Envista Holdings Corp Stock Market Value
| NVST Stock | USD 22.18 0.70 3.26% |
| Symbol | Envista |
Envista Holdings Corp Price To Book Ratio
Is Health Care Equipment & Supplies 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 Envista Holdings. If investors know Envista 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 Envista Holdings 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 (0.60) | Earnings Share (7.82) | Revenue Per Share 14.554 | Quarterly Revenue Growth (0.05) | Return On Assets 0.0169 |
The market value of Envista Holdings Corp is measured differently than its book value, which is the value of Envista that is recorded on the company's balance sheet. Investors also form their own opinion of Envista Holdings' value that differs from its market value or its book value, called intrinsic value, which is Envista Holdings' 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 Envista Holdings' market value can be influenced by many factors that don't directly affect Envista Holdings' 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 Envista Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if Envista Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Envista Holdings' 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.
Envista Holdings '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 Envista Holdings' 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 Envista Holdings.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Envista Holdings on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Envista Holdings Corp or generate 0.0% return on investment in Envista Holdings over 30 days. Envista Holdings is related to or competes with Cooper Companies,, Hologic, Teleflex Incorporated, West Pharmaceutical, Haemonetics, ICU Medical, and Merit Medical. Envista Holdings Corporation, together with its subsidiaries, engages in the development, sale, and marketing of dental ... More
Envista Holdings 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 Envista Holdings' 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 Envista Holdings Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.94 | |||
| Information Ratio | 0.0691 | |||
| Maximum Drawdown | 13.77 | |||
| Value At Risk | (2.68) | |||
| Potential Upside | 4.06 |
Envista Holdings Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Envista Holdings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Envista Holdings' standard deviation. In reality, there are many statistical measures that can use Envista Holdings historical prices to predict the future Envista Holdings' volatility.| Risk Adjusted Performance | 0.1009 | |||
| Jensen Alpha | 0.1962 | |||
| Total Risk Alpha | (0.1) | |||
| Sortino Ratio | 0.087 | |||
| Treynor Ratio | 0.3745 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Envista Holdings' 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.
Envista Holdings Corp Backtested Returns
Envista Holdings appears to be very steady, given 3 months investment horizon. Envista Holdings Corp secures Sharpe Ratio (or Efficiency) of 0.13, which denotes the company had a 0.13% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Envista Holdings Corp, which you can use to evaluate the volatility of the firm. Please utilize Envista Holdings' Mean Deviation of 1.9, coefficient of variation of 815.25, and Downside Deviation of 1.94 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Envista Holdings holds a performance score of 10. The firm shows a Beta (market volatility) of 0.77, which means possible diversification benefits within a given portfolio. As returns on the market increase, Envista Holdings' returns are expected to increase less than the market. However, during the bear market, the loss of holding Envista Holdings is expected to be smaller as well. Please check Envista Holdings' sortino ratio, semi variance, as well as the relationship between the Semi Variance and rate of daily change , to make a quick decision on whether Envista Holdings' price patterns will revert.
Auto-correlation | 0.07 |
Virtually no predictability
Envista Holdings Corp has virtually no predictability. Overlapping area represents the amount of predictability between Envista Holdings time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 Envista Holdings Corp price movement. The serial correlation of 0.07 indicates that barely 7.0% of current Envista Holdings price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.07 | |
| Spearman Rank Test | 0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 0.37 |
Envista Holdings Corp lagged returns against current returns
Autocorrelation, which is Envista Holdings 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 Envista Holdings' stock expected returns. We can calculate the autocorrelation of Envista Holdings returns to help us make a trade decision. For example, suppose you find that Envista Holdings 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 |
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Envista Holdings 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 Envista Holdings stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Envista Holdings stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Envista Holdings stock over time.
Current vs Lagged Prices |
| Timeline |
Envista Holdings Lagged Returns
When evaluating Envista Holdings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Envista Holdings stock have on its future price. Envista Holdings 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, Envista Holdings autocorrelation shows the relationship between Envista Holdings stock current value and its past values and can show if there is a momentum factor associated with investing in Envista Holdings Corp.
Regressed Prices |
| Timeline |
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Additional Tools for Envista Stock Analysis
When running Envista Holdings' price analysis, check to measure Envista Holdings' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Envista Holdings is operating at the current time. Most of Envista Holdings' value examination focuses on studying past and present price action to predict the probability of Envista Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Envista Holdings' price. Additionally, you may evaluate how the addition of Envista Holdings to your portfolios can decrease your overall portfolio volatility.