Enstar Group Limited Preferred Stock Market Value
| ESGRO Preferred Stock | USD 20.42 0.19 0.94% |
| Symbol | Enstar |
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 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 Enstar Group.
| 12/14/2022 |
| 12/03/2024 |
If you would invest 0.00 in Enstar Group on December 14, 2022 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 720 days. Enstar Group is related to or competes with Equitable Holdings, Athene Holding, MetLife Preferred, Bank of America, and Bank of America. 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 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 Enstar Group Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 5.44 | |||
| Value At Risk | (1.68) | |||
| Potential Upside | 1.24 |
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 | 0.002 | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.19) | |||
| Treynor Ratio | (0.05) |
Enstar Group Limited Backtested Returns
As of now, Enstar Preferred Stock is very steady. Enstar Group Limited secures Sharpe Ratio (or Efficiency) of 0.084, which denotes the company had a 0.084% return per unit of risk over the last 3 months. We have found twenty-four technical indicators for Enstar Group Limited, which you can use to evaluate the volatility of the firm. Please confirm Enstar Group's Variance of 1.35, standard deviation of 1.16, and Mean Deviation of 0.8313 to check if the risk estimate we provide is consistent with the expected return of 0.0842%. Enstar Group has a performance score of 6 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.24, 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. Enstar Group Limited right now shows a risk of 1.0%. Please confirm Enstar Group Limited treynor ratio, kurtosis, as well as the relationship between the Kurtosis and day typical price , to decide if Enstar Group Limited will be following its price patterns.
Auto-correlation | -0.37 |
Poor reverse predictability
Enstar Group Limited has poor reverse predictability. Overlapping area represents the amount of predictability between Enstar Group time series from 14th of December 2022 to 9th of December 2023 and 9th of December 2023 to 3rd 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 Enstar Group Limited price movement. The serial correlation of -0.37 indicates that just about 37.0% of current Enstar Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.37 | |
| Spearman Rank Test | -0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 2.48 |
Enstar Group Limited lagged returns against current returns
Autocorrelation, which is Enstar Group 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 Enstar Group's preferred 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 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 |
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 preferred stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Enstar Group preferred 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 preferred 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 preferred 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 preferred 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 Preferred Stock
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.Other Information on Investing in Enstar Preferred Stock
Enstar Group financial ratios help investors to determine whether Enstar 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 Enstar with respect to the benefits of owning Enstar Group security.