Evolv Technologies Holdings Stock Beta
| EVLVW Stock | USD 0.20 0.04 25.00% |
Evolv Technologies Holdings fundamentals help investors to digest information that contributes to Evolv Technologies' financial success or failures. It also enables traders to predict the movement of Evolv Stock. The fundamental analysis module provides a way to measure Evolv Technologies' intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Evolv Technologies stock.
Evolv | Beta |
Evolv Technologies Holdings Company Beta Analysis
Evolv Technologies' Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current Evolv Technologies Beta | 1.34 |
Most of Evolv Technologies' fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Evolv Technologies Holdings is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Evolv Beta Driver Correlations
Understanding the fundamental principles of building solid financial models for Evolv Technologies is extremely important. It helps to project a fair market value of Evolv Stock properly, considering its historical fundamentals such as Beta. Since Evolv Technologies' main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Evolv Technologies' historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Evolv Technologies' interrelated accounts and indicators.
Click cells to compare fundamentals
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
| Competition |
In accordance with the recently published financial statements, Evolv Technologies Holdings has a Beta of 1.336. This is 2.48% lower than that of the Electronic Equipment, Instruments & Components sector and 251.58% higher than that of the Information Technology industry. The beta for all United States stocks is notably lower than that of the firm.
Evolv Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Evolv Technologies' direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Evolv Technologies could also be used in its relative valuation, which is a method of valuing Evolv Technologies by comparing valuation metrics of similar companies.Evolv Technologies is currently under evaluation in beta category among its peers.
As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Evolv Technologies will likely underperform.
Evolv Fundamentals
| Return On Equity | -0.13 | ||||
| Return On Asset | -0.18 | ||||
| Profit Margin | (0.21) % | ||||
| Operating Margin | (0.79) % | ||||
| Number Of Shares Shorted | 17.52 K | ||||
| Revenue | 80.42 M | ||||
| EBITDA | (95.62 M) | ||||
| Net Income | (106.25 M) | ||||
| Cash And Equivalents | 242.69 M | ||||
| Cash Per Share | 1.68 X | ||||
| Total Debt | 1.39 M | ||||
| Debt To Equity | 0.05 % | ||||
| Current Ratio | 8.69 X | ||||
| Book Value Per Share | 0.97 X | ||||
| Cash Flow From Operations | (9.8 M) | ||||
| Earnings Per Share | (0.11) X | ||||
| Number Of Employees | 293 | ||||
| Beta | 1.34 | ||||
| Total Asset | 298.72 M | ||||
| Retained Earnings | (298.46 M) | ||||
| Working Capital | 93.8 M | ||||
| Net Asset | 298.72 M |
About Evolv Technologies Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Evolv Technologies Holdings's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Evolv Technologies using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Evolv Technologies Holdings based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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When running Evolv Technologies' price analysis, check to measure Evolv Technologies' 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 Evolv Technologies is operating at the current time. Most of Evolv Technologies' value examination focuses on studying past and present price action to predict the probability of Evolv Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Evolv Technologies' price. Additionally, you may evaluate how the addition of Evolv Technologies to your portfolios can decrease your overall portfolio volatility.