Ethan Allen Interiors Stock Market Value
| ETD Stock | USD 31.04 1.11 3.71% |
| Symbol | Ethan |
Ethan Allen Interiors Price To Book Ratio
Is Household Durables 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 Ethan Allen. If investors know Ethan 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 Ethan Allen 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 (0.02) | Dividend Share 1.5 | Earnings Share 2.48 | Revenue Per Share 24.932 | Quarterly Revenue Growth (0.06) |
The market value of Ethan Allen Interiors is measured differently than its book value, which is the value of Ethan that is recorded on the company's balance sheet. Investors also form their own opinion of Ethan Allen's value that differs from its market value or its book value, called intrinsic value, which is Ethan Allen'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 Ethan Allen's market value can be influenced by many factors that don't directly affect Ethan Allen'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 Ethan Allen's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ethan Allen is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ethan Allen'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.
Ethan Allen '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 Ethan Allen'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 Ethan Allen.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Ethan Allen on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Ethan Allen Interiors or generate 0.0% return on investment in Ethan Allen over 30 days. Ethan Allen is related to or competes with Willis Lease, Rocky Brands, and First Business. Ethan Allen Interiors Inc. operates as an interior design company, and manufacturer and retailer of home furnishings in ... More
Ethan Allen 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 Ethan Allen'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 Ethan Allen Interiors upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.98 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 10.65 | |||
| Value At Risk | (3.43) | |||
| Potential Upside | 2.96 |
Ethan Allen Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ethan Allen's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ethan Allen's standard deviation. In reality, there are many statistical measures that can use Ethan Allen historical prices to predict the future Ethan Allen's volatility.| Risk Adjusted Performance | 0.0255 | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.26) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.0351 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Ethan Allen'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.
Ethan Allen Interiors Backtested Returns
At this point, Ethan Allen is very steady. Ethan Allen Interiors secures Sharpe Ratio (or Efficiency) of 0.0044, which denotes the company had a 0.0044% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Ethan Allen Interiors, which you can use to evaluate the volatility of the firm. Please confirm Ethan Allen's Coefficient Of Variation of 3924.43, mean deviation of 1.4, and Downside Deviation of 1.98 to check if the risk estimate we provide is consistent with the expected return of 0.0084%. The firm shows a Beta (market volatility) of 1.11, which means a somewhat significant risk relative to the market. Ethan Allen returns are very sensitive to returns on the market. As the market goes up or down, Ethan Allen is expected to follow. Ethan Allen Interiors right now shows a risk of 1.91%. Please confirm Ethan Allen Interiors jensen alpha, semi variance, day typical price, as well as the relationship between the maximum drawdown and accumulation distribution , to decide if Ethan Allen Interiors will be following its price patterns.
Auto-correlation | 0.36 |
Below average predictability
Ethan Allen Interiors has below average predictability. Overlapping area represents the amount of predictability between Ethan Allen time series from 27th of October 2024 to 11th of November 2024 and 11th of November 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 Ethan Allen Interiors price movement. The serial correlation of 0.36 indicates that just about 36.0% of current Ethan Allen price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.36 | |
| Spearman Rank Test | -0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 0.4 |
Ethan Allen Interiors lagged returns against current returns
Autocorrelation, which is Ethan Allen 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 Ethan Allen's stock expected returns. We can calculate the autocorrelation of Ethan Allen returns to help us make a trade decision. For example, suppose you find that Ethan Allen 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 |
Ethan Allen 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 Ethan Allen stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ethan Allen stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ethan Allen stock over time.
Current vs Lagged Prices |
| Timeline |
Ethan Allen Lagged Returns
When evaluating Ethan Allen's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ethan Allen stock have on its future price. Ethan Allen 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, Ethan Allen autocorrelation shows the relationship between Ethan Allen stock current value and its past values and can show if there is a momentum factor associated with investing in Ethan Allen Interiors.
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 Ethan Allen Interiors is a strong investment it is important to analyze Ethan Allen's 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 Ethan Allen's future performance. For an informed investment choice regarding Ethan Stock, refer to the following important reports:Check out Ethan Allen Correlation, Ethan Allen Volatility and Ethan Allen Alpha and Beta module to complement your research on Ethan Allen. You can also try the Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Ethan Allen 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.