Enovix Corp Stock Market Value
| ENVX Stock | USD 9.43 0.33 3.63% |
| Symbol | Enovix |
Enovix Corp Price To Book Ratio
Is Electrical Components & Equipment 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 Enovix Corp. If investors know Enovix 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 Enovix Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.45) | Revenue Per Share 0.122 | Quarterly Revenue Growth 20.585 | Return On Assets (0.26) | Return On Equity (1.16) |
The market value of Enovix Corp is measured differently than its book value, which is the value of Enovix that is recorded on the company's balance sheet. Investors also form their own opinion of Enovix Corp's value that differs from its market value or its book value, called intrinsic value, which is Enovix Corp'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 Enovix Corp's market value can be influenced by many factors that don't directly affect Enovix Corp'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 Enovix Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Enovix Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Enovix Corp'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.
Enovix Corp '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 Enovix Corp'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 Enovix Corp.
| 12/06/2022 |
| 11/25/2024 |
If you would invest 0.00 in Enovix Corp on December 6, 2022 and sell it all today you would earn a total of 0.00 from holding Enovix Corp or generate 0.0% return on investment in Enovix Corp over 720 days. Enovix Corp is related to or competes with Bloom Energy, Eos Energy, Sunrise New, Flux Power, GrafTech International, and Energizer Holdings. Enovix Corporation designs, develops, and manufactures lithium-ion batteries More
Enovix Corp 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 Enovix Corp'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 Enovix Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.54 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 34.07 | |||
| Value At Risk | (8.14) | |||
| Potential Upside | 9.59 |
Enovix Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Enovix Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Enovix Corp's standard deviation. In reality, there are many statistical measures that can use Enovix Corp historical prices to predict the future Enovix Corp's volatility.| Risk Adjusted Performance | 0.0138 | |||
| Jensen Alpha | (0.34) | |||
| Total Risk Alpha | (0.88) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.0095 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Enovix Corp's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Enovix Corp Backtested Returns
At this stage we consider Enovix Stock to be somewhat reliable. Enovix Corp secures Sharpe Ratio (or Efficiency) of 0.0076, which denotes the company had a 0.0076% return per unit of risk over the last 3 months. We have found thirty technical indicators for Enovix Corp, which you can use to evaluate the volatility of the firm. Please confirm Enovix Corp's Coefficient Of Variation of 14931.02, downside deviation of 5.54, and Mean Deviation of 4.33 to check if the risk estimate we provide is consistent with the expected return of 0.0446%. The firm shows a Beta (market volatility) of 3.03, 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, Enovix Corp will likely underperform. Enovix Corp right now shows a risk of 5.84%. Please confirm Enovix Corp maximum drawdown, as well as the relationship between the skewness and day typical price , to decide if Enovix Corp will be following its price patterns.
Auto-correlation | 0.49 |
Average predictability
Enovix Corp has average predictability. Overlapping area represents the amount of predictability between Enovix Corp time series from 6th of December 2022 to 1st of December 2023 and 1st 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 Enovix Corp price movement. The serial correlation of 0.49 indicates that about 49.0% of current Enovix Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.49 | |
| Spearman Rank Test | 0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 6.44 |
Enovix Corp lagged returns against current returns
Autocorrelation, which is Enovix Corp 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 Enovix Corp's stock expected returns. We can calculate the autocorrelation of Enovix Corp returns to help us make a trade decision. For example, suppose you find that Enovix Corp 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 |
Enovix Corp 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 Enovix Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Enovix Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Enovix Corp stock over time.
Current vs Lagged Prices |
| Timeline |
Enovix Corp Lagged Returns
When evaluating Enovix Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Enovix Corp stock have on its future price. Enovix Corp 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, Enovix Corp autocorrelation shows the relationship between Enovix Corp stock current value and its past values and can show if there is a momentum factor associated with investing in Enovix Corp.
Regressed Prices |
| Timeline |
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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.Additional Tools for Enovix Stock Analysis
When running Enovix Corp's price analysis, check to measure Enovix Corp'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 Enovix Corp is operating at the current time. Most of Enovix Corp's value examination focuses on studying past and present price action to predict the probability of Enovix Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Enovix Corp's price. Additionally, you may evaluate how the addition of Enovix Corp to your portfolios can decrease your overall portfolio volatility.