Enpro Industries Stock Market Value
| NPO Stock | USD 180.13 5.79 3.32% |
| Symbol | Enpro |
Enpro Industries Price To Book Ratio
Is Industrial Machinery & Supplies & Components 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 Enpro Industries. If investors know Enpro 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 Enpro 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 1.41 | Dividend Share 1.19 | Earnings Share 2.57 | Revenue Per Share 49.554 | Quarterly Revenue Growth 0.041 |
The market value of Enpro Industries is measured differently than its book value, which is the value of Enpro that is recorded on the company's balance sheet. Investors also form their own opinion of Enpro Industries' value that differs from its market value or its book value, called intrinsic value, which is Enpro 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 Enpro Industries' market value can be influenced by many factors that don't directly affect Enpro 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 Enpro Industries' value and its price as these two are different measures arrived at by different means. Investors typically determine if Enpro Industries is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Enpro 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.
Enpro 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 Enpro 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 Enpro Industries.
| 12/02/2022 |
| 11/21/2024 |
If you would invest 0.00 in Enpro Industries on December 2, 2022 and sell it all today you would earn a total of 0.00 from holding Enpro Industries or generate 0.0% return on investment in Enpro Industries over 720 days. Enpro Industries is related to or competes with Helios Technologies, Omega Flex, Luxfer Holdings, Hurco Companies, Enerpac Tool, Gorman Rupp, and Middleby Corp. EnPro Industries, Inc. engages in the design, development, manufacture, marketing, and service of engineered industrial ... More
Enpro 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 Enpro 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 Enpro Industries upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.96 | |||
| Information Ratio | 0.0597 | |||
| Maximum Drawdown | 13.16 | |||
| Value At Risk | (2.30) | |||
| Potential Upside | 3.4 |
Enpro Industries Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Enpro Industries' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Enpro Industries' standard deviation. In reality, there are many statistical measures that can use Enpro Industries historical prices to predict the future Enpro Industries' volatility.| Risk Adjusted Performance | 0.0836 | |||
| Jensen Alpha | 0.027 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | 0.0683 | |||
| Treynor Ratio | 0.0974 |
Enpro Industries Backtested Returns
Enpro Industries appears to be very steady, given 3 months investment horizon. Enpro Industries secures Sharpe Ratio (or Efficiency) of 0.093, which denotes the company had a 0.093% return per unit of risk over the last 3 months. We have found thirty technical indicators for Enpro Industries, which you can use to evaluate the volatility of the firm. Please utilize Enpro Industries' Coefficient Of Variation of 979.28, mean deviation of 1.46, and Downside Deviation of 1.96 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Enpro Industries holds a performance score of 7. The firm shows a Beta (market volatility) of 2.25, 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, Enpro Industries will likely underperform. Please check Enpro Industries' skewness, and the relationship between the value at risk and day median price , to make a quick decision on whether Enpro Industries' price patterns will revert.
Auto-correlation | 0.07 |
Virtually no predictability
Enpro Industries has virtually no predictability. Overlapping area represents the amount of predictability between Enpro Industries time series from 2nd of December 2022 to 27th of November 2023 and 27th of November 2023 to 21st 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 Enpro Industries price movement. The serial correlation of 0.07 indicates that barely 7.0% of current Enpro Industries price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.07 | |
| Spearman Rank Test | 0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 71.79 |
Enpro Industries lagged returns against current returns
Autocorrelation, which is Enpro 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 Enpro Industries' stock expected returns. We can calculate the autocorrelation of Enpro Industries returns to help us make a trade decision. For example, suppose you find that Enpro 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 |
| Timeline |
Enpro 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 Enpro Industries stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Enpro Industries stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Enpro Industries stock over time.
Current vs Lagged Prices |
| Timeline |
Enpro Industries Lagged Returns
When evaluating Enpro Industries' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Enpro Industries stock have on its future price. Enpro 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, Enpro Industries autocorrelation shows the relationship between Enpro Industries stock current value and its past values and can show if there is a momentum factor associated with investing in Enpro Industries.
Regressed Prices |
| Timeline |
Pair Trading with Enpro Industries
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 Enpro Industries 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 Enpro Industries will appreciate offsetting losses from the drop in the long position's value.Moving together with Enpro Stock
Moving against Enpro Stock
The ability to find closely correlated positions to Enpro Industries could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Enpro Industries 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 Enpro Industries - 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 Enpro Industries to buy it.
The correlation of Enpro Industries 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 Enpro Industries moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Enpro Industries 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 Enpro Industries 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 Enpro Industries Correlation, Enpro Industries Volatility and Enpro Industries Alpha and Beta module to complement your research on Enpro Industries. To learn how to invest in Enpro Stock, please use our How to Invest in Enpro Industries guide.You can also try the Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.
Enpro 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.