Escalade Incorporated Stock Beta

ESCA Stock  USD 13.19  0.04  0.30%   
Escalade Incorporated fundamentals help investors to digest information that contributes to Escalade Incorporated's financial success or failures. It also enables traders to predict the movement of Escalade Stock. The fundamental analysis module provides a way to measure Escalade Incorporated's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Escalade Incorporated stock.
  
This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools.

Escalade Beta Analysis

Escalade Incorporated's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
 2021 2022 2023 2024 (projected)
Interest Expense1.5M3.8M5.6M5.9M
Depreciation And Amortization2.0M2.6M3.0M3.6M

Beta

 = 

Covariance

Variance

More About Beta | All Equity Analysis

Current Escalade Incorporated Beta

    
  1.24  
Most of Escalade Incorporated's fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Escalade Incorporated is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Escalade Beta Driver Correlations

Understanding the fundamental principles of building solid financial models for Escalade Incorporated is extremely important. It helps to project a fair market value of Escalade Stock properly, considering its historical fundamentals such as Beta. Since Escalade Incorporated's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Escalade Incorporated's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Escalade Incorporated's interrelated accounts and indicators.
0.650.950.910.950.710.340.030.960.990.00.80.64-0.40.950.410.260.910.840.010.580.510.920.330.880.820.85-0.87
0.650.630.480.610.880.57-0.110.620.670.150.570.72-0.520.520.41-0.090.360.66-0.130.230.470.480.230.690.530.56-0.38
0.950.630.741.00.750.30.320.820.93-0.120.840.64-0.470.940.480.050.830.78-0.10.630.640.850.330.730.680.75-0.76
0.910.480.740.740.490.29-0.30.980.90.150.630.44-0.210.830.240.50.910.760.120.440.210.880.250.880.870.84-0.89
0.950.611.00.740.740.30.310.820.93-0.160.850.65-0.440.940.50.070.840.79-0.080.650.650.860.350.730.690.76-0.76
0.710.880.750.490.740.520.170.620.73-0.10.830.73-0.30.630.590.020.50.84-0.120.450.640.590.360.660.680.74-0.35
0.340.570.30.290.30.52-0.230.340.320.370.350.17-0.350.170.43-0.260.080.41-0.61-0.080.080.21-0.030.330.330.29-0.11
0.03-0.110.32-0.30.310.17-0.23-0.230.01-0.340.290.03-0.150.150.25-0.430.020.06-0.180.270.440.020.13-0.32-0.16-0.050.12
0.960.620.820.980.820.620.34-0.230.960.110.690.58-0.30.880.310.430.910.820.10.490.360.90.30.930.870.87-0.89
0.990.670.930.90.930.730.320.010.96-0.030.770.71-0.350.940.370.320.920.860.060.610.560.940.350.910.840.88-0.88
0.00.15-0.120.15-0.16-0.10.37-0.340.11-0.03-0.22-0.39-0.41-0.16-0.05-0.24-0.21-0.12-0.39-0.42-0.49-0.2-0.05-0.01-0.05-0.14-0.04
0.80.570.840.630.850.830.350.290.690.77-0.220.51-0.220.80.650.150.70.85-0.110.50.540.70.370.590.780.8-0.47
0.640.720.640.440.650.730.170.030.580.71-0.390.51-0.170.650.270.280.560.630.240.590.830.640.390.780.540.65-0.52
-0.4-0.52-0.47-0.21-0.44-0.3-0.35-0.15-0.3-0.35-0.41-0.22-0.17-0.33-0.170.56-0.1-0.10.430.11-0.12-0.170.06-0.190.030.00.2
0.950.520.940.830.940.630.170.150.880.94-0.160.80.65-0.330.40.310.920.790.10.660.580.910.410.820.780.83-0.85
0.410.410.480.240.50.590.430.250.310.37-0.050.650.27-0.170.4-0.180.250.49-0.110.290.270.310.450.260.340.36-0.13
0.26-0.090.050.50.070.02-0.26-0.430.430.32-0.240.150.280.560.31-0.180.520.360.540.340.120.410.240.520.60.57-0.4
0.910.360.830.910.840.50.080.020.910.92-0.210.70.56-0.10.920.250.520.80.250.650.460.970.310.830.840.87-0.9
0.840.660.780.760.790.840.410.060.820.86-0.120.850.63-0.10.790.490.360.80.10.570.50.860.450.790.940.96-0.61
0.01-0.13-0.10.12-0.08-0.12-0.61-0.180.10.06-0.39-0.110.240.430.1-0.110.540.250.10.380.090.220.350.180.140.17-0.19
0.580.230.630.440.650.45-0.080.270.490.61-0.420.50.590.110.660.290.340.650.570.380.650.660.70.540.50.58-0.55
0.510.470.640.210.650.640.080.440.360.56-0.490.540.83-0.120.580.270.120.460.50.090.650.480.370.480.360.49-0.37
0.920.480.850.880.860.590.210.020.90.94-0.20.70.64-0.170.910.310.410.970.860.220.660.480.350.850.850.89-0.87
0.330.230.330.250.350.36-0.030.130.30.35-0.050.370.390.060.410.450.240.310.450.350.70.370.350.370.40.45-0.26
0.880.690.730.880.730.660.33-0.320.930.91-0.010.590.78-0.190.820.260.520.830.790.180.540.480.850.370.850.87-0.82
0.820.530.680.870.690.680.33-0.160.870.84-0.050.780.540.030.780.340.60.840.940.140.50.360.850.40.850.99-0.69
0.850.560.750.840.760.740.29-0.050.870.88-0.140.80.650.00.830.360.570.870.960.170.580.490.890.450.870.99-0.7
-0.87-0.38-0.76-0.89-0.76-0.35-0.110.12-0.89-0.88-0.04-0.47-0.520.2-0.85-0.13-0.4-0.9-0.61-0.19-0.55-0.37-0.87-0.26-0.82-0.69-0.7
Click cells to compare fundamentals
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
Competition

In accordance with the recently published financial statements, Escalade Incorporated has a Beta of 1.238. This is 47.38% higher than that of the Leisure Products sector and 31.7% higher than that of the Consumer Discretionary industry. The beta for all United States stocks is notably lower than that of the firm.

