Essa Bancorp Stock Market Value
| ESSA Stock | USD 20.91 0.01 0.05% |
| Symbol | ESSA |
ESSA Bancorp Price To Book Ratio
Is Regional Banks 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 ESSA Bancorp. If investors know ESSA 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 ESSA Bancorp 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 (0.06) | Earnings Share 1.78 | Revenue Per Share | Quarterly Revenue Growth (0.04) | Return On Assets |
The market value of ESSA Bancorp is measured differently than its book value, which is the value of ESSA that is recorded on the company's balance sheet. Investors also form their own opinion of ESSA Bancorp's value that differs from its market value or its book value, called intrinsic value, which is ESSA Bancorp'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 ESSA Bancorp's market value can be influenced by many factors that don't directly affect ESSA Bancorp'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 ESSA Bancorp's value and its price as these two are different measures arrived at by different means. Investors typically determine if ESSA Bancorp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ESSA Bancorp'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.
ESSA Bancorp '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 ESSA Bancorp'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 ESSA Bancorp.
| 01/02/2025 |
| 02/01/2025 |
If you would invest 0.00 in ESSA Bancorp on January 2, 2025 and sell it all today you would earn a total of 0.00 from holding ESSA Bancorp or generate 0.0% return on investment in ESSA Bancorp over 30 days. ESSA Bancorp is related to or competes with Community West, First Northwest, First Community, Oak Valley, First Financial, FS Bancorp, and Finward Bancorp. ESSA Bancorp, Inc. operates as a bank holding company for ESSA Bank Trust that provides a range of financial services to... More
ESSA Bancorp 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 ESSA Bancorp'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 ESSA Bancorp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.15 | |||
| Information Ratio | 0.0261 | |||
| Maximum Drawdown | 12.57 | |||
| Value At Risk | (3.07) | |||
| Potential Upside | 2.44 |
ESSA Bancorp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ESSA Bancorp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ESSA Bancorp's standard deviation. In reality, there are many statistical measures that can use ESSA Bancorp historical prices to predict the future ESSA Bancorp's volatility.| Risk Adjusted Performance | 0.0717 | |||
| Jensen Alpha | 0.1249 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | 0.0229 | |||
| Treynor Ratio | 0.8825 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of ESSA Bancorp'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.
ESSA Bancorp Backtested Returns
ESSA Bancorp appears to be not too volatile, given 3 months investment horizon. ESSA Bancorp secures Sharpe Ratio (or Efficiency) of 0.11, which denotes the company had a 0.11 % return per unit of volatility over the last 3 months. We have found twenty-seven technical indicators for ESSA Bancorp, which you can use to evaluate the volatility of the firm. Please utilize ESSA Bancorp's Downside Deviation of 2.15, mean deviation of 1.39, and Market Risk Adjusted Performance of 0.8925 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, ESSA Bancorp holds a performance score of 8. The firm shows a Beta (market volatility) of 0.16, which means not very significant fluctuations relative to the market. As returns on the market increase, ESSA Bancorp's returns are expected to increase less than the market. However, during the bear market, the loss of holding ESSA Bancorp is expected to be smaller as well. Please check ESSA Bancorp's semi variance, and the relationship between the maximum drawdown and daily balance of power , to make a quick decision on whether ESSA Bancorp's price patterns will revert.
Auto-correlation | 0.15 |
Insignificant predictability
ESSA Bancorp has insignificant predictability. Overlapping area represents the amount of predictability between ESSA Bancorp time series from 2nd of January 2025 to 17th of January 2025 and 17th of January 2025 to 1st of February 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of ESSA Bancorp price movement. The serial correlation of 0.15 indicates that less than 15.0% of current ESSA Bancorp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.15 | |
| Spearman Rank Test | 0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 0.11 |
ESSA Bancorp lagged returns against current returns
Autocorrelation, which is ESSA Bancorp 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 ESSA Bancorp's stock expected returns. We can calculate the autocorrelation of ESSA Bancorp returns to help us make a trade decision. For example, suppose you find that ESSA Bancorp 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 |
ESSA Bancorp 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 ESSA Bancorp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ESSA Bancorp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ESSA Bancorp stock over time.
Current vs Lagged Prices |
| Timeline |
ESSA Bancorp Lagged Returns
When evaluating ESSA Bancorp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ESSA Bancorp stock have on its future price. ESSA Bancorp 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, ESSA Bancorp autocorrelation shows the relationship between ESSA Bancorp stock current value and its past values and can show if there is a momentum factor associated with investing in ESSA Bancorp.
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 ESSA Bancorp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of ESSA Bancorp'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 Essa Bancorp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Essa Bancorp Stock:Check out ESSA Bancorp Correlation, ESSA Bancorp Volatility and ESSA Bancorp Alpha and Beta module to complement your research on ESSA Bancorp. For information on how to trade ESSA Stock refer to our How to Trade ESSA Stock guide.You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
ESSA Bancorp 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.