Ebay Inc Stock Market Value
| EBAY Stock | USD 51.25 0.31 0.61% |
| Symbol | EBay |
eBay Inc Price To Book Ratio
Is EBay'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 EBay. If investors know EBay 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 EBay 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 0.131 | Dividend Share 1 | Earnings Share 5.21 | Revenue Per Share 19.079 | Quarterly Revenue Growth 0.021 |
The market value of eBay Inc is measured differently than its book value, which is the value of EBay that is recorded on the company's balance sheet. Investors also form their own opinion of EBay's value that differs from its market value or its book value, called intrinsic value, which is EBay'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 EBay's market value can be influenced by many factors that don't directly affect EBay'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 EBay's value and its price as these two are different measures arrived at by different means. Investors typically determine if EBay is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, EBay'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.
EBay '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 EBay'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 EBay.
| 01/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in EBay on January 25, 2024 and sell it all today you would earn a total of 0.00 from holding eBay Inc or generate 0.0% return on investment in EBay over 90 days. EBay is related to or competes with Appian Corp, Okta, MongoDB, Twilio, and Trade Desk. eBay Inc. operates marketplace platforms that connect buyers and sellers in the United States and internationally More
EBay 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 EBay'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 eBay Inc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.44 | |||
| Information Ratio | 0.1579 | |||
| Maximum Drawdown | 9.53 | |||
| Value At Risk | (1.59) | |||
| Potential Upside | 2.57 |
EBay Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for EBay's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as EBay's standard deviation. In reality, there are many statistical measures that can use EBay historical prices to predict the future EBay's volatility.| Risk Adjusted Performance | 0.1357 | |||
| Jensen Alpha | 0.2557 | |||
| Total Risk Alpha | 0.1293 | |||
| Sortino Ratio | 0.188 | |||
| Treynor Ratio | 0.2948 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of EBay'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.
eBay Inc Backtested Returns
EBay appears to be very steady, given 3 months investment horizon. eBay Inc secures Sharpe Ratio (or Efficiency) of 0.19, which denotes the company had a 0.19% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for eBay Inc, which you can use to evaluate the volatility of the entity. Please utilize EBay's Semi Deviation of 1.2, mean deviation of 1.23, and Risk Adjusted Performance of 0.1357 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, EBay holds a performance score of 15. The firm shows a Beta (market volatility) of 1.19, 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, EBay will likely underperform. Please check EBay's coefficient of variation, semi variance, period momentum indicator, as well as the relationship between the treynor ratio and daily balance of power , to make a quick decision on whether EBay's price patterns will revert.
Auto-correlation | -0.71 |
Almost perfect reverse predictability
eBay Inc has almost perfect reverse predictability. Overlapping area represents the amount of predictability between EBay 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 eBay Inc price movement. The serial correlation of -0.71 indicates that around 71.0% of current EBay price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.71 | |
| Spearman Rank Test | -0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 0.57 |
eBay Inc lagged returns against current returns
Autocorrelation, which is EBay 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 EBay's stock expected returns. We can calculate the autocorrelation of EBay returns to help us make a trade decision. For example, suppose you find that EBay 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 |
EBay 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 EBay stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if EBay stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in EBay stock over time.
Current vs Lagged Prices |
| Timeline |
EBay Lagged Returns
When evaluating EBay's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of EBay stock have on its future price. EBay 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, EBay autocorrelation shows the relationship between EBay stock current value and its past values and can show if there is a momentum factor associated with investing in eBay Inc.
Regressed Prices |
| Timeline |
Pair Trading with EBay
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 EBay 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 EBay will appreciate offsetting losses from the drop in the long position's value.Moving together with EBay Stock
| 0.83 | AN | AutoNation Earnings Call This Week | PairCorr |
Moving against EBay Stock
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| 0.81 | VSCO | Victorias Secret Financial Report 29th of May 2024 | PairCorr |
| 0.8 | DXLG | Destination XL Group Financial Report 23rd of May 2024 | PairCorr |
| 0.73 | HVT | Haverty Furniture Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to EBay could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace EBay 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 EBay - 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 eBay Inc to buy it.
The correlation of EBay 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 EBay moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if eBay Inc 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 EBay 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 EBay Correlation, EBay Volatility and EBay Alpha and Beta module to complement your research on EBay. Note that the eBay Inc information on this page should be used as a complementary analysis to other EBay's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.
Complementary Tools for EBay Stock analysis
When running EBay's price analysis, check to measure EBay'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 EBay is operating at the current time. Most of EBay's value examination focuses on studying past and present price action to predict the probability of EBay's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move EBay's price. Additionally, you may evaluate how the addition of EBay to your portfolios can decrease your overall portfolio volatility.
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EBay 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.