Energizer Holdings Stock Market Value
| ENR Stock | USD 38.09 0.43 1.14% |
| Symbol | Energizer |
Energizer Holdings Price To Book Ratio
Is Household Products space 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 Energizer Holdings. If investors know Energizer 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 Energizer Holdings 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 (0.18) | Earnings Share 0.52 | Revenue Per Share 40.326 | Quarterly Revenue Growth 0.003 | Return On Assets 0.067 |
The market value of Energizer Holdings is measured differently than its book value, which is the value of Energizer that is recorded on the company's balance sheet. Investors also form their own opinion of Energizer Holdings' value that differs from its market value or its book value, called intrinsic value, which is Energizer Holdings' 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 Energizer Holdings' market value can be influenced by many factors that don't directly affect Energizer Holdings' 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 Energizer Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if Energizer Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Energizer Holdings' 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.
Energizer Holdings '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 Energizer Holdings' 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 Energizer Holdings.
| 10/22/2024 |
| 11/21/2024 |
If you would invest 0.00 in Energizer Holdings on October 22, 2024 and sell it all today you would earn a total of 0.00 from holding Energizer Holdings or generate 0.0% return on investment in Energizer Holdings over 30 days. Energizer Holdings is related to or competes with Acuity Brands, Espey Mfg, Preformed Line, Kimball Electronics, NeoVolta Common, NVent Electric, and Hubbell. Energizer Holdings, Inc., together with its subsidiaries, manufactures, markets, and distributes household batteries, sp... More
Energizer Holdings 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 Energizer Holdings' 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 Energizer Holdings upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.43 | |||
| Information Ratio | 0.1763 | |||
| Maximum Drawdown | 12.72 | |||
| Value At Risk | (1.29) | |||
| Potential Upside | 2.86 |
Energizer Holdings Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Energizer Holdings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Energizer Holdings' standard deviation. In reality, there are many statistical measures that can use Energizer Holdings historical prices to predict the future Energizer Holdings' volatility.| Risk Adjusted Performance | 0.1774 | |||
| Jensen Alpha | 0.3961 | |||
| Total Risk Alpha | 0.2022 | |||
| Sortino Ratio | 0.2285 | |||
| Treynor Ratio | 2.11 |
Energizer Holdings Backtested Returns
Energizer Holdings appears to be very steady, given 3 months investment horizon. Energizer Holdings secures Sharpe Ratio (or Efficiency) of 0.2, which denotes the company had a 0.2% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Energizer Holdings, which you can use to evaluate the volatility of the firm. Please utilize Energizer Holdings' Coefficient Of Variation of 439.28, mean deviation of 1.13, and Downside Deviation of 1.43 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Energizer Holdings holds a performance score of 15. The firm shows a Beta (market volatility) of 0.2, which means not very significant fluctuations relative to the market. As returns on the market increase, Energizer Holdings' returns are expected to increase less than the market. However, during the bear market, the loss of holding Energizer Holdings is expected to be smaller as well. Please check Energizer Holdings' value at risk, and the relationship between the jensen alpha and skewness , to make a quick decision on whether Energizer Holdings' price patterns will revert.
Auto-correlation | 0.72 |
Good predictability
Energizer Holdings has good predictability. Overlapping area represents the amount of predictability between Energizer Holdings time series from 22nd of October 2024 to 6th of November 2024 and 6th of November 2024 to 21st of November 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 Energizer Holdings price movement. The serial correlation of 0.72 indicates that around 72.0% of current Energizer Holdings price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.72 | |
| Spearman Rank Test | 0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 3.15 |
Energizer Holdings lagged returns against current returns
Autocorrelation, which is Energizer Holdings 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 Energizer Holdings' stock expected returns. We can calculate the autocorrelation of Energizer Holdings returns to help us make a trade decision. For example, suppose you find that Energizer Holdings 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 |
Energizer Holdings 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 Energizer Holdings stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Energizer Holdings stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Energizer Holdings stock over time.
Current vs Lagged Prices |
| Timeline |
Energizer Holdings Lagged Returns
When evaluating Energizer Holdings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Energizer Holdings stock have on its future price. Energizer Holdings 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, Energizer Holdings autocorrelation shows the relationship between Energizer Holdings stock current value and its past values and can show if there is a momentum factor associated with investing in Energizer Holdings.
Regressed Prices |
| Timeline |
Pair Trading with Energizer Holdings
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 Energizer Holdings 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 Energizer Holdings will appreciate offsetting losses from the drop in the long position's value.Moving against Energizer Stock
| 0.73 | UL | Unilever PLC ADR | PairCorr |
| 0.68 | CL | Colgate Palmolive Fiscal Year End 24th of January 2025 | PairCorr |
| 0.65 | UG | United Guardian | PairCorr |
| 0.54 | EL | Estee Lauder Companies | PairCorr |
| 0.51 | VERU | Veru Inc Fiscal Year End 13th of December 2024 | PairCorr |
The ability to find closely correlated positions to Energizer Holdings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Energizer Holdings 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 Energizer Holdings - 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 Energizer Holdings to buy it.
The correlation of Energizer Holdings 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 Energizer Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Energizer Holdings 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 Energizer Holdings 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.Additional Tools for Energizer Stock Analysis
When running Energizer Holdings' price analysis, check to measure Energizer Holdings' 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 Energizer Holdings is operating at the current time. Most of Energizer Holdings' value examination focuses on studying past and present price action to predict the probability of Energizer Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Energizer Holdings' price. Additionally, you may evaluate how the addition of Energizer Holdings to your portfolios can decrease your overall portfolio volatility.