Energy Services Stock Market Value
| ESOA Stock | USD 15.06 0.42 2.87% |
| Symbol | Energy |
Energy Services Price To Book Ratio
Is Oil & Gas Equipment & 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 Energy Services. If investors know Energy 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 Energy Services 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 4.139 | Dividend Share 0.06 | Earnings Share 1.45 | Revenue Per Share 21.239 | Quarterly Revenue Growth 0.005 |
The market value of Energy Services is measured differently than its book value, which is the value of Energy that is recorded on the company's balance sheet. Investors also form their own opinion of Energy Services' value that differs from its market value or its book value, called intrinsic value, which is Energy Services' 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 Energy Services' market value can be influenced by many factors that don't directly affect Energy Services' 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 Energy Services' value and its price as these two are different measures arrived at by different means. Investors typically determine if Energy Services is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Energy Services' 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.
Energy Services '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 Energy Services' 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 Energy Services.
| 05/26/2024 |
| 11/22/2024 |
If you would invest 0.00 in Energy Services on May 26, 2024 and sell it all today you would earn a total of 0.00 from holding Energy Services or generate 0.0% return on investment in Energy Services over 180 days. Energy Services is related to or competes with Bouygues, NV5 Global, Matrix Service, MYR, Comfort Systems, Orion Group, and ENGlobal. Energy Services of America Corporation provides contracting services for utilities and energy related companies in the U... More
Energy Services 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 Energy Services' 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 Energy Services upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.92 | |||
| Information Ratio | 0.1314 | |||
| Maximum Drawdown | 12.39 | |||
| Value At Risk | (3.87) | |||
| Potential Upside | 5.45 |
Energy Services Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Energy Services' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Energy Services' standard deviation. In reality, there are many statistical measures that can use Energy Services historical prices to predict the future Energy Services' volatility.| Risk Adjusted Performance | 0.1292 | |||
| Jensen Alpha | 0.3848 | |||
| Total Risk Alpha | 0.1427 | |||
| Sortino Ratio | 0.1429 | |||
| Treynor Ratio | 0.3627 |
Energy Services Backtested Returns
Energy Services appears to be not too volatile, given 3 months investment horizon. Energy Services secures Sharpe Ratio (or Efficiency) of 0.21, which denotes the company had a 0.21% return per unit of risk over the last 3 months. By reviewing Energy Services' technical indicators, you can evaluate if the expected return of 0.63% is justified by implied risk. Please utilize Energy Services' Mean Deviation of 2.58, coefficient of variation of 619.55, and Downside Deviation of 2.92 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Energy Services holds a performance score of 16. The firm shows a Beta (market volatility) of 1.39, 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, Energy Services will likely underperform. Please check Energy Services' maximum drawdown, skewness, and the relationship between the total risk alpha and downside variance , to make a quick decision on whether Energy Services' price patterns will revert.
Auto-correlation | 0.81 |
Very good predictability
Energy Services has very good predictability. Overlapping area represents the amount of predictability between Energy Services time series from 26th of May 2024 to 24th of August 2024 and 24th of August 2024 to 22nd 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 Energy Services price movement. The serial correlation of 0.81 indicates that around 81.0% of current Energy Services price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.81 | |
| Spearman Rank Test | 0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 2.7 |
Energy Services lagged returns against current returns
Autocorrelation, which is Energy Services 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 Energy Services' stock expected returns. We can calculate the autocorrelation of Energy Services returns to help us make a trade decision. For example, suppose you find that Energy Services 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 |
Energy Services 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 Energy Services stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Energy Services stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Energy Services stock over time.
Current vs Lagged Prices |
| Timeline |
Energy Services Lagged Returns
When evaluating Energy Services' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Energy Services stock have on its future price. Energy Services 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, Energy Services autocorrelation shows the relationship between Energy Services stock current value and its past values and can show if there is a momentum factor associated with investing in Energy Services.
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 Energy Services offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Energy Services' 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 Energy Services Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Energy Services Stock:Check out Energy Services Correlation, Energy Services Volatility and Energy Services Alpha and Beta module to complement your research on Energy Services. For information on how to trade Energy Stock refer to our How to Trade Energy Stock guide.You can also try the Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.
Energy Services 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.