Ebang International Holdings Stock Market Value
| EBON Stock | USD 8.79 1.34 17.99% |
| Symbol | Ebang |
Ebang International Price To Book Ratio
Is Electronic Equipment, Instruments & Components 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 Ebang International. If investors know Ebang 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 Ebang International listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (5.60) | Revenue Per Share 0.572 | Quarterly Revenue Growth (0.48) | Return On Assets (0.1) | Return On Equity (0.12) |
The market value of Ebang International is measured differently than its book value, which is the value of Ebang that is recorded on the company's balance sheet. Investors also form their own opinion of Ebang International's value that differs from its market value or its book value, called intrinsic value, which is Ebang International'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 Ebang International's market value can be influenced by many factors that don't directly affect Ebang International'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 Ebang International's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ebang International is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ebang International'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.
Ebang International '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 Ebang International'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 Ebang International.
| 11/02/2024 |
| 12/02/2024 |
If you would invest 0.00 in Ebang International on November 2, 2024 and sell it all today you would earn a total of 0.00 from holding Ebang International Holdings or generate 0.0% return on investment in Ebang International over 30 days. Ebang International is related to or competes with Nano Dimension, Desktop Metal, HP, Cricut, Stratasys, Pure Storage, and Seagate Technology. Ebang International Holdings Inc., through its subsidiaries, engages in the research, design, and development of applica... More
Ebang International 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 Ebang International'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 Ebang International Holdings upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.96 | |||
| Information Ratio | 0.1141 | |||
| Maximum Drawdown | 34.79 | |||
| Value At Risk | (8.88) | |||
| Potential Upside | 11.24 |
Ebang International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ebang International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ebang International's standard deviation. In reality, there are many statistical measures that can use Ebang International historical prices to predict the future Ebang International's volatility.| Risk Adjusted Performance | 0.114 | |||
| Jensen Alpha | 0.5281 | |||
| Total Risk Alpha | (0.18) | |||
| Sortino Ratio | 0.1341 | |||
| Treynor Ratio | 0.3824 |
Ebang International Backtested Returns
Ebang International appears to be moderately volatile, given 3 months investment horizon. Ebang International secures Sharpe Ratio (or Efficiency) of 0.13, which denotes the company had a 0.13% return per unit of standard deviation over the last 3 months. By reviewing Ebang International's technical indicators, you can evaluate if the expected return of 0.78% is justified by implied risk. Please utilize Ebang International's Downside Deviation of 4.96, semi deviation of 4.44, and Mean Deviation of 4.01 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Ebang International holds a performance score of 10. The firm shows a Beta (market volatility) of 2.07, which means a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Ebang International will likely underperform. Please check Ebang International's coefficient of variation, semi variance, price action indicator, as well as the relationship between the treynor ratio and daily balance of power , to make a quick decision on whether Ebang International's price patterns will revert.
Auto-correlation | 0.36 |
Below average predictability
Ebang International Holdings has below average predictability. Overlapping area represents the amount of predictability between Ebang International time series from 2nd of November 2024 to 17th of November 2024 and 17th of November 2024 to 2nd of December 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 Ebang International price movement. The serial correlation of 0.36 indicates that just about 36.0% of current Ebang International price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.36 | |
| Spearman Rank Test | 0.56 | |
| Residual Average | 0.0 | |
| Price Variance | 0.43 |
Ebang International lagged returns against current returns
Autocorrelation, which is Ebang International 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 Ebang International's stock expected returns. We can calculate the autocorrelation of Ebang International returns to help us make a trade decision. For example, suppose you find that Ebang International 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 |
Ebang International 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 Ebang International stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ebang International stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ebang International stock over time.
Current vs Lagged Prices |
| Timeline |
Ebang International Lagged Returns
When evaluating Ebang International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ebang International stock have on its future price. Ebang International 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, Ebang International autocorrelation shows the relationship between Ebang International stock current value and its past values and can show if there is a momentum factor associated with investing in Ebang International Holdings.
Regressed Prices |
| Timeline |
Pair Trading with Ebang International
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 Ebang International 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 Ebang International will appreciate offsetting losses from the drop in the long position's value.Moving together with Ebang Stock
Moving against Ebang Stock
| 0.78 | CDW | CDW Corp | PairCorr |
| 0.72 | VRME | VerifyMe | PairCorr |
| 0.54 | EVLV | Evolv Technologies Trending | PairCorr |
| 0.54 | JNPR | Juniper Networks | PairCorr |
| 0.52 | INVZW | Innoviz Technologies | PairCorr |
The ability to find closely correlated positions to Ebang International could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ebang International 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 Ebang International - 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 Ebang International Holdings to buy it.
The correlation of Ebang International 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 Ebang International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ebang International 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 Ebang International 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 Ebang International Correlation, Ebang International Volatility and Ebang International Alpha and Beta module to complement your research on Ebang International. You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
Ebang International 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.