Englobal Stock Market Value
| ENG Stock | USD 1.68 0.00 0.00% |
| Symbol | ENGlobal |
ENGlobal Price To Book Ratio
Is ENGlobal'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 ENGlobal. If investors know ENGlobal 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 ENGlobal 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 (0.96) | Earnings Share (3.03) | Revenue Per Share 7.813 | Quarterly Revenue Growth (0.21) | Return On Assets (0.34) |
The market value of ENGlobal is measured differently than its book value, which is the value of ENGlobal that is recorded on the company's balance sheet. Investors also form their own opinion of ENGlobal's value that differs from its market value or its book value, called intrinsic value, which is ENGlobal'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 ENGlobal's market value can be influenced by many factors that don't directly affect ENGlobal'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 ENGlobal's value and its price as these two are different measures arrived at by different means. Investors typically determine if ENGlobal is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ENGlobal'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.
ENGlobal '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 ENGlobal'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 ENGlobal.
| 03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in ENGlobal on March 26, 2024 and sell it all today you would earn a total of 0.00 from holding ENGlobal or generate 0.0% return on investment in ENGlobal over 30 days. ENGlobal is related to or competes with Fuel Tech, Polar Power, Ocean Power, Pioneer Power, and Aemetis. ENGlobal Corporation provides engineering and professional project execution services primarily to the energy sector in ... More
ENGlobal 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 ENGlobal'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 ENGlobal upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.17 | |||
| Information Ratio | 0.0461 | |||
| Maximum Drawdown | 38.85 | |||
| Value At Risk | (7.50) | |||
| Potential Upside | 8.63 |
ENGlobal Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ENGlobal's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ENGlobal's standard deviation. In reality, there are many statistical measures that can use ENGlobal historical prices to predict the future ENGlobal's volatility.| Risk Adjusted Performance | 0.0468 | |||
| Jensen Alpha | 0.5097 | |||
| Total Risk Alpha | (0.52) | |||
| Sortino Ratio | 0.0592 | |||
| Treynor Ratio | (0.28) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of ENGlobal'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.
ENGlobal Backtested Returns
ENGlobal appears to be dangerous, given 3 months investment horizon. ENGlobal secures Sharpe Ratio (or Efficiency) of 0.0757, which denotes the company had a 0.0757% return per unit of return volatility over the last 3 months. By examining ENGlobal's technical indicators, you can evaluate if the expected return of 0.5% is justified by implied risk. Please utilize ENGlobal's mean deviation of 4.51, and Downside Deviation of 5.17 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, ENGlobal holds a performance score of 5. The firm shows a Beta (market volatility) of -1.39, which means a somewhat significant risk relative to the market. As returns on the market increase, returns on owning ENGlobal are expected to decrease by larger amounts. On the other hand, during market turmoil, ENGlobal is expected to outperform it. Please check ENGlobal's information ratio, downside variance, day typical price, as well as the relationship between the treynor ratio and kurtosis , to make a quick decision on whether ENGlobal's price patterns will revert.
Auto-correlation | -0.49 |
Modest reverse predictability
ENGlobal has modest reverse predictability. Overlapping area represents the amount of predictability between ENGlobal 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 ENGlobal price movement. The serial correlation of -0.49 indicates that about 49.0% of current ENGlobal price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.49 | |
| Spearman Rank Test | -0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
ENGlobal lagged returns against current returns
Autocorrelation, which is ENGlobal 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 ENGlobal's stock expected returns. We can calculate the autocorrelation of ENGlobal returns to help us make a trade decision. For example, suppose you find that ENGlobal 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 |
ENGlobal 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 ENGlobal stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ENGlobal stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ENGlobal stock over time.
Current vs Lagged Prices |
| Timeline |
ENGlobal Lagged Returns
When evaluating ENGlobal's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ENGlobal stock have on its future price. ENGlobal 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, ENGlobal autocorrelation shows the relationship between ENGlobal stock current value and its past values and can show if there is a momentum factor associated with investing in ENGlobal.
Regressed Prices |
| Timeline |
Pair Trading with ENGlobal
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 ENGlobal 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 ENGlobal will appreciate offsetting losses from the drop in the long position's value.Moving together with ENGlobal Stock
| 0.66 | DY | Dycom Industries Financial Report 22nd of May 2024 | PairCorr |
Moving against ENGlobal Stock
| 0.67 | VATE | Innovate Corp | PairCorr |
| 0.63 | GLFH | Galenfeha | PairCorr |
| 0.61 | NVEE | NV5 Global Financial Report 2nd of May 2024 | PairCorr |
| 0.61 | AGFY | AgrifyCorp Report 26th of November 2024 | PairCorr |
The ability to find closely correlated positions to ENGlobal could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ENGlobal 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 ENGlobal - 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 ENGlobal to buy it.
The correlation of ENGlobal 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 ENGlobal moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ENGlobal 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 ENGlobal 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 ENGlobal Correlation, ENGlobal Volatility and ENGlobal Alpha and Beta module to complement your research on ENGlobal. For more detail on how to invest in ENGlobal Stock please use our How to Invest in ENGlobal guide.You can also try the Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.
Complementary Tools for ENGlobal Stock analysis
When running ENGlobal's price analysis, check to measure ENGlobal'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 ENGlobal is operating at the current time. Most of ENGlobal's value examination focuses on studying past and present price action to predict the probability of ENGlobal's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ENGlobal's price. Additionally, you may evaluate how the addition of ENGlobal to your portfolios can decrease your overall portfolio volatility.
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ENGlobal 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.