Ayro Inc Stock Market Value
| AYRO Stock | USD 1.40 0.04 2.94% |
| Symbol | AYRO |
AYRO Inc Price To Book Ratio
Is AYRO'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 AYRO. If investors know AYRO 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 AYRO listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (8.19) | Revenue Per Share 0.105 | Quarterly Revenue Growth (0.74) | Return On Assets (0.33) | Return On Equity (0.88) |
The market value of AYRO Inc is measured differently than its book value, which is the value of AYRO that is recorded on the company's balance sheet. Investors also form their own opinion of AYRO's value that differs from its market value or its book value, called intrinsic value, which is AYRO'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 AYRO's market value can be influenced by many factors that don't directly affect AYRO'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 AYRO's value and its price as these two are different measures arrived at by different means. Investors typically determine if AYRO is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, AYRO'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.
AYRO '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 AYRO'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 AYRO.
| 02/28/2023 |
| 04/23/2024 |
If you would invest 0.00 in AYRO on February 28, 2023 and sell it all today you would earn a total of 0.00 from holding AYRO Inc or generate 0.0% return on investment in AYRO over 420 days. AYRO is related to or competes with Douglas Dynamics, and Monro Muffler. Ayro, Inc. designs and manufactures electric vehicles for closed campus mobility, urban and community transport, local o... More
AYRO 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 AYRO'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 AYRO Inc upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 13.04 | |||
| Value At Risk | (4.44) | |||
| Potential Upside | 3.55 |
AYRO Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for AYRO's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as AYRO's standard deviation. In reality, there are many statistical measures that can use AYRO historical prices to predict the future AYRO's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.28) | |||
| Total Risk Alpha | (0.59) | |||
| Treynor Ratio | (1.37) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of AYRO'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.
AYRO Inc Backtested Returns
AYRO Inc secures Sharpe Ratio (or Efficiency) of -0.0649, which signifies that the company had a -0.0649% return per unit of risk over the last 3 months. AYRO Inc exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm AYRO's mean deviation of 2.02, and Risk Adjusted Performance of (0.05) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.19, which signifies not very significant fluctuations relative to the market. As returns on the market increase, AYRO's returns are expected to increase less than the market. However, during the bear market, the loss of holding AYRO is expected to be smaller as well. AYRO Inc has an expected return of -0.17%. Please make sure to confirm AYRO Inc jensen alpha, skewness, as well as the relationship between the Skewness and day median price , to decide if AYRO Inc performance from the past will be repeated at future time.
Auto-correlation | 0.10 |
Insignificant predictability
AYRO Inc has insignificant predictability. Overlapping area represents the amount of predictability between AYRO time series from 28th of February 2023 to 26th of September 2023 and 26th of September 2023 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 AYRO Inc price movement. The serial correlation of 0.1 indicates that less than 10.0% of current AYRO price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.1 | |
| Spearman Rank Test | -0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
AYRO Inc lagged returns against current returns
Autocorrelation, which is AYRO 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 AYRO's stock expected returns. We can calculate the autocorrelation of AYRO returns to help us make a trade decision. For example, suppose you find that AYRO 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 |
AYRO 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 AYRO stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if AYRO stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in AYRO stock over time.
Current vs Lagged Prices |
| Timeline |
AYRO Lagged Returns
When evaluating AYRO's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of AYRO stock have on its future price. AYRO 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, AYRO autocorrelation shows the relationship between AYRO stock current value and its past values and can show if there is a momentum factor associated with investing in AYRO Inc.
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 AYRO 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, AYRO's short interest history, or implied volatility extrapolated from AYRO options trading.
Pair Trading with AYRO
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 AYRO 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 AYRO will appreciate offsetting losses from the drop in the long position's value.Moving against AYRO Stock
| 0.65 | ECDA | ECD Automotive Design Symbol Change | PairCorr |
| 0.44 | HYZNW | HYZON Motors | PairCorr |
The ability to find closely correlated positions to AYRO could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace AYRO 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 AYRO - 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 AYRO Inc to buy it.
The correlation of AYRO 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 AYRO moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if AYRO Inc 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 AYRO 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 AYRO Correlation, AYRO Volatility and AYRO Alpha and Beta module to complement your research on AYRO. You can also try the USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.
Complementary Tools for AYRO Stock analysis
When running AYRO's price analysis, check to measure AYRO'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 AYRO is operating at the current time. Most of AYRO's value examination focuses on studying past and present price action to predict the probability of AYRO's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move AYRO's price. Additionally, you may evaluate how the addition of AYRO to your portfolios can decrease your overall portfolio volatility.
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AYRO 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.