Entergy Stock Market Value
| ETR Stock | USD 106.77 3.02 2.91% |
| Symbol | Entergy |
Entergy Price To Book Ratio
Is Entergy'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. 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 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 8.115 | Dividend Share 4.34 | Earnings Share 11.1 | Revenue Per Share 57.416 | Quarterly Revenue Growth (0.17) |
The market value of Entergy 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's value that differs from its market value or its book value, called intrinsic value, which is Entergy'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's market value can be influenced by many factors that don't directly affect Entergy'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's value and its price as these two are different measures arrived at by different means. Investors typically determine if Entergy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Entergy'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 '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'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.
| 03/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in Entergy on March 20, 2024 and sell it all today you would earn a total of 0.00 from holding Entergy or generate 0.0% return on investment in Entergy over 30 days. Entergy is related to or competes with CMS Energy, and DTE Energy. Entergy Corporation, together with its subsidiaries, engages in the production and retail distribution of electricity in... More
Entergy 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'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 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.996 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 4.72 | |||
| Value At Risk | (1.66) | |||
| Potential Upside | 1.96 |
Entergy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Entergy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Entergy's standard deviation. In reality, there are many statistical measures that can use Entergy historical prices to predict the future Entergy's volatility.| Risk Adjusted Performance | 0.0244 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.0304 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Entergy'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 Backtested Returns
We consider Entergy very steady. Entergy 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. We have found twenty-eight technical indicators for Entergy, which you can use to evaluate the volatility of the firm. Please confirm Entergy's Downside Deviation of 0.996, coefficient of variation of 3034.2, and Mean Deviation of 0.7904 to check if the risk estimate we provide is consistent with the expected return of 0.11%. Entergy has a performance score of 8 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.8, which means possible diversification benefits within a given portfolio. As returns on the market increase, Entergy's returns are expected to increase less than the market. However, during the bear market, the loss of holding Entergy is expected to be smaller as well. Entergy right now shows a risk of 1.0%. Please confirm Entergy value at risk, as well as the relationship between the skewness and day median price , to decide if Entergy will be following its price patterns.
Auto-correlation | -0.76 |
Almost perfect reverse predictability
Entergy has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Entergy time series from 20th of March 2024 to 4th of April 2024 and 4th of April 2024 to 19th 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 price movement. The serial correlation of -0.76 indicates that around 76.0% of current Entergy price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.76 | |
| Spearman Rank Test | -0.76 | |
| Residual Average | 0.0 | |
| Price Variance | 2.26 |
Entergy lagged returns against current returns
Autocorrelation, which is Entergy 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's stock expected returns. We can calculate the autocorrelation of Entergy returns to help us make a trade decision. For example, suppose you find that Entergy 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 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 stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Entergy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Entergy stock over time.
Current vs Lagged Prices |
| Timeline |
Entergy Lagged Returns
When evaluating Entergy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Entergy stock have on its future price. Entergy 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 autocorrelation shows the relationship between Entergy stock current value and its past values and can show if there is a momentum factor associated with investing in Entergy.
Regressed Prices |
| Timeline |
Pair Trading with Entergy
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 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 will appreciate offsetting losses from the drop in the long position's value.Moving together with Entergy Stock
| 0.94 | D | Dominion Energy Financial Report 3rd of May 2024 | PairCorr |
| 0.89 | ES | Eversource Energy Financial Report 1st of May 2024 | PairCorr |
| 0.81 | FE | FirstEnergy Earnings Call This Week | PairCorr |
Moving against Entergy Stock
| 0.78 | HE | Hawaiian Electric Buyout Trend | PairCorr |
The ability to find closely correlated positions to Entergy 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 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 - 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 to buy it.
The correlation of Entergy 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 moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Entergy 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 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 Correlation, Entergy Volatility and Entergy Alpha and Beta module to complement your research on Entergy. To learn how to invest in Entergy Stock, please use our How to Invest in Entergy guide.You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
Complementary Tools for Entergy Stock analysis
When running Entergy's price analysis, check to measure Entergy'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 is operating at the current time. Most of Entergy's value examination focuses on studying past and present price action to predict the probability of Entergy'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's price. Additionally, you may evaluate how the addition of Entergy to your portfolios can decrease your overall portfolio volatility.
| Portfolio Manager State of the art Portfolio Manager to monitor and improve performance of your invested capital | |
| Insider Screener Find insiders across different sectors to evaluate their impact on performance | |
| Sync Your Broker Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors. | |
| Odds Of Bankruptcy Get analysis of equity chance of financial distress in the next 2 years | |
| Price Transformation Use Price Transformation models to analyze the depth of different equity instruments across global markets | |
| Portfolio Backtesting Avoid under-diversification and over-optimization by backtesting your portfolios | |
| Watchlist Optimization Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm | |
| Fundamentals Comparison Compare fundamentals across multiple equities to find investing opportunities | |
| Technical Analysis Check basic technical indicators and analysis based on most latest market data | |
| Earnings Calls Check upcoming earnings announcements updated hourly across public exchanges | |
| ETFs Find actively traded Exchange Traded Funds (ETF) from around the world |
Entergy 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.