E2open Parent Holdings Stock Market Value
| ETWO Stock | USD 3.03 0.04 1.34% |
| Symbol | E2open |
E2open Parent Holdings Price To Book Ratio
Is Application Software 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 E2open Parent. If investors know E2open 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 E2open Parent listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (2.55) | Revenue Per Share 1.674 | Quarterly Revenue Growth (0.04) | Return On Assets (0) | Return On Equity (0.26) |
The market value of E2open Parent Holdings is measured differently than its book value, which is the value of E2open that is recorded on the company's balance sheet. Investors also form their own opinion of E2open Parent's value that differs from its market value or its book value, called intrinsic value, which is E2open Parent'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 E2open Parent's market value can be influenced by many factors that don't directly affect E2open Parent'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 E2open Parent's value and its price as these two are different measures arrived at by different means. Investors typically determine if E2open Parent is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, E2open Parent'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.
E2open Parent '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 E2open Parent'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 E2open Parent.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in E2open Parent on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding E2open Parent Holdings or generate 0.0% return on investment in E2open Parent over 30 days. E2open Parent is related to or competes with Alkami Technology, Paycor HCM, and Enfusion. E2open Parent Holdings, Inc. provides cloud-based and end-to-end supply chain management SaaS platform in the Americas, ... More
E2open Parent 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 E2open Parent'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 E2open Parent Holdings upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 25.44 | |||
| Value At Risk | (5.33) | |||
| Potential Upside | 3.87 |
E2open Parent Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for E2open Parent's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as E2open Parent's standard deviation. In reality, there are many statistical measures that can use E2open Parent historical prices to predict the future E2open Parent's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.71) | |||
| Total Risk Alpha | (0.96) | |||
| Treynor Ratio | (0.21) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of E2open Parent'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.
E2open Parent Holdings Backtested Returns
E2open Parent Holdings secures Sharpe Ratio (or Efficiency) of -0.12, which denotes the company had a -0.12% return per unit of risk over the last 3 months. E2open Parent Holdings exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm E2open Parent's Mean Deviation of 2.35, standard deviation of 3.71, and Variance of 13.77 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 2.31, 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, E2open Parent will likely underperform. At this point, E2open Parent Holdings has a negative expected return of -0.46%. Please make sure to confirm E2open Parent's information ratio, skewness, as well as the relationship between the Skewness and day typical price , to decide if E2open Parent Holdings performance from the past will be repeated at future time.
Auto-correlation | -0.13 |
Insignificant reverse predictability
E2open Parent Holdings has insignificant reverse predictability. Overlapping area represents the amount of predictability between E2open Parent time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 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 E2open Parent Holdings price movement. The serial correlation of -0.13 indicates that less than 13.0% of current E2open Parent price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.13 | |
| Spearman Rank Test | -0.61 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
E2open Parent Holdings lagged returns against current returns
Autocorrelation, which is E2open Parent 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 E2open Parent's stock expected returns. We can calculate the autocorrelation of E2open Parent returns to help us make a trade decision. For example, suppose you find that E2open Parent 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 |
E2open Parent 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 E2open Parent stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if E2open Parent stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in E2open Parent stock over time.
Current vs Lagged Prices |
| Timeline |
E2open Parent Lagged Returns
When evaluating E2open Parent's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of E2open Parent stock have on its future price. E2open Parent 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, E2open Parent autocorrelation shows the relationship between E2open Parent stock current value and its past values and can show if there is a momentum factor associated with investing in E2open Parent Holdings.
Regressed Prices |
| Timeline |
Pair Trading with E2open Parent
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 E2open Parent 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 E2open Parent will appreciate offsetting losses from the drop in the long position's value.Moving against E2open Stock
| 0.9 | DUOT | Duos Technologies Downward Rally | PairCorr |
| 0.87 | DOCU | DocuSign | PairCorr |
| 0.83 | BL | Blackline | PairCorr |
| 0.76 | VERX | Vertex | PairCorr |
| 0.76 | DSGX | Descartes Systems | PairCorr |
The ability to find closely correlated positions to E2open Parent could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace E2open Parent 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 E2open Parent - 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 E2open Parent Holdings to buy it.
The correlation of E2open Parent 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 E2open Parent moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if E2open Parent Holdings 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 E2open Parent 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.Check out E2open Parent Correlation, E2open Parent Volatility and E2open Parent Alpha and Beta module to complement your research on E2open Parent. You can also try the Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.
E2open Parent 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.