Evi Industries Stock Market Value
| EVI Stock | USD 20.54 0.19 0.93% |
| Symbol | EVI |
EVI Industries Price To Book Ratio
Is EVI Industries' 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 EVI Industries. If investors know EVI 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 EVI Industries 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 (0.68) | Earnings Share 0.37 | Revenue Per Share 28.317 | Quarterly Revenue Growth (0.11) | Return On Assets 0.0303 |
The market value of EVI Industries is measured differently than its book value, which is the value of EVI that is recorded on the company's balance sheet. Investors also form their own opinion of EVI Industries' value that differs from its market value or its book value, called intrinsic value, which is EVI Industries' 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 EVI Industries' market value can be influenced by many factors that don't directly affect EVI Industries' 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 EVI Industries' value and its price as these two are different measures arrived at by different means. Investors typically determine if EVI Industries is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, EVI Industries' 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.
EVI Industries '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 EVI Industries' 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 EVI Industries.
| 03/16/2024 |
| 05/15/2024 |
If you would invest 0.00 in EVI Industries on March 16, 2024 and sell it all today you would earn a total of 0.00 from holding EVI Industries or generate 0.0% return on investment in EVI Industries over 60 days. EVI Industries is related to or competes with DXP Enterprises, Global Industrial, Core Main, Distribution Solutions, WESCO International, BlueLinx Holdings, and Applied Industrial. EVI Industries, Inc., through its subsidiaries, distributes, sells, rents, and leases commercial and industrial laundry ... More
EVI Industries 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 EVI Industries' 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 EVI Industries upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 16.45 | |||
| Value At Risk | (4.52) | |||
| Potential Upside | 7.09 |
EVI Industries Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for EVI Industries' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as EVI Industries' standard deviation. In reality, there are many statistical measures that can use EVI Industries historical prices to predict the future EVI Industries' volatility.| Risk Adjusted Performance | 0.0073 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.41) | |||
| Treynor Ratio | (0.1) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of EVI Industries' 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.
EVI Industries Backtested Returns
EVI Industries secures Sharpe Ratio (or Efficiency) of -0.0238, which denotes the company had a -0.0238% return per unit of return volatility over the last 3 months. EVI Industries exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm EVI Industries' mean deviation of 2.53, and Standard Deviation of 3.37 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.16, which means not very significant fluctuations relative to the market. As returns on the market increase, EVI Industries' returns are expected to increase less than the market. However, during the bear market, the loss of holding EVI Industries is expected to be smaller as well. EVI Industries has an expected return of -0.0733%. Please make sure to confirm EVI Industries maximum drawdown, as well as the relationship between the accumulation distribution and market facilitation index , to decide if EVI Industries performance from the past will be repeated at future time.
Auto-correlation | -0.29 |
Weak reverse predictability
EVI Industries has weak reverse predictability. Overlapping area represents the amount of predictability between EVI Industries time series from 16th of March 2024 to 15th of April 2024 and 15th of April 2024 to 15th of May 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 EVI Industries price movement. The serial correlation of -0.29 indicates that nearly 29.0% of current EVI Industries price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.29 | |
| Spearman Rank Test | -0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 0.63 |
EVI Industries lagged returns against current returns
Autocorrelation, which is EVI Industries 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 EVI Industries' stock expected returns. We can calculate the autocorrelation of EVI Industries returns to help us make a trade decision. For example, suppose you find that EVI Industries 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 |
EVI Industries 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 EVI Industries stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if EVI Industries stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in EVI Industries stock over time.
Current vs Lagged Prices |
| Timeline |
EVI Industries Lagged Returns
When evaluating EVI Industries' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of EVI Industries stock have on its future price. EVI Industries 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, EVI Industries autocorrelation shows the relationship between EVI Industries stock current value and its past values and can show if there is a momentum factor associated with investing in EVI Industries.
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 EVI Industries 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, EVI Industries' short interest history, or implied volatility extrapolated from EVI Industries options trading.
Pair Trading with EVI Industries
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 EVI Industries 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 EVI Industries will appreciate offsetting losses from the drop in the long position's value.Moving together with EVI Stock
| 0.64 | AIT | Applied Industrial Financial Report 8th of August 2024 | PairCorr |
The ability to find closely correlated positions to EVI Industries could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace EVI Industries 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 EVI Industries - 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 EVI Industries to buy it.
The correlation of EVI Industries 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 EVI Industries moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if EVI Industries 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 EVI Industries 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 EVI Industries Correlation, EVI Industries Volatility and EVI Industries Alpha and Beta module to complement your research on EVI Industries. For more detail on how to invest in EVI Stock please use our How to Invest in EVI Industries guide.You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.
Complementary Tools for EVI Stock analysis
When running EVI Industries' price analysis, check to measure EVI Industries' 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 EVI Industries is operating at the current time. Most of EVI Industries' value examination focuses on studying past and present price action to predict the probability of EVI Industries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move EVI Industries' price. Additionally, you may evaluate how the addition of EVI Industries to your portfolios can decrease your overall portfolio volatility.
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EVI Industries 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.