Evans Bancorp Stock Market Value
| EVBN Stock | USD 44.16 0.56 1.28% |
| Symbol | Evans |
Evans 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 Evans Bancorp. If investors know Evans 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 Evans 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 (0.20) | Dividend Share 1.32 | Earnings Share 3.35 | Revenue Per Share 14.907 | Quarterly Revenue Growth (0.1) |
The market value of Evans Bancorp is measured differently than its book value, which is the value of Evans that is recorded on the company's balance sheet. Investors also form their own opinion of Evans Bancorp's value that differs from its market value or its book value, called intrinsic value, which is Evans 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 Evans Bancorp's market value can be influenced by many factors that don't directly affect Evans 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 Evans Bancorp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Evans Bancorp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Evans 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.
Evans 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 Evans 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 Evans Bancorp.
| 10/29/2023 |
| 11/22/2024 |
If you would invest 0.00 in Evans Bancorp on October 29, 2023 and sell it all today you would earn a total of 0.00 from holding Evans Bancorp or generate 0.0% return on investment in Evans Bancorp over 390 days. Evans Bancorp is related to or competes with First Community, Oak Valley, First Financial, ESSA Bancorp, FS Bancorp, Magyar Bancorp, and Home Federal. Evans Bancorp, Inc. primarily operates as the financial holding company for Evans Bank, N.A More
Evans 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 Evans 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 Evans Bancorp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.59 | |||
| Information Ratio | 0.1486 | |||
| Maximum Drawdown | 13.27 | |||
| Value At Risk | (2.22) | |||
| Potential Upside | 2.8 |
Evans Bancorp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Evans Bancorp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Evans Bancorp's standard deviation. In reality, there are many statistical measures that can use Evans Bancorp historical prices to predict the future Evans Bancorp's volatility.| Risk Adjusted Performance | 0.1568 | |||
| Jensen Alpha | 0.2709 | |||
| Total Risk Alpha | 0.1408 | |||
| Sortino Ratio | 0.2115 | |||
| Treynor Ratio | 0.2622 |
Evans Bancorp Backtested Returns
Evans Bancorp appears to be very steady, given 3 months investment horizon. Evans Bancorp secures Sharpe Ratio (or Efficiency) of 0.18, which denotes the company had a 0.18% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Evans Bancorp, which you can use to evaluate the volatility of the firm. Please utilize Evans Bancorp's Semi Deviation of 1.28, mean deviation of 1.57, and Downside Deviation of 1.59 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Evans Bancorp holds a performance score of 13. The firm shows a Beta (market volatility) of 1.67, 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, Evans Bancorp will likely underperform. Please check Evans Bancorp's value at risk, daily balance of power, and the relationship between the total risk alpha and expected short fall , to make a quick decision on whether Evans Bancorp's price patterns will revert.
Auto-correlation | -0.11 |
Insignificant reverse predictability
Evans Bancorp has insignificant reverse predictability. Overlapping area represents the amount of predictability between Evans Bancorp time series from 29th of October 2023 to 11th of May 2024 and 11th of May 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 Evans Bancorp price movement. The serial correlation of -0.11 indicates that less than 11.0% of current Evans Bancorp price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.11 | |
| Spearman Rank Test | -0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 33.5 |
Evans Bancorp lagged returns against current returns
Autocorrelation, which is Evans 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 Evans Bancorp's stock expected returns. We can calculate the autocorrelation of Evans Bancorp returns to help us make a trade decision. For example, suppose you find that Evans 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 |
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Evans 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 Evans Bancorp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Evans Bancorp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Evans Bancorp stock over time.
Current vs Lagged Prices |
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Evans Bancorp Lagged Returns
When evaluating Evans Bancorp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Evans Bancorp stock have on its future price. Evans 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, Evans Bancorp autocorrelation shows the relationship between Evans Bancorp stock current value and its past values and can show if there is a momentum factor associated with investing in Evans Bancorp.
Regressed Prices |
| Timeline |
Pair Trading with Evans Bancorp
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 Evans Bancorp 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 Evans Bancorp will appreciate offsetting losses from the drop in the long position's value.Moving together with Evans Stock
| 0.64 | AX | Axos Financial | PairCorr |
| 0.64 | BY | Byline Bancorp Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.76 | PB | Prosperity Bancshares Fiscal Year End 22nd of January 2025 | PairCorr |
Moving against Evans Stock
The ability to find closely correlated positions to Evans Bancorp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Evans Bancorp 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 Evans Bancorp - 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 Evans Bancorp to buy it.
The correlation of Evans Bancorp 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 Evans Bancorp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Evans Bancorp 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 Evans Bancorp 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 Evans Bancorp Correlation, Evans Bancorp Volatility and Evans Bancorp Alpha and Beta module to complement your research on Evans Bancorp. To learn how to invest in Evans Stock, please use our How to Invest in Evans Bancorp guide.You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
Evans 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.