Escalade Incorporated Stock Market Value
| ESCA Stock | USD 13.67 0.33 2.36% |
| Symbol | Escalade |
Escalade Incorporated Price To Book Ratio
Is Escalade Incorporated's industry 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 Escalade Incorporated. If investors know Escalade 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 Escalade Incorporated 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 0.072 | Dividend Share 0.6 | Earnings Share 0.71 | Revenue Per Share 19.219 | Quarterly Revenue Growth (0.09) |
The market value of Escalade Incorporated is measured differently than its book value, which is the value of Escalade that is recorded on the company's balance sheet. Investors also form their own opinion of Escalade Incorporated's value that differs from its market value or its book value, called intrinsic value, which is Escalade Incorporated'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 Escalade Incorporated's market value can be influenced by many factors that don't directly affect Escalade Incorporated'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 Escalade Incorporated's value and its price as these two are different measures arrived at by different means. Investors typically determine if Escalade Incorporated is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Escalade Incorporated'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.
Escalade Incorporated '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 Escalade Incorporated'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 Escalade Incorporated.
| 03/27/2024 |
| 04/26/2024 |
If you would invest 0.00 in Escalade Incorporated on March 27, 2024 and sell it all today you would earn a total of 0.00 from holding Escalade Incorporated or generate 0.0% return on investment in Escalade Incorporated over 30 days. Escalade Incorporated is related to or competes with Foghorn TherapeuticsInc, Waldencast Acquisition, LG Display, Tilray, Koss, and Vanguard Small-cap. Escalade, Incorporated, together with its subsidiaries, manufactures, distributes, imports, and sells sporting goods in ... More
Escalade Incorporated 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 Escalade Incorporated'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 Escalade Incorporated upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 19.06 | |||
| Value At Risk | (4.67) | |||
| Potential Upside | 4.29 |
Escalade Incorporated Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Escalade Incorporated's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Escalade Incorporated's standard deviation. In reality, there are many statistical measures that can use Escalade Incorporated historical prices to predict the future Escalade Incorporated's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.37) | |||
| Total Risk Alpha | (0.86) | |||
| Treynor Ratio | 0.5097 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Escalade Incorporated'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.
Escalade Incorporated Backtested Returns
Escalade Incorporated secures Sharpe Ratio (or Efficiency) of -0.0884, which denotes the company had a -0.0884% return per unit of standard deviation over the last 3 months. Escalade Incorporated exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Escalade Incorporated's Mean Deviation of 2.29, coefficient of variation of (758.09), and Standard Deviation of 3.27 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.87, which means possible diversification benefits within a given portfolio. As the market becomes more bullish, returns on owning Escalade Incorporated are expected to decrease slowly. On the other hand, during market turmoil, Escalade Incorporated is expected to outperform it slightly. Escalade Incorporated has an expected return of -0.29%. Please make sure to confirm Escalade Incorporated coefficient of variation, treynor ratio, skewness, as well as the relationship between the jensen alpha and value at risk , to decide if Escalade Incorporated performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.71 |
Almost perfect reverse predictability
Escalade Incorporated has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Escalade Incorporated time series from 27th of March 2024 to 11th of April 2024 and 11th of April 2024 to 26th of April 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 Escalade Incorporated price movement. The serial correlation of -0.71 indicates that around 71.0% of current Escalade Incorporated price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.71 | |
| Spearman Rank Test | -0.44 | |
| Residual Average | 0.0 | |
| Price Variance | 0.25 |
Escalade Incorporated lagged returns against current returns
Autocorrelation, which is Escalade Incorporated 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 Escalade Incorporated's stock expected returns. We can calculate the autocorrelation of Escalade Incorporated returns to help us make a trade decision. For example, suppose you find that Escalade Incorporated 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 |
Escalade Incorporated 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 Escalade Incorporated stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Escalade Incorporated stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Escalade Incorporated stock over time.
Current vs Lagged Prices |
| Timeline |
Escalade Incorporated Lagged Returns
When evaluating Escalade Incorporated's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Escalade Incorporated stock have on its future price. Escalade Incorporated 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, Escalade Incorporated autocorrelation shows the relationship between Escalade Incorporated stock current value and its past values and can show if there is a momentum factor associated with investing in Escalade Incorporated.
Regressed Prices |
| Timeline |
Pair Trading with Escalade Incorporated
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 Escalade Incorporated 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 Escalade Incorporated will appreciate offsetting losses from the drop in the long position's value.Moving against Escalade Stock
| 0.9 | IBP | Installed Building Financial Report 2nd of May 2024 | PairCorr |
| 0.85 | VZIO | Vizio Holding Corp Financial Report 14th of May 2024 | PairCorr |
| 0.84 | DOGZ | Dogness International | PairCorr |
| 0.84 | VSTO | Vista Outdoor Financial Report 1st of May 2024 | PairCorr |
| 0.83 | OXM | Oxford Industries Financial Report 5th of June 2024 | PairCorr |
The ability to find closely correlated positions to Escalade Incorporated could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Escalade Incorporated 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 Escalade Incorporated - 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 Escalade Incorporated to buy it.
The correlation of Escalade Incorporated 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 Escalade Incorporated moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Escalade Incorporated 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 Escalade Incorporated 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 Escalade Incorporated Correlation, Escalade Incorporated Volatility and Escalade Incorporated Alpha and Beta module to complement your research on Escalade Incorporated. For information on how to trade Escalade Stock refer to our How to Trade Escalade Stock guide.Note that the Escalade Incorporated information on this page should be used as a complementary analysis to other Escalade Incorporated's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.
Complementary Tools for Escalade Stock analysis
When running Escalade Incorporated's price analysis, check to measure Escalade Incorporated'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 Escalade Incorporated is operating at the current time. Most of Escalade Incorporated's value examination focuses on studying past and present price action to predict the probability of Escalade Incorporated's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Escalade Incorporated's price. Additionally, you may evaluate how the addition of Escalade Incorporated to your portfolios can decrease your overall portfolio volatility.
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Escalade Incorporated 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.