Evotec Se Adr Stock Market Value
| EVO Stock | USD 4.49 0.27 6.40% |
| Symbol | Evotec |
Evotec SE ADR Price To Book Ratio
Is Biotechnology 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 Evotec SE. If investors know Evotec 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 Evotec SE listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.51) | Revenue Per Share | Quarterly Revenue Growth (0.06) | Return On Assets | Return On Equity |
The market value of Evotec SE ADR is measured differently than its book value, which is the value of Evotec that is recorded on the company's balance sheet. Investors also form their own opinion of Evotec SE's value that differs from its market value or its book value, called intrinsic value, which is Evotec SE'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 Evotec SE's market value can be influenced by many factors that don't directly affect Evotec SE'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 Evotec SE's value and its price as these two are different measures arrived at by different means. Investors typically determine if Evotec SE is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Evotec SE'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.
Evotec SE '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 Evotec SE'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 Evotec SE.
| 11/01/2024 |
| 01/30/2025 |
If you would invest 0.00 in Evotec SE on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Evotec SE ADR or generate 0.0% return on investment in Evotec SE over 90 days. Evotec SE is related to or competes with Prestige Brand, Supernus Pharmaceuticals, Collegium Pharmaceutical, ANI Pharmaceuticals, Phibro Animal, Pacira BioSciences,, and Dr Reddys. Evotec SE operates as drug discovery and development partner for the pharmaceutical and biotechnology industry worldwide More
Evotec SE 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 Evotec SE'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 Evotec SE ADR upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.16 | |||
| Information Ratio | 0.0591 | |||
| Maximum Drawdown | 33.99 | |||
| Value At Risk | (8.83) | |||
| Potential Upside | 12.09 |
Evotec SE Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Evotec SE's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Evotec SE's standard deviation. In reality, there are many statistical measures that can use Evotec SE historical prices to predict the future Evotec SE's volatility.| Risk Adjusted Performance | 0.0704 | |||
| Jensen Alpha | 0.4534 | |||
| Total Risk Alpha | (0.10) | |||
| Sortino Ratio | 0.0557 | |||
| Treynor Ratio | (0.88) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Evotec SE's 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.
Evotec SE ADR Backtested Returns
Evotec SE appears to be unstable, given 3 months investment horizon. Evotec SE ADR secures Sharpe Ratio (or Efficiency) of 0.0701, which denotes the company had a 0.0701 % return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Evotec SE ADR, which you can use to evaluate the volatility of the firm. Please utilize Evotec SE's Mean Deviation of 3.93, coefficient of variation of 1356.0, and Downside Deviation of 6.16 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Evotec SE holds a performance score of 5. The firm shows a Beta (market volatility) of -0.48, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Evotec SE are expected to decrease at a much lower rate. During the bear market, Evotec SE is likely to outperform the market. Please check Evotec SE's semi variance, and the relationship between the treynor ratio and daily balance of power , to make a quick decision on whether Evotec SE's price patterns will revert.
Auto-correlation | -0.19 |
Insignificant reverse predictability
Evotec SE ADR has insignificant reverse predictability. Overlapping area represents the amount of predictability between Evotec SE time series from 1st of November 2024 to 16th of December 2024 and 16th of December 2024 to 30th 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 Evotec SE ADR price movement. The serial correlation of -0.19 indicates that over 19.0% of current Evotec SE price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.19 | |
| Spearman Rank Test | -0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
Evotec SE ADR lagged returns against current returns
Autocorrelation, which is Evotec SE 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 Evotec SE's stock expected returns. We can calculate the autocorrelation of Evotec SE returns to help us make a trade decision. For example, suppose you find that Evotec SE 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 |
Evotec SE 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 Evotec SE stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Evotec SE stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Evotec SE stock over time.
Current vs Lagged Prices |
| Timeline |
Evotec SE Lagged Returns
When evaluating Evotec SE's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Evotec SE stock have on its future price. Evotec SE 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, Evotec SE autocorrelation shows the relationship between Evotec SE stock current value and its past values and can show if there is a momentum factor associated with investing in Evotec SE ADR.
Regressed Prices |
| Timeline |
Pair Trading with Evotec SE
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 Evotec SE 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 Evotec SE will appreciate offsetting losses from the drop in the long position's value.Moving against Evotec Stock
| 0.74 | PFE | Pfizer Inc Earnings Call This Week | PairCorr |
| 0.5 | LLY | Eli Lilly Earnings Call This Week | PairCorr |
| 0.44 | MRK | Merck Company Earnings Call This Week | PairCorr |
| 0.41 | NKTX | Nkarta Inc | PairCorr |
| 0.36 | MLAB | Mesa Laboratories Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to Evotec SE could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Evotec SE 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 Evotec SE - 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 Evotec SE ADR to buy it.
The correlation of Evotec SE 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 Evotec SE moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Evotec SE ADR 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 Evotec SE 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 Evotec SE Correlation, Evotec SE Volatility and Evotec SE Alpha and Beta module to complement your research on Evotec SE. You can also try the Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.
Evotec SE 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.