ENIIM 425 09 MAY 29 Market Value
| 26874RAJ7 | 89.32 7.70 7.94% |
| Symbol | ENIIM |
Please note, there is a significant difference between ENIIM's value and its price as these two are different measures arrived at by different means. Investors typically determine if ENIIM is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ENIIM'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.
ENIIM '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 ENIIM's bond 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 ENIIM.
| 11/26/2024 |
| 12/26/2024 |
If you would invest 0.00 in ENIIM on November 26, 2024 and sell it all today you would earn a total of 0.00 from holding ENIIM 425 09 MAY 29 or generate 0.0% return on investment in ENIIM over 30 days. ENIIM is related to or competes with Arrow Financial, FlyExclusive,, Papaya Growth, Mill City, CECO Environmental, and Barings BDC. More
ENIIM 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 ENIIM's bond 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 ENIIM 425 09 MAY 29 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 10.0 | |||
| Value At Risk | (0.90) | |||
| Potential Upside | 0.8779 |
ENIIM Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ENIIM's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ENIIM's standard deviation. In reality, there are many statistical measures that can use ENIIM historical prices to predict the future ENIIM's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.10) | |||
| Total Risk Alpha | (0.18) | |||
| Treynor Ratio | 0.384 |
ENIIM 425 09 Backtested Returns
ENIIM 425 09 secures Sharpe Ratio (or Efficiency) of -0.25, which denotes the bond had a -0.25% return per unit of return volatility over the last 3 months. ENIIM 425 09 MAY 29 exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm ENIIM's standard deviation of 1.5, and Mean Deviation of 0.6447 to check the risk estimate we provide. The bond shows a Beta (market volatility) of -0.3, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning ENIIM are expected to decrease at a much lower rate. During the bear market, ENIIM is likely to outperform the market.
Auto-correlation | -0.3 |
Weak reverse predictability
ENIIM 425 09 MAY 29 has weak reverse predictability. Overlapping area represents the amount of predictability between ENIIM time series from 26th of November 2024 to 11th of December 2024 and 11th of December 2024 to 26th 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 ENIIM 425 09 price movement. The serial correlation of -0.3 indicates that nearly 30.0% of current ENIIM price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.3 | |
| Spearman Rank Test | -0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 8.37 |
ENIIM 425 09 lagged returns against current returns
Autocorrelation, which is ENIIM bond'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 ENIIM's bond expected returns. We can calculate the autocorrelation of ENIIM returns to help us make a trade decision. For example, suppose you find that ENIIM has exhibited high autocorrelation historically, and you observe that the bond 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 |
ENIIM 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 ENIIM bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ENIIM bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ENIIM bond over time.
Current vs Lagged Prices |
| Timeline |
ENIIM Lagged Returns
When evaluating ENIIM's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ENIIM bond have on its future price. ENIIM 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, ENIIM autocorrelation shows the relationship between ENIIM bond current value and its past values and can show if there is a momentum factor associated with investing in ENIIM 425 09 MAY 29.
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 ENIIM Bond
ENIIM financial ratios help investors to determine whether ENIIM Bond 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 ENIIM with respect to the benefits of owning ENIIM security.