Evgo Equity Warrants Stock Market Value
| EVGOW Stock | USD 1.09 0.17 18.48% |
| Symbol | EVgo |
EVgo Equity Warrants Price To Book Ratio
Is Environmental & Facilities Services 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 Equity. 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 Equity listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Revenue Per Share 2.282 | Quarterly Revenue Growth 0.924 | Return On Assets (0.1) | Return On Equity (0.25) |
The market value of EVgo Equity Warrants 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 Equity's value that differs from its market value or its book value, called intrinsic value, which is EVgo Equity'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 Equity's market value can be influenced by many factors that don't directly affect EVgo Equity'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 Equity's value and its price as these two are different measures arrived at by different means. Investors typically determine if EVgo Equity is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, EVgo Equity'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 Equity '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 Equity'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 Equity.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in EVgo Equity on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding EVgo Equity Warrants or generate 0.0% return on investment in EVgo Equity over 30 days. EVgo Equity is entity of United States. It is traded as Stock on NASDAQ exchange. More
EVgo Equity 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 Equity'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 Equity Warrants upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 9.26 | |||
| Information Ratio | 0.1601 | |||
| Maximum Drawdown | 187.32 | |||
| Value At Risk | (14.29) | |||
| Potential Upside | 27.94 |
EVgo Equity Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for EVgo Equity's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as EVgo Equity's standard deviation. In reality, there are many statistical measures that can use EVgo Equity historical prices to predict the future EVgo Equity's volatility.| Risk Adjusted Performance | 0.1354 | |||
| Jensen Alpha | 3.67 | |||
| Total Risk Alpha | 0.794 | |||
| Sortino Ratio | 0.4042 | |||
| Treynor Ratio | 2.19 |
EVgo Equity Warrants Backtested Returns
EVgo Equity is out of control given 3 months investment horizon. EVgo Equity Warrants secures Sharpe Ratio (or Efficiency) of 0.15, which denotes the company had a 0.15% return per unit of risk over the last 3 months. We were able to break down and interpolate data for twenty-nine different technical indicators, which can help you to evaluate if expected returns of 3.45% are justified by taking the suggested risk. Use EVgo Equity Mean Deviation of 11.96, downside deviation of 9.26, and Coefficient Of Variation of 606.67 to evaluate company specific risk that cannot be diversified away. EVgo Equity holds a performance score of 11 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of 1.75, 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, EVgo Equity will likely underperform. Use EVgo Equity daily balance of power, period momentum indicator, as well as the relationship between the downside variance and total risk alpha , to analyze future returns on EVgo Equity.
Auto-correlation | -0.83 |
Excellent reverse predictability
EVgo Equity Warrants has excellent reverse predictability. Overlapping area represents the amount of predictability between EVgo Equity 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 EVgo Equity Warrants price movement. The serial correlation of -0.83 indicates that around 83.0% of current EVgo Equity price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.83 | |
| Spearman Rank Test | -0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
EVgo Equity Warrants lagged returns against current returns
Autocorrelation, which is EVgo Equity 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 Equity's stock expected returns. We can calculate the autocorrelation of EVgo Equity returns to help us make a trade decision. For example, suppose you find that EVgo Equity 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 Equity 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 Equity stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if EVgo Equity stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in EVgo Equity stock over time.
Current vs Lagged Prices |
| Timeline |
EVgo Equity Lagged Returns
When evaluating EVgo Equity's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of EVgo Equity stock have on its future price. EVgo Equity 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 Equity autocorrelation shows the relationship between EVgo Equity stock current value and its past values and can show if there is a momentum factor associated with investing in EVgo Equity Warrants.
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.Additional Tools for EVgo Stock Analysis
When running EVgo Equity's price analysis, check to measure EVgo Equity's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy EVgo Equity is operating at the current time. Most of EVgo Equity's value examination focuses on studying past and present price action to predict the probability of EVgo Equity's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move EVgo Equity's price. Additionally, you may evaluate how the addition of EVgo Equity to your portfolios can decrease your overall portfolio volatility.