Esco Technologies Stock Market Value
| ESE Stock | USD 151.38 2.44 1.64% |
| Symbol | ESCO |
ESCO Technologies Price To Book Ratio
Is Industrial Machinery & Supplies & Components 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 ESCO Technologies. If investors know ESCO 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 ESCO Technologies 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 (0.10) | Earnings Share 3.95 | Revenue Per Share 38.821 | Quarterly Revenue Growth 0.088 | Return On Assets 0.0496 |
The market value of ESCO Technologies is measured differently than its book value, which is the value of ESCO that is recorded on the company's balance sheet. Investors also form their own opinion of ESCO Technologies' value that differs from its market value or its book value, called intrinsic value, which is ESCO Technologies' 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 ESCO Technologies' market value can be influenced by many factors that don't directly affect ESCO Technologies' 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 ESCO Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if ESCO Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ESCO Technologies' 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.
ESCO Technologies '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 ESCO Technologies' 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 ESCO Technologies.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in ESCO Technologies on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding ESCO Technologies or generate 0.0% return on investment in ESCO Technologies over 30 days. ESCO Technologies is related to or competes with Novanta, Sono Tek, Itron, Badger Meter, Coherent, Mesa Laboratories, and Vishay Precision. ESCO Technologies Inc. produces and supplies engineered products and systems for industrial and commercial markets world... More
ESCO Technologies 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 ESCO Technologies' 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 ESCO Technologies upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.45 | |||
| Information Ratio | 0.1378 | |||
| Maximum Drawdown | 11.48 | |||
| Value At Risk | (1.57) | |||
| Potential Upside | 3.07 |
ESCO Technologies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ESCO Technologies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ESCO Technologies' standard deviation. In reality, there are many statistical measures that can use ESCO Technologies historical prices to predict the future ESCO Technologies' volatility.| Risk Adjusted Performance | 0.1688 | |||
| Jensen Alpha | 0.1719 | |||
| Total Risk Alpha | 0.0864 | |||
| Sortino Ratio | 0.1656 | |||
| Treynor Ratio | 0.2305 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of ESCO Technologies' 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.
ESCO Technologies Backtested Returns
ESCO Technologies appears to be very steady, given 3 months investment horizon. ESCO Technologies retains Efficiency (Sharpe Ratio) of 0.23, which denotes the company had a 0.23% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for ESCO Technologies, which you can use to evaluate the volatility of the firm. Please utilize ESCO Technologies' Market Risk Adjusted Performance of 0.2405, coefficient of variation of 470.0, and Downside Deviation of 1.45 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, ESCO Technologies holds a performance score of 17. The firm owns a Beta (Systematic Risk) of 1.57, 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, ESCO Technologies will likely underperform. Please check ESCO Technologies' potential upside, rate of daily change, and the relationship between the sortino ratio and skewness , to make a quick decision on whether ESCO Technologies' current price history will revert.
Auto-correlation | 0.88 |
Very good predictability
ESCO Technologies has very good predictability. Overlapping area represents the amount of predictability between ESCO Technologies 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 ESCO Technologies price movement. The serial correlation of 0.88 indicates that approximately 88.0% of current ESCO Technologies price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.88 | |
| Spearman Rank Test | 0.71 | |
| Residual Average | 0.0 | |
| Price Variance | 8.71 |
ESCO Technologies lagged returns against current returns
Autocorrelation, which is ESCO Technologies 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 ESCO Technologies' stock expected returns. We can calculate the autocorrelation of ESCO Technologies returns to help us make a trade decision. For example, suppose you find that ESCO Technologies 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 |
ESCO Technologies 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 ESCO Technologies stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ESCO Technologies stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ESCO Technologies stock over time.
Current vs Lagged Prices |
| Timeline |
ESCO Technologies Lagged Returns
When evaluating ESCO Technologies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ESCO Technologies stock have on its future price. ESCO Technologies 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, ESCO Technologies autocorrelation shows the relationship between ESCO Technologies stock current value and its past values and can show if there is a momentum factor associated with investing in ESCO Technologies.
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 ESCO Technologies is a strong investment it is important to analyze ESCO Technologies' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact ESCO Technologies' future performance. For an informed investment choice regarding ESCO Stock, refer to the following important reports:Check out ESCO Technologies Correlation, ESCO Technologies Volatility and ESCO Technologies Alpha and Beta module to complement your research on ESCO Technologies. For information on how to trade ESCO Stock refer to our How to Trade ESCO Stock guide.You can also try the Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.
ESCO Technologies 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.