Zurn Elkay Water Stock Market Value
| ZWS Stock | USD 39.93 0.58 1.47% |
| Symbol | Zurn |
Zurn Elkay Water Price To Book Ratio
Is Building Products 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 Zurn Elkay. If investors know Zurn 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 Zurn Elkay 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 0.063 | Dividend Share 0.32 | Earnings Share 0.78 | Revenue Per Share 9.01 | Quarterly Revenue Growth 0.029 |
The market value of Zurn Elkay Water is measured differently than its book value, which is the value of Zurn that is recorded on the company's balance sheet. Investors also form their own opinion of Zurn Elkay's value that differs from its market value or its book value, called intrinsic value, which is Zurn Elkay'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 Zurn Elkay's market value can be influenced by many factors that don't directly affect Zurn Elkay'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 Zurn Elkay's value and its price as these two are different measures arrived at by different means. Investors typically determine if Zurn Elkay is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Zurn Elkay'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.
Zurn Elkay '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 Zurn Elkay'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 Zurn Elkay.
| 08/26/2024 |
| 11/24/2024 |
If you would invest 0.00 in Zurn Elkay on August 26, 2024 and sell it all today you would earn a total of 0.00 from holding Zurn Elkay Water or generate 0.0% return on investment in Zurn Elkay over 90 days. Zurn Elkay is related to or competes with Energy Recovery, CECO Environmental, 374Water Common, Federal Signal, Fuel Tech, Aker Carbon, and TOMI Environmental. Zurn Elkay Water Solutions Corporation designs, procures, manufactures, and markets water system solutions that provide ... More
Zurn Elkay 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 Zurn Elkay'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 Zurn Elkay Water upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.32 | |||
| Information Ratio | 0.1453 | |||
| Maximum Drawdown | 9.65 | |||
| Value At Risk | (1.93) | |||
| Potential Upside | 2.83 |
Zurn Elkay Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Zurn Elkay's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Zurn Elkay's standard deviation. In reality, there are many statistical measures that can use Zurn Elkay historical prices to predict the future Zurn Elkay's volatility.| Risk Adjusted Performance | 0.1761 | |||
| Jensen Alpha | 0.1933 | |||
| Total Risk Alpha | 0.1002 | |||
| Sortino Ratio | 0.1861 | |||
| Treynor Ratio | 0.2549 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Zurn Elkay's 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.
Zurn Elkay Water Backtested Returns
Zurn Elkay appears to be very steady, given 3 months investment horizon. Zurn Elkay Water shows Sharpe Ratio of 0.21, which attests that the company had a 0.21% return per unit of risk over the last 3 months. We have found thirty technical indicators for Zurn Elkay Water, which you can use to evaluate the volatility of the company. Please utilize Zurn Elkay's Downside Deviation of 1.32, mean deviation of 1.24, and Market Risk Adjusted Performance of 0.2649 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Zurn Elkay holds a performance score of 16. The firm maintains a market beta of 1.44, which attests to 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, Zurn Elkay will likely underperform. Please check Zurn Elkay's kurtosis, market facilitation index, and the relationship between the semi variance and rate of daily change , to make a quick decision on whether Zurn Elkay's historical returns will revert.
Auto-correlation | 0.77 |
Good predictability
Zurn Elkay Water has good predictability. Overlapping area represents the amount of predictability between Zurn Elkay time series from 26th of August 2024 to 10th of October 2024 and 10th of October 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 Zurn Elkay Water price movement. The serial correlation of 0.77 indicates that around 77.0% of current Zurn Elkay price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.77 | |
| Spearman Rank Test | 0.74 | |
| Residual Average | 0.0 | |
| Price Variance | 2.11 |
Zurn Elkay Water lagged returns against current returns
Autocorrelation, which is Zurn Elkay 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 Zurn Elkay's stock expected returns. We can calculate the autocorrelation of Zurn Elkay returns to help us make a trade decision. For example, suppose you find that Zurn Elkay 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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Zurn Elkay 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 Zurn Elkay stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Zurn Elkay stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Zurn Elkay stock over time.
Current vs Lagged Prices |
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Zurn Elkay Lagged Returns
When evaluating Zurn Elkay's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Zurn Elkay stock have on its future price. Zurn Elkay 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, Zurn Elkay autocorrelation shows the relationship between Zurn Elkay stock current value and its past values and can show if there is a momentum factor associated with investing in Zurn Elkay Water.
Regressed Prices |
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Thematic Opportunities
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Additional Tools for Zurn Stock Analysis
When running Zurn Elkay's price analysis, check to measure Zurn Elkay'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 Zurn Elkay is operating at the current time. Most of Zurn Elkay's value examination focuses on studying past and present price action to predict the probability of Zurn Elkay's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Zurn Elkay's price. Additionally, you may evaluate how the addition of Zurn Elkay to your portfolios can decrease your overall portfolio volatility.