Element Solutions Stock Market Value
| ESI Stock | USD 23.77 0.31 1.29% |
| Symbol | Element |
Element Solutions Price To Book Ratio
Is Element Solutions' 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 Element Solutions. If investors know Element 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 Element Solutions 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 5.762 | Dividend Share 0.32 | Earnings Share 0.48 | Revenue Per Share 9.665 | Quarterly Revenue Growth (0) |
The market value of Element Solutions is measured differently than its book value, which is the value of Element that is recorded on the company's balance sheet. Investors also form their own opinion of Element Solutions' value that differs from its market value or its book value, called intrinsic value, which is Element Solutions' 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 Element Solutions' market value can be influenced by many factors that don't directly affect Element Solutions' 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 Element Solutions' value and its price as these two are different measures arrived at by different means. Investors typically determine if Element Solutions is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Element Solutions' 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.
Element Solutions '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 Element Solutions' 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 Element Solutions.
| 10/21/2023 |
| 04/18/2024 |
If you would invest 0.00 in Element Solutions on October 21, 2023 and sell it all today you would earn a total of 0.00 from holding Element Solutions or generate 0.0% return on investment in Element Solutions over 180 days. Element Solutions is related to or competes with Sherwin Williams, Ecolab, Linde Plc, and International Flavors. Element Solutions Inc operates as a specialty chemicals company in the United States, China, and internationally More
Element Solutions 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 Element Solutions' 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 Element Solutions upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.3 | |||
| Information Ratio | 0.0434 | |||
| Maximum Drawdown | 5.22 | |||
| Value At Risk | (2.16) | |||
| Potential Upside | 2.59 |
Element Solutions Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Element Solutions' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Element Solutions' standard deviation. In reality, there are many statistical measures that can use Element Solutions historical prices to predict the future Element Solutions' volatility.| Risk Adjusted Performance | 0.058 | |||
| Jensen Alpha | 0.0325 | |||
| Total Risk Alpha | 0.0056 | |||
| Sortino Ratio | 0.0463 | |||
| Treynor Ratio | 0.0656 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Element Solutions' 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.
Element Solutions Backtested Returns
We consider Element Solutions very steady. Element Solutions secures Sharpe Ratio (or Efficiency) of 0.0512, which denotes the company had a 0.0512% return per unit of risk over the last 3 months. We have found thirty technical indicators for Element Solutions, which you can use to evaluate the volatility of the firm. Please confirm Element Solutions' Coefficient Of Variation of 1199.62, downside deviation of 1.3, and Mean Deviation of 1.11 to check if the risk estimate we provide is consistent with the expected return of 0.0678%. Element Solutions has a performance score of 4 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 1.61, 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, Element Solutions will likely underperform. Element Solutions right now shows a risk of 1.33%. Please confirm Element Solutions downside variance, day median price, and the relationship between the treynor ratio and kurtosis , to decide if Element Solutions will be following its price patterns.
Auto-correlation | 0.88 |
Very good predictability
Element Solutions has very good predictability. Overlapping area represents the amount of predictability between Element Solutions 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 Element Solutions price movement. The serial correlation of 0.88 indicates that approximately 88.0% of current Element Solutions price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.88 | |
| Spearman Rank Test | 0.87 | |
| Residual Average | 0.0 | |
| Price Variance | 0.95 |
Element Solutions lagged returns against current returns
Autocorrelation, which is Element Solutions 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 Element Solutions' stock expected returns. We can calculate the autocorrelation of Element Solutions returns to help us make a trade decision. For example, suppose you find that Element Solutions 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 |
Element Solutions 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 Element Solutions stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Element Solutions stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Element Solutions stock over time.
Current vs Lagged Prices |
| Timeline |
Element Solutions Lagged Returns
When evaluating Element Solutions' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Element Solutions stock have on its future price. Element Solutions 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, Element Solutions autocorrelation shows the relationship between Element Solutions stock current value and its past values and can show if there is a momentum factor associated with investing in Element Solutions.
Regressed Prices |
| Timeline |
Element Solutions Investors Sentiment
The influence of Element Solutions' 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 Element. 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 Element Solutions' public news can be used to forecast risks associated with an investment in Element. The trend in average sentiment can be used to explain how an investor holding Element can time the market purely based on public headlines and social activities around Element Solutions. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Element Solutions' 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 Element Solutions' 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 Element Solutions' news discussions. The higher the estimated score, the more favorable is the investor's outlook on Element Solutions.
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 Element Solutions 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, Element Solutions' short interest history, or implied volatility extrapolated from Element Solutions options trading.
Pair Trading with Element Solutions
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 Element Solutions 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 Element Solutions will appreciate offsetting losses from the drop in the long position's value.Moving together with Element Stock
| 0.77 | DD | Dupont De Nemours Report 7th of May 2024 | PairCorr |
| 0.83 | FF | FutureFuel Corp | PairCorr |
| 0.76 | ECVT | Ecovyst Financial Report 2nd of May 2024 | PairCorr |
Moving against Element Stock
| 0.67 | WDFC | WD 40 Company Financial Report 8th of July 2024 | PairCorr |
The ability to find closely correlated positions to Element Solutions could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Element Solutions 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 Element Solutions - 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 Element Solutions to buy it.
The correlation of Element Solutions 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 Element Solutions moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Element Solutions 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 Element Solutions 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 Element Solutions Correlation, Element Solutions Volatility and Element Solutions Alpha and Beta module to complement your research on Element Solutions. For more detail on how to invest in Element Stock please use our How to Invest in Element Solutions guide.You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
Complementary Tools for Element Stock analysis
When running Element Solutions' price analysis, check to measure Element Solutions' 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 Element Solutions is operating at the current time. Most of Element Solutions' value examination focuses on studying past and present price action to predict the probability of Element Solutions' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Element Solutions' price. Additionally, you may evaluate how the addition of Element Solutions to your portfolios can decrease your overall portfolio volatility.
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Element Solutions 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.