Enerflex Stock Market Value
| EFXT Stock | USD 5.72 0.09 1.55% |
| Symbol | Enerflex |
Enerflex Price To Book Ratio
Is Enerflex'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 Enerflex. If investors know Enerflex 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 Enerflex 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 2.112 | Dividend Share 0.1 | Earnings Share (0.65) | Revenue Per Share 25.535 | Quarterly Revenue Growth 0.134 |
The market value of Enerflex is measured differently than its book value, which is the value of Enerflex that is recorded on the company's balance sheet. Investors also form their own opinion of Enerflex's value that differs from its market value or its book value, called intrinsic value, which is Enerflex'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 Enerflex's market value can be influenced by many factors that don't directly affect Enerflex'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 Enerflex's value and its price as these two are different measures arrived at by different means. Investors typically determine if Enerflex is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Enerflex'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.
Enerflex '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 Enerflex'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 Enerflex.
| 03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in Enerflex on March 26, 2024 and sell it all today you would earn a total of 0.00 from holding Enerflex or generate 0.0% return on investment in Enerflex over 30 days. Enerflex is related to or competes with Expro Group, Ranger Energy, MRC Global, Now, and Oceaneering International. Enerflex Ltd. supplies natural gas compression, oil and gas processing, refrigeration systems, energy transition solutio... More
Enerflex 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 Enerflex'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 Enerflex upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.66 | |||
| Information Ratio | 0.0646 | |||
| Maximum Drawdown | 10.37 | |||
| Value At Risk | (2.57) | |||
| Potential Upside | 3.61 |
Enerflex Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Enerflex's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Enerflex's standard deviation. In reality, there are many statistical measures that can use Enerflex historical prices to predict the future Enerflex's volatility.| Risk Adjusted Performance | 0.0748 | |||
| Jensen Alpha | 0.1076 | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | 0.0842 | |||
| Treynor Ratio | 0.1632 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Enerflex'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.
Enerflex Backtested Returns
We consider Enerflex somewhat reliable. Enerflex secures Sharpe Ratio (or Efficiency) of 0.052, which denotes the company had a 0.052% return per unit of risk over the last 3 months. We have found thirty technical indicators for Enerflex, which you can use to evaluate the volatility of the firm. Please confirm Enerflex's Mean Deviation of 1.67, coefficient of variation of 922.11, and Downside Deviation of 1.66 to check if the risk estimate we provide is consistent with the expected return of 0.11%. Enerflex has a performance score of 4 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 1.38, which means a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Enerflex will likely underperform. Enerflex right now shows a risk of 2.16%. Please confirm Enerflex downside variance, and the relationship between the total risk alpha and daily balance of power , to decide if Enerflex will be following its price patterns.
Auto-correlation | -0.91 |
Near perfect reversele predictability
Enerflex has near perfect reversele predictability. Overlapping area represents the amount of predictability between Enerflex 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 Enerflex price movement. The serial correlation of -0.91 indicates that approximately 91.0% of current Enerflex price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.91 | |
| Spearman Rank Test | -0.61 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Enerflex lagged returns against current returns
Autocorrelation, which is Enerflex 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 Enerflex's stock expected returns. We can calculate the autocorrelation of Enerflex returns to help us make a trade decision. For example, suppose you find that Enerflex 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 |
Enerflex 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 Enerflex stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Enerflex stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Enerflex stock over time.
Current vs Lagged Prices |
| Timeline |
Enerflex Lagged Returns
When evaluating Enerflex's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Enerflex stock have on its future price. Enerflex 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, Enerflex autocorrelation shows the relationship between Enerflex stock current value and its past values and can show if there is a momentum factor associated with investing in Enerflex.
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 Enerflex 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, Enerflex's short interest history, or implied volatility extrapolated from Enerflex options trading.
Pair Trading with Enerflex
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 Enerflex 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 Enerflex will appreciate offsetting losses from the drop in the long position's value.Moving together with Enerflex Stock
| 0.79 | NR | Newpark Resources Financial Report 7th of May 2024 | PairCorr |
| 0.88 | TS | Tenaris SA ADR Earnings Call Today | PairCorr |
The ability to find closely correlated positions to Enerflex could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Enerflex 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 Enerflex - 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 Enerflex to buy it.
The correlation of Enerflex 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 Enerflex moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Enerflex 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 Enerflex 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 Enerflex Correlation, Enerflex Volatility and Enerflex Alpha and Beta module to complement your research on Enerflex. For more information on how to buy Enerflex Stock please use our How to Invest in Enerflex guide.You can also try the ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.
Complementary Tools for Enerflex Stock analysis
When running Enerflex's price analysis, check to measure Enerflex'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 Enerflex is operating at the current time. Most of Enerflex's value examination focuses on studying past and present price action to predict the probability of Enerflex's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Enerflex's price. Additionally, you may evaluate how the addition of Enerflex to your portfolios can decrease your overall portfolio volatility.
| Insider Screener Find insiders across different sectors to evaluate their impact on performance | |
| Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets | |
| Crypto Correlations Use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins | |
| Investing Opportunities Build portfolios using our predefined set of ideas and optimize them against your investing preferences | |
| Share Portfolio Track or share privately all of your investments from the convenience of any device |
Enerflex 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.