Ess Tech Stock Market Value
| GWH Stock | USD 6.26 0.17 2.79% |
| Symbol | ESS |
ESS Tech Price To Book Ratio
Is Electrical Components & Equipment 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 ESS Tech. If investors know ESS 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 ESS Tech listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (6.62) | Revenue Per Share 0.654 | Quarterly Revenue Growth (0.88) | Return On Assets (0.42) | Return On Equity (0.88) |
The market value of ESS Tech is measured differently than its book value, which is the value of ESS that is recorded on the company's balance sheet. Investors also form their own opinion of ESS Tech's value that differs from its market value or its book value, called intrinsic value, which is ESS Tech'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 ESS Tech's market value can be influenced by many factors that don't directly affect ESS Tech'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 ESS Tech's value and its price as these two are different measures arrived at by different means. Investors typically determine if ESS Tech is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ESS Tech'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.
ESS Tech '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 ESS Tech'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 ESS Tech.
| 09/03/2024 |
| 12/02/2024 |
If you would invest 0.00 in ESS Tech on September 3, 2024 and sell it all today you would earn a total of 0.00 from holding ESS Tech or generate 0.0% return on investment in ESS Tech over 90 days. ESS Tech is related to or competes with Fluence Energy, Solid Power, Eos Energy, FREYR Battery, and LiCycle Holdings. ESS Tech, Inc., an energy storage company, designs and produces iron flow batteries for commercial and utility-scale ene... More
ESS Tech 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 ESS Tech'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 ESS Tech upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 8.54 | |||
| Information Ratio | 0.0306 | |||
| Maximum Drawdown | 48.03 | |||
| Value At Risk | (10.66) | |||
| Potential Upside | 11.26 |
ESS Tech Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ESS Tech's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ESS Tech's standard deviation. In reality, there are many statistical measures that can use ESS Tech historical prices to predict the future ESS Tech's volatility.| Risk Adjusted Performance | 0.0462 | |||
| Jensen Alpha | 0.0226 | |||
| Total Risk Alpha | (0.91) | |||
| Sortino Ratio | 0.0273 | |||
| Treynor Ratio | 0.1361 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of ESS Tech'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.
ESS Tech Backtested Returns
ESS Tech is risky at the moment. ESS Tech secures Sharpe Ratio (or Efficiency) of 0.0189, which denotes the company had a 0.0189% return per unit of volatility over the last 3 months. We have found twenty-nine technical indicators for ESS Tech, which you can use to evaluate the volatility of the firm. Please confirm ESS Tech's Market Risk Adjusted Performance of 0.1461, mean deviation of 5.6, and Downside Deviation of 8.54 to check if the risk estimate we provide is consistent with the expected return of 0.14%. ESS Tech has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 2.65, 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, ESS Tech will likely underperform. ESS Tech currently shows a risk of 7.34%. Please confirm ESS Tech value at risk, as well as the relationship between the skewness and day median price , to decide if ESS Tech will be following its price patterns.
Auto-correlation | -0.47 |
Modest reverse predictability
ESS Tech has modest reverse predictability. Overlapping area represents the amount of predictability between ESS Tech time series from 3rd of September 2024 to 18th of October 2024 and 18th of October 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 ESS Tech price movement. The serial correlation of -0.47 indicates that about 47.0% of current ESS Tech price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.47 | |
| Spearman Rank Test | -0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 1.76 |
ESS Tech lagged returns against current returns
Autocorrelation, which is ESS Tech 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 ESS Tech's stock expected returns. We can calculate the autocorrelation of ESS Tech returns to help us make a trade decision. For example, suppose you find that ESS Tech 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 |
ESS Tech 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 ESS Tech stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ESS Tech stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ESS Tech stock over time.
Current vs Lagged Prices |
| Timeline |
ESS Tech Lagged Returns
When evaluating ESS Tech's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ESS Tech stock have on its future price. ESS Tech 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, ESS Tech autocorrelation shows the relationship between ESS Tech stock current value and its past values and can show if there is a momentum factor associated with investing in ESS Tech.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether ESS Tech offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of ESS Tech'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 Ess Tech Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Ess Tech Stock:Check out ESS Tech Correlation, ESS Tech Volatility and ESS Tech Alpha and Beta module to complement your research on ESS Tech. For more detail on how to invest in ESS Stock please use our How to Invest in ESS Tech guide.You can also try the Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.
ESS Tech 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.