Everspin Technologies Stock Market Value
| MRAM Stock | USD 6.36 0.28 4.61% |
| Symbol | Everspin |
Everspin Technologies Price To Book Ratio
Is Semiconductors & Semiconductor Equipment 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 Everspin Technologies. If investors know Everspin 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 Everspin 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 (0.09) | Earnings Share 0.07 | Revenue Per Share 2.516 | Quarterly Revenue Growth (0.27) | Return On Assets (0.04) |
The market value of Everspin Technologies is measured differently than its book value, which is the value of Everspin that is recorded on the company's balance sheet. Investors also form their own opinion of Everspin Technologies' value that differs from its market value or its book value, called intrinsic value, which is Everspin 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 Everspin Technologies' market value can be influenced by many factors that don't directly affect Everspin 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 Everspin Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if Everspin Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Everspin 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.
Everspin 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 Everspin 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 Everspin Technologies.
| 12/01/2023 |
| 11/25/2024 |
If you would invest 0.00 in Everspin Technologies on December 1, 2023 and sell it all today you would earn a total of 0.00 from holding Everspin Technologies or generate 0.0% return on investment in Everspin Technologies over 360 days. Everspin Technologies is related to or competes with MACOM Technology, Power Integrations, Diodes Incorporated, CEVA, Silicon Laboratories, MaxLinear, and Amkor Technology. Everspin Technologies, Inc. manufactures and sells magnetoresistive random access memory products in the United States, ... More
Everspin 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 Everspin 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 Everspin Technologies upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.05 | |||
| Information Ratio | 0.0265 | |||
| Maximum Drawdown | 15.98 | |||
| Value At Risk | (5.02) | |||
| Potential Upside | 5.45 |
Everspin Technologies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Everspin Technologies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Everspin Technologies' standard deviation. In reality, there are many statistical measures that can use Everspin Technologies historical prices to predict the future Everspin Technologies' volatility.| Risk Adjusted Performance | 0.0638 | |||
| Jensen Alpha | 0.0157 | |||
| Total Risk Alpha | (0.24) | |||
| Sortino Ratio | 0.024 | |||
| Treynor Ratio | 0.1314 |
Everspin Technologies Backtested Returns
Everspin Technologies appears to be somewhat reliable, given 3 months investment horizon. Everspin Technologies secures Sharpe Ratio (or Efficiency) of 0.079, which denotes the company had a 0.079% return per unit of risk over the last 3 months. We have found thirty technical indicators for Everspin Technologies, which you can use to evaluate the volatility of the firm. Please utilize Everspin Technologies' Coefficient Of Variation of 1355.31, downside deviation of 3.05, and Mean Deviation of 1.91 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Everspin Technologies holds a performance score of 6. The firm shows a Beta (market volatility) of 1.48, 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, Everspin Technologies will likely underperform. Please check Everspin Technologies' semi variance, day typical price, and the relationship between the maximum drawdown and accumulation distribution , to make a quick decision on whether Everspin Technologies' price patterns will revert.
Auto-correlation | -0.2 |
Insignificant reverse predictability
Everspin Technologies has insignificant reverse predictability. Overlapping area represents the amount of predictability between Everspin Technologies time series from 1st of December 2023 to 29th of May 2024 and 29th of May 2024 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 Everspin Technologies price movement. The serial correlation of -0.2 indicates that over 20.0% of current Everspin Technologies price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.2 | |
| Spearman Rank Test | 0.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.15 |
Everspin Technologies lagged returns against current returns
Autocorrelation, which is Everspin 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 Everspin Technologies' stock expected returns. We can calculate the autocorrelation of Everspin Technologies returns to help us make a trade decision. For example, suppose you find that Everspin 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 |
Everspin 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 Everspin Technologies stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Everspin Technologies stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Everspin Technologies stock over time.
Current vs Lagged Prices |
| Timeline |
Everspin Technologies Lagged Returns
When evaluating Everspin Technologies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Everspin Technologies stock have on its future price. Everspin 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, Everspin Technologies autocorrelation shows the relationship between Everspin Technologies stock current value and its past values and can show if there is a momentum factor associated with investing in Everspin Technologies.
Regressed Prices |
| Timeline |
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Everspin 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.