The Ensign Group Stock Market Value
| ENSG Stock | USD 117.82 0.15 0.13% |
| Symbol | Ensign |
Ensign Group Price To Book Ratio
Is Ensign'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 Ensign. If investors know Ensign 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 Ensign 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 (0.65) | Dividend Share 0.233 | Earnings Share 3.65 | Revenue Per Share 66.945 | Quarterly Revenue Growth 0.211 |
The market value of Ensign Group is measured differently than its book value, which is the value of Ensign that is recorded on the company's balance sheet. Investors also form their own opinion of Ensign's value that differs from its market value or its book value, called intrinsic value, which is Ensign'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 Ensign's market value can be influenced by many factors that don't directly affect Ensign'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 Ensign's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ensign is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ensign'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.
Ensign '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 Ensign'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 Ensign.
| 10/21/2023 |
| 04/18/2024 |
If you would invest 0.00 in Ensign on October 21, 2023 and sell it all today you would earn a total of 0.00 from holding The Ensign Group or generate 0.0% return on investment in Ensign over 180 days. Ensign is related to or competes with Surgery Partners, and Healthcare Services. The Ensign Group, Inc. provides health care services in the post-acute care continuum and other ancillary businesses More
Ensign 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 Ensign'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 The Ensign Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.18 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 7.13 | |||
| Value At Risk | (2.33) | |||
| Potential Upside | 2.38 |
Ensign Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ensign's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ensign's standard deviation. In reality, there are many statistical measures that can use Ensign historical prices to predict the future Ensign's volatility.| Risk Adjusted Performance | 0.0125 | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.0057 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Ensign'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.
Ensign Group Backtested Returns
We consider Ensign very steady. Ensign Group secures Sharpe Ratio (or Efficiency) of 0.0259, which denotes the company had a 0.0259% return per unit of risk over the last 3 months. We have found thirty technical indicators for The Ensign Group, which you can use to evaluate the volatility of the firm. Please confirm Ensign's Semi Deviation of 1.15, risk adjusted performance of 0.0125, and Downside Deviation of 1.18 to check if the risk estimate we provide is consistent with the expected return of 0.035%. Ensign has a performance score of 2 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.94, which means possible diversification benefits within a given portfolio. Ensign returns are very sensitive to returns on the market. As the market goes up or down, Ensign is expected to follow. Ensign Group right now shows a risk of 1.35%. Please confirm Ensign Group downside variance, day median price, and the relationship between the treynor ratio and kurtosis , to decide if Ensign Group will be following its price patterns.
Auto-correlation | 0.55 |
Modest predictability
The Ensign Group has modest predictability. Overlapping area represents the amount of predictability between Ensign time series from 21st of October 2023 to 19th of January 2024 and 19th of January 2024 to 18th 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 Ensign Group price movement. The serial correlation of 0.55 indicates that about 55.0% of current Ensign price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.55 | |
| Spearman Rank Test | 0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 11.0 |
Ensign Group lagged returns against current returns
Autocorrelation, which is Ensign 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 Ensign's stock expected returns. We can calculate the autocorrelation of Ensign returns to help us make a trade decision. For example, suppose you find that Ensign 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 |
Ensign 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 Ensign stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ensign stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ensign stock over time.
Current vs Lagged Prices |
| Timeline |
Ensign Lagged Returns
When evaluating Ensign's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ensign stock have on its future price. Ensign 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, Ensign autocorrelation shows the relationship between Ensign stock current value and its past values and can show if there is a momentum factor associated with investing in The Ensign Group.
Regressed Prices |
| Timeline |
Ensign Investors Sentiment
The influence of Ensign's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Ensign. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Ensign's public news can be used to forecast risks associated with an investment in Ensign. The trend in average sentiment can be used to explain how an investor holding Ensign can time the market purely based on public headlines and social activities around The Ensign Group. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Ensign's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Ensign's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Ensign's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Ensign.
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 Ensign 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, Ensign's short interest history, or implied volatility extrapolated from Ensign options trading.
Pair Trading with Ensign
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 Ensign 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 Ensign will appreciate offsetting losses from the drop in the long position's value.Moving together with Ensign Stock
| 0.83 | ELMD | Electromed | PairCorr |
| 0.76 | ALC | Alcon AG Financial Report 14th of May 2024 | PairCorr |
| 0.82 | BAX | Baxter International Sell-off Trend | PairCorr |
Moving against Ensign Stock
| 0.68 | IVP | Inspire Veterinary | PairCorr |
| 0.54 | NVST | Envista Holdings Corp Financial Report 1st of May 2024 | PairCorr |
| 0.49 | EMBC | Embecta Corp Financial Report 10th of May 2024 | PairCorr |
| 0.48 | TFX | Teleflex Incorporated Financial Report 2nd of May 2024 | PairCorr |
The ability to find closely correlated positions to Ensign could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ensign 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 Ensign - 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 The Ensign Group to buy it.
The correlation of Ensign 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 Ensign moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ensign Group 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 Ensign 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 Ensign Correlation, Ensign Volatility and Ensign Alpha and Beta module to complement your research on Ensign. You can also try the Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.
Complementary Tools for Ensign Stock analysis
When running Ensign's price analysis, check to measure Ensign'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 Ensign is operating at the current time. Most of Ensign's value examination focuses on studying past and present price action to predict the probability of Ensign's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ensign's price. Additionally, you may evaluate how the addition of Ensign to your portfolios can decrease your overall portfolio volatility.
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| Insider Screener Find insiders across different sectors to evaluate their impact on performance |
Ensign 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.