17 Education Technology Stock Market Value
| YQ Stock | USD 1.90 0.10 5.56% |
| Symbol | 17 Education |
17 Education Technology Price To Book Ratio
Is Interactive Media & Services 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 17 Education. If investors know 17 Education 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 17 Education listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (4.70) | Revenue Per Share 22.542 | Quarterly Revenue Growth (0.03) | Return On Assets (0.27) | Return On Equity (0.53) |
The market value of 17 Education Technology is measured differently than its book value, which is the value of 17 Education that is recorded on the company's balance sheet. Investors also form their own opinion of 17 Education's value that differs from its market value or its book value, called intrinsic value, which is 17 Education'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 17 Education's market value can be influenced by many factors that don't directly affect 17 Education'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 17 Education's value and its price as these two are different measures arrived at by different means. Investors typically determine if 17 Education is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, 17 Education'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.
17 Education '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 17 Education'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 17 Education.
| 11/30/2023 |
| 11/24/2024 |
If you would invest 0.00 in 17 Education on November 30, 2023 and sell it all today you would earn a total of 0.00 from holding 17 Education Technology or generate 0.0% return on investment in 17 Education over 360 days. 17 Education is related to or competes with Sunlands Technology, Ihuman, Gaotu Techedu, New Oriental, Chegg, Elite Education, and Universal Technical. 17 Education Technology Group Inc., an education technology company, provides education and education technology service... More
17 Education 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 17 Education'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 17 Education Technology upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 32.1 | |||
| Value At Risk | (6.19) | |||
| Potential Upside | 7.17 |
17 Education Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 17 Education's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 17 Education's standard deviation. In reality, there are many statistical measures that can use 17 Education historical prices to predict the future 17 Education's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.86) | |||
| Treynor Ratio | (0.19) |
17 Education Technology Backtested Returns
Currently, 17 Education Technology is dangerous. 17 Education Technology retains Efficiency (Sharpe Ratio) of 0.0024, which signifies that the company had a 0.0024% return per unit of price deviation over the last 3 months. We have found twenty-four technical indicators for 17 Education, which you can use to evaluate the volatility of the entity. Please confirm 17 Education's Variance of 23.59, information ratio of (0.05), and Market Risk Adjusted Performance of (0.18) to double-check if the risk estimate we provide is consistent with the expected return of 0.0118%. The firm owns a Beta (Systematic Risk) of 0.52, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, 17 Education's returns are expected to increase less than the market. However, during the bear market, the loss of holding 17 Education is expected to be smaller as well. 17 Education Technology today owns a risk of 4.86%. Please confirm 17 Education Technology potential upside, day median price, and the relationship between the treynor ratio and accumulation distribution , to decide if 17 Education Technology will be following its current price history.
Auto-correlation | -0.16 |
Insignificant reverse predictability
17 Education Technology has insignificant reverse predictability. Overlapping area represents the amount of predictability between 17 Education time series from 30th of November 2023 to 28th of May 2024 and 28th of May 2024 to 24th 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 17 Education Technology price movement. The serial correlation of -0.16 indicates that over 16.0% of current 17 Education price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.16 | |
| Spearman Rank Test | -0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 0.08 |
17 Education Technology lagged returns against current returns
Autocorrelation, which is 17 Education 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 17 Education's stock expected returns. We can calculate the autocorrelation of 17 Education returns to help us make a trade decision. For example, suppose you find that 17 Education 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 |
17 Education 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 17 Education stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 17 Education stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 17 Education stock over time.
Current vs Lagged Prices |
| Timeline |
17 Education Lagged Returns
When evaluating 17 Education's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 17 Education stock have on its future price. 17 Education 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, 17 Education autocorrelation shows the relationship between 17 Education stock current value and its past values and can show if there is a momentum factor associated with investing in 17 Education Technology.
Regressed Prices |
| Timeline |
Pair Trading with 17 Education
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 17 Education 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 17 Education will appreciate offsetting losses from the drop in the long position's value.Moving together with 17 Education Stock
Moving against 17 Education Stock
| 0.6 | LRN | Stride Inc | PairCorr |
| 0.54 | UTI | Universal Technical | PairCorr |
| 0.42 | EEIQ | Elite Education Group | PairCorr |
The ability to find closely correlated positions to 17 Education could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace 17 Education 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 17 Education - 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 17 Education Technology to buy it.
The correlation of 17 Education 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 17 Education moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if 17 Education Technology 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 17 Education 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.Additional Tools for 17 Education Stock Analysis
When running 17 Education's price analysis, check to measure 17 Education's 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 17 Education is operating at the current time. Most of 17 Education's value examination focuses on studying past and present price action to predict the probability of 17 Education's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move 17 Education's price. Additionally, you may evaluate how the addition of 17 Education to your portfolios can decrease your overall portfolio volatility.