Entergy Stock Market Value
| ETR Stock | USD 156.40 0.47 0.30% |
| Symbol | Entergy |
Entergy Price To Book Ratio
Is Electric Utilities 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 Entergy. If investors know Entergy 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 Entergy 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 (0.05) | Dividend Share 4.52 | Earnings Share 8.23 | Revenue Per Share 55.639 | Quarterly Revenue Growth (0.06) |
The market value of Entergy is measured differently than its book value, which is the value of Entergy that is recorded on the company's balance sheet. Investors also form their own opinion of Entergy's value that differs from its market value or its book value, called intrinsic value, which is Entergy'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 Entergy's market value can be influenced by many factors that don't directly affect Entergy'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 Entergy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Entergy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Entergy'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.
Entergy '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 Entergy'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 Entergy.
| 09/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Entergy on September 30, 2024 and sell it all today you would earn a total of 0.00 from holding Entergy or generate 0.0% return on investment in Entergy over 60 days. Entergy is related to or competes with CMS Energy, Alliant Energy, Evergy,, Ameren Corp, Exelon, American Electric, and PPL. Entergy Corporation, together with its subsidiaries, engages in the production and retail distribution of electricity in... More
Entergy 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 Entergy'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 Entergy upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.53 | |||
| Information Ratio | 0.1468 | |||
| Maximum Drawdown | 21.62 | |||
| Value At Risk | (1.52) | |||
| Potential Upside | 2.25 |
Entergy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Entergy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Entergy's standard deviation. In reality, there are many statistical measures that can use Entergy historical prices to predict the future Entergy's volatility.| Risk Adjusted Performance | 0.1626 | |||
| Jensen Alpha | 0.4681 | |||
| Total Risk Alpha | 0.107 | |||
| Sortino Ratio | 0.2118 | |||
| Treynor Ratio | (1.73) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Entergy's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Entergy Backtested Returns
Entergy appears to be very steady, given 3 months investment horizon. Entergy secures Sharpe Ratio (or Efficiency) of 0.19, which denotes the company had a 0.19% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Entergy, which you can use to evaluate the volatility of the firm. Please utilize Entergy's Coefficient Of Variation of 491.05, mean deviation of 0.9968, and Downside Deviation of 1.53 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Entergy holds a performance score of 14. The firm shows a Beta (market volatility) of -0.25, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Entergy are expected to decrease at a much lower rate. During the bear market, Entergy is likely to outperform the market. Please check Entergy's value at risk, as well as the relationship between the skewness and day median price , to make a quick decision on whether Entergy's price patterns will revert.
Auto-correlation | 0.53 |
Modest predictability
Entergy has modest predictability. Overlapping area represents the amount of predictability between Entergy time series from 30th of September 2024 to 30th of October 2024 and 30th of October 2024 to 29th 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 Entergy price movement. The serial correlation of 0.53 indicates that about 53.0% of current Entergy price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.53 | |
| Spearman Rank Test | 0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 27.09 |
Entergy lagged returns against current returns
Autocorrelation, which is Entergy 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 Entergy's stock expected returns. We can calculate the autocorrelation of Entergy returns to help us make a trade decision. For example, suppose you find that Entergy 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 |
Entergy 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 Entergy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Entergy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Entergy stock over time.
Current vs Lagged Prices |
| Timeline |
Entergy Lagged Returns
When evaluating Entergy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Entergy stock have on its future price. Entergy 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, Entergy autocorrelation shows the relationship between Entergy stock current value and its past values and can show if there is a momentum factor associated with investing in Entergy.
Regressed Prices |
| Timeline |
Pair Trading with Entergy
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 Entergy 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 Entergy will appreciate offsetting losses from the drop in the long position's value.Moving against Entergy Stock
| 0.92 | EBR | Centrais Electricas | PairCorr |
| 0.74 | ES | Eversource Energy | PairCorr |
| 0.74 | FE | FirstEnergy | PairCorr |
| 0.58 | AEP | American Electric Power | PairCorr |
| 0.55 | ED | Consolidated Edison Sell-off Trend | PairCorr |
The ability to find closely correlated positions to Entergy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Entergy 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 Entergy - 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 Entergy to buy it.
The correlation of Entergy 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 Entergy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Entergy 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 Entergy 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 Entergy Stock Analysis
When running Entergy's price analysis, check to measure Entergy'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 Entergy is operating at the current time. Most of Entergy's value examination focuses on studying past and present price action to predict the probability of Entergy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Entergy's price. Additionally, you may evaluate how the addition of Entergy to your portfolios can decrease your overall portfolio volatility.