Evolv Technologies Holdings Stock Market Value
| EVLV Stock | USD 4.19 0.31 7.99% |
| Symbol | Evolv |
Evolv Technologies Price To Book Ratio
Is Evolv Technologies' 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 Evolv Technologies. If investors know Evolv 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 Evolv Technologies listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.71) | Revenue Per Share 0.539 | Quarterly Revenue Growth 0.045 | Return On Assets (0.17) | Return On Equity (0.57) |
The market value of Evolv Technologies is measured differently than its book value, which is the value of Evolv that is recorded on the company's balance sheet. Investors also form their own opinion of Evolv Technologies' value that differs from its market value or its book value, called intrinsic value, which is Evolv Technologies' 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 Evolv Technologies' market value can be influenced by many factors that don't directly affect Evolv Technologies' 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 Evolv Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if Evolv Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Evolv Technologies' 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.
Evolv Technologies '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 Evolv Technologies' 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 Evolv Technologies.
| 01/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in Evolv Technologies on January 26, 2024 and sell it all today you would earn a total of 0.00 from holding Evolv Technologies Holdings or generate 0.0% return on investment in Evolv Technologies over 90 days. Evolv Technologies is related to or competes with OSI Systems, and LSI Industries. Evolv Technologies Holdings, Inc. provides artificial intelligence -based touchless security screening systems More
Evolv Technologies 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 Evolv Technologies' 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 Evolv Technologies Holdings upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.24 | |||
| Information Ratio | (0.000086) | |||
| Maximum Drawdown | 29.5 | |||
| Value At Risk | (6.91) | |||
| Potential Upside | 10.46 |
Evolv Technologies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Evolv Technologies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Evolv Technologies' standard deviation. In reality, there are many statistical measures that can use Evolv Technologies historical prices to predict the future Evolv Technologies' volatility.| Risk Adjusted Performance | 0.0184 | |||
| Jensen Alpha | 0.1949 | |||
| Total Risk Alpha | (0.64) | |||
| Sortino Ratio | (0.000095) | |||
| Treynor Ratio | (0.05) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Evolv Technologies' 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.
Evolv Technologies Backtested Returns
Evolv Technologies secures Sharpe Ratio (or Efficiency) of -0.0024, which denotes the company had a -0.0024% return per unit of risk over the last 3 months. Evolv Technologies Holdings exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Evolv Technologies' Downside Deviation of 5.24, mean deviation of 3.82, and Coefficient Of Variation of 6602.93 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -1.51, which means a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Evolv Technologies are expected to decrease by larger amounts. On the other hand, during market turmoil, Evolv Technologies is expected to outperform it. Evolv Technologies has an expected return of -0.0142%. Please make sure to confirm Evolv Technologies maximum drawdown, as well as the relationship between the skewness and day typical price , to decide if Evolv Technologies performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.09 |
Virtually no predictability
Evolv Technologies Holdings has virtually no predictability. Overlapping area represents the amount of predictability between Evolv Technologies time series from 26th of January 2024 to 11th of March 2024 and 11th of March 2024 to 25th 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 Evolv Technologies price movement. The serial correlation of 0.09 indicates that less than 9.0% of current Evolv Technologies price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.09 | |
| Spearman Rank Test | -0.61 | |
| Residual Average | 0.0 | |
| Price Variance | 0.26 |
Evolv Technologies lagged returns against current returns
Autocorrelation, which is Evolv Technologies 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 Evolv Technologies' stock expected returns. We can calculate the autocorrelation of Evolv Technologies returns to help us make a trade decision. For example, suppose you find that Evolv Technologies 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 |
Evolv Technologies 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 Evolv Technologies stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Evolv Technologies stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Evolv Technologies stock over time.
Current vs Lagged Prices |
| Timeline |
Evolv Technologies Lagged Returns
When evaluating Evolv Technologies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Evolv Technologies stock have on its future price. Evolv Technologies 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, Evolv Technologies autocorrelation shows the relationship between Evolv Technologies stock current value and its past values and can show if there is a momentum factor associated with investing in Evolv Technologies Holdings.
Regressed Prices |
| Timeline |
Pair Trading with Evolv Technologies
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 Evolv Technologies 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 Evolv Technologies will appreciate offsetting losses from the drop in the long position's value.Moving against Evolv Stock
| 0.48 | OCC | Optical Cable | PairCorr |
| 0.43 | ITRN | Ituran Location | PairCorr |
The ability to find closely correlated positions to Evolv Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Evolv Technologies 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 Evolv Technologies - 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 Evolv Technologies Holdings to buy it.
The correlation of Evolv Technologies 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 Evolv Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Evolv Technologies 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 Evolv Technologies 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 Evolv Technologies Correlation, Evolv Technologies Volatility and Evolv Technologies Alpha and Beta module to complement your research on Evolv Technologies. You can also try the Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.
Complementary Tools for Evolv Stock analysis
When running Evolv Technologies' price analysis, check to measure Evolv Technologies' 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 Evolv Technologies is operating at the current time. Most of Evolv Technologies' value examination focuses on studying past and present price action to predict the probability of Evolv Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Evolv Technologies' price. Additionally, you may evaluate how the addition of Evolv Technologies to your portfolios can decrease your overall portfolio volatility.
| Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated | |
| Risk-Return Analysis View associations between returns expected from investment and the risk you assume | |
| Commodity Channel Use Commodity Channel Index to analyze current equity momentum | |
| Stock Screener Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook. | |
| Portfolio Suggestion Get suggestions outside of your existing asset allocation including your own model portfolios |
Evolv Technologies 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.