Evi Industries Stock Market Value
| EVI Stock | USD 17.01 0.11 0.65% |
| Symbol | EVI |
EVI Industries Price To Book Ratio
Is Trading Companies & Distributors 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 EVI Industries. If investors know EVI 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 EVI Industries 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 1.34 | Earnings Share 0.49 | Revenue Per Share | Quarterly Revenue Growth 0.063 | Return On Assets |
The market value of EVI Industries is measured differently than its book value, which is the value of EVI that is recorded on the company's balance sheet. Investors also form their own opinion of EVI Industries' value that differs from its market value or its book value, called intrinsic value, which is EVI Industries' 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 EVI Industries' market value can be influenced by many factors that don't directly affect EVI Industries' 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 EVI Industries' value and its price as these two are different measures arrived at by different means. Investors typically determine if EVI Industries is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, EVI Industries' 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.
EVI Industries '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 EVI Industries' 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 EVI Industries.
| 11/19/2024 |
| 01/18/2025 |
If you would invest 0.00 in EVI Industries on November 19, 2024 and sell it all today you would earn a total of 0.00 from holding EVI Industries or generate 0.0% return on investment in EVI Industries over 60 days. EVI Industries is related to or competes with DXP Enterprises, Global Industrial, Core Main, Watsco, Distribution Solutions, WESCO International, and BlueLinx Holdings. EVI Industries, Inc., through its subsidiaries, distributes, sells, rents, and leases commercial and industrial laundry ... More
EVI Industries 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 EVI Industries' 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 EVI Industries upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 14.79 | |||
| Value At Risk | (4.66) | |||
| Potential Upside | 4.81 |
EVI Industries Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for EVI Industries' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as EVI Industries' standard deviation. In reality, there are many statistical measures that can use EVI Industries historical prices to predict the future EVI Industries' volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.17) | |||
| Total Risk Alpha | (0.24) | |||
| Treynor Ratio | (1.09) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of EVI Industries' 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.
EVI Industries Backtested Returns
EVI Industries secures Sharpe Ratio (or Efficiency) of -0.0489, which denotes the company had a -0.0489% return per unit of return volatility over the last 3 months. EVI Industries exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm EVI Industries' standard deviation of 3.09, and Mean Deviation of 2.38 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.16, which means not very significant fluctuations relative to the market. As returns on the market increase, EVI Industries' returns are expected to increase less than the market. However, during the bear market, the loss of holding EVI Industries is expected to be smaller as well. At this point, EVI Industries has a negative expected return of -0.15%. Please make sure to confirm EVI Industries' maximum drawdown, as well as the relationship between the accumulation distribution and market facilitation index , to decide if EVI Industries performance from the past will be repeated at future time.
Auto-correlation | 0.01 |
Virtually no predictability
EVI Industries has virtually no predictability. Overlapping area represents the amount of predictability between EVI Industries time series from 19th of November 2024 to 19th of December 2024 and 19th of December 2024 to 18th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of EVI Industries price movement. The serial correlation of 0.01 indicates that just 1.0% of current EVI Industries price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.01 | |
| Spearman Rank Test | -0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 0.11 |
EVI Industries lagged returns against current returns
Autocorrelation, which is EVI Industries 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 EVI Industries' stock expected returns. We can calculate the autocorrelation of EVI Industries returns to help us make a trade decision. For example, suppose you find that EVI Industries 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 |
EVI Industries 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 EVI Industries stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if EVI Industries stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in EVI Industries stock over time.
Current vs Lagged Prices |
| Timeline |
EVI Industries Lagged Returns
When evaluating EVI Industries' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of EVI Industries stock have on its future price. EVI Industries 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, EVI Industries autocorrelation shows the relationship between EVI Industries stock current value and its past values and can show if there is a momentum factor associated with investing in EVI Industries.
Regressed Prices |
| Timeline |
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Check out EVI Industries Correlation, EVI Industries Volatility and EVI Industries Alpha and Beta module to complement your research on EVI Industries. For more detail on how to invest in EVI Stock please use our How to Invest in EVI Industries guide.You can also try the Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.
EVI Industries 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.