Eplus Inc Stock Market Value
| PLUS Stock | USD 79.03 1.08 1.35% |
| Symbol | EPlus |
ePlus inc Price To Book Ratio
Is EPlus' 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 EPlus. If investors know EPlus 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 EPlus 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 (0.24) | Earnings Share 4.76 | Revenue Per Share 81.326 | Quarterly Revenue Growth (0.18) | Return On Assets 0.0684 |
The market value of ePlus inc is measured differently than its book value, which is the value of EPlus that is recorded on the company's balance sheet. Investors also form their own opinion of EPlus' value that differs from its market value or its book value, called intrinsic value, which is EPlus' 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 EPlus' market value can be influenced by many factors that don't directly affect EPlus' 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 EPlus' value and its price as these two are different measures arrived at by different means. Investors typically determine if EPlus is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, EPlus' 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.
EPlus '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 EPlus' 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 EPlus.
| 07/04/2022 |
| 04/24/2024 |
If you would invest 0.00 in EPlus on July 4, 2022 and sell it all today you would earn a total of 0.00 from holding ePlus inc or generate 0.0% return on investment in EPlus over 660 days. EPlus is related to or competes with Model N, Progress Software, Agilysys, Sapiens International, PDF Solutions, PROS Holdings, and American Software. ePlus inc., together with its subsidiaries, provides information technology solutions that enable organizations to optim... More
EPlus 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 EPlus' 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 ePlus inc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.0 | |||
| Information Ratio | 8.0E-4 | |||
| Maximum Drawdown | 15.47 | |||
| Value At Risk | (2.70) | |||
| Potential Upside | 3.16 |
EPlus Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for EPlus' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as EPlus' standard deviation. In reality, there are many statistical measures that can use EPlus historical prices to predict the future EPlus' volatility.| Risk Adjusted Performance | 0.0308 | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.27) | |||
| Sortino Ratio | 7.0E-4 | |||
| Treynor Ratio | 0.0544 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of EPlus' 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.
ePlus inc Backtested Returns
We consider EPlus very steady. ePlus inc secures Sharpe Ratio (or Efficiency) of 0.0405, which denotes the company had a 0.0405% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for ePlus inc, which you can use to evaluate the volatility of the firm. Please confirm EPlus' Semi Deviation of 2.93, risk adjusted performance of 0.0308, and Downside Deviation of 3.0 to check if the risk estimate we provide is consistent with the expected return of 0.11%. EPlus has a performance score of 3 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, EPlus will likely underperform. ePlus inc right now shows a risk of 2.66%. Please confirm ePlus inc value at risk, as well as the relationship between the kurtosis and price action indicator , to decide if ePlus inc will be following its price patterns.
Auto-correlation | 0.06 |
Virtually no predictability
ePlus inc has virtually no predictability. Overlapping area represents the amount of predictability between EPlus time series from 4th of July 2022 to 30th of May 2023 and 30th of May 2023 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 ePlus inc price movement. The serial correlation of 0.06 indicates that barely 6.0% of current EPlus price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.06 | |
| Spearman Rank Test | -0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 78.84 |
ePlus inc lagged returns against current returns
Autocorrelation, which is EPlus 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 EPlus' stock expected returns. We can calculate the autocorrelation of EPlus returns to help us make a trade decision. For example, suppose you find that EPlus 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 |
EPlus 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 EPlus stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if EPlus stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in EPlus stock over time.
Current vs Lagged Prices |
| Timeline |
EPlus Lagged Returns
When evaluating EPlus' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of EPlus stock have on its future price. EPlus 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, EPlus autocorrelation shows the relationship between EPlus stock current value and its past values and can show if there is a momentum factor associated with investing in ePlus inc.
Regressed Prices |
| Timeline |
EPlus Investors Sentiment
The influence of EPlus' 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 EPlus. 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 EPlus' public news can be used to forecast risks associated with an investment in EPlus. The trend in average sentiment can be used to explain how an investor holding EPlus can time the market purely based on public headlines and social activities around ePlus inc. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
EPlus' 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 EPlus' 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 EPlus' news discussions. The higher the estimated score, the more favorable is the investor's outlook on EPlus.
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 EPlus 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, EPlus' short interest history, or implied volatility extrapolated from EPlus options trading.
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Check out EPlus Correlation, EPlus Volatility and EPlus Alpha and Beta module to complement your research on EPlus. You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.
Complementary Tools for EPlus Stock analysis
When running EPlus' price analysis, check to measure EPlus' 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 EPlus is operating at the current time. Most of EPlus' value examination focuses on studying past and present price action to predict the probability of EPlus' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move EPlus' price. Additionally, you may evaluate how the addition of EPlus to your portfolios can decrease your overall portfolio volatility.
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EPlus 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.