Emeren Group Stock Market Value
| SOL Stock | USD 1.59 0.11 6.47% |
| Symbol | Emeren |
Emeren Group Price To Book Ratio
Is Emeren'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 Emeren. If investors know Emeren 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 Emeren 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 3.42 | Earnings Share 0.1 | Revenue Per Share 1.852 | Quarterly Revenue Growth 1.128 | Return On Assets (0.01) |
The market value of Emeren Group is measured differently than its book value, which is the value of Emeren that is recorded on the company's balance sheet. Investors also form their own opinion of Emeren's value that differs from its market value or its book value, called intrinsic value, which is Emeren'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 Emeren's market value can be influenced by many factors that don't directly affect Emeren'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 Emeren's value and its price as these two are different measures arrived at by different means. Investors typically determine if Emeren is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Emeren'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.
Emeren '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 Emeren'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 Emeren.
| 03/24/2024 |
| 04/23/2024 |
If you would invest 0.00 in Emeren on March 24, 2024 and sell it all today you would earn a total of 0.00 from holding Emeren Group or generate 0.0% return on investment in Emeren over 30 days. Emeren is related to or competes with Steel Partners, Compass Diversified, Matthews International, Tejon Ranch, Steel Partners, Griffon, and Compass Diversified. ReneSola Ltd, through its subsidiaries, develops, builds, operates, and sells solar power projects in the United States,... More
Emeren 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 Emeren'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 Emeren Group upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 38.19 | |||
| Value At Risk | (7.46) | |||
| Potential Upside | 7.92 |
Emeren Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Emeren's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Emeren's standard deviation. In reality, there are many statistical measures that can use Emeren historical prices to predict the future Emeren's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.27) | |||
| Total Risk Alpha | (0.84) | |||
| Treynor Ratio | (0.09) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Emeren'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.
Emeren Group Backtested Returns
Emeren Group secures Sharpe Ratio (or Efficiency) of -0.0282, which denotes the company had a -0.0282% return per unit of risk over the last 3 months. Emeren Group exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Emeren's Standard Deviation of 5.67, variance of 32.1, and Mean Deviation of 3.97 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.59, 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, Emeren will likely underperform. Emeren Group has an expected return of -0.16%. Please make sure to confirm Emeren Group treynor ratio, as well as the relationship between the accumulation distribution and price action indicator , to decide if Emeren Group performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.51 |
Good reverse predictability
Emeren Group has good reverse predictability. Overlapping area represents the amount of predictability between Emeren time series from 24th of March 2024 to 8th of April 2024 and 8th of April 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 Emeren Group price movement. The serial correlation of -0.51 indicates that about 51.0% of current Emeren price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.51 | |
| Spearman Rank Test | -0.78 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Emeren Group lagged returns against current returns
Autocorrelation, which is Emeren 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 Emeren's stock expected returns. We can calculate the autocorrelation of Emeren returns to help us make a trade decision. For example, suppose you find that Emeren 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 |
Emeren 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 Emeren stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Emeren stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Emeren stock over time.
Current vs Lagged Prices |
| Timeline |
Emeren Lagged Returns
When evaluating Emeren's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Emeren stock have on its future price. Emeren 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, Emeren autocorrelation shows the relationship between Emeren stock current value and its past values and can show if there is a momentum factor associated with investing in Emeren Group.
Regressed Prices |
| Timeline |
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 Emeren 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, Emeren's short interest history, or implied volatility extrapolated from Emeren options trading.
Currently Active Assets on Macroaxis
When determining whether Emeren Group is a strong investment it is important to analyze Emeren's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Emeren's future performance. For an informed investment choice regarding Emeren Stock, refer to the following important reports:Check out Emeren Correlation, Emeren Volatility and Emeren Alpha and Beta module to complement your research on Emeren. You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Complementary Tools for Emeren Stock analysis
When running Emeren's price analysis, check to measure Emeren'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 Emeren is operating at the current time. Most of Emeren's value examination focuses on studying past and present price action to predict the probability of Emeren's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Emeren's price. Additionally, you may evaluate how the addition of Emeren to your portfolios can decrease your overall portfolio volatility.
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Emeren 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.