Evotec Graham Number from 2010 to 2024
| EVO Stock | USD 4.89 0.40 8.91% |
Graham Number | First Reported 2010-12-31 | Previous Quarter 8.2191767 | Current Value 7.81 | Quarterly Volatility 82.92689866 |
Check Evotec SE financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Evotec SE's main balance sheet or income statement drivers, such as Other Operating Expenses of 932.9 M, Total Operating Expenses of 296.2 M or Depreciation And Amortization of 159.5 K, as well as many indicators such as Price To Sales Ratio of 6.99, Dividend Yield of 0.0011 or PTB Ratio of 2.21. Evotec financial statements analysis is a perfect complement when working with Evotec SE Valuation or Volatility modules.
Evotec | Graham Number |
Latest Evotec SE's Graham Number Growth Pattern
Below is the plot of the Graham Number of Evotec SE ADR over the last few years. It is Evotec SE's Graham Number historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Evotec SE's overall financial position and show how it may be relating to other accounts over time.
| Graham Number | 10 Years Trend |
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Graham Number |
| Timeline |
Evotec Graham Number Regression Statistics
| Arithmetic Mean | 26.36 | |
| Geometric Mean | 4.65 | |
| Coefficient Of Variation | 314.60 | |
| Mean Deviation | 39.91 | |
| Median | 2.93 | |
| Standard Deviation | 82.93 | |
| Sample Variance | 6,877 | |
| Range | 325 | |
| R-Value | (0.40) | |
| Mean Square Error | 6,236 | |
| R-Squared | 0.16 | |
| Significance | 0.14 | |
| Slope | (7.37) | |
| Total Sum of Squares | 96,276 |
Evotec Graham Number History
About Evotec SE Financial Statements
Evotec SE investors utilize fundamental indicators, such as Graham Number, to predict how Evotec Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
| Last Reported | Projected for Next Year | ||
| Graham Number | 8.22 | 7.81 |
Pair Trading with Evotec SE
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Evotec SE position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Evotec SE will appreciate offsetting losses from the drop in the long position's value.Moving against Evotec Stock
| 0.9 | PFE | Pfizer Inc Aggressive Push | PairCorr |
| 0.84 | TCHH | Trustcash Holdings | PairCorr |
| 0.77 | JNJ | Johnson Johnson Fiscal Year End 28th of January 2025 | PairCorr |
| 0.75 | AGL | agilon health Buyout Trend | PairCorr |
| 0.74 | ME | 23Andme Holding | PairCorr |
The ability to find closely correlated positions to Evotec SE could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Evotec SE when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Evotec SE - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Evotec SE ADR to buy it.
The correlation of Evotec SE is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Evotec SE moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Evotec SE ADR moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Evotec SE can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out the analysis of Evotec SE Correlation against competitors. You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
Is Biotechnology 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 Evotec SE. If investors know Evotec 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 Evotec SE listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.52) | Revenue Per Share 2.1925 | Quarterly Revenue Growth (0.06) | Return On Assets (0.02) | Return On Equity (0.16) |
The market value of Evotec SE ADR is measured differently than its book value, which is the value of Evotec that is recorded on the company's balance sheet. Investors also form their own opinion of Evotec SE's value that differs from its market value or its book value, called intrinsic value, which is Evotec SE'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 Evotec SE's market value can be influenced by many factors that don't directly affect Evotec SE'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 Evotec SE's value and its price as these two are different measures arrived at by different means. Investors typically determine if Evotec SE is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Evotec SE'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.