Evolent Health Stock Forecast - Treynor Ratio
| EVH Stock | USD 11.25 0.34 2.93% |
Evolent Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of Evolent Health's historical fundamentals, such as revenue growth or operating cash flow patterns.
Evolent |
| Check Evolent Health Volatility | Backtest Evolent Health | Information Ratio |
Evolent Health Trading Date Momentum
| On November 25 2024 Evolent Health was traded for 11.25 at the closing time. Highest Evolent Health's price during the trading hours was 11.80 and the lowest price during the day was 11.18 . There was no trading activity during the period 0.0. Lack of trading volume on the 25th of November did not affect price variability. The overall trading delta to current price is 3.20% . |
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Other Forecasting Options for Evolent Health
For every potential investor in Evolent, whether a beginner or expert, Evolent Health's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Evolent Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Evolent. Basic forecasting techniques help filter out the noise by identifying Evolent Health's price trends.Evolent Health Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Evolent Health stock to make a market-neutral strategy. Peer analysis of Evolent Health could also be used in its relative valuation, which is a method of valuing Evolent Health by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Evolent Health Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Evolent Health's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Evolent Health's current price.| Cycle Indicators | ||
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Evolent Health Market Strength Events
Market strength indicators help investors to evaluate how Evolent Health stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Evolent Health shares will generate the highest return on investment. By undertsting and applying Evolent Health stock market strength indicators, traders can identify Evolent Health entry and exit signals to maximize returns.
Evolent Health Risk Indicators
The analysis of Evolent Health's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Evolent Health's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting evolent stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 3.11 | |||
| Standard Deviation | 6.47 | |||
| Variance | 41.92 |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
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When determining whether Evolent Health offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Evolent Health'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 Evolent Health Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Evolent Health Stock:Check out Historical Fundamental Analysis of Evolent Health to cross-verify your projections. For more detail on how to invest in Evolent Stock please use our How to Invest in Evolent Health guide.You can also try the Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.
Is Health Care Technology 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 Evolent Health. If investors know Evolent 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 Evolent Health listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.92) | Revenue Per Share 21.554 | Quarterly Revenue Growth 0.216 | Return On Assets 0.0073 | Return On Equity (0.06) |
The market value of Evolent Health is measured differently than its book value, which is the value of Evolent that is recorded on the company's balance sheet. Investors also form their own opinion of Evolent Health's value that differs from its market value or its book value, called intrinsic value, which is Evolent Health'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 Evolent Health's market value can be influenced by many factors that don't directly affect Evolent Health'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 Evolent Health's value and its price as these two are different measures arrived at by different means. Investors typically determine if Evolent Health is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Evolent Health'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.