Expro Group Holdings Stock Market Value
| XPRO Stock | USD 14.83 0.35 2.42% |
| Symbol | Expro |
Expro Group Holdings Price To Book Ratio
Is Oil & Gas Exploration & Production 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 Expro Group. If investors know Expro 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 Expro Group 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 0.625 | Earnings Share 0.14 | Revenue Per Share | Quarterly Revenue Growth 0.143 | Return On Assets |
The market value of Expro Group Holdings is measured differently than its book value, which is the value of Expro that is recorded on the company's balance sheet. Investors also form their own opinion of Expro Group's value that differs from its market value or its book value, called intrinsic value, which is Expro Group's 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 Expro Group's market value can be influenced by many factors that don't directly affect Expro Group's 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 Expro Group's value and its price as these two are different measures arrived at by different means. Investors typically determine if Expro Group is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Expro Group's 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.
Expro Group '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 Expro Group's 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 Expro Group.
| 11/19/2024 |
| 01/18/2025 |
If you would invest 0.00 in Expro Group on November 19, 2024 and sell it all today you would earn a total of 0.00 from holding Expro Group Holdings or generate 0.0% return on investment in Expro Group over 60 days. Expro Group is related to or competes with ChampionX, Ranger Energy, Cactus, MRC Global, Helix Energy, Oceaneering International, and RPC. Expro Group Holdings N.V. engages in the provision of energy services in North and Latin America, Europe and Sub-Saharan... More
Expro Group 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 Expro Group's 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 Expro Group Holdings upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 20.57 | |||
| Value At Risk | (4.86) | |||
| Potential Upside | 3.7 |
Expro Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Expro Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Expro Group's standard deviation. In reality, there are many statistical measures that can use Expro Group historical prices to predict the future Expro Group's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.23) | |||
| Total Risk Alpha | (0.29) | |||
| Treynor Ratio | (0.32) |
Expro Group Holdings Backtested Returns
Expro Group Holdings secures Sharpe Ratio (or Efficiency) of -0.0296, which denotes the company had a -0.0296% return per unit of risk over the last 3 months. Expro Group Holdings exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Expro Group's Standard Deviation of 3.13, variance of 9.78, and Mean Deviation of 2.18 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.68, which means possible diversification benefits within a given portfolio. As returns on the market increase, Expro Group's returns are expected to increase less than the market. However, during the bear market, the loss of holding Expro Group is expected to be smaller as well. At this point, Expro Group Holdings has a negative expected return of -0.0924%. Please make sure to confirm Expro Group's maximum drawdown, daily balance of power, as well as the relationship between the Daily Balance Of Power and period momentum indicator , to decide if Expro Group Holdings performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.87 |
Excellent reverse predictability
Expro Group Holdings has excellent reverse predictability. Overlapping area represents the amount of predictability between Expro Group time series from 19th of November 2024 to 19th of December 2024 and 19th of December 2024 to 18th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Expro Group Holdings price movement. The serial correlation of -0.87 indicates that approximately 87.0% of current Expro Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.87 | |
| Spearman Rank Test | -0.71 | |
| Residual Average | 0.0 | |
| Price Variance | 1.32 |
Expro Group Holdings lagged returns against current returns
Autocorrelation, which is Expro Group 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 Expro Group's stock expected returns. We can calculate the autocorrelation of Expro Group returns to help us make a trade decision. For example, suppose you find that Expro Group 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 |
Expro Group 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 Expro Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Expro Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Expro Group stock over time.
Current vs Lagged Prices |
| Timeline |
Expro Group Lagged Returns
When evaluating Expro Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Expro Group stock have on its future price. Expro Group 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, Expro Group autocorrelation shows the relationship between Expro Group stock current value and its past values and can show if there is a momentum factor associated with investing in Expro Group Holdings.
Regressed Prices |
| Timeline |
Pair Trading with Expro Group
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 Expro Group 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 Expro Group will appreciate offsetting losses from the drop in the long position's value.Moving against Expro Stock
| 0.61 | NOA | North American Const | PairCorr |
| 0.54 | TS | Tenaris SA ADR | PairCorr |
| 0.54 | EFXT | Enerflex | PairCorr |
| 0.5 | FTK | Flotek Industries | PairCorr |
| 0.46 | KGS | Kodiak Gas Services, | PairCorr |
The ability to find closely correlated positions to Expro Group could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Expro Group 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 Expro Group - 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 Expro Group Holdings to buy it.
The correlation of Expro Group 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 Expro Group moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Expro Group Holdings 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 Expro Group 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 Expro Group Correlation, Expro Group Volatility and Expro Group Alpha and Beta module to complement your research on Expro Group. You can also try the ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.
Expro Group 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.