Evertz Technologies Limited Stock Market Value

EVTZF Stock  USD 8.68  0.00  0.00%   
Evertz Technologies' market value is the price at which a share of Evertz Technologies trades on a public exchange. It measures the collective expectations of Evertz Technologies Limited investors about its performance. Evertz Technologies is trading at 8.68 as of the 24th of November 2024. This is a No Change since the beginning of the trading day. The stock's lowest day price was 8.68.
With this module, you can estimate the performance of a buy and hold strategy of Evertz Technologies Limited and determine expected loss or profit from investing in Evertz Technologies over a given investment horizon. Check out Evertz Technologies Correlation, Evertz Technologies Volatility and Evertz Technologies Alpha and Beta module to complement your research on Evertz Technologies.
Symbol

Please note, there is a significant difference between Evertz Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if Evertz Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Evertz Technologies' 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.

Evertz Technologies '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 Evertz Technologies' pink sheet 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 Evertz Technologies.
0.00
11/30/2023
No Change 0.00  0.0 
In 11 months and 27 days
11/24/2024
0.00
If you would invest  0.00  in Evertz Technologies on November 30, 2023 and sell it all today you would earn a total of 0.00 from holding Evertz Technologies Limited or generate 0.0% return on investment in Evertz Technologies over 360 days. Evertz Technologies is related to or competes with Boxlight Corp, Siyata Mobile, ClearOne, HUMANA, Barloworld, Morningstar Unconstrained, and High-yield Municipal. Evertz Technologies Limited engages in the design, manufacture, and distribution of video and audio infrastructure solut... More

Evertz Technologies 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 Evertz Technologies' pink sheet 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 Evertz Technologies Limited upside and downside potential and time the market with a certain degree of confidence.

Evertz Technologies Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Evertz Technologies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Evertz Technologies' standard deviation. In reality, there are many statistical measures that can use Evertz Technologies historical prices to predict the future Evertz Technologies' volatility.
Hype
Prediction
LowEstimatedHigh
6.768.6810.60
Details
Intrinsic
Valuation
LowRealHigh
6.198.1110.03
Details
Naive
Forecast
LowNextHigh
6.938.8510.77
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
8.688.688.68
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Evertz Technologies. Your research has to be compared to or analyzed against Evertz Technologies' peers to derive any actionable benefits. When done correctly, Evertz Technologies' competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Evertz Technologies.

Evertz Technologies Backtested Returns

Evertz Technologies secures Sharpe Ratio (or Efficiency) of -0.0728, which denotes the company had a -0.0728% return per unit of risk over the last 3 months. Evertz Technologies Limited exposes nineteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Evertz Technologies' Mean Deviation of 0.6911, variance of 3.67, and Standard Deviation of 1.92 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.15, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Evertz Technologies are expected to decrease at a much lower rate. During the bear market, Evertz Technologies is likely to outperform the market. At this point, Evertz Technologies has a negative expected return of -0.14%. Please make sure to confirm Evertz Technologies' mean deviation, jensen alpha, as well as the relationship between the Jensen Alpha and kurtosis , to decide if Evertz Technologies performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  -0.51  

Good reverse predictability

Evertz Technologies Limited has good reverse predictability. Overlapping area represents the amount of predictability between Evertz Technologies time series from 30th of November 2023 to 28th of May 2024 and 28th of May 2024 to 24th 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 Evertz Technologies price movement. The serial correlation of -0.51 indicates that about 51.0% of current Evertz Technologies price fluctuation can be explain by its past prices.
Correlation Coefficient-0.51
Spearman Rank Test0.15
Residual Average0.0
Price Variance0.33

Evertz Technologies lagged returns against current returns

Autocorrelation, which is Evertz Technologies pink sheet'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 Evertz Technologies' pink sheet expected returns. We can calculate the autocorrelation of Evertz Technologies returns to help us make a trade decision. For example, suppose you find that Evertz Technologies has exhibited high autocorrelation historically, and you observe that the pink sheet 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  

Evertz Technologies 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 Evertz Technologies pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Evertz Technologies pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Evertz Technologies pink sheet over time.
   Current vs Lagged Prices   
       Timeline  

Evertz Technologies Lagged Returns

When evaluating Evertz Technologies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Evertz Technologies pink sheet have on its future price. Evertz Technologies 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, Evertz Technologies autocorrelation shows the relationship between Evertz Technologies pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Evertz Technologies Limited.
   Regressed Prices   
       Timeline  

Currently Active Assets on Macroaxis

Other Information on Investing in Evertz Pink Sheet

Evertz Technologies financial ratios help investors to determine whether Evertz Pink Sheet is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Evertz with respect to the benefits of owning Evertz Technologies security.