Everi Holdings Stock Market Value
| EVRI Stock | USD 8.70 0.24 2.68% |
| Symbol | Everi |
Everi Holdings Price To Book Ratio
Is Everi Holdings' 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 Everi Holdings. If investors know Everi 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 Everi Holdings 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 (0.93) | Earnings Share 0.91 | Revenue Per Share 9.267 | Quarterly Revenue Growth (0.07) | Return On Assets 0.0591 |
The market value of Everi Holdings is measured differently than its book value, which is the value of Everi that is recorded on the company's balance sheet. Investors also form their own opinion of Everi Holdings' value that differs from its market value or its book value, called intrinsic value, which is Everi Holdings' 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 Everi Holdings' market value can be influenced by many factors that don't directly affect Everi Holdings' 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 Everi Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if Everi Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Everi Holdings' 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.
Everi Holdings '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 Everi Holdings' 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 Everi Holdings.
| 01/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in Everi Holdings on January 25, 2024 and sell it all today you would earn a total of 0.00 from holding Everi Holdings or generate 0.0% return on investment in Everi Holdings over 90 days. Everi Holdings is related to or competes with Accel Entertainment, Light Wonder, Inspired Entertainment, International Game, PlayAGS, Churchill Downs, and NeogamesSA. Everi Holdings Inc. provides entertainment and technology solutions for the casino and digital gaming industries in the ... More
Everi Holdings 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 Everi Holdings' 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 Everi Holdings upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.1) | |||
| Maximum Drawdown | 16.27 | |||
| Value At Risk | (4.83) | |||
| Potential Upside | 4.14 |
Everi Holdings Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Everi Holdings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Everi Holdings' standard deviation. In reality, there are many statistical measures that can use Everi Holdings historical prices to predict the future Everi Holdings' volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.34) | |||
| Total Risk Alpha | (0.60) | |||
| Treynor Ratio | (0.15) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Everi Holdings' 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.
Everi Holdings Backtested Returns
Everi Holdings secures Sharpe Ratio (or Efficiency) of -0.0954, which denotes the company had a -0.0954% return per unit of risk over the last 3 months. Everi Holdings exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Everi Holdings' Standard Deviation of 2.99, mean deviation of 2.2, and Variance of 8.95 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.48, 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, Everi Holdings will likely underperform. Everi Holdings has an expected return of -0.29%. Please make sure to confirm Everi Holdings total risk alpha, as well as the relationship between the kurtosis and day typical price , to decide if Everi Holdings performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.52 |
Modest predictability
Everi Holdings has modest predictability. Overlapping area represents the amount of predictability between Everi Holdings time series from 25th of January 2024 to 10th of March 2024 and 10th of March 2024 to 24th 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 Everi Holdings price movement. The serial correlation of 0.52 indicates that about 52.0% of current Everi Holdings price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.52 | |
| Spearman Rank Test | 0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 0.11 |
Everi Holdings lagged returns against current returns
Autocorrelation, which is Everi Holdings 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 Everi Holdings' stock expected returns. We can calculate the autocorrelation of Everi Holdings returns to help us make a trade decision. For example, suppose you find that Everi Holdings 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 |
Everi Holdings 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 Everi Holdings stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Everi Holdings stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Everi Holdings stock over time.
Current vs Lagged Prices |
| Timeline |
Everi Holdings Lagged Returns
When evaluating Everi Holdings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Everi Holdings stock have on its future price. Everi Holdings 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, Everi Holdings autocorrelation shows the relationship between Everi Holdings stock current value and its past values and can show if there is a momentum factor associated with investing in Everi Holdings.
Regressed Prices |
| Timeline |
Everi Holdings Investors Sentiment
The influence of Everi Holdings' 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 Everi. 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 Everi Holdings' public news can be used to forecast risks associated with an investment in Everi. The trend in average sentiment can be used to explain how an investor holding Everi can time the market purely based on public headlines and social activities around Everi Holdings. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Everi Holdings' 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 Everi Holdings' 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 Everi Holdings' news discussions. The higher the estimated score, the more favorable is the investor's outlook on Everi Holdings.
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 Everi Holdings 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, Everi Holdings' short interest history, or implied volatility extrapolated from Everi Holdings options trading.
Pair Trading with Everi Holdings
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 Everi Holdings 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 Everi Holdings will appreciate offsetting losses from the drop in the long position's value.Moving against Everi Stock
| 0.83 | NGMS | NeogamesSA Financial Report 8th of May 2024 | PairCorr |
| 0.8 | XPOF | Xponential Fitness Financial Report 2nd of May 2024 | PairCorr |
| 0.73 | BROS | Dutch Bros Financial Report 14th of May 2024 | PairCorr |
| 0.67 | CMG | Chipotle Mexican Grill Earnings Call Today | PairCorr |
| 0.67 | AN | AutoNation Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to Everi Holdings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Everi Holdings 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 Everi Holdings - 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 Everi Holdings to buy it.
The correlation of Everi Holdings 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 Everi Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Everi Holdings 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 Everi Holdings 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 Everi Holdings Correlation, Everi Holdings Volatility and Everi Holdings Alpha and Beta module to complement your research on Everi Holdings. For more detail on how to invest in Everi Stock please use our How to Invest in Everi Holdings guide.You can also try the USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.
Complementary Tools for Everi Stock analysis
When running Everi Holdings' price analysis, check to measure Everi Holdings' 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 Everi Holdings is operating at the current time. Most of Everi Holdings' value examination focuses on studying past and present price action to predict the probability of Everi Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Everi Holdings' price. Additionally, you may evaluate how the addition of Everi Holdings to your portfolios can decrease your overall portfolio volatility.
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Everi Holdings 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.