Eni Spa Adr Stock Market Value
| E Stock | USD 32.25 0.27 0.83% |
| Symbol | Eni |
Eni SpA ADR Price To Book Ratio
Is Eni SPA'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 Eni SPA. If investors know Eni 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 Eni SPA listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.73) | Dividend Share 0.94 | Earnings Share 2.98 | Revenue Per Share 114.708 | Quarterly Revenue Growth (0.28) |
The market value of Eni SpA ADR is measured differently than its book value, which is the value of Eni that is recorded on the company's balance sheet. Investors also form their own opinion of Eni SPA's value that differs from its market value or its book value, called intrinsic value, which is Eni SPA'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 Eni SPA's market value can be influenced by many factors that don't directly affect Eni SPA'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 Eni SPA's value and its price as these two are different measures arrived at by different means. Investors typically determine if Eni SPA is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Eni SPA'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.
Eni SPA '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 Eni SPA'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 Eni SPA.
| 03/19/2024 |
| 04/18/2024 |
If you would invest 0.00 in Eni SPA on March 19, 2024 and sell it all today you would earn a total of 0.00 from holding Eni SpA ADR or generate 0.0% return on investment in Eni SPA over 30 days. Eni SPA is related to or competes with TotalEnergies, Ecopetrol, Shell PLC, Petroleo Brasileiro, Equinor ASA, BP PLC, and Galp Energa. Eni S.p.A. engages in the exploration, development, and production of crude oil and natural gas More
Eni SPA 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 Eni SPA'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 Eni SpA ADR upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.39 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 5.48 | |||
| Value At Risk | (1.84) | |||
| Potential Upside | 1.74 |
Eni SPA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Eni SPA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Eni SPA's standard deviation. In reality, there are many statistical measures that can use Eni SPA historical prices to predict the future Eni SPA's volatility.| Risk Adjusted Performance | 0.0057 | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | (0.01) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Eni SPA'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.
Eni SpA ADR Backtested Returns
We consider Eni SPA very steady. Eni SpA ADR secures Sharpe Ratio (or Efficiency) of 0.0718, which denotes the company had a 0.0718% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Eni SpA ADR, which you can use to evaluate the volatility of the firm. Please confirm Eni SPA's Mean Deviation of 0.9468, coefficient of variation of 63675.42, and Downside Deviation of 1.39 to check if the risk estimate we provide is consistent with the expected return of 0.0819%. Eni SPA has a performance score of 5 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.59, which means possible diversification benefits within a given portfolio. As returns on the market increase, Eni SPA's returns are expected to increase less than the market. However, during the bear market, the loss of holding Eni SPA is expected to be smaller as well. Eni SpA ADR right now shows a risk of 1.14%. Please confirm Eni SpA ADR standard deviation, value at risk, kurtosis, as well as the relationship between the sortino ratio and semi variance , to decide if Eni SpA ADR will be following its price patterns.
Auto-correlation | -0.83 |
Excellent reverse predictability
Eni SpA ADR has excellent reverse predictability. Overlapping area represents the amount of predictability between Eni SPA time series from 19th of March 2024 to 3rd of April 2024 and 3rd of April 2024 to 18th 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 Eni SpA ADR price movement. The serial correlation of -0.83 indicates that around 83.0% of current Eni SPA price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.83 | |
| Spearman Rank Test | -0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 0.18 |
Eni SpA ADR lagged returns against current returns
Autocorrelation, which is Eni SPA 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 Eni SPA's stock expected returns. We can calculate the autocorrelation of Eni SPA returns to help us make a trade decision. For example, suppose you find that Eni SPA 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 |
Eni SPA 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 Eni SPA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Eni SPA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Eni SPA stock over time.
Current vs Lagged Prices |
| Timeline |
Eni SPA Lagged Returns
When evaluating Eni SPA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Eni SPA stock have on its future price. Eni SPA 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, Eni SPA autocorrelation shows the relationship between Eni SPA stock current value and its past values and can show if there is a momentum factor associated with investing in Eni SpA ADR.
Regressed Prices |
| Timeline |
Pair Trading with Eni SPA
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 Eni SPA 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 Eni SPA will appreciate offsetting losses from the drop in the long position's value.Moving together with Eni Stock
| 0.65 | BP | BP PLC ADR Financial Report 7th of May 2024 | PairCorr |
| 0.69 | SU | Suncor Energy Financial Report 13th of May 2024 | PairCorr |
Moving against Eni Stock
| 0.44 | PBR | Petroleo Brasileiro Financial Report 9th of May 2024 | PairCorr |
The ability to find closely correlated positions to Eni SPA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Eni SPA 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 Eni SPA - 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 Eni SpA ADR to buy it.
The correlation of Eni SPA 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 Eni SPA moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Eni SpA ADR 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 Eni SPA 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 Eni SPA Correlation, Eni SPA Volatility and Eni SPA Alpha and Beta module to complement your research on Eni SPA. Note that the Eni SpA ADR information on this page should be used as a complementary analysis to other Eni SPA's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.
Complementary Tools for Eni Stock analysis
When running Eni SPA's price analysis, check to measure Eni SPA'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 Eni SPA is operating at the current time. Most of Eni SPA's value examination focuses on studying past and present price action to predict the probability of Eni SPA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Eni SPA's price. Additionally, you may evaluate how the addition of Eni SPA to your portfolios can decrease your overall portfolio volatility.
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Eni SPA 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.