Essent Group Stock Technical Analysis
ESNT Stock | USD 54.17 0.02 0.04% |
As of the 25th of April, Essent shows the Variance of 1.99, mean deviation of 1.05, and Standard Deviation of 1.41. Essent Group technical analysis allows you to utilize historical prices and volume patterns in order to determine a pattern that computes the direction of the firm's future prices. Put another way, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We were able to interpolate thirteen technical drivers for Essent Group, which can be compared to its peers. Please confirm Essent Group market risk adjusted performance and treynor ratio to decide if Essent Group is priced favorably, providing market reflects its regular price of 54.17 per share. Given that Essent has information ratio of (0.08), we urge you to verify Essent Group's prevailing market performance to make sure the company can sustain itself at a future point.
Essent Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Essent, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to EssentEssent |
Essent Analyst Consensus
Target Price | Advice | # of Analysts | |
57.13 | Buy | 10 | Odds |
Most Essent analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Essent stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Essent Group, talking to its executives and customers, or listening to Essent conference calls.
Essent 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.
Essent Group Technical Analysis
The output start index for this execution was three with a total number of output elements of fifty-eight. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Essent Group volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Essent Group Trend Analysis
Use this graph to draw trend lines for Essent Group. You can use it to identify possible trend reversals for Essent as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Essent price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Essent Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Essent Group applied against its price change over selected period. The best fit line has a slop of 0.04 , which means Essent Group will continue generating value for investors. It has 122 observation points and a regression sum of squares at 72.25, which is the sum of squared deviations for the predicted Essent price change compared to its average price change.About Essent Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Essent Group on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Essent Group based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Essent Group price pattern first instead of the macroeconomic environment surrounding Essent Group. By analyzing Essent's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Essent's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Essent specific price patterns or momentum indicators. Please read more on our technical analysis page.
2021 | 2022 | 2023 | 2024 (projected) | Dividend Yield | 0.0154 | 0.0221 | 0.019 | 0.0147 | Price To Sales Ratio | 5.21 | 4.29 | 5.14 | 4.88 |
Essent April 25, 2024 Technical Indicators
Most technical analysis of Essent help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Essent from various momentum indicators to cycle indicators. When you analyze Essent charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
Cycle Indicators | ||
Math Operators | ||
Math Transform | ||
Momentum Indicators | ||
Overlap Studies | ||
Pattern Recognition | ||
Price Transform | ||
Statistic Functions | ||
Volatility Indicators | ||
Volume Indicators |
Risk Adjusted Performance | 3.0E-4 | |||
Market Risk Adjusted Performance | (0.01) | |||
Mean Deviation | 1.05 | |||
Coefficient Of Variation | (11,911) | |||
Standard Deviation | 1.41 | |||
Variance | 1.99 | |||
Information Ratio | (0.08) | |||
Jensen Alpha | (0.14) | |||
Total Risk Alpha | (0.22) | |||
Treynor Ratio | (0.02) | |||
Maximum Drawdown | 7.67 | |||
Value At Risk | (2.18) | |||
Potential Upside | 2.52 | |||
Skewness | 0.1359 | |||
Kurtosis | 0.8008 |
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Essent Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.
Complementary Tools for Essent Stock analysis
When running Essent's price analysis, check to measure Essent'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 Essent is operating at the current time. Most of Essent's value examination focuses on studying past and present price action to predict the probability of Essent's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Essent's price. Additionally, you may evaluate how the addition of Essent to your portfolios can decrease your overall portfolio volatility.
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Is Essent'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 Essent. If investors know Essent 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 Essent 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 0.199 | Dividend Share 1 | Earnings Share 6.5 | Revenue Per Share 10.215 | Quarterly Revenue Growth 0.242 |
The market value of Essent Group is measured differently than its book value, which is the value of Essent that is recorded on the company's balance sheet. Investors also form their own opinion of Essent's value that differs from its market value or its book value, called intrinsic value, which is Essent'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 Essent's market value can be influenced by many factors that don't directly affect Essent'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 Essent's value and its price as these two are different measures arrived at by different means. Investors typically determine if Essent is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Essent'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.