Entravision Communications Stock Market Value
| EVC Stock | USD 2.47 0.08 3.35% |
| Symbol | Entravision |
Entravision Communications Price To Book Ratio
Is Broadcasting 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 Entravision Communications. If investors know Entravision 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 Entravision Communications 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 (0.73) | Dividend Share 0.2 | Earnings Share (0.11) | Revenue Per Share 12.822 | Quarterly Revenue Growth 0.255 |
The market value of Entravision Communications is measured differently than its book value, which is the value of Entravision that is recorded on the company's balance sheet. Investors also form their own opinion of Entravision Communications' value that differs from its market value or its book value, called intrinsic value, which is Entravision Communications' 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 Entravision Communications' market value can be influenced by many factors that don't directly affect Entravision Communications' 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 Entravision Communications' value and its price as these two are different measures arrived at by different means. Investors typically determine if Entravision Communications is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Entravision Communications' 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.
Entravision Communications '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 Entravision Communications' 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 Entravision Communications.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Entravision Communications on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Entravision Communications or generate 0.0% return on investment in Entravision Communications over 30 days. Entravision Communications is related to or competes with Kidoz, Marchex, Direct Digital, Cimpress, Omnicom, and WPP PLC. Entravision Communications Corporation operates as an advertising, media, and technology solutions company worldwide More
Entravision Communications 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 Entravision Communications' 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 Entravision Communications upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.75 | |||
| Information Ratio | 0.112 | |||
| Maximum Drawdown | 14.74 | |||
| Value At Risk | (4.41) | |||
| Potential Upside | 5.05 |
Entravision Communications Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Entravision Communications' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Entravision Communications' standard deviation. In reality, there are many statistical measures that can use Entravision Communications historical prices to predict the future Entravision Communications' volatility.| Risk Adjusted Performance | 0.1164 | |||
| Jensen Alpha | 0.2292 | |||
| Total Risk Alpha | 0.0814 | |||
| Sortino Ratio | 0.119 | |||
| Treynor Ratio | 0.1922 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Entravision Communications' 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.
Entravision Communications Backtested Returns
Entravision Communications appears to be slightly risky, given 3 months investment horizon. Entravision Communications secures Sharpe Ratio (or Efficiency) of 0.13, which denotes the company had a 0.13% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Entravision Communications, which you can use to evaluate the volatility of the firm. Please utilize Entravision Communications' Mean Deviation of 2.26, coefficient of variation of 691.25, and Downside Deviation of 2.75 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Entravision Communications holds a performance score of 10. The firm shows a Beta (market volatility) of 2.15, 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, Entravision Communications will likely underperform. Please check Entravision Communications' semi variance, and the relationship between the maximum drawdown and accumulation distribution , to make a quick decision on whether Entravision Communications' price patterns will revert.
Auto-correlation | -0.13 |
Insignificant reverse predictability
Entravision Communications has insignificant reverse predictability. Overlapping area represents the amount of predictability between Entravision Communications 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 Entravision Communications price movement. The serial correlation of -0.13 indicates that less than 13.0% of current Entravision Communications price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.13 | |
| Spearman Rank Test | -0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Entravision Communications lagged returns against current returns
Autocorrelation, which is Entravision Communications 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 Entravision Communications' stock expected returns. We can calculate the autocorrelation of Entravision Communications returns to help us make a trade decision. For example, suppose you find that Entravision Communications 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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Entravision Communications 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 Entravision Communications stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Entravision Communications stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Entravision Communications stock over time.
Current vs Lagged Prices |
| Timeline |
Entravision Communications Lagged Returns
When evaluating Entravision Communications' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Entravision Communications stock have on its future price. Entravision Communications 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, Entravision Communications autocorrelation shows the relationship between Entravision Communications stock current value and its past values and can show if there is a momentum factor associated with investing in Entravision Communications.
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 Entravision Communications offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Entravision Communications' 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 Entravision Communications Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Entravision Communications Stock:Check out Entravision Communications Correlation, Entravision Communications Volatility and Entravision Communications Alpha and Beta module to complement your research on Entravision Communications. For information on how to trade Entravision Stock refer to our How to Trade Entravision Stock guide.You can also try the Share Portfolio module to track or share privately all of your investments from the convenience of any device.
Entravision Communications 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.