Euronav Nv Stock Market Value
| EURN Stock | USD 16.42 0.14 0.85% |
| Symbol | Euronav |
Euronav NV Price To Book Ratio
Is Euronav NV'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 Euronav NV. If investors know Euronav 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 Euronav NV 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 0.724 | Dividend Share 2.07 | Earnings Share 4.25 | Revenue Per Share 6.117 | Quarterly Revenue Growth (0.27) |
The market value of Euronav NV is measured differently than its book value, which is the value of Euronav that is recorded on the company's balance sheet. Investors also form their own opinion of Euronav NV's value that differs from its market value or its book value, called intrinsic value, which is Euronav NV'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 Euronav NV's market value can be influenced by many factors that don't directly affect Euronav NV'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 Euronav NV's value and its price as these two are different measures arrived at by different means. Investors typically determine if Euronav NV is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Euronav NV'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.
Euronav NV '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 Euronav NV'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 Euronav NV.
| 03/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in Euronav NV on March 25, 2024 and sell it all today you would earn a total of 0.00 from holding Euronav NV or generate 0.0% return on investment in Euronav NV over 30 days. Euronav NV is related to or competes with ONEOK, Enterprise Products, Energy Transfer, Kinder Morgan, Western Midstream, Hess Midstream, and Antero Midstream. Euronav NV, together with its subsidiaries, engages in the transportation and storage of crude oil worldwide More
Euronav NV 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 Euronav NV'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 Euronav NV upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 11.42 | |||
| Value At Risk | (2.30) | |||
| Potential Upside | 1.57 |
Euronav NV Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Euronav NV's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Euronav NV's standard deviation. In reality, there are many statistical measures that can use Euronav NV historical prices to predict the future Euronav NV's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.34) | |||
| Treynor Ratio | (0.26) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Euronav NV'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.
Euronav NV Backtested Returns
Euronav NV secures Sharpe Ratio (or Efficiency) of -0.0494, which denotes the company had a -0.0494% return per unit of risk over the last 3 months. Euronav NV exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Euronav NV's Mean Deviation of 0.8297, variance of 3.55, and Standard Deviation of 1.88 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.33, which means possible diversification benefits within a given portfolio. As returns on the market increase, Euronav NV's returns are expected to increase less than the market. However, during the bear market, the loss of holding Euronav NV is expected to be smaller as well. Euronav NV has an expected return of -0.0953%. Please make sure to confirm Euronav NV skewness, as well as the relationship between the day median price and relative strength index , to decide if Euronav NV performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.38 |
Poor reverse predictability
Euronav NV has poor reverse predictability. Overlapping area represents the amount of predictability between Euronav NV time series from 25th of March 2024 to 9th of April 2024 and 9th of April 2024 to 24th 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 Euronav NV price movement. The serial correlation of -0.38 indicates that just about 38.0% of current Euronav NV price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.38 | |
| Spearman Rank Test | 0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Euronav NV lagged returns against current returns
Autocorrelation, which is Euronav NV 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 Euronav NV's stock expected returns. We can calculate the autocorrelation of Euronav NV returns to help us make a trade decision. For example, suppose you find that Euronav NV 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 |
Euronav NV 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 Euronav NV stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Euronav NV stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Euronav NV stock over time.
Current vs Lagged Prices |
| Timeline |
Euronav NV Lagged Returns
When evaluating Euronav NV's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Euronav NV stock have on its future price. Euronav NV 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, Euronav NV autocorrelation shows the relationship between Euronav NV stock current value and its past values and can show if there is a momentum factor associated with investing in Euronav NV.
Regressed Prices |
| Timeline |
Pair Trading with Euronav NV
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 Euronav NV 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 Euronav NV will appreciate offsetting losses from the drop in the long position's value.Moving against Euronav Stock
| 0.77 | IMPPP | Imperial Petroleum | PairCorr |
| 0.72 | ET | Energy Transfer LP Aggressive Push | PairCorr |
| 0.7 | ENLC | EnLink Midstream LLC Earnings Call This Week | PairCorr |
| 0.68 | ETRN | Equitrans Midstream Corp Earnings Call This Week | PairCorr |
| 0.68 | DTM | DT Midstream Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to Euronav NV could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Euronav NV 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 Euronav NV - 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 Euronav NV to buy it.
The correlation of Euronav NV 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 Euronav NV moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Euronav NV 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 Euronav NV 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 Euronav NV Correlation, Euronav NV Volatility and Euronav NV Alpha and Beta module to complement your research on Euronav NV. To learn how to invest in Euronav Stock, please use our How to Invest in Euronav NV guide.You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
Complementary Tools for Euronav Stock analysis
When running Euronav NV's price analysis, check to measure Euronav NV'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 Euronav NV is operating at the current time. Most of Euronav NV's value examination focuses on studying past and present price action to predict the probability of Euronav NV's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Euronav NV's price. Additionally, you may evaluate how the addition of Euronav NV to your portfolios can decrease your overall portfolio volatility.
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Euronav NV 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.