Evi Industries Stock Market Value
| EVI Stock | USD 20.08 1.08 5.68% |
| 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 28.33 | Quarterly Revenue Growth 0.063 | Return On Assets 0.0354 |
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.
| 12/06/2022 |
| 11/25/2024 |
If you would invest 0.00 in EVI Industries on December 6, 2022 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 720 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.
| Downside Deviation | 3.2 | |||
| Information Ratio | 0.0887 | |||
| Maximum Drawdown | 17.71 | |||
| Value At Risk | (4.62) | |||
| Potential Upside | 6.92 |
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 | 0.1043 | |||
| Jensen Alpha | 0.1278 | |||
| Total Risk Alpha | (0.12) | |||
| Sortino Ratio | 0.0979 | |||
| Treynor Ratio | 0.1712 |
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 appears to be not too volatile, given 3 months investment horizon. EVI Industries secures Sharpe Ratio (or Efficiency) of 0.11, which denotes the company had a 0.11% return per unit of return volatility over the last 3 months. We have found thirty technical indicators for EVI Industries, which you can use to evaluate the volatility of the firm. Please utilize EVI Industries' downside deviation of 3.2, and Mean Deviation of 2.71 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, EVI Industries holds a performance score of 8. The firm shows a Beta (market volatility) of 2.54, 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, EVI Industries will likely underperform. Please check EVI Industries' potential upside, and the relationship between the total risk alpha and kurtosis , to make a quick decision on whether EVI Industries' price patterns will revert.
Auto-correlation | -0.56 |
Good reverse predictability
EVI Industries has good reverse predictability. Overlapping area represents the amount of predictability between EVI Industries time series from 6th of December 2022 to 1st of December 2023 and 1st of December 2023 to 25th 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 EVI Industries price movement. The serial correlation of -0.56 indicates that roughly 56.0% of current EVI Industries price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.56 | |
| Spearman Rank Test | -0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 5.78 |
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 |
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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 |
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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 |
Currently Active Assets on Macroaxis
When determining whether EVI Industries offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of EVI Industries' 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 Evi Industries Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Evi Industries Stock: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 Content Syndication module to quickly integrate customizable finance content to your own investment portal.
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.