Energys Group Limited Stock Statistic Functions Beta
| ENGS Stock | 2.68 0.50 22.94% |
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The output start index for this execution was twenty-four with a total number of output elements of thirty-seven. The Beta measures systematic risk based on how returns on Energys Group Limited correlated with the market. If Beta is less than 0 Energys Group generally moves in the opposite direction as compared to the market. If Energys Group Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Energys Group Limited is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Energys Group is generally in the same direction as the market. If Beta > 1 Energys Group moves generally in the same direction as, but more than the movement of the benchmark.
Energys Group Technical Analysis Modules
Most technical analysis of Energys Group help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Energys from various momentum indicators to cycle indicators. When you analyze Energys charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
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About Energys Group Predictive Technical Analysis
Predictive technical analysis modules help investors to analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Energys Group Limited. We use our internally-developed statistical techniques to arrive at the intrinsic value of Energys Group Limited based on widely used predictive technical indicators. In general, we focus on analyzing Energys Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Energys Group's daily price indicators and compare them against related drivers, such as statistic functions and various other types of predictive indicators. Using this methodology combined with a more conventional technical analysis and fundamental analysis, we attempt to find the most accurate representation of Energys Group's intrinsic value. In addition to deriving basic predictive indicators for Energys Group, we also check how macroeconomic factors affect Energys Group price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
| 2022 | 2023 | 2024 | 2025 (projected) | Payables Turnover | 5.71 | 6.52 | 7.5 | 6.68 | Days Of Inventory On Hand | 135.08 | 53.18 | 61.15 | 58.1 |
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As an individual investor, you need to find a reliable way to track all your investment portfolios' performance accurately. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing you full analytical transparency into your positions, our tools can tell you how much better you can do without increasing your risk or reducing expected return.Did you try this?
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Energys Group Limited pair trading
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 Energys Group 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 Energys Group will appreciate offsetting losses from the drop in the long position's value.Energys Group Pair Trading
Energys Group Limited Pair Trading Analysis
The ability to find closely correlated positions to Energys Group could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Energys Group 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 Energys Group - 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 Energys Group Limited to buy it.
The correlation of Energys Group 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 Energys Group moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Energys Group Limited 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 Energys Group 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 Energys Stock Analysis
When running Energys Group's price analysis, check to measure Energys Group'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 Energys Group is operating at the current time. Most of Energys Group's value examination focuses on studying past and present price action to predict the probability of Energys Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Energys Group's price. Additionally, you may evaluate how the addition of Energys Group to your portfolios can decrease your overall portfolio volatility.