Envela Corp Stock Market Value
| ELA Stock | USD 6.66 0.07 1.06% |
| Symbol | Envela |
Envela Corp Price To Book Ratio
Is Other Specialty Retail 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 Envela Corp. If investors know Envela 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 Envela Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share 0.25 | Revenue Per Share 6.3 | Quarterly Revenue Growth 0.272 | Return On Assets 0.0648 | Return On Equity 0.1307 |
The market value of Envela Corp is measured differently than its book value, which is the value of Envela that is recorded on the company's balance sheet. Investors also form their own opinion of Envela Corp's value that differs from its market value or its book value, called intrinsic value, which is Envela Corp'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 Envela Corp's market value can be influenced by many factors that don't directly affect Envela Corp'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 Envela Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Envela Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Envela Corp'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.
Envela Corp '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 Envela Corp'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 Envela Corp.
| 12/09/2022 |
| 11/28/2024 |
If you would invest 0.00 in Envela Corp on December 9, 2022 and sell it all today you would earn a total of 0.00 from holding Envela Corp or generate 0.0% return on investment in Envela Corp over 720 days. Envela Corp is related to or competes with Movado, MYT Netherlands, Tapestry, Capri Holdings, Lanvin Group, Fossil, and Brilliant Earth. Envela Corporation, together with its subsidiaries, primarily buys and sells jewelry and bullion products to individual ... More
Envela Corp 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 Envela Corp'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 Envela Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.65 | |||
| Information Ratio | 0.1786 | |||
| Maximum Drawdown | 9.11 | |||
| Value At Risk | (1.71) | |||
| Potential Upside | 3.53 |
Envela Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Envela Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Envela Corp's standard deviation. In reality, there are many statistical measures that can use Envela Corp historical prices to predict the future Envela Corp's volatility.| Risk Adjusted Performance | 0.1963 | |||
| Jensen Alpha | 0.4239 | |||
| Total Risk Alpha | 0.1655 | |||
| Sortino Ratio | 0.1933 | |||
| Treynor Ratio | 4.57 |
Envela Corp Backtested Returns
Envela Corp appears to be not too volatile, given 3 months investment horizon. Envela Corp secures Sharpe Ratio (or Efficiency) of 0.28, which denotes the company had a 0.28% return per unit of risk over the last 3 months. By reviewing Envela Corp's technical indicators, you can evaluate if the expected return of 0.5% is justified by implied risk. Please utilize Envela Corp's Coefficient Of Variation of 402.14, downside deviation of 1.65, and Mean Deviation of 1.33 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Envela Corp holds a performance score of 22. The firm shows a Beta (market volatility) of 0.0951, which means not very significant fluctuations relative to the market. As returns on the market increase, Envela Corp's returns are expected to increase less than the market. However, during the bear market, the loss of holding Envela Corp is expected to be smaller as well. Please check Envela Corp's treynor ratio, downside variance, kurtosis, as well as the relationship between the value at risk and expected short fall , to make a quick decision on whether Envela Corp's price patterns will revert.
Auto-correlation | -0.72 |
Almost perfect reverse predictability
Envela Corp has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Envela Corp time series from 9th of December 2022 to 4th of December 2023 and 4th of December 2023 to 28th of November 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 Envela Corp price movement. The serial correlation of -0.72 indicates that around 72.0% of current Envela Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.72 | |
| Spearman Rank Test | -0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 0.25 |
Envela Corp lagged returns against current returns
Autocorrelation, which is Envela Corp 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 Envela Corp's stock expected returns. We can calculate the autocorrelation of Envela Corp returns to help us make a trade decision. For example, suppose you find that Envela Corp 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 |
Envela Corp 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 Envela Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Envela Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Envela Corp stock over time.
Current vs Lagged Prices |
| Timeline |
Envela Corp Lagged Returns
When evaluating Envela Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Envela Corp stock have on its future price. Envela Corp 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, Envela Corp autocorrelation shows the relationship between Envela Corp stock current value and its past values and can show if there is a momentum factor associated with investing in Envela Corp.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Envela Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Envela Corp's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Envela Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Envela Corp Stock:Check out Envela Corp Correlation, Envela Corp Volatility and Envela Corp Alpha and Beta module to complement your research on Envela Corp. For information on how to trade Envela Stock refer to our How to Trade Envela Stock guide.You can also try the Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.
Envela Corp 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.