Envela Corp Stock Technical Analysis
| ELA Stock | USD 4.30 0.05 1.15% |
As of the 16th of April 2024, Envela Corp shows the Mean Deviation of 1.88, variance of 5.96, and Standard Deviation of 2.44. Envela Corp technical analysis allows you to utilize historical prices and volume patterns in order to determine a pattern that computes the direction of the firm's future prices. Put another way, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We were able to break down and interpolate thirteen technical drivers for Envela Corp, which can be compared to its peers. Please confirm Envela Corp information ratio, potential upside, and the relationship between the standard deviation and maximum drawdown to decide if Envela Corp is priced favorably, providing market reflects its regular price of 4.3 per share. Given that Envela Corp has information ratio of (0.06), we urge you to verify Envela Corp's prevailing market performance to make sure the company can sustain itself at a future point.
Envela Corp Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Envela, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to EnvelaEnvela |
Envela Corp Analyst Consensus
| Target Price | Advice | # of Analysts | |
| 11.5 | Strong Buy | 2 | Odds |
Most Envela analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Envela stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Envela Corp, talking to its executives and customers, or listening to Envela conference calls.
Envela Corp 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.
Envela Corp Technical Analysis
The output start index for this execution was one with a total number of output elements of sixty. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Envela Corp volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Envela Corp Trend Analysis
Use this graph to draw trend lines for Envela Corp. You can use it to identify possible trend reversals for Envela Corp as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Envela Corp price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Envela Corp Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Envela Corp applied against its price change over selected period. The best fit line has a slop of 0.0007 , which may imply that Envela Corp will maintain its good market sentiment and make money for investors. It has 122 observation points and a regression sum of squares at 0.02, which is the sum of squared deviations for the predicted Envela Corp price change compared to its average price change.About Envela Corp Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Envela Corp on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Envela Corp based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Envela Corp price pattern first instead of the macroeconomic environment surrounding Envela Corp. By analyzing Envela Corp's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Envela Corp's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Envela Corp specific price patterns or momentum indicators. Please read more on our technical analysis page.
| 2021 | 2022 | 2023 | 2024 (projected) | Days Sales Outstanding | 18.56 | 17.04 | 16.61 | 17.44 | PTB Ratio | 3.97 | 3.27 | 2.7 | 2.56 |
Envela Corp April 16, 2024 Technical Indicators
Most technical analysis of Envela help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Envela from various momentum indicators to cycle indicators. When you analyze Envela charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
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| Volume Indicators |
| Risk Adjusted Performance | (0.01) | |||
| Market Risk Adjusted Performance | (0.04) | |||
| Mean Deviation | 1.88 | |||
| Coefficient Of Variation | (2,845) | |||
| Standard Deviation | 2.44 | |||
| Variance | 5.96 | |||
| Information Ratio | (0.06) | |||
| Jensen Alpha | (0.20) | |||
| Total Risk Alpha | (0.30) | |||
| Treynor Ratio | (0.05) | |||
| Maximum Drawdown | 11.18 | |||
| Value At Risk | (3.97) | |||
| Potential Upside | 4.3 | |||
| Skewness | (0.11) | |||
| Kurtosis | 0.2091 |
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Envela Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. For information on how to trade Envela Stock refer to our How to Trade Envela Stock guide.You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
Complementary Tools for Envela Stock analysis
When running Envela Corp's price analysis, check to measure Envela Corp'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 Envela Corp is operating at the current time. Most of Envela Corp's value examination focuses on studying past and present price action to predict the probability of Envela Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Envela Corp's price. Additionally, you may evaluate how the addition of Envela Corp to your portfolios can decrease your overall portfolio volatility.
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| Equity Forecasting Use basic forecasting models to generate price predictions and determine price momentum |
Is Envela Corp'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 Envela Corp. If investors know Envela 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 Envela Corp 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 (0.78) | Earnings Share 0.27 | Revenue Per Share 6.4 | Quarterly Revenue Growth (0.23) | Return On Assets 0.0756 |
The market value of Envela Corp is measured differently than its book value, which is the value of Envela that is recorded on the company's balance sheet. Investors also form their own opinion of Envela Corp's value that differs from its market value or its book value, called intrinsic value, which is Envela Corp'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 Envela Corp's market value can be influenced by many factors that don't directly affect Envela Corp'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 Envela Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Envela Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Envela Corp'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.