The Ensign Group Stock Market Value
| ENSG Stock | USD 145.98 0.36 0.25% |
| Symbol | Ensign |
Ensign Group Price To Book Ratio
Is Health Care Providers & Services 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 Ensign. If investors know Ensign 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 Ensign 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 0.207 | Dividend Share 0.24 | Earnings Share 4.12 | Revenue Per Share 72.801 | Quarterly Revenue Growth 0.15 |
The market value of Ensign Group is measured differently than its book value, which is the value of Ensign that is recorded on the company's balance sheet. Investors also form their own opinion of Ensign's value that differs from its market value or its book value, called intrinsic value, which is Ensign'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 Ensign's market value can be influenced by many factors that don't directly affect Ensign'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 Ensign's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ensign is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ensign'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.
Ensign '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 Ensign'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 Ensign.
| 08/30/2024 |
| 11/28/2024 |
If you would invest 0.00 in Ensign on August 30, 2024 and sell it all today you would earn a total of 0.00 from holding The Ensign Group or generate 0.0% return on investment in Ensign over 90 days. Ensign is related to or competes with Enhabit, Pennant, InnovAge Holding, National HealthCare, Select Medical, Encompass Health, and Universal Health. The Ensign Group, Inc. provides health care services in the post-acute care continuum and other ancillary businesses More
Ensign 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 Ensign'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 The Ensign Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.67 | |||
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 10.08 | |||
| Value At Risk | (2.11) | |||
| Potential Upside | 2.32 |
Ensign Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ensign's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ensign's standard deviation. In reality, there are many statistical measures that can use Ensign historical prices to predict the future Ensign's volatility.| Risk Adjusted Performance | 0.0072 | |||
| Jensen Alpha | 0.0313 | |||
| Total Risk Alpha | (0.24) | |||
| Sortino Ratio | (0.08) | |||
| Treynor Ratio | 0.0177 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Ensign'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.
Ensign Group Backtested Returns
Ensign Group secures Sharpe Ratio (or Efficiency) of -0.0299, which denotes the company had a -0.0299% return per unit of risk over the last 3 months. The Ensign Group exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Ensign's Downside Deviation of 1.67, risk adjusted performance of 0.0072, and Semi Deviation of 1.64 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.31, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Ensign are expected to decrease at a much lower rate. During the bear market, Ensign is likely to outperform the market. At this point, Ensign Group has a negative expected return of -0.0454%. Please make sure to confirm Ensign's downside variance, day median price, and the relationship between the treynor ratio and kurtosis , to decide if Ensign Group performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.58 |
Modest predictability
The Ensign Group has modest predictability. Overlapping area represents the amount of predictability between Ensign time series from 30th of August 2024 to 14th of October 2024 and 14th of October 2024 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 Ensign Group price movement. The serial correlation of 0.58 indicates that roughly 58.0% of current Ensign price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.58 | |
| Spearman Rank Test | 0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 13.33 |
Ensign Group lagged returns against current returns
Autocorrelation, which is Ensign 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 Ensign's stock expected returns. We can calculate the autocorrelation of Ensign returns to help us make a trade decision. For example, suppose you find that Ensign 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 |
Ensign 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 Ensign stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ensign stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ensign stock over time.
Current vs Lagged Prices |
| Timeline |
Ensign Lagged Returns
When evaluating Ensign's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ensign stock have on its future price. Ensign 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, Ensign autocorrelation shows the relationship between Ensign stock current value and its past values and can show if there is a momentum factor associated with investing in The Ensign Group.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether Ensign Group is a strong investment it is important to analyze Ensign's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Ensign's future performance. For an informed investment choice regarding Ensign Stock, refer to the following important reports:Check out Ensign Correlation, Ensign Volatility and Ensign Alpha and Beta module to complement your research on Ensign. You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
Ensign 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.