Escalade Beta Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Escalade Incorporated's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Escalade Incorporated could also be used in its relative valuation, which is a method of valuing Escalade Incorporated by comparing valuation metrics of similar companies.
Escalade Incorporated is currently under evaluation in beta category among related companies.

Escalade Incorporated Institutional Holders

Institutional Holdings refers to the ownership stake in Escalade Incorporated that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Escalade Incorporated's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Escalade Incorporated's value.
Shares
Peoples Bank National Association2023-12-31
70.6 K
Northstar Group Inc2023-12-31
66.5 K
Bridgeway Capital Management, Llc2023-12-31
38.2 K
O'shaughnessy Asset Management Llc2023-12-31
35 K
Royal Bank Of Canada2023-12-31
30.3 K
Lpl Financial Corp2023-12-31
27.8 K
Charles Schwab Investment Management Inc2023-12-31
26.6 K
Amvescap Plc.2023-12-31
25.4 K
Eam Investors, Llc2023-12-31
25.2 K
Thoroughbred Financial Services, Llc2023-12-31
1.1 M
Minerva Advisors Llc2023-12-31
537.8 K
As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Escalade Incorporated will likely underperform.

Escalade Fundamentals

About Escalade Incorporated Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Escalade Incorporated's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Escalade Incorporated using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Escalade Incorporated based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Escalade, Incorporated, together with its subsidiaries, manufactures, distributes, imports, and sells sporting goods in North America, Europe, and internationally. Escalade, Incorporated was founded in 1922 and is headquartered in Evansville, Indiana. Escalade operates under Leisure classification in the United States and is traded on NASDAQ Exchange. It employs 670 people.
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 Escalade Incorporated 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, Escalade Incorporated's short interest history, or implied volatility extrapolated from Escalade Incorporated options trading.

Pair Trading with Escalade Incorporated

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 Escalade Incorporated 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 Escalade Incorporated will appreciate offsetting losses from the drop in the long position's value.

Moving against Escalade Stock

  0.73MYTE MYT Netherlands Parent Downward RallyPairCorr
  0.5HAS Hasbro Inc Financial Report 25th of April 2024 PairCorr
  0.48UHG United Homes Group Symbol ChangePairCorr
The ability to find closely correlated positions to Escalade Incorporated could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Escalade Incorporated 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 Escalade Incorporated - 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 Escalade Incorporated to buy it.
The correlation of Escalade Incorporated 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 Escalade Incorporated moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Escalade Incorporated 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 Escalade Incorporated 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.
Pair CorrelationCorrelation Matching
When determining whether Escalade Incorporated offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Escalade Incorporated's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Escalade Incorporated Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Escalade Incorporated Stock:
Check out Escalade Incorporated Piotroski F Score and Escalade Incorporated Altman Z Score analysis.
For information on how to trade Escalade Stock refer to our How to Trade Escalade Stock guide.
Note that the Escalade Incorporated information on this page should be used as a complementary analysis to other Escalade Incorporated's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.

Complementary Tools for Escalade Stock analysis

When running Escalade Incorporated's price analysis, check to measure Escalade Incorporated'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 Escalade Incorporated is operating at the current time. Most of Escalade Incorporated's value examination focuses on studying past and present price action to predict the probability of Escalade Incorporated's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Escalade Incorporated's price. Additionally, you may evaluate how the addition of Escalade Incorporated to your portfolios can decrease your overall portfolio volatility.
Fundamentals Comparison
Compare fundamentals across multiple equities to find investing opportunities
Portfolio Analyzer
Portfolio analysis module that provides access to portfolio diagnostics and optimization engine
Sign In To Macroaxis
Sign in to explore Macroaxis' wealth optimization platform and fintech modules
Transaction History
View history of all your transactions and understand their impact on performance
Top Crypto Exchanges
Search and analyze digital assets across top global cryptocurrency exchanges
Earnings Calls
Check upcoming earnings announcements updated hourly across public exchanges
Economic Indicators
Top statistical indicators that provide insights into how an economy is performing
Companies Directory
Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals
Is Escalade Incorporated'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 Escalade Incorporated. If investors know Escalade 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 Escalade Incorporated 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
0.424
Dividend Share
0.6
Earnings Share
0.69
Revenue Per Share
19.754
Quarterly Revenue Growth
(0.02)
The market value of Escalade Incorporated is measured differently than its book value, which is the value of Escalade that is recorded on the company's balance sheet. Investors also form their own opinion of Escalade Incorporated's value that differs from its market value or its book value, called intrinsic value, which is Escalade Incorporated'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 Escalade Incorporated's market value can be influenced by many factors that don't directly affect Escalade Incorporated'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 Escalade Incorporated's value and its price as these two are different measures arrived at by different means. Investors typically determine if Escalade Incorporated is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Escalade Incorporated'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.