Eve Holding Stock Market Value
| EVEX Stock | USD 4.19 0.13 3.20% |
| Symbol | Eve |
Eve Holding Price To Book Ratio
Is Industrial Machinery & Supplies & 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 Eve Holding. If investors know Eve 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 Eve Holding listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.48) | Return On Assets (0.35) | Return On Equity (0.75) |
The market value of Eve Holding is measured differently than its book value, which is the value of Eve that is recorded on the company's balance sheet. Investors also form their own opinion of Eve Holding's value that differs from its market value or its book value, called intrinsic value, which is Eve Holding'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 Eve Holding's market value can be influenced by many factors that don't directly affect Eve Holding'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 Eve Holding's value and its price as these two are different measures arrived at by different means. Investors typically determine if Eve Holding is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Eve Holding'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.
Eve Holding '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 Eve Holding'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 Eve Holding.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Eve Holding on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Eve Holding or generate 0.0% return on investment in Eve Holding over 30 days. Eve Holding is related to or competes with Heico, Mercury Systems, AeroVironment, Howmet Aerospace, Lilium NV, Archer Aviation, and Ehang Holdings. It is involved in the design and production of eVTOLs provision of eVTOL service and support capabilities, including mat... More
Eve Holding 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 Eve Holding'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 Eve Holding upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.16 | |||
| Information Ratio | 0.1416 | |||
| Maximum Drawdown | 21.52 | |||
| Value At Risk | (4.21) | |||
| Potential Upside | 7.12 |
Eve Holding Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Eve Holding's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Eve Holding's standard deviation. In reality, there are many statistical measures that can use Eve Holding historical prices to predict the future Eve Holding's volatility.| Risk Adjusted Performance | 0.1433 | |||
| Jensen Alpha | 0.4039 | |||
| Total Risk Alpha | 0.0289 | |||
| Sortino Ratio | 0.1747 | |||
| Treynor Ratio | 0.3146 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Eve Holding'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.
Eve Holding Backtested Returns
Eve Holding appears to be slightly risky, given 3 months investment horizon. Eve Holding secures Sharpe Ratio (or Efficiency) of 0.19, which denotes the company had a 0.19% return per unit of risk over the last 3 months. By reviewing Eve Holding's technical indicators, you can evaluate if the expected return of 0.73% is justified by implied risk. Please utilize Eve Holding's Downside Deviation of 3.16, mean deviation of 2.57, and Coefficient Of Variation of 565.27 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Eve Holding holds a performance score of 14. The firm shows a Beta (market volatility) of 2.16, 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, Eve Holding will likely underperform. Please check Eve Holding's downside variance, and the relationship between the total risk alpha and daily balance of power , to make a quick decision on whether Eve Holding's price patterns will revert.
Auto-correlation | 0.91 |
Excellent predictability
Eve Holding has excellent predictability. Overlapping area represents the amount of predictability between Eve Holding time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st 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 Eve Holding price movement. The serial correlation of 0.91 indicates that approximately 91.0% of current Eve Holding price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.91 | |
| Spearman Rank Test | 0.92 | |
| Residual Average | 0.0 | |
| Price Variance | 0.26 |
Eve Holding lagged returns against current returns
Autocorrelation, which is Eve Holding 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 Eve Holding's stock expected returns. We can calculate the autocorrelation of Eve Holding returns to help us make a trade decision. For example, suppose you find that Eve Holding 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 |
Eve Holding 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 Eve Holding stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Eve Holding stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Eve Holding stock over time.
Current vs Lagged Prices |
| Timeline |
Eve Holding Lagged Returns
When evaluating Eve Holding's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Eve Holding stock have on its future price. Eve Holding 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, Eve Holding autocorrelation shows the relationship between Eve Holding stock current value and its past values and can show if there is a momentum factor associated with investing in Eve Holding.
Regressed Prices |
| Timeline |
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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.Additional Tools for Eve Stock Analysis
When running Eve Holding's price analysis, check to measure Eve Holding's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Eve Holding is operating at the current time. Most of Eve Holding's value examination focuses on studying past and present price action to predict the probability of Eve Holding's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Eve Holding's price. Additionally, you may evaluate how the addition of Eve Holding to your portfolios can decrease your overall portfolio volatility.