Electrocore Llc Stock Market Value
| ECOR Stock | USD 11.35 0.14 1.25% |
| Symbol | Electrocore |
Electrocore LLC 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 Electrocore LLC. If investors know Electrocore 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 Electrocore LLC listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.74) | Revenue Per Share 3.246 | Quarterly Revenue Growth 0.729 | Return On Assets (0.49) | Return On Equity (1.53) |
The market value of Electrocore LLC is measured differently than its book value, which is the value of Electrocore that is recorded on the company's balance sheet. Investors also form their own opinion of Electrocore LLC's value that differs from its market value or its book value, called intrinsic value, which is Electrocore LLC'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 Electrocore LLC's market value can be influenced by many factors that don't directly affect Electrocore LLC'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 Electrocore LLC's value and its price as these two are different measures arrived at by different means. Investors typically determine if Electrocore LLC is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Electrocore LLC'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.
Electrocore LLC '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 Electrocore LLC'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 Electrocore LLC.
| 02/04/2023 |
| 11/25/2024 |
If you would invest 0.00 in Electrocore LLC on February 4, 2023 and sell it all today you would earn a total of 0.00 from holding Electrocore LLC or generate 0.0% return on investment in Electrocore LLC over 660 days. Electrocore LLC is related to or competes with STRATA Skin, Sight Sciences, Neuropace, IRIDEX, EnVVeno Medical, Tenon Medical, and Tivic Health. electroCore, Inc., a commercial stage medical device company, engages in the development and commercialization of a rang... More
Electrocore LLC 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 Electrocore LLC'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 Electrocore LLC upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.87 | |||
| Information Ratio | 0.1852 | |||
| Maximum Drawdown | 31.25 | |||
| Value At Risk | (5.49) | |||
| Potential Upside | 10.06 |
Electrocore LLC Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Electrocore LLC's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Electrocore LLC's standard deviation. In reality, there are many statistical measures that can use Electrocore LLC historical prices to predict the future Electrocore LLC's volatility.| Risk Adjusted Performance | 0.1701 | |||
| Jensen Alpha | 1.15 | |||
| Total Risk Alpha | 0.2637 | |||
| Sortino Ratio | 0.196 | |||
| Treynor Ratio | (1.63) |
Electrocore LLC Backtested Returns
Electrocore LLC is somewhat reliable given 3 months investment horizon. Electrocore LLC secures Sharpe Ratio (or Efficiency) of 0.22, which denotes the company had a 0.22% return per unit of risk over the last 3 months. We were able to break down and interpolate data for twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.16% are justified by taking the suggested risk. Use Electrocore LLC Coefficient Of Variation of 474.75, mean deviation of 3.59, and Downside Deviation of 4.87 to evaluate company specific risk that cannot be diversified away. Electrocore LLC holds a performance score of 17 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of -0.66, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Electrocore LLC are expected to decrease at a much lower rate. During the bear market, Electrocore LLC is likely to outperform the market. Use Electrocore LLC value at risk, and the relationship between the jensen alpha and skewness , to analyze future returns on Electrocore LLC.
Auto-correlation | 0.05 |
Virtually no predictability
Electrocore LLC has virtually no predictability. Overlapping area represents the amount of predictability between Electrocore LLC time series from 4th of February 2023 to 31st of December 2023 and 31st of December 2023 to 25th 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 Electrocore LLC price movement. The serial correlation of 0.05 indicates that only as little as 5.0% of current Electrocore LLC price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.05 | |
| Spearman Rank Test | -0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 2.95 |
Electrocore LLC lagged returns against current returns
Autocorrelation, which is Electrocore LLC 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 Electrocore LLC's stock expected returns. We can calculate the autocorrelation of Electrocore LLC returns to help us make a trade decision. For example, suppose you find that Electrocore LLC 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 |
Electrocore LLC 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 Electrocore LLC stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Electrocore LLC stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Electrocore LLC stock over time.
Current vs Lagged Prices |
| Timeline |
Electrocore LLC Lagged Returns
When evaluating Electrocore LLC's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Electrocore LLC stock have on its future price. Electrocore LLC 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, Electrocore LLC autocorrelation shows the relationship between Electrocore LLC stock current value and its past values and can show if there is a momentum factor associated with investing in Electrocore LLC.
Regressed Prices |
| Timeline |
Pair Trading with Electrocore LLC
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 Electrocore LLC 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 Electrocore LLC will appreciate offsetting losses from the drop in the long position's value.Moving together with Electrocore Stock
Moving against Electrocore Stock
| 0.83 | AGL | agilon health Buyout Trend | PairCorr |
| 0.8 | EVH | Evolent Health | PairCorr |
| 0.78 | FORA | Forian Inc | PairCorr |
| 0.74 | AMN | AMN Healthcare Services | PairCorr |
| 0.7 | PHG | Koninklijke Philips | PairCorr |
The ability to find closely correlated positions to Electrocore LLC could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Electrocore LLC 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 Electrocore LLC - 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 Electrocore LLC to buy it.
The correlation of Electrocore LLC 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 Electrocore LLC moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Electrocore LLC 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 Electrocore LLC 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.Additional Tools for Electrocore Stock Analysis
When running Electrocore LLC's price analysis, check to measure Electrocore LLC's 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 Electrocore LLC is operating at the current time. Most of Electrocore LLC's value examination focuses on studying past and present price action to predict the probability of Electrocore LLC's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Electrocore LLC's price. Additionally, you may evaluate how the addition of Electrocore LLC to your portfolios can decrease your overall portfolio volatility.