Evergreen Corp Stock Market Value
| EVGR Stock | USD 11.76 0.01 0.09% |
| Symbol | Evergreen |
Evergreen Corp Price To Book Ratio
Is Asset Management & Custody 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 Evergreen Corp. If investors know Evergreen 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 Evergreen Corp 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 (0.22) | Earnings Share 0.28 | Return On Assets (0.01) |
The market value of Evergreen Corp is measured differently than its book value, which is the value of Evergreen that is recorded on the company's balance sheet. Investors also form their own opinion of Evergreen Corp's value that differs from its market value or its book value, called intrinsic value, which is Evergreen Corp'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 Evergreen Corp's market value can be influenced by many factors that don't directly affect Evergreen Corp'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 Evergreen Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Evergreen Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Evergreen Corp'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.
Evergreen Corp '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 Evergreen Corp'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 Evergreen Corp.
| 05/26/2024 |
| 11/22/2024 |
If you would invest 0.00 in Evergreen Corp on May 26, 2024 and sell it all today you would earn a total of 0.00 from holding Evergreen Corp or generate 0.0% return on investment in Evergreen Corp over 180 days. Evergreen Corp is related to or competes with ABIVAX Socit, SCOR PK, HUMANA, Small Cap, Morningstar Unconstrained, Thrivent High, and SPACE. It intends to complete a business combination target on technology companies involved in artificial intelligence, fintec... More
Evergreen Corp 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 Evergreen Corp'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 Evergreen Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.3312 | |||
| Information Ratio | (0.45) | |||
| Maximum Drawdown | 0.9516 | |||
| Value At Risk | (0.17) | |||
| Potential Upside | 0.2577 |
Evergreen Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Evergreen Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Evergreen Corp's standard deviation. In reality, there are many statistical measures that can use Evergreen Corp historical prices to predict the future Evergreen Corp's volatility.| Risk Adjusted Performance | 0.0403 | |||
| Jensen Alpha | 0.0028 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.24) | |||
| Treynor Ratio | 0.1424 |
Evergreen Corp Backtested Returns
Currently, Evergreen Corp is very steady. Evergreen Corp secures Sharpe Ratio (or Efficiency) of 0.19, which denotes the company had a 0.19% return per unit of risk over the last 3 months. We have found thirty technical indicators for Evergreen Corp, which you can use to evaluate the volatility of the firm. Please confirm Evergreen Corp's Downside Deviation of 0.3312, mean deviation of 0.0917, and Coefficient Of Variation of 1024.72 to check if the risk estimate we provide is consistent with the expected return of 0.0204%. Evergreen Corp has a performance score of 14 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.0491, which means not very significant fluctuations relative to the market. As returns on the market increase, Evergreen Corp's returns are expected to increase less than the market. However, during the bear market, the loss of holding Evergreen Corp is expected to be smaller as well. Evergreen Corp right now shows a risk of 0.11%. Please confirm Evergreen Corp jensen alpha, skewness, relative strength index, as well as the relationship between the value at risk and day median price , to decide if Evergreen Corp will be following its price patterns.
Auto-correlation | 0.90 |
Excellent predictability
Evergreen Corp has excellent predictability. Overlapping area represents the amount of predictability between Evergreen Corp time series from 26th of May 2024 to 24th of August 2024 and 24th of August 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 Evergreen Corp price movement. The serial correlation of 0.9 indicates that approximately 90.0% of current Evergreen Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.9 | |
| Spearman Rank Test | 0.81 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Evergreen Corp lagged returns against current returns
Autocorrelation, which is Evergreen Corp 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 Evergreen Corp's stock expected returns. We can calculate the autocorrelation of Evergreen Corp returns to help us make a trade decision. For example, suppose you find that Evergreen Corp 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 |
Evergreen Corp 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 Evergreen Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Evergreen Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Evergreen Corp stock over time.
Current vs Lagged Prices |
| Timeline |
Evergreen Corp Lagged Returns
When evaluating Evergreen Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Evergreen Corp stock have on its future price. Evergreen Corp 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, Evergreen Corp autocorrelation shows the relationship between Evergreen Corp stock current value and its past values and can show if there is a momentum factor associated with investing in Evergreen Corp.
Regressed Prices |
| Timeline |
Pair Trading with Evergreen Corp
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 Evergreen Corp 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 Evergreen Corp will appreciate offsetting losses from the drop in the long position's value.Moving together with Evergreen Stock
| 0.93 | AC | Associated Capital | PairCorr |
| 0.66 | GS | Goldman Sachs Group Fiscal Year End 21st of January 2025 | PairCorr |
| 0.82 | MS | Morgan Stanley Fiscal Year End 21st of January 2025 | PairCorr |
Moving against Evergreen Stock
The ability to find closely correlated positions to Evergreen Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Evergreen Corp 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 Evergreen Corp - 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 Evergreen Corp to buy it.
The correlation of Evergreen Corp 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 Evergreen Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Evergreen Corp 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 Evergreen Corp 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.Additional Tools for Evergreen Stock Analysis
When running Evergreen Corp's price analysis, check to measure Evergreen Corp'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 Evergreen Corp is operating at the current time. Most of Evergreen Corp's value examination focuses on studying past and present price action to predict the probability of Evergreen Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Evergreen Corp's price. Additionally, you may evaluate how the addition of Evergreen Corp to your portfolios can decrease your overall portfolio volatility.