Engie SA (France) Market Value

ENGI Stock  EUR 15.63  0.12  0.77%   
Engie SA's market value is the price at which a share of Engie SA trades on a public exchange. It measures the collective expectations of Engie SA investors about its performance. Engie SA is trading at 15.63 as of the 28th of March 2024, a 0.77 percent up since the beginning of the trading day. The stock's open price was 15.51.
With this module, you can estimate the performance of a buy and hold strategy of Engie SA and determine expected loss or profit from investing in Engie SA over a given investment horizon. Check out Engie SA Correlation, Engie SA Volatility and Engie SA Alpha and Beta module to complement your research on Engie SA.
Symbol

Please note, there is a significant difference between Engie SA's value and its price as these two are different measures arrived at by different means. Investors typically determine if Engie SA is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Engie SA'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.

Engie SA '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 Engie SA'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 Engie SA.
0.00
04/03/2023
No Change 0.00  0.0 
In 11 months and 27 days
03/28/2024
0.00
If you would invest  0.00  in Engie SA on April 3, 2023 and sell it all today you would earn a total of 0.00 from holding Engie SA or generate 0.0% return on investment in Engie SA over 360 days. Engie SA is related to or competes with Metalliance, Air France, Entech SE, JSA Technology, Hotel Majestic, and Hitechpros. ENGIE SA engages in the power, natural gas, and energy services businesses More

Engie SA 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 Engie SA'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 Engie SA upside and downside potential and time the market with a certain degree of confidence.

Engie SA Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Engie SA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Engie SA's standard deviation. In reality, there are many statistical measures that can use Engie SA historical prices to predict the future Engie SA's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Engie SA'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.
Hype
Prediction
LowEstimatedHigh
14.6415.6316.62
Details
Intrinsic
Valuation
LowRealHigh
12.7813.7717.19
Details
Naive
Forecast
LowNextHigh
14.7715.7516.74
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
15.4415.5515.66
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Engie SA. Your research has to be compared to or analyzed against Engie SA's peers to derive any actionable benefits. When done correctly, Engie SA's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Engie SA.

Engie SA Backtested Returns

Engie SA secures Sharpe Ratio (or Efficiency) of -0.0247, which denotes the company had a -0.0247% return per unit of risk over the last 3 months. Engie SA exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Engie SA's Mean Deviation of 0.7345, standard deviation of 0.9765, and Variance of 0.9535 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.0954, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Engie SA are expected to decrease at a much lower rate. During the bear market, Engie SA is likely to outperform the market. Engie SA has an expected return of -0.0244%. Please make sure to confirm Engie SA jensen alpha, treynor ratio, and the relationship between the standard deviation and total risk alpha , to decide if Engie SA performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  0.25  

Poor predictability

Engie SA has poor predictability. Overlapping area represents the amount of predictability between Engie SA time series from 3rd of April 2023 to 30th of September 2023 and 30th of September 2023 to 28th of March 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 Engie SA price movement. The serial correlation of 0.25 indicates that over 25.0% of current Engie SA price fluctuation can be explain by its past prices.
Correlation Coefficient0.25
Spearman Rank Test0.01
Residual Average0.0
Price Variance0.42

Engie SA lagged returns against current returns

Autocorrelation, which is Engie SA 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 Engie SA's stock expected returns. We can calculate the autocorrelation of Engie SA returns to help us make a trade decision. For example, suppose you find that Engie SA 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  

Engie SA 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 Engie SA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Engie SA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Engie SA stock over time.
   Current vs Lagged Prices   
       Timeline  

Engie SA Lagged Returns

When evaluating Engie SA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Engie SA stock have on its future price. Engie SA 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, Engie SA autocorrelation shows the relationship between Engie SA stock current value and its past values and can show if there is a momentum factor associated with investing in Engie SA.
   Regressed Prices   
       Timeline  

Pair Trading with Engie SA

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 Engie SA 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 Engie SA will appreciate offsetting losses from the drop in the long position's value.

Moving together with Engie Stock

  0.79CA Carrefour SAPairCorr

Moving against Engie Stock

  0.84VIV Vivendi SAPairCorr
  0.65CAP Capgemini SEPairCorr
  0.55VIE Veolia EnvironnementPairCorr
  0.48ALSEN Sensorion SAPairCorr
  0.48ALRIB Riber SAPairCorr
The ability to find closely correlated positions to Engie SA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Engie SA 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 Engie SA - 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 Engie SA to buy it.
The correlation of Engie SA 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 Engie SA moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Engie SA 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 Engie SA 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.
Pair CorrelationCorrelation Matching
Check out Engie SA Correlation, Engie SA Volatility and Engie SA Alpha and Beta module to complement your research on Engie SA.
You can also try the Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.

Complementary Tools for Engie Stock analysis

When running Engie SA's price analysis, check to measure Engie SA'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 Engie SA is operating at the current time. Most of Engie SA's value examination focuses on studying past and present price action to predict the probability of Engie SA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Engie SA's price. Additionally, you may evaluate how the addition of Engie SA to your portfolios can decrease your overall portfolio volatility.
Options Analysis
Analyze and evaluate options and option chains as a potential hedge for your portfolios
Latest Portfolios
Quick portfolio dashboard that showcases your latest portfolios
Portfolio Comparator
Compare the composition, asset allocations and performance of any two portfolios in your account
Economic Indicators
Top statistical indicators that provide insights into how an economy is performing
Analyst Advice
Analyst recommendations and target price estimates broken down by several categories
Portfolio Holdings
Check your current holdings and cash postion to detemine if your portfolio needs rebalancing
Funds Screener
Find actively-traded funds from around the world traded on over 30 global exchanges
Content Syndication
Quickly integrate customizable finance content to your own investment portal
Top Crypto Exchanges
Search and analyze digital assets across top global cryptocurrency exchanges
Equity Valuation
Check real value of public entities based on technical and fundamental data
Fundamental Analysis
View fundamental data based on most recent published financial statements
Watchlist Optimization
Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm
AI Portfolio Architect
Use AI to generate optimal portfolios and find profitable investment opportunities
Engie SA 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.
A focus of Engie SA technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Engie SA trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...