Enghouse Systems Stock Market Value
| ENGH Stock | CAD 23.45 0.29 1.22% |
| Symbol | Enghouse |
Enghouse Systems Price To Book Ratio
Enghouse Systems '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 Enghouse Systems' 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 Enghouse Systems.
| 04/21/2025 |
| 07/20/2025 |
If you would invest 0.00 in Enghouse Systems on April 21, 2025 and sell it all today you would earn a total of 0.00 from holding Enghouse Systems or generate 0.0% return on investment in Enghouse Systems over 90 days. Enghouse Systems is related to or competes with Kinaxis, Open Text, Descartes Systems, Constellation Software, and Real Matters. Enghouse Systems Limited develops enterprise software solutions worldwide More
Enghouse Systems 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 Enghouse Systems' 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 Enghouse Systems upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 11.73 | |||
| Value At Risk | (1.85) | |||
| Potential Upside | 1.61 |
Enghouse Systems Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Enghouse Systems' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Enghouse Systems' standard deviation. In reality, there are many statistical measures that can use Enghouse Systems historical prices to predict the future Enghouse Systems' volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.27) | |||
| Treynor Ratio | (0.28) |
Enghouse Systems Backtested Returns
Enghouse Systems secures Sharpe Ratio (or Efficiency) of -0.0179, which denotes the company had a -0.0179 % return per unit of risk over the last 3 months. Enghouse Systems exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Enghouse Systems' Mean Deviation of 0.9823, variance of 2.59, and Standard Deviation of 1.61 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.17, which means not very significant fluctuations relative to the market. As returns on the market increase, Enghouse Systems' returns are expected to increase less than the market. However, during the bear market, the loss of holding Enghouse Systems is expected to be smaller as well. At this point, Enghouse Systems has a negative expected return of -0.0288%. Please make sure to confirm Enghouse Systems' coefficient of variation, jensen alpha, treynor ratio, as well as the relationship between the standard deviation and total risk alpha , to decide if Enghouse Systems performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.00 |
No correlation between past and present
Enghouse Systems has no correlation between past and present. Overlapping area represents the amount of predictability between Enghouse Systems time series from 21st of April 2025 to 5th of June 2025 and 5th of June 2025 to 20th of July 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Enghouse Systems price movement. The serial correlation of 0.0 indicates that just 0.0% of current Enghouse Systems price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.39 | |
| Residual Average | 0.0 | |
| Price Variance | 0.43 |
Enghouse Systems lagged returns against current returns
Autocorrelation, which is Enghouse Systems 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 Enghouse Systems' stock expected returns. We can calculate the autocorrelation of Enghouse Systems returns to help us make a trade decision. For example, suppose you find that Enghouse Systems 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 |
Enghouse Systems 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 Enghouse Systems stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Enghouse Systems stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Enghouse Systems stock over time.
Current vs Lagged Prices |
| Timeline |
Enghouse Systems Lagged Returns
When evaluating Enghouse Systems' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Enghouse Systems stock have on its future price. Enghouse Systems 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, Enghouse Systems autocorrelation shows the relationship between Enghouse Systems stock current value and its past values and can show if there is a momentum factor associated with investing in Enghouse Systems.
Regressed Prices |
| Timeline |
Pair Trading with Enghouse Systems
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 Enghouse Systems 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 Enghouse Systems will appreciate offsetting losses from the drop in the long position's value.Moving against Enghouse Stock
| 0.74 | AUAU | Allegiant Gold Earnings Call Tomorrow | PairCorr |
| 0.51 | YRB | Yorbeau Resources | PairCorr |
| 0.43 | CNQ | Canadian Natural Res | PairCorr |
The ability to find closely correlated positions to Enghouse Systems could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Enghouse Systems 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 Enghouse Systems - 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 Enghouse Systems to buy it.
The correlation of Enghouse Systems 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 Enghouse Systems moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Enghouse Systems 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 Enghouse Systems 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.Other Information on Investing in Enghouse Stock
Enghouse Systems financial ratios help investors to determine whether Enghouse Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Enghouse with respect to the benefits of owning Enghouse Systems security.