Enertopia Corporation Stock Market Value
| ENRT Stock | USD 0.02 0 6.67% |
| Symbol | Enertopia |
Enertopia Corporatio '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 Enertopia Corporatio's otc 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 Enertopia Corporatio.
| 04/05/2024 |
| 05/05/2024 |
If you would invest 0.00 in Enertopia Corporatio on April 5, 2024 and sell it all today you would earn a total of 0.00 from holding Enertopia Corporation or generate 0.0% return on investment in Enertopia Corporatio over 30 days. Enertopia Corporatio is related to or competes with Pernod Ricard, Naked Wines, Willamette Valley, Pernod Ricard, Naked Wines, Andrew Peller, and Willamette Valley. Enertopia Corp., a development stage company, focuses on pursuing business opportunities in the natural resource and tec... More
Enertopia Corporatio 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 Enertopia Corporatio's otc 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 Enertopia Corporation upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 11.37 | |||
| Information Ratio | 0.0212 | |||
| Maximum Drawdown | 46.53 | |||
| Value At Risk | (16.67) | |||
| Potential Upside | 18.24 |
Enertopia Corporatio Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Enertopia Corporatio's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Enertopia Corporatio's standard deviation. In reality, there are many statistical measures that can use Enertopia Corporatio historical prices to predict the future Enertopia Corporatio's volatility.| Risk Adjusted Performance | 0.0278 | |||
| Jensen Alpha | 0.2924 | |||
| Total Risk Alpha | (0.81) | |||
| Sortino Ratio | 0.0184 | |||
| Treynor Ratio | (1.44) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Enertopia Corporatio'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.
Enertopia Corporatio Backtested Returns
We consider Enertopia Corporatio out of control. Enertopia Corporatio secures Sharpe Ratio (or Efficiency) of 0.0147, which denotes the company had a 0.0147% return per unit of risk over the last 3 months. We have found thirty technical indicators for Enertopia Corporation, which you can use to evaluate the volatility of the firm. Please confirm Enertopia Corporatio's Mean Deviation of 7.03, coefficient of variation of 3427.17, and Downside Deviation of 11.37 to check if the risk estimate we provide is consistent with the expected return of 0.15%. Enertopia Corporatio has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.19, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Enertopia Corporatio are expected to decrease at a much lower rate. During the bear market, Enertopia Corporatio is likely to outperform the market. Enertopia Corporatio right now shows a risk of 10.03%. Please confirm Enertopia Corporatio total risk alpha and the relationship between the downside variance and period momentum indicator , to decide if Enertopia Corporatio will be following its price patterns.
Auto-correlation | -0.25 |
Weak reverse predictability
Enertopia Corporation has weak reverse predictability. Overlapping area represents the amount of predictability between Enertopia Corporatio time series from 5th of April 2024 to 20th of April 2024 and 20th of April 2024 to 5th of May 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 Enertopia Corporatio price movement. The serial correlation of -0.25 indicates that over 25.0% of current Enertopia Corporatio price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.25 | |
| Spearman Rank Test | 0.53 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Enertopia Corporatio lagged returns against current returns
Autocorrelation, which is Enertopia Corporatio otc 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 Enertopia Corporatio's otc stock expected returns. We can calculate the autocorrelation of Enertopia Corporatio returns to help us make a trade decision. For example, suppose you find that Enertopia Corporatio has exhibited high autocorrelation historically, and you observe that the otc 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 |
Enertopia Corporatio 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 Enertopia Corporatio otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Enertopia Corporatio otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Enertopia Corporatio otc stock over time.
Current vs Lagged Prices |
| Timeline |
Enertopia Corporatio Lagged Returns
When evaluating Enertopia Corporatio's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Enertopia Corporatio otc stock have on its future price. Enertopia Corporatio 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, Enertopia Corporatio autocorrelation shows the relationship between Enertopia Corporatio otc stock current value and its past values and can show if there is a momentum factor associated with investing in Enertopia Corporation.
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 Enertopia Corporatio 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, Enertopia Corporatio's short interest history, or implied volatility extrapolated from Enertopia Corporatio options trading.
Pair Trading with Enertopia Corporatio
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 Enertopia Corporatio 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 Enertopia Corporatio will appreciate offsetting losses from the drop in the long position's value.Moving against Enertopia OTC Stock
| 0.56 | EC | Ecopetrol SA ADR Earnings Call This Week | PairCorr |
| 0.54 | MRK | Merck Company Financial Report 6th of August 2024 | PairCorr |
The ability to find closely correlated positions to Enertopia Corporatio could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Enertopia Corporatio 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 Enertopia Corporatio - 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 Enertopia Corporation to buy it.
The correlation of Enertopia Corporatio 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 Enertopia Corporatio moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Enertopia Corporatio 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 Enertopia Corporatio 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 Enertopia Corporatio Correlation, Enertopia Corporatio Volatility and Enertopia Corporatio Alpha and Beta module to complement your research on Enertopia Corporatio. 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 Enertopia OTC Stock analysis
When running Enertopia Corporatio's price analysis, check to measure Enertopia Corporatio'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 Enertopia Corporatio is operating at the current time. Most of Enertopia Corporatio's value examination focuses on studying past and present price action to predict the probability of Enertopia Corporatio's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Enertopia Corporatio's price. Additionally, you may evaluate how the addition of Enertopia Corporatio to your portfolios can decrease your overall portfolio volatility.
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Enertopia Corporatio technical otc 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, otc market cycles, or different charting patterns.