Eshallgo Class A Stock Market Value
| EHGO Stock | 3.65 0.35 8.75% |
| Symbol | Eshallgo |
Eshallgo Class A 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 Eshallgo. If investors know Eshallgo 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 Eshallgo 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 0.269 | Revenue Per Share 0.831 | Quarterly Revenue Growth (0.06) | Return On Assets 0.0282 | Return On Equity 0.05 |
The market value of Eshallgo Class A is measured differently than its book value, which is the value of Eshallgo that is recorded on the company's balance sheet. Investors also form their own opinion of Eshallgo's value that differs from its market value or its book value, called intrinsic value, which is Eshallgo'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 Eshallgo's market value can be influenced by many factors that don't directly affect Eshallgo'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 Eshallgo's value and its price as these two are different measures arrived at by different means. Investors typically determine if Eshallgo is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Eshallgo'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.
Eshallgo '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 Eshallgo'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 Eshallgo.
| 05/06/2024 |
| 12/02/2024 |
If you would invest 0.00 in Eshallgo on May 6, 2024 and sell it all today you would earn a total of 0.00 from holding Eshallgo Class A or generate 0.0% return on investment in Eshallgo over 210 days. Eshallgo is related to or competes with ServiceNow, Asure Software, CVR Partners, Codexis, NL Industries, and Eastman Chemical. Eshallgo is entity of United States. It is traded as Stock on NASDAQ exchange. More
Eshallgo 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 Eshallgo'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 Eshallgo Class A upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.53 | |||
| Information Ratio | 0.1445 | |||
| Maximum Drawdown | 46.99 | |||
| Value At Risk | (8.75) | |||
| Potential Upside | 14.29 |
Eshallgo Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Eshallgo's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Eshallgo's standard deviation. In reality, there are many statistical measures that can use Eshallgo historical prices to predict the future Eshallgo's volatility.| Risk Adjusted Performance | 0.1347 | |||
| Jensen Alpha | 1.19 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | 0.1511 | |||
| Treynor Ratio | (1.80) |
Eshallgo Class A Backtested Returns
Eshallgo is dangerous given 3 months investment horizon. Eshallgo Class A secures Sharpe Ratio (or Efficiency) of 0.15, which denotes the company had a 0.15% return per unit of risk over the last 3 months. We were able to analyze and collect data for twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.05% are justified by taking the suggested risk. Use Eshallgo Downside Deviation of 6.53, coefficient of variation of 607.54, and Mean Deviation of 4.63 to evaluate company specific risk that cannot be diversified away. Eshallgo holds a performance score of 12 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of -0.62, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Eshallgo are expected to decrease at a much lower rate. During the bear market, Eshallgo is likely to outperform the market. Use Eshallgo jensen alpha, semi variance, day typical price, as well as the relationship between the maximum drawdown and accumulation distribution , to analyze future returns on Eshallgo.
Auto-correlation | 0.15 |
Insignificant predictability
Eshallgo Class A has insignificant predictability. Overlapping area represents the amount of predictability between Eshallgo time series from 6th of May 2024 to 19th of August 2024 and 19th of August 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 Eshallgo Class A price movement. The serial correlation of 0.15 indicates that less than 15.0% of current Eshallgo price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.15 | |
| Spearman Rank Test | 0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Eshallgo Class A lagged returns against current returns
Autocorrelation, which is Eshallgo 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 Eshallgo's stock expected returns. We can calculate the autocorrelation of Eshallgo returns to help us make a trade decision. For example, suppose you find that Eshallgo 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 |
Eshallgo 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 Eshallgo stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Eshallgo stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Eshallgo stock over time.
Current vs Lagged Prices |
| Timeline |
Eshallgo Lagged Returns
When evaluating Eshallgo's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Eshallgo stock have on its future price. Eshallgo 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, Eshallgo autocorrelation shows the relationship between Eshallgo stock current value and its past values and can show if there is a momentum factor associated with investing in Eshallgo Class A.
Regressed Prices |
| Timeline |
Pair Trading with Eshallgo
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 Eshallgo 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 Eshallgo will appreciate offsetting losses from the drop in the long position's value.Moving together with Eshallgo Stock
Moving against Eshallgo Stock
| 0.95 | CDW | CDW Corp | PairCorr |
| 0.81 | VRME | VerifyMe | PairCorr |
| 0.73 | EVLV | Evolv Technologies Trending | PairCorr |
| 0.67 | JNPR | Juniper Networks | PairCorr |
| 0.66 | VSH | Vishay Intertechnology Tech Boost | PairCorr |
The ability to find closely correlated positions to Eshallgo could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Eshallgo 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 Eshallgo - 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 Eshallgo Class A to buy it.
The correlation of Eshallgo 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 Eshallgo moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Eshallgo Class A 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 Eshallgo 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 Eshallgo Correlation, Eshallgo Volatility and Eshallgo Alpha and Beta module to complement your research on Eshallgo. You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
Eshallgo 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.