ENTERGY (Germany) Market Value
| ETY Stock | EUR 69.50 1.00 1.42% |
| Symbol | ENTERGY |
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.
| 11/15/2024 |
| 12/15/2024 |
If you would invest 0.00 in ENTERGY on November 15, 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 30 days. ENTERGY is related to or competes with Molson Coors, China BlueChemical, SCANSOURCE, ScanSource, and Silicon Motion. 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 | 2.03 | |||
| Information Ratio | 0.1187 | |||
| Maximum Drawdown | 22.67 | |||
| Value At Risk | (1.74) | |||
| Potential Upside | 2.73 |
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 | 0.1221 | |||
| Jensen Alpha | 0.2819 | |||
| Total Risk Alpha | 0.0761 | |||
| Sortino Ratio | 0.1464 | |||
| Treynor Ratio | 0.3304 |
ENTERGY Backtested Returns
ENTERGY appears to be very steady, given 3 months investment horizon. ENTERGY secures Sharpe Ratio (or Efficiency) of 0.14, which denotes the company had a 0.14% return per unit of volatility over the last 3 months. We have found twenty-seven technical indicators for ENTERGY, which you can use to evaluate the volatility of the firm. Please utilize ENTERGY's Downside Deviation of 2.03, mean deviation of 1.37, and Market Risk Adjusted Performance of 0.3404 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, ENTERGY holds a performance score of 11. The firm shows a Beta (market volatility) of 1.17, which means a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, ENTERGY will likely underperform. Please check ENTERGY's potential upside, skewness, and the relationship between the maximum drawdown and semi variance , to make a quick decision on whether ENTERGY's price patterns will revert.
Auto-correlation | -0.91 |
Near perfect reversele predictability
ENTERGY has near perfect reversele predictability. Overlapping area represents the amount of predictability between ENTERGY time series from 15th of November 2024 to 30th of November 2024 and 30th of November 2024 to 15th 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 ENTERGY price movement. The serial correlation of -0.91 indicates that approximately 91.0% of current ENTERGY price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.91 | |
| Spearman Rank Test | -0.7 | |
| Residual Average | 0.0 | |
| Price Variance | 1.81 |
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 |
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.Additional Information and Resources on Investing in ENTERGY Stock
When determining whether ENTERGY is a strong investment it is important to analyze ENTERGY's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact ENTERGY's future performance. For an informed investment choice regarding ENTERGY Stock, refer to the following important reports:Check out ENTERGY Correlation, ENTERGY Volatility and ENTERGY Alpha and Beta module to complement your research on ENTERGY. For information on how to trade ENTERGY Stock refer to our How to Trade ENTERGY Stock guide.You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
ENTERGY technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.