Enterprise Bancorp Stock Market Value

EBTC Stock  USD 25.97  0.10  0.39%   
Enterprise Bancorp's market value is the price at which a share of Enterprise Bancorp trades on a public exchange. It measures the collective expectations of Enterprise Bancorp investors about its performance. Enterprise Bancorp is trading at 25.97 as of the 28th of March 2024, a 0.39 percent increase since the beginning of the trading day. The stock's open price was 25.87.
With this module, you can estimate the performance of a buy and hold strategy of Enterprise Bancorp and determine expected loss or profit from investing in Enterprise Bancorp over a given investment horizon. Check out Enterprise Bancorp Correlation, Enterprise Bancorp Volatility and Enterprise Bancorp Alpha and Beta module to complement your research on Enterprise Bancorp.
For information on how to trade Enterprise Stock refer to our How to Trade Enterprise Stock guide.
Symbol

Enterprise Bancorp Price To Book Ratio

Is Enterprise Bancorp'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 Enterprise Bancorp. If investors know Enterprise 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 Enterprise Bancorp 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
(0.36)
Dividend Share
0.92
Earnings Share
3.11
Revenue Per Share
13.208
Quarterly Revenue Growth
(0.11)
The market value of Enterprise Bancorp is measured differently than its book value, which is the value of Enterprise that is recorded on the company's balance sheet. Investors also form their own opinion of Enterprise Bancorp's value that differs from its market value or its book value, called intrinsic value, which is Enterprise Bancorp'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 Enterprise Bancorp's market value can be influenced by many factors that don't directly affect Enterprise Bancorp'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 Enterprise Bancorp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Enterprise Bancorp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Enterprise Bancorp'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.

Enterprise Bancorp '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 Enterprise Bancorp'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 Enterprise Bancorp.
0.00
04/08/2022
No Change 0.00  0.0 
In 1 year 11 months and 22 days
03/28/2024
0.00
If you would invest  0.00  in Enterprise Bancorp on April 8, 2022 and sell it all today you would earn a total of 0.00 from holding Enterprise Bancorp or generate 0.0% return on investment in Enterprise Bancorp over 720 days. Enterprise Bancorp is related to or competes with Middlefield Banc, Merchants Bancorp, Mercantile Bank, MetroCity Bankshares, Macatawa Bank, Axos Financial, and Byline Bancorp. Enterprise Bancorp, Inc. operates as the holding company of Enterprise Bank and Trust Company that provides commercial b... More

Enterprise Bancorp 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 Enterprise Bancorp'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 Enterprise Bancorp upside and downside potential and time the market with a certain degree of confidence.

Enterprise Bancorp Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Enterprise Bancorp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Enterprise Bancorp's standard deviation. In reality, there are many statistical measures that can use Enterprise Bancorp historical prices to predict the future Enterprise Bancorp's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Enterprise Bancorp'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.
Hype
Prediction
LowEstimatedHigh
24.0925.9727.85
Details
Intrinsic
Valuation
LowRealHigh
25.3827.2629.14
Details
Naive
Forecast
LowNextHigh
23.8825.7627.63
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
24.2225.9327.65
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Enterprise Bancorp. Your research has to be compared to or analyzed against Enterprise Bancorp's peers to derive any actionable benefits. When done correctly, Enterprise Bancorp's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Enterprise Bancorp.

Enterprise Bancorp Backtested Returns

Enterprise Bancorp secures Sharpe Ratio (or Efficiency) of -0.17, which denotes the company had a -0.17% return per unit of risk over the last 3 months. Enterprise Bancorp exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Enterprise Bancorp's Mean Deviation of 1.43, standard deviation of 1.86, and Variance of 3.47 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 2.08, 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, Enterprise Bancorp will likely underperform. Enterprise Bancorp has an expected return of -0.32%. Please make sure to confirm Enterprise Bancorp accumulation distribution, and the relationship between the potential upside and day median price , to decide if Enterprise Bancorp performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  0.38  

Below average predictability

Enterprise Bancorp has below average predictability. Overlapping area represents the amount of predictability between Enterprise Bancorp time series from 8th of April 2022 to 3rd of April 2023 and 3rd of April 2023 to 28th of March 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 Enterprise Bancorp price movement. The serial correlation of 0.38 indicates that just about 38.0% of current Enterprise Bancorp price fluctuation can be explain by its past prices.
Correlation Coefficient0.38
Spearman Rank Test-0.16
Residual Average0.0
Price Variance3.24

Enterprise Bancorp lagged returns against current returns

Autocorrelation, which is Enterprise Bancorp 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 Enterprise Bancorp's stock expected returns. We can calculate the autocorrelation of Enterprise Bancorp returns to help us make a trade decision. For example, suppose you find that Enterprise Bancorp 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  

Enterprise Bancorp 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 Enterprise Bancorp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Enterprise Bancorp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Enterprise Bancorp stock over time.
   Current vs Lagged Prices   
       Timeline  

Enterprise Bancorp Lagged Returns

When evaluating Enterprise Bancorp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Enterprise Bancorp stock have on its future price. Enterprise Bancorp 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, Enterprise Bancorp autocorrelation shows the relationship between Enterprise Bancorp stock current value and its past values and can show if there is a momentum factor associated with investing in Enterprise Bancorp.
   Regressed Prices   
       Timeline  

Pair Trading with Enterprise Bancorp

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 Enterprise Bancorp 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 Enterprise Bancorp will appreciate offsetting losses from the drop in the long position's value.

Moving together with Enterprise Stock

  0.93MBCN Middlefield Banc Fiscal Quarter End 31st of March 2024 PairCorr
  0.8MBWM Mercantile Bank Fiscal Quarter End 31st of March 2024 PairCorr

Moving against Enterprise Stock

  0.85RF-PB Regions FinancialPairCorr
  0.79KB KB Financial Group Financial Report 20th of May 2024 PairCorr
  0.79MFBP MF BancorpPairCorr
  0.78WF Woori Financial Group Financial Report 21st of May 2024 PairCorr
  0.75RF-PC Regions FinancialPairCorr
The ability to find closely correlated positions to Enterprise Bancorp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Enterprise Bancorp 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 Enterprise Bancorp - 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 Enterprise Bancorp to buy it.
The correlation of Enterprise Bancorp 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 Enterprise Bancorp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Enterprise Bancorp 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 Enterprise Bancorp 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 Enterprise Bancorp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Enterprise Bancorp'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 Enterprise Bancorp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Enterprise Bancorp Stock:
Check out Enterprise Bancorp Correlation, Enterprise Bancorp Volatility and Enterprise Bancorp Alpha and Beta module to complement your research on Enterprise Bancorp.
For information on how to trade Enterprise Stock refer to our How to Trade Enterprise Stock guide.
You can also try the Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.

Complementary Tools for Enterprise Stock analysis

When running Enterprise Bancorp's price analysis, check to measure Enterprise Bancorp'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 Enterprise Bancorp is operating at the current time. Most of Enterprise Bancorp's value examination focuses on studying past and present price action to predict the probability of Enterprise Bancorp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Enterprise Bancorp's price. Additionally, you may evaluate how the addition of Enterprise Bancorp to your portfolios can decrease your overall portfolio volatility.
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Enterprise Bancorp 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.
A focus of Enterprise Bancorp technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Enterprise Bancorp trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...