Eplus Inc Stock Market Value
| PLUS Stock | USD 80.81 1.89 2.29% |
| Symbol | EPlus |
ePlus inc Price To Book Ratio
Is Electronic Equipment, Instruments & 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 EPlus. If investors know EPlus 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 EPlus 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 (0.04) | Earnings Share 3.94 | Revenue Per Share 79.767 | Quarterly Revenue Growth (0.12) | Return On Assets 0.0549 |
The market value of ePlus inc is measured differently than its book value, which is the value of EPlus that is recorded on the company's balance sheet. Investors also form their own opinion of EPlus' value that differs from its market value or its book value, called intrinsic value, which is EPlus' 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 EPlus' market value can be influenced by many factors that don't directly affect EPlus' 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 EPlus' value and its price as these two are different measures arrived at by different means. Investors typically determine if EPlus is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, EPlus' 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.
EPlus '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 EPlus' 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 EPlus.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in EPlus on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding ePlus inc or generate 0.0% return on investment in EPlus over 30 days. EPlus is related to or competes with Progress Software, Agilysys, Sapiens International, PDF Solutions, PROS Holdings, Meridianlink, and CoreCard Corp. ePlus inc., together with its subsidiaries, provides information technology solutions that enable organizations to optim... More
EPlus 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 EPlus' 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 ePlus inc upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 25.14 | |||
| Value At Risk | (3.01) | |||
| Potential Upside | 3.43 |
EPlus Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for EPlus' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as EPlus' standard deviation. In reality, there are many statistical measures that can use EPlus historical prices to predict the future EPlus' volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.44) | |||
| Total Risk Alpha | (0.64) | |||
| Treynor Ratio | (0.09) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of EPlus' 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.
ePlus inc Backtested Returns
ePlus inc secures Sharpe Ratio (or Efficiency) of -0.0741, which denotes the company had a -0.0741% return per unit of risk over the last 3 months. ePlus inc exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm EPlus' Risk Adjusted Performance of (0.04), coefficient of variation of (1,570), and Standard Deviation of 2.95 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 2.09, 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, EPlus will likely underperform. At this point, ePlus inc has a negative expected return of -0.22%. Please make sure to confirm EPlus' total risk alpha, kurtosis, as well as the relationship between the Kurtosis and market facilitation index , to decide if ePlus inc performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.49 |
Average predictability
ePlus inc has average predictability. Overlapping area represents the amount of predictability between EPlus time series from 29th of October 2024 to 13th of November 2024 and 13th of November 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 ePlus inc price movement. The serial correlation of 0.49 indicates that about 49.0% of current EPlus price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.49 | |
| Spearman Rank Test | -0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 1.77 |
ePlus inc lagged returns against current returns
Autocorrelation, which is EPlus 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 EPlus' stock expected returns. We can calculate the autocorrelation of EPlus returns to help us make a trade decision. For example, suppose you find that EPlus 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 |
EPlus 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 EPlus stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if EPlus stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in EPlus stock over time.
Current vs Lagged Prices |
| Timeline |
EPlus Lagged Returns
When evaluating EPlus' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of EPlus stock have on its future price. EPlus 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, EPlus autocorrelation shows the relationship between EPlus stock current value and its past values and can show if there is a momentum factor associated with investing in ePlus inc.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for EPlus Stock Analysis
When running EPlus' price analysis, check to measure EPlus' 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 EPlus is operating at the current time. Most of EPlus' value examination focuses on studying past and present price action to predict the probability of EPlus' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move EPlus' price. Additionally, you may evaluate how the addition of EPlus to your portfolios can decrease your overall portfolio volatility.