Eon Resources Stock Market Value
| EONR Stock | 0.80 0.22 21.57% |
| Symbol | EON |
Is Oil & Gas Exploration & Production 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 EON Resources. If investors know EON 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 EON Resources listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.08) | Revenue Per Share 8.873 | Quarterly Revenue Growth (0.26) | Return On Assets (0.02) | Return On Equity (1.35) |
The market value of EON Resources is measured differently than its book value, which is the value of EON that is recorded on the company's balance sheet. Investors also form their own opinion of EON Resources' value that differs from its market value or its book value, called intrinsic value, which is EON Resources' 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 EON Resources' market value can be influenced by many factors that don't directly affect EON Resources' 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 EON Resources' value and its price as these two are different measures arrived at by different means. Investors typically determine if EON Resources is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, EON Resources' 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.
EON Resources '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 EON Resources' 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 EON Resources.
| 07/05/2023 |
| 11/26/2024 |
If you would invest 0.00 in EON Resources on July 5, 2023 and sell it all today you would earn a total of 0.00 from holding EON Resources or generate 0.0% return on investment in EON Resources over 510 days. EON Resources is related to or competes with ConocoPhillips, Occidental Petroleum, EOG Resources, and Coterra Energy. EON Resources is entity of United States More
EON Resources 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 EON Resources' 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 EON Resources upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 138.86 | |||
| Value At Risk | (17.90) | |||
| Potential Upside | 14.71 |
EON Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for EON Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as EON Resources' standard deviation. In reality, there are many statistical measures that can use EON Resources historical prices to predict the future EON Resources' volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (3.20) | |||
| Treynor Ratio | 0.1574 |
EON Resources Backtested Returns
EON Resources secures Sharpe Ratio (or Efficiency) of -0.0178, which denotes the company had a -0.0178% return per unit of risk over the last 3 months. EON Resources exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm EON Resources' Mean Deviation of 8.52, standard deviation of 17.18, and Coefficient Of Variation of (3,286) to check the risk estimate we provide. The firm shows a Beta (market volatility) of -3.39, which means a somewhat significant risk relative to the market. As returns on the market increase, returns on owning EON Resources are expected to decrease by larger amounts. On the other hand, during market turmoil, EON Resources is expected to outperform it. At this point, EON Resources has a negative expected return of -0.31%. Please make sure to confirm EON Resources' potential upside, as well as the relationship between the rate of daily change and period momentum indicator , to decide if EON Resources performance from the past will be repeated at future time.
Auto-correlation | 0.75 |
Good predictability
EON Resources has good predictability. Overlapping area represents the amount of predictability between EON Resources time series from 5th of July 2023 to 16th of March 2024 and 16th of March 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 EON Resources price movement. The serial correlation of 0.75 indicates that around 75.0% of current EON Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.75 | |
| Spearman Rank Test | 0.61 | |
| Residual Average | 0.0 | |
| Price Variance | 0.41 |
EON Resources lagged returns against current returns
Autocorrelation, which is EON Resources 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 EON Resources' stock expected returns. We can calculate the autocorrelation of EON Resources returns to help us make a trade decision. For example, suppose you find that EON Resources 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 |
EON Resources 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 EON Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if EON Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in EON Resources stock over time.
Current vs Lagged Prices |
| Timeline |
EON Resources Lagged Returns
When evaluating EON Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of EON Resources stock have on its future price. EON Resources 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, EON Resources autocorrelation shows the relationship between EON Resources stock current value and its past values and can show if there is a momentum factor associated with investing in EON Resources.
Regressed Prices |
| Timeline |
Pair Trading with EON Resources
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 EON Resources 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 EON Resources will appreciate offsetting losses from the drop in the long position's value.Moving together with EON Stock
Moving against EON Stock
| 0.48 | EQT | EQT Corporation | PairCorr |
| 0.47 | EXE | Expand Energy Symbol Change | PairCorr |
| 0.46 | CNX | CNX Resources Corp Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.44 | LB | LandBridge Company Downward Rally | PairCorr |
| 0.44 | EPM | Evolution Petroleum | PairCorr |
The ability to find closely correlated positions to EON Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace EON Resources 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 EON Resources - 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 EON Resources to buy it.
The correlation of EON Resources 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 EON Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if EON Resources 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 EON Resources 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 EON Stock Analysis
When running EON Resources' price analysis, check to measure EON Resources' 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 EON Resources is operating at the current time. Most of EON Resources' value examination focuses on studying past and present price action to predict the probability of EON Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move EON Resources' price. Additionally, you may evaluate how the addition of EON Resources to your portfolios can decrease your overall portfolio volatility.