Entergy Mississippi Llc Stock Market Value
| EMP Stock | USD 22.04 0.06 0.27% |
| Symbol | Entergy |
Entergy Mississippi LLC Price To Book Ratio
Is Entergy Mississippi's industry 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 Mississippi. 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 Mississippi listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Entergy Mississippi LLC 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 Mississippi's value that differs from its market value or its book value, called intrinsic value, which is Entergy Mississippi'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 Mississippi's market value can be influenced by many factors that don't directly affect Entergy Mississippi'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 Mississippi's value and its price as these two are different measures arrived at by different means. Investors typically determine if Entergy Mississippi is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Entergy Mississippi'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 Mississippi '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 Mississippi'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 Mississippi.
| 03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in Entergy Mississippi on March 26, 2024 and sell it all today you would earn a total of 0.00 from holding Entergy Mississippi LLC or generate 0.0% return on investment in Entergy Mississippi over 30 days. Entergy Mississippi is related to or competes with Kontrol Technologies, HUMANA, Barloworld, Morningstar Unconstrained, High Yield, and Thrivent High. Entergy Mississippi, Inc. generates, transmits, and distributes electric power primarily to retail customers in Mississi... More
Entergy Mississippi 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 Mississippi'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 Mississippi LLC upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 4.72 | |||
| Value At Risk | (1.98) | |||
| Potential Upside | 1.07 |
Entergy Mississippi Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Entergy Mississippi's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Entergy Mississippi's standard deviation. In reality, there are many statistical measures that can use Entergy Mississippi historical prices to predict the future Entergy Mississippi's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.10) | |||
| Total Risk Alpha | (0.16) | |||
| Treynor Ratio | (0.07) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Entergy Mississippi'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 Mississippi LLC Backtested Returns
Entergy Mississippi LLC secures Sharpe Ratio (or Efficiency) of -0.11, which denotes the company had a -0.11% return per unit of risk over the last 3 months. Entergy Mississippi LLC exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Entergy Mississippi's Standard Deviation of 0.8295, mean deviation of 0.588, and Variance of 0.688 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.67, which means possible diversification benefits within a given portfolio. As returns on the market increase, Entergy Mississippi's returns are expected to increase less than the market. However, during the bear market, the loss of holding Entergy Mississippi is expected to be smaller as well. Entergy Mississippi LLC has an expected return of -0.0864%. Please make sure to confirm Entergy Mississippi LLC total risk alpha, kurtosis, as well as the relationship between the Kurtosis and price action indicator , to decide if Entergy Mississippi LLC performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.24 |
Weak predictability
Entergy Mississippi LLC has weak predictability. Overlapping area represents the amount of predictability between Entergy Mississippi time series from 26th of March 2024 to 10th of April 2024 and 10th of April 2024 to 25th of April 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 Mississippi LLC price movement. The serial correlation of 0.24 indicates that over 24.0% of current Entergy Mississippi price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.24 | |
| Spearman Rank Test | 0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 0.09 |
Entergy Mississippi LLC lagged returns against current returns
Autocorrelation, which is Entergy Mississippi 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 Mississippi's stock expected returns. We can calculate the autocorrelation of Entergy Mississippi returns to help us make a trade decision. For example, suppose you find that Entergy Mississippi 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 Mississippi 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 Mississippi stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Entergy Mississippi stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Entergy Mississippi stock over time.
Current vs Lagged Prices |
| Timeline |
Entergy Mississippi Lagged Returns
When evaluating Entergy Mississippi's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Entergy Mississippi stock have on its future price. Entergy Mississippi 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 Mississippi autocorrelation shows the relationship between Entergy Mississippi stock current value and its past values and can show if there is a momentum factor associated with investing in Entergy Mississippi LLC.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Entergy Mississippi in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Entergy Mississippi's short interest history, or implied volatility extrapolated from Entergy Mississippi options trading.
Pair Trading with Entergy Mississippi
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 Mississippi 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 Mississippi will appreciate offsetting losses from the drop in the long position's value.Moving together with Entergy Stock
| 0.94 | DUKB | Duke Energy Corp | PairCorr |
| 0.69 | DTW | DTE Energy | PairCorr |
Moving against Entergy Stock
| 0.54 | VVPR | VivoPower International | PairCorr |
| 0.42 | VSTE | Vast Renewables | PairCorr |
The ability to find closely correlated positions to Entergy Mississippi 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 Mississippi 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 Mississippi - 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 Mississippi LLC to buy it.
The correlation of Entergy Mississippi 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 Mississippi moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Entergy Mississippi LLC 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 Mississippi 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.Check out Entergy Mississippi Correlation, Entergy Mississippi Volatility and Entergy Mississippi Alpha and Beta module to complement your research on Entergy Mississippi. You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
Complementary Tools for Entergy Stock analysis
When running Entergy Mississippi's price analysis, check to measure Entergy Mississippi'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 Mississippi is operating at the current time. Most of Entergy Mississippi's value examination focuses on studying past and present price action to predict the probability of Entergy Mississippi'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 Mississippi's price. Additionally, you may evaluate how the addition of Entergy Mississippi to your portfolios can decrease your overall portfolio volatility.
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Entergy Mississippi 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.