Ezgo Technologies Stock Market Value
| EZGO Stock | USD 0.95 0.07 7.95% |
| Symbol | EZGO |
EZGO Technologies Price To Book Ratio
Is Apparel, Accessories & Luxury Goods 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 EZGO Technologies. If investors know EZGO 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 EZGO Technologies 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 0.771 | Earnings Share (63.06) | Revenue Per Share 9.401 | Quarterly Revenue Growth 0.661 | Return On Assets (0.05) |
The market value of EZGO Technologies is measured differently than its book value, which is the value of EZGO that is recorded on the company's balance sheet. Investors also form their own opinion of EZGO Technologies' value that differs from its market value or its book value, called intrinsic value, which is EZGO Technologies' 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 EZGO Technologies' market value can be influenced by many factors that don't directly affect EZGO Technologies' 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 EZGO Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if EZGO Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, EZGO 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.
EZGO 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 EZGO Technologies' 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 EZGO Technologies.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in EZGO Technologies on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding EZGO Technologies or generate 0.0% return on investment in EZGO Technologies over 30 days. EZGO Technologies is related to or competes with Vision Marine, Marine Products, Thor Industries, BRP, Brunswick, Life Electric, and LCI Industries. EZGO Technologies Ltd., through its subsidiaries, engages in the design, manufacture, rental, and sale of e-bicycles and... More
EZGO 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 EZGO Technologies' 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 EZGO Technologies upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 31.43 | |||
| Value At Risk | (7.27) | |||
| Potential Upside | 13.28 |
EZGO Technologies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for EZGO Technologies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as EZGO Technologies' standard deviation. In reality, there are many statistical measures that can use EZGO Technologies historical prices to predict the future EZGO Technologies' volatility.| Risk Adjusted Performance | (0.0005) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.80) | |||
| Treynor Ratio | (80.26) |
EZGO Technologies Backtested Returns
EZGO Technologies secures Sharpe Ratio (or Efficiency) of -0.0442, which denotes the company had a -0.0442% return per unit of return volatility over the last 3 months. EZGO Technologies exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm EZGO Technologies' mean deviation of 4.33, and Standard Deviation of 6.31 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.0011, which means not very significant fluctuations relative to the market. As returns on the market increase, EZGO Technologies' returns are expected to increase less than the market. However, during the bear market, the loss of holding EZGO Technologies is expected to be smaller as well. At this point, EZGO Technologies has a negative expected return of -0.27%. Please make sure to confirm EZGO Technologies' total risk alpha, as well as the relationship between the kurtosis and day typical price , to decide if EZGO Technologies performance from the past will be repeated at future time.
Auto-correlation | 0.80 |
Very good predictability
EZGO Technologies has very good predictability. Overlapping area represents the amount of predictability between EZGO Technologies time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 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 EZGO Technologies price movement. The serial correlation of 0.8 indicates that around 80.0% of current EZGO Technologies price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.8 | |
| Spearman Rank Test | 0.85 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
EZGO Technologies lagged returns against current returns
Autocorrelation, which is EZGO Technologies 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 EZGO Technologies' stock expected returns. We can calculate the autocorrelation of EZGO Technologies returns to help us make a trade decision. For example, suppose you find that EZGO Technologies 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 |
EZGO 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 EZGO Technologies stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if EZGO Technologies stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in EZGO Technologies stock over time.
Current vs Lagged Prices |
| Timeline |
EZGO Technologies Lagged Returns
When evaluating EZGO Technologies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of EZGO Technologies stock have on its future price. EZGO 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, EZGO Technologies autocorrelation shows the relationship between EZGO Technologies stock current value and its past values and can show if there is a momentum factor associated with investing in EZGO Technologies.
Regressed Prices |
| Timeline |
Pair Trading with EZGO Technologies
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 EZGO Technologies 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 EZGO Technologies will appreciate offsetting losses from the drop in the long position's value.Moving against EZGO Stock
| 0.68 | AS | Amer Sports, Upward Rally | PairCorr |
| 0.68 | VSTO | Vista Outdoor | PairCorr |
| 0.64 | RL | Ralph Lauren Corp | PairCorr |
| 0.61 | DOGZ | Dogness International | PairCorr |
| 0.58 | UA | Under Armour C | PairCorr |
The ability to find closely correlated positions to EZGO Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace EZGO Technologies 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 EZGO Technologies - 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 EZGO Technologies to buy it.
The correlation of EZGO Technologies 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 EZGO Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if EZGO Technologies 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 EZGO Technologies 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 EZGO Technologies Correlation, EZGO Technologies Volatility and EZGO Technologies Alpha and Beta module to complement your research on EZGO Technologies. To learn how to invest in EZGO Stock, please use our How to Invest in EZGO Technologies guide.You can also try the Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.
EZGO Technologies 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.