Enhabit Stock Market Value
| EHAB Stock | USD 7.62 0.06 0.79% |
| Symbol | Enhabit |
Enhabit Price To Book Ratio
Is Health Care Providers & Services 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 Enhabit. If investors know Enhabit 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 Enhabit listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.92) | Earnings Share (2.33) | Revenue Per Share 20.661 | Quarterly Revenue Growth (0.02) | Return On Assets 0.0177 |
The market value of Enhabit is measured differently than its book value, which is the value of Enhabit that is recorded on the company's balance sheet. Investors also form their own opinion of Enhabit's value that differs from its market value or its book value, called intrinsic value, which is Enhabit'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 Enhabit's market value can be influenced by many factors that don't directly affect Enhabit'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 Enhabit's value and its price as these two are different measures arrived at by different means. Investors typically determine if Enhabit is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Enhabit'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.
Enhabit '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 Enhabit'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 Enhabit.
| 01/31/2024 |
| 11/26/2024 |
If you would invest 0.00 in Enhabit on January 31, 2024 and sell it all today you would earn a total of 0.00 from holding Enhabit or generate 0.0% return on investment in Enhabit over 300 days. Enhabit is related to or competes with Ensign, Pennant, InnovAge Holding, National HealthCare, Select Medical, Encompass Health, and Acadia Healthcare. Enhabit, Inc. provides home health and hospice services in the United States More
Enhabit 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 Enhabit'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 Enhabit upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 11.79 | |||
| Value At Risk | (4.56) | |||
| Potential Upside | 5.22 |
Enhabit Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Enhabit's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Enhabit's standard deviation. In reality, there are many statistical measures that can use Enhabit historical prices to predict the future Enhabit's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.24) | |||
| Total Risk Alpha | (0.50) | |||
| Treynor Ratio | (0.07) |
Enhabit Backtested Returns
Enhabit secures Sharpe Ratio (or Efficiency) of -0.0349, which denotes the company had a -0.0349% return per unit of risk over the last 3 months. Enhabit exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Enhabit's Variance of 7.0, mean deviation of 1.89, and Standard Deviation of 2.65 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.31, 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, Enhabit will likely underperform. At this point, Enhabit has a negative expected return of -0.0929%. Please make sure to confirm Enhabit's value at risk, accumulation distribution, and the relationship between the treynor ratio and skewness , to decide if Enhabit performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.05 |
Virtually no predictability
Enhabit has virtually no predictability. Overlapping area represents the amount of predictability between Enhabit time series from 31st of January 2024 to 29th of June 2024 and 29th of June 2024 to 26th 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 Enhabit price movement. The serial correlation of 0.05 indicates that only as little as 5.0% of current Enhabit price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.05 | |
| Spearman Rank Test | 0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 0.83 |
Enhabit lagged returns against current returns
Autocorrelation, which is Enhabit 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 Enhabit's stock expected returns. We can calculate the autocorrelation of Enhabit returns to help us make a trade decision. For example, suppose you find that Enhabit 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 |
Enhabit 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 Enhabit stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Enhabit stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Enhabit stock over time.
Current vs Lagged Prices |
| Timeline |
Enhabit Lagged Returns
When evaluating Enhabit's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Enhabit stock have on its future price. Enhabit 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, Enhabit autocorrelation shows the relationship between Enhabit stock current value and its past values and can show if there is a momentum factor associated with investing in Enhabit.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Enhabit offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Enhabit'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 Enhabit Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Enhabit Stock:Check out Enhabit Correlation, Enhabit Volatility and Enhabit Alpha and Beta module to complement your research on Enhabit. For information on how to trade Enhabit Stock refer to our How to Trade Enhabit Stock guide.You can also try the Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.
Enhabit 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.