Edible Garden Ag Stock Market Value
| EDBL Stock | USD 0.16 0.02 14.29% |
| Symbol | Edible |
Edible Garden AG Price To Book Ratio
Is Packaged Foods & Meats 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 Edible Garden. If investors know Edible 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 Edible Garden listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (18.61) | Revenue Per Share 21.628 | Quarterly Revenue Growth 0.011 | Return On Assets (0.58) | Return On Equity (6.03) |
The market value of Edible Garden AG is measured differently than its book value, which is the value of Edible that is recorded on the company's balance sheet. Investors also form their own opinion of Edible Garden's value that differs from its market value or its book value, called intrinsic value, which is Edible Garden'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 Edible Garden's market value can be influenced by many factors that don't directly affect Edible Garden'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 Edible Garden's value and its price as these two are different measures arrived at by different means. Investors typically determine if Edible Garden is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Edible Garden'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.
Edible Garden '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 Edible Garden'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 Edible Garden.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Edible Garden on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Edible Garden AG or generate 0.0% return on investment in Edible Garden over 30 days. Edible Garden is related to or competes with Golden Agri, Vital Farms, Local Bounti, Fresh Del, Alico, SW Seed, and Adecoagro. Edible Garden AG Incorporated and its subsidiaries operate as a controlled environment agriculture farming company More
Edible Garden 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 Edible Garden'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 Edible Garden AG upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.31) | |||
| Maximum Drawdown | 44.61 | |||
| Value At Risk | (16.05) | |||
| Potential Upside | 6.67 |
Edible Garden Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Edible Garden's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Edible Garden's standard deviation. In reality, there are many statistical measures that can use Edible Garden historical prices to predict the future Edible Garden's volatility.| Risk Adjusted Performance | (0.22) | |||
| Jensen Alpha | (2.80) | |||
| Total Risk Alpha | (3.87) | |||
| Treynor Ratio | (1.19) |
Edible Garden AG Backtested Returns
Edible Garden AG secures Sharpe Ratio (or Efficiency) of -0.31, which denotes the company had a -0.31% return per unit of risk over the last 3 months. Edible Garden AG exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Edible Garden's Variance of 71.6, standard deviation of 8.46, and Mean Deviation of 5.96 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 2.14, 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, Edible Garden will likely underperform. At this point, Edible Garden AG has a negative expected return of -2.62%. Please make sure to confirm Edible Garden's kurtosis, market facilitation index, and the relationship between the value at risk and rate of daily change , to decide if Edible Garden AG performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.79 |
Good predictability
Edible Garden AG has good predictability. Overlapping area represents the amount of predictability between Edible Garden time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 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 Edible Garden AG price movement. The serial correlation of 0.79 indicates that around 79.0% of current Edible Garden price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.79 | |
| Spearman Rank Test | 0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Edible Garden AG lagged returns against current returns
Autocorrelation, which is Edible Garden 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 Edible Garden's stock expected returns. We can calculate the autocorrelation of Edible Garden returns to help us make a trade decision. For example, suppose you find that Edible Garden 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 |
Edible Garden 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 Edible Garden stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Edible Garden stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Edible Garden stock over time.
Current vs Lagged Prices |
| Timeline |
Edible Garden Lagged Returns
When evaluating Edible Garden's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Edible Garden stock have on its future price. Edible Garden 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, Edible Garden autocorrelation shows the relationship between Edible Garden stock current value and its past values and can show if there is a momentum factor associated with investing in Edible Garden AG.
Regressed Prices |
| Timeline |
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectCheck out Edible Garden Correlation, Edible Garden Volatility and Edible Garden Alpha and Beta module to complement your research on Edible Garden. You can also try the Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.
Edible Garden technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.