Evgo Inc Stock Market Value
| EVGO Stock | USD 6.58 0.22 3.46% |
| Symbol | Evgo |
Evgo Inc Price To Book Ratio
Is Automotive Retail 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 Evgo. If investors know Evgo 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 Evgo 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 (0.90) | Earnings Share (0.42) | Revenue Per Share 2.282 | Quarterly Revenue Growth 0.924 | Return On Assets (0.1) |
The market value of Evgo Inc is measured differently than its book value, which is the value of Evgo that is recorded on the company's balance sheet. Investors also form their own opinion of Evgo's value that differs from its market value or its book value, called intrinsic value, which is Evgo'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 Evgo's market value can be influenced by many factors that don't directly affect Evgo'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 Evgo's value and its price as these two are different measures arrived at by different means. Investors typically determine if Evgo is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Evgo'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.
Evgo '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 Evgo'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 Evgo.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Evgo on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Evgo Inc or generate 0.0% return on investment in Evgo over 30 days. Evgo is related to or competes with Kingsway Financial, KAR Auction, Cango, Vroom, Carvana, and Rush Enterprises. EVgo, Inc. owns and operates a direct current fast charging network in the United States More
Evgo 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 Evgo'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 Evgo Inc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.03 | |||
| Information Ratio | 0.0968 | |||
| Maximum Drawdown | 72.0 | |||
| Value At Risk | (8.10) | |||
| Potential Upside | 10.75 |
Evgo Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Evgo's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Evgo's standard deviation. In reality, there are many statistical measures that can use Evgo historical prices to predict the future Evgo's volatility.| Risk Adjusted Performance | 0.0939 | |||
| Jensen Alpha | 0.9703 | |||
| Total Risk Alpha | (0.41) | |||
| Sortino Ratio | 0.1754 | |||
| Treynor Ratio | 3.77 |
Evgo Inc Backtested Returns
Evgo is risky given 3 months investment horizon. Evgo Inc 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. We were able to analyze and collect data for twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.07% are justified by taking the suggested risk. Use Evgo Mean Deviation of 5.06, coefficient of variation of 901.54, and Downside Deviation of 5.03 to evaluate company specific risk that cannot be diversified away. Evgo holds a performance score of 9 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of 0.27, which means not very significant fluctuations relative to the market. As returns on the market increase, Evgo's returns are expected to increase less than the market. However, during the bear market, the loss of holding Evgo is expected to be smaller as well. Use Evgo value at risk, and the relationship between the jensen alpha and skewness , to analyze future returns on Evgo.
Auto-correlation | -0.93 |
Near perfect reversele predictability
Evgo Inc has near perfect reversele predictability. Overlapping area represents the amount of predictability between Evgo 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 Evgo Inc price movement. The serial correlation of -0.93 indicates that approximately 93.0% of current Evgo price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.93 | |
| Spearman Rank Test | -0.87 | |
| Residual Average | 0.0 | |
| Price Variance | 0.32 |
Evgo Inc lagged returns against current returns
Autocorrelation, which is Evgo 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 Evgo's stock expected returns. We can calculate the autocorrelation of Evgo returns to help us make a trade decision. For example, suppose you find that Evgo 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 |
Evgo 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 Evgo stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Evgo stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Evgo stock over time.
Current vs Lagged Prices |
| Timeline |
Evgo Lagged Returns
When evaluating Evgo's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Evgo stock have on its future price. Evgo 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, Evgo autocorrelation shows the relationship between Evgo stock current value and its past values and can show if there is a momentum factor associated with investing in Evgo Inc.
Regressed Prices |
| Timeline |
Pair Trading with Evgo
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 Evgo 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 Evgo will appreciate offsetting losses from the drop in the long position's value.Moving against Evgo Stock
| 0.79 | ARHS | Arhaus Inc Buyout Trend | PairCorr |
| 0.6 | FL | Foot Locker Earnings Call Tomorrow | PairCorr |
| 0.56 | AN | AutoNation | PairCorr |
| 0.49 | PAG | Penske Automotive | PairCorr |
| 0.46 | HVT | Haverty Furniture | PairCorr |
The ability to find closely correlated positions to Evgo could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Evgo 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 Evgo - 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 Evgo Inc to buy it.
The correlation of Evgo 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 Evgo moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Evgo Inc 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 Evgo 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 Evgo Correlation, Evgo Volatility and Evgo Alpha and Beta module to complement your research on Evgo. You can also try the Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.
Evgo 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.