Evertec Stock Market Value
| EVTC Stock | USD 38.14 0.35 0.93% |
| Symbol | Evertec |
Evertec Price To Book Ratio
Is Evertec'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 Evertec. If investors know Evertec 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 Evertec 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 (0.61) | Dividend Share 0.2 | Earnings Share 1.21 | Revenue Per Share 10.699 | Quarterly Revenue Growth 0.203 |
The market value of Evertec is measured differently than its book value, which is the value of Evertec that is recorded on the company's balance sheet. Investors also form their own opinion of Evertec's value that differs from its market value or its book value, called intrinsic value, which is Evertec'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 Evertec's market value can be influenced by many factors that don't directly affect Evertec'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 Evertec's value and its price as these two are different measures arrived at by different means. Investors typically determine if Evertec is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Evertec'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.
Evertec '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 Evertec'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 Evertec.
| 01/24/2024 |
| 04/23/2024 |
If you would invest 0.00 in Evertec on January 24, 2024 and sell it all today you would earn a total of 0.00 from holding Evertec or generate 0.0% return on investment in Evertec over 90 days. Evertec is related to or competes with Appen, Appen, Direct Communication, Capgemini, Quisitive Technology, Atos SE, and Atos Origin. EVERTEC, Inc. engages in transaction processing business in Latin America and the Caribbean More
Evertec 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 Evertec'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 Evertec upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 13.69 | |||
| Value At Risk | (2.68) | |||
| Potential Upside | 2.3 |
Evertec Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Evertec's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Evertec's standard deviation. In reality, there are many statistical measures that can use Evertec historical prices to predict the future Evertec's volatility.| Risk Adjusted Performance | 0.0068 | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.26) | |||
| Treynor Ratio | (0.01) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Evertec'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.
Evertec Backtested Returns
Evertec secures Sharpe Ratio (or Efficiency) of -0.029, which denotes the company had a -0.029% return per unit of risk over the last 3 months. Evertec exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Evertec's Variance of 4.24, standard deviation of 2.06, and Mean Deviation of 1.36 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.68, which means 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, Evertec will likely underperform. Evertec has an expected return of -0.0603%. Please make sure to confirm Evertec potential upside, and the relationship between the jensen alpha and daily balance of power , to decide if Evertec performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.51 |
Modest predictability
Evertec has modest predictability. Overlapping area represents the amount of predictability between Evertec time series from 24th of January 2024 to 9th of March 2024 and 9th of March 2024 to 23rd 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 Evertec price movement. The serial correlation of 0.51 indicates that about 51.0% of current Evertec price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.51 | |
| Spearman Rank Test | 0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 0.54 |
Evertec lagged returns against current returns
Autocorrelation, which is Evertec 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 Evertec's stock expected returns. We can calculate the autocorrelation of Evertec returns to help us make a trade decision. For example, suppose you find that Evertec 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 |
Evertec 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 Evertec stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Evertec stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Evertec stock over time.
Current vs Lagged Prices |
| Timeline |
Evertec Lagged Returns
When evaluating Evertec's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Evertec stock have on its future price. Evertec 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, Evertec autocorrelation shows the relationship between Evertec stock current value and its past values and can show if there is a momentum factor associated with investing in Evertec.
Regressed Prices |
| Timeline |
Evertec Investors Sentiment
The influence of Evertec's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Evertec. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Evertec's public news can be used to forecast risks associated with an investment in Evertec. The trend in average sentiment can be used to explain how an investor holding Evertec can time the market purely based on public headlines and social activities around Evertec. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Evertec's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Evertec's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Evertec's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Evertec.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Evertec in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Evertec's short interest history, or implied volatility extrapolated from Evertec options trading.
Pair Trading with Evertec
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 Evertec 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 Evertec will appreciate offsetting losses from the drop in the long position's value.Moving against Evertec Stock
| 0.58 | SQ | Block Inc Financial Report 2nd of May 2024 | PairCorr |
| 0.53 | BOX | Box Inc Financial Report 4th of June 2024 | PairCorr |
| 0.47 | DTSS | Datasea | PairCorr |
| 0.42 | NN | Nextnav Acquisition Corp Tech Boost | PairCorr |
| 0.41 | GB | Global Blue Group | PairCorr |
The ability to find closely correlated positions to Evertec could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Evertec 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 Evertec - 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 Evertec to buy it.
The correlation of Evertec 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 Evertec moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Evertec 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 Evertec 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 Evertec Correlation, Evertec Volatility and Evertec Alpha and Beta module to complement your research on Evertec. For information on how to trade Evertec Stock refer to our How to Trade Evertec Stock guide.You can also try the Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
Complementary Tools for Evertec Stock analysis
When running Evertec's price analysis, check to measure Evertec'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 Evertec is operating at the current time. Most of Evertec's value examination focuses on studying past and present price action to predict the probability of Evertec's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Evertec's price. Additionally, you may evaluate how the addition of Evertec to your portfolios can decrease your overall portfolio volatility.
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Evertec 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.