EnLink Midstream Partners Market Value
| 29336UAF4 | 97.86 2.10 2.10% |
| Symbol | EnLink |
EnLink '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 EnLink'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 EnLink.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in EnLink on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding EnLink Midstream Partners or generate 0.0% return on investment in EnLink over 30 days. EnLink is related to or competes with Air Products, Doubledown Interactive, Sealed Air, Hawkins, Mativ Holdings, Ecovyst, and CF Industries. More
EnLink 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 EnLink'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 EnLink Midstream Partners upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 8.39 | |||
| Value At Risk | (1.96) | |||
| Potential Upside | 2.76 |
EnLink Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for EnLink's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as EnLink's standard deviation. In reality, there are many statistical measures that can use EnLink historical prices to predict the future EnLink's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.26) | |||
| Treynor Ratio | 0.2253 |
EnLink Midstream Partners Backtested Returns
EnLink Midstream Partners secures Sharpe Ratio (or Efficiency) of -0.11, which denotes the bond had a -0.11% return per unit of risk over the last 3 months. EnLink Midstream Partners exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm EnLink's Mean Deviation of 0.614, standard deviation of 1.33, and Coefficient Of Variation of (4,739) to check the risk estimate we provide. The bond shows a Beta (market volatility) of -0.17, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning EnLink are expected to decrease at a much lower rate. During the bear market, EnLink is likely to outperform the market.
Auto-correlation | -0.71 |
Almost perfect reverse predictability
EnLink Midstream Partners has almost perfect reverse predictability. Overlapping area represents the amount of predictability between EnLink time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st 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 EnLink Midstream Partners price movement. The serial correlation of -0.71 indicates that around 71.0% of current EnLink price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.71 | |
| Spearman Rank Test | 0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 0.48 |
EnLink Midstream Partners lagged returns against current returns
Autocorrelation, which is EnLink 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 EnLink's bond expected returns. We can calculate the autocorrelation of EnLink returns to help us make a trade decision. For example, suppose you find that EnLink 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 |
EnLink 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 EnLink bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if EnLink bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in EnLink bond over time.
Current vs Lagged Prices |
| Timeline |
EnLink Lagged Returns
When evaluating EnLink's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of EnLink bond have on its future price. EnLink 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, EnLink autocorrelation shows the relationship between EnLink bond current value and its past values and can show if there is a momentum factor associated with investing in EnLink Midstream Partners.
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 EnLink Bond
EnLink financial ratios help investors to determine whether EnLink 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 EnLink with respect to the benefits of owning EnLink security.