Evergreen Warrant Stock Market Value
| EVGRW Stock | USD 0.06 0.0001 0.17% |
| Symbol | Evergreen |
Evergreen Warrant Price To Book Ratio
Is Asset Management & Custody Banks 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 Evergreen Warrant. If investors know Evergreen 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 Evergreen Warrant 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 (0.22) | Return On Assets (0.01) |
The market value of Evergreen Warrant is measured differently than its book value, which is the value of Evergreen that is recorded on the company's balance sheet. Investors also form their own opinion of Evergreen Warrant's value that differs from its market value or its book value, called intrinsic value, which is Evergreen Warrant'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 Evergreen Warrant's market value can be influenced by many factors that don't directly affect Evergreen Warrant'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 Evergreen Warrant's value and its price as these two are different measures arrived at by different means. Investors typically determine if Evergreen Warrant is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Evergreen Warrant'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.
Evergreen Warrant '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 Evergreen Warrant'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 Evergreen Warrant.
| 11/19/2023 |
| 12/13/2024 |
If you would invest 0.00 in Evergreen Warrant on November 19, 2023 and sell it all today you would earn a total of 0.00 from holding Evergreen Warrant or generate 0.0% return on investment in Evergreen Warrant over 390 days. Evergreen Warrant is related to or competes with Visa, Diamond Hill, Distoken Acquisition, AllianceBernstein, Associated Capital, Brookfield Corp, and Blackstone. It intends to complete a business combination target on technology companies involved in artificial intelligence, fintec... More
Evergreen Warrant 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 Evergreen Warrant'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 Evergreen Warrant upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 24.61 | |||
| Information Ratio | 0.0943 | |||
| Maximum Drawdown | 120.9 | |||
| Value At Risk | (25.89) | |||
| Potential Upside | 37.58 |
Evergreen Warrant Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Evergreen Warrant's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Evergreen Warrant's standard deviation. In reality, there are many statistical measures that can use Evergreen Warrant historical prices to predict the future Evergreen Warrant's volatility.| Risk Adjusted Performance | 0.0819 | |||
| Jensen Alpha | 2.21 | |||
| Total Risk Alpha | (0.90) | |||
| Sortino Ratio | 0.0836 | |||
| Treynor Ratio | (4.16) |
Evergreen Warrant Backtested Returns
Evergreen Warrant is out of control given 3 months investment horizon. Evergreen Warrant secures Sharpe Ratio (or Efficiency) of 0.0747, which denotes the company had a 0.0747% return per unit of risk over the last 3 months. We were able to interpolate data for twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.14% are justified by taking the suggested risk. Use Evergreen Warrant Downside Deviation of 24.61, mean deviation of 13.87, and Coefficient Of Variation of 1006.09 to evaluate company specific risk that cannot be diversified away. Evergreen Warrant holds a performance score of 5 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of -0.52, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Evergreen Warrant are expected to decrease at a much lower rate. During the bear market, Evergreen Warrant is likely to outperform the market. Use Evergreen Warrant total risk alpha and the relationship between the downside variance and period momentum indicator , to analyze future returns on Evergreen Warrant.
Auto-correlation | -0.23 |
Weak reverse predictability
Evergreen Warrant has weak reverse predictability. Overlapping area represents the amount of predictability between Evergreen Warrant time series from 19th of November 2023 to 1st of June 2024 and 1st of June 2024 to 13th 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 Evergreen Warrant price movement. The serial correlation of -0.23 indicates that over 23.0% of current Evergreen Warrant price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.23 | |
| Spearman Rank Test | 0.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Evergreen Warrant lagged returns against current returns
Autocorrelation, which is Evergreen Warrant 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 Evergreen Warrant's stock expected returns. We can calculate the autocorrelation of Evergreen Warrant returns to help us make a trade decision. For example, suppose you find that Evergreen Warrant 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 |
Evergreen Warrant 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 Evergreen Warrant stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Evergreen Warrant stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Evergreen Warrant stock over time.
Current vs Lagged Prices |
| Timeline |
Evergreen Warrant Lagged Returns
When evaluating Evergreen Warrant's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Evergreen Warrant stock have on its future price. Evergreen Warrant 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, Evergreen Warrant autocorrelation shows the relationship between Evergreen Warrant stock current value and its past values and can show if there is a momentum factor associated with investing in Evergreen Warrant.
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 Evergreen Stock Analysis
When running Evergreen Warrant's price analysis, check to measure Evergreen Warrant'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 Evergreen Warrant is operating at the current time. Most of Evergreen Warrant's value examination focuses on studying past and present price action to predict the probability of Evergreen Warrant's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Evergreen Warrant's price. Additionally, you may evaluate how the addition of Evergreen Warrant to your portfolios can decrease your overall portfolio volatility.