Endra Life Sciences Stock Market Value
| NDRA Stock | USD 5.71 0.34 5.62% |
| Symbol | ENDRA |
ENDRA Life Sciences Price To Book Ratio
Is Health Care Equipment & Supplies 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 ENDRA Life. If investors know ENDRA 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 ENDRA Life listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (105.78) | Return On Assets (0.61) | Return On Equity (1.20) |
The market value of ENDRA Life Sciences is measured differently than its book value, which is the value of ENDRA that is recorded on the company's balance sheet. Investors also form their own opinion of ENDRA Life's value that differs from its market value or its book value, called intrinsic value, which is ENDRA Life'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 ENDRA Life's market value can be influenced by many factors that don't directly affect ENDRA Life'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 ENDRA Life's value and its price as these two are different measures arrived at by different means. Investors typically determine if ENDRA Life is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ENDRA Life'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.
ENDRA Life '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 ENDRA Life'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 ENDRA Life.
| 12/12/2022 |
| 12/01/2024 |
If you would invest 0.00 in ENDRA Life on December 12, 2022 and sell it all today you would earn a total of 0.00 from holding ENDRA Life Sciences or generate 0.0% return on investment in ENDRA Life over 720 days. ENDRA Life is related to or competes with Burning Rock, Neuronetics, DarioHealth Corp, Sera Prognostics, Star Equity, Standard Biotools, and Biodesix. ENDRA Life Sciences Inc. develops technology for improving the capabilities of clinical diagnostic ultrasound More
ENDRA Life 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 ENDRA Life'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 ENDRA Life Sciences upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 111.83 | |||
| Value At Risk | (14.18) | |||
| Potential Upside | 12.41 |
ENDRA Life Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ENDRA Life's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ENDRA Life's standard deviation. In reality, there are many statistical measures that can use ENDRA Life historical prices to predict the future ENDRA Life's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.75) | |||
| Total Risk Alpha | (2.96) | |||
| Treynor Ratio | (2.84) |
ENDRA Life Sciences Backtested Returns
ENDRA Life Sciences secures Sharpe Ratio (or Efficiency) of -0.0358, which denotes the company had a -0.0358% return per unit of risk over the last 3 months. ENDRA Life Sciences exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm ENDRA Life's Standard Deviation of 13.44, mean deviation of 6.88, and Variance of 180.51 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.25, which means not very significant fluctuations relative to the market. As returns on the market increase, ENDRA Life's returns are expected to increase less than the market. However, during the bear market, the loss of holding ENDRA Life is expected to be smaller as well. At this point, ENDRA Life Sciences has a negative expected return of -0.48%. Please make sure to confirm ENDRA Life's skewness, day typical price, and the relationship between the maximum drawdown and daily balance of power , to decide if ENDRA Life Sciences performance from the past will be repeated in the future.
Auto-correlation | 0.95 |
Excellent predictability
ENDRA Life Sciences has excellent predictability. Overlapping area represents the amount of predictability between ENDRA Life time series from 12th of December 2022 to 7th of December 2023 and 7th of December 2023 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 ENDRA Life Sciences price movement. The serial correlation of 0.95 indicates that approximately 95.0% of current ENDRA Life price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.95 | |
| Spearman Rank Test | 0.95 | |
| Residual Average | 0.0 | |
| Price Variance | 994.4 K |
ENDRA Life Sciences lagged returns against current returns
Autocorrelation, which is ENDRA Life 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 ENDRA Life's stock expected returns. We can calculate the autocorrelation of ENDRA Life returns to help us make a trade decision. For example, suppose you find that ENDRA Life 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 |
ENDRA Life 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 ENDRA Life stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ENDRA Life stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ENDRA Life stock over time.
Current vs Lagged Prices |
| Timeline |
ENDRA Life Lagged Returns
When evaluating ENDRA Life's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ENDRA Life stock have on its future price. ENDRA Life 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, ENDRA Life autocorrelation shows the relationship between ENDRA Life stock current value and its past values and can show if there is a momentum factor associated with investing in ENDRA Life Sciences.
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 ENDRA Life Sciences offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of ENDRA Life'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 Endra Life Sciences Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Endra Life Sciences Stock:Check out ENDRA Life Correlation, ENDRA Life Volatility and ENDRA Life Alpha and Beta module to complement your research on ENDRA Life. You can also try the Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.
ENDRA Life 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.