Enel Generacion (Argentina) Market Value
| CECO2 Stock | ARS 199.25 177.25 47.08% |
| Symbol | Enel |
Enel Generacion '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 Enel Generacion'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 Enel Generacion.
| 12/19/2023 |
| 06/16/2024 |
If you would invest 0.00 in Enel Generacion on December 19, 2023 and sell it all today you would earn a total of 0.00 from holding Enel Generacion Costanera or generate 0.0% return on investment in Enel Generacion over 180 days. Enel Generacion is related to or competes with United States, Central Puerto, Pfizer, Ternium SA, Molinos Juan, Carlos Casado, and Telecom Argentina. Enel Generacin Costanera S.A. operates in the electrical energy industry in Argentina More
Enel Generacion 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 Enel Generacion'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 Enel Generacion Costanera upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.66 | |||
| Information Ratio | 0.3004 | |||
| Maximum Drawdown | 11.22 | |||
| Value At Risk | (2.20) | |||
| Potential Upside | 5.62 |
Enel Generacion Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Enel Generacion's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Enel Generacion's standard deviation. In reality, there are many statistical measures that can use Enel Generacion historical prices to predict the future Enel Generacion's volatility.| Risk Adjusted Performance | 0.2279 | |||
| Jensen Alpha | 0.6796 | |||
| Total Risk Alpha | 0.5811 | |||
| Sortino Ratio | 0.3887 | |||
| Treynor Ratio | (3.09) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Enel Generacion'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.
Enel Generacion Costanera Backtested Returns
Enel Generacion Costanera secures Sharpe Ratio (or Efficiency) of -0.14, which denotes the company had a -0.14% return per unit of risk over the last 3 months. Enel Generacion Costanera exposes thirty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Enel Generacion's Mean Deviation of 1.6, coefficient of variation of 313.52, and Downside Deviation of 1.66 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.22, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Enel Generacion are expected to decrease at a much lower rate. During the bear market, Enel Generacion is likely to outperform the market. At this point, Enel Generacion Costanera has a negative expected return of -1.04%. Please make sure to confirm Enel Generacion's downside deviation, standard deviation, and the relationship between the semi deviation and coefficient of variation , to decide if Enel Generacion Costanera performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.10 |
Insignificant predictability
Enel Generacion Costanera has insignificant predictability. Overlapping area represents the amount of predictability between Enel Generacion time series from 19th of December 2023 to 18th of March 2024 and 18th of March 2024 to 16th of June 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 Enel Generacion Costanera price movement. The serial correlation of 0.1 indicates that less than 10.0% of current Enel Generacion price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.1 | |
| Spearman Rank Test | -0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 895.99 |
Enel Generacion Costanera lagged returns against current returns
Autocorrelation, which is Enel Generacion 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 Enel Generacion's stock expected returns. We can calculate the autocorrelation of Enel Generacion returns to help us make a trade decision. For example, suppose you find that Enel Generacion 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 |
Enel Generacion 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 Enel Generacion stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Enel Generacion stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Enel Generacion stock over time.
Current vs Lagged Prices |
| Timeline |
Enel Generacion Lagged Returns
When evaluating Enel Generacion's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Enel Generacion stock have on its future price. Enel Generacion 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, Enel Generacion autocorrelation shows the relationship between Enel Generacion stock current value and its past values and can show if there is a momentum factor associated with investing in Enel Generacion Costanera.
Regressed Prices |
| Timeline |
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Other Information on Investing in Enel Stock
Enel Generacion financial ratios help investors to determine whether Enel Stock 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 Enel with respect to the benefits of owning Enel Generacion security.