Potential Upside | 0.6271 |
Enstar Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Enstar Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Enstar Group's standard deviation. In reality, there are many statistical measures that can use Enstar Group historical prices to predict the future Enstar Group's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.07) | |||
| Treynor Ratio | (0.06) |
Enstar Group Limited Backtested Returns
Enstar Group Limited secures Sharpe Ratio (or Efficiency) of -0.0067, which denotes the company had a -0.0067% return per unit of risk over the last 3 months. Enstar Group Limited exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Enstar Group's Standard Deviation of 0.3663, variance of 0.1342, and Mean Deviation of 0.2595 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.22, which means not very significant fluctuations relative to the market. As returns on the market increase, Enstar Group's returns are expected to increase less than the market. However, during the bear market, the loss of holding Enstar Group is expected to be smaller as well. At this point, Enstar Group Limited has a negative expected return of -0.0025%. Please make sure to confirm Enstar Group's treynor ratio, kurtosis, as well as the relationship between the Kurtosis and day typical price , to decide if Enstar Group Limited performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.19 |
Very weak predictability
Enstar Group Limited has very weak predictability. Overlapping area represents the amount of predictability between Enstar Group time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 Enstar Group Limited price movement. The serial correlation of 0.19 indicates that over 19.0% of current Enstar Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.19 | |
| Spearman Rank Test | 0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 0.67 |
Enstar Group Limited lagged returns against current returns
Autocorrelation, which is Enstar 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 Enstar Group's stock expected returns. We can calculate the autocorrelation of Enstar Group returns to help us make a trade decision. For example, suppose you find that Enstar 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 |
Enstar 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 Enstar Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Enstar Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Enstar Group stock over time.
Current vs Lagged Prices |
| Timeline |
Enstar Group Lagged Returns
When evaluating Enstar Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Enstar Group stock have on its future price. Enstar 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, Enstar Group autocorrelation shows the relationship between Enstar Group stock current value and its past values and can show if there is a momentum factor associated with investing in Enstar Group Limited.
Regressed Prices |
| Timeline |
Pair Trading with Enstar Group
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 Enstar Group 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 Enstar Group will appreciate offsetting losses from the drop in the long position's value.Moving together with Enstar Stock
Moving against Enstar Stock
| 0.64 | EQH-PC | Equitable Holdings | PairCorr |
| 0.61 | EQH-PA | Equitable Holdings | PairCorr |
| 0.46 | ACGL | Arch Capital Group | PairCorr |
| 0.35 | ACGLO | Arch Capital Group | PairCorr |
The ability to find closely correlated positions to Enstar Group could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Enstar Group 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 Enstar Group - 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 Enstar Group Limited to buy it.
The correlation of Enstar Group 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 Enstar Group moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Enstar Group Limited 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 Enstar Group 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.Additional Tools for Enstar Stock Analysis
When running Enstar Group's price analysis, check to measure Enstar Group'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 Enstar Group is operating at the current time. Most of Enstar Group's value examination focuses on studying past and present price action to predict the probability of Enstar Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Enstar Group's price. Additionally, you may evaluate how the addition of Enstar Group to your portfolios can decrease your overall portfolio volatility.