Eos Energy Enterprises Stock Market Value
| EOSE Stock | USD 0.76 0.01 1.30% |
| Symbol | Eos |
Eos Energy Enterprises Price To Book Ratio
Is Eos Energy'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 Eos Energy. If investors know Eos 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 Eos Energy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.81) | Revenue Per Share 0.129 | Quarterly Revenue Growth 1.479 | Return On Assets (0.62) | Return On Equity (28.16) |
The market value of Eos Energy Enterprises is measured differently than its book value, which is the value of Eos that is recorded on the company's balance sheet. Investors also form their own opinion of Eos Energy's value that differs from its market value or its book value, called intrinsic value, which is Eos Energy'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 Eos Energy's market value can be influenced by many factors that don't directly affect Eos Energy'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 Eos Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Eos Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Eos Energy'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.
Eos Energy '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 Eos Energy'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 Eos Energy.
| 05/01/2023 |
| 04/25/2024 |
If you would invest 0.00 in Eos Energy on May 1, 2023 and sell it all today you would earn a total of 0.00 from holding Eos Energy Enterprises or generate 0.0% return on investment in Eos Energy over 360 days. Eos Energy is related to or competes with FREYR Battery, and Ocean Power. Eos Energy Enterprises, Inc. designs, manufactures, and deploys battery storage solutions for utility, commercial and in... More
Eos Energy 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 Eos Energy'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 Eos Energy Enterprises upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 26.52 | |||
| Value At Risk | (6.80) | |||
| Potential Upside | 9.09 |
Eos Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Eos Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Eos Energy's standard deviation. In reality, there are many statistical measures that can use Eos Energy historical prices to predict the future Eos Energy's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.48) | |||
| Total Risk Alpha | (0.83) | |||
| Treynor Ratio | (0.04) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Eos Energy'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.
Eos Energy Enterprises Backtested Returns
Eos Energy Enterprises secures Sharpe Ratio (or Efficiency) of -0.0939, which denotes the company had a -0.0939% return per unit of risk over the last 3 months. Eos Energy Enterprises exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Eos Energy's Standard Deviation of 4.88, variance of 23.84, and Mean Deviation of 3.74 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 3.75, 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, Eos Energy will likely underperform. Eos Energy Enterprises has an expected return of -0.41%. Please make sure to confirm Eos Energy Enterprises skewness, as well as the relationship between the rate of daily change and period momentum indicator , to decide if Eos Energy Enterprises performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.16 |
Insignificant reverse predictability
Eos Energy Enterprises has insignificant reverse predictability. Overlapping area represents the amount of predictability between Eos Energy time series from 1st of May 2023 to 28th of October 2023 and 28th of October 2023 to 25th 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 Eos Energy Enterprises price movement. The serial correlation of -0.16 indicates that over 16.0% of current Eos Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.16 | |
| Spearman Rank Test | 0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Eos Energy Enterprises lagged returns against current returns
Autocorrelation, which is Eos Energy 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 Eos Energy's stock expected returns. We can calculate the autocorrelation of Eos Energy returns to help us make a trade decision. For example, suppose you find that Eos Energy 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 |
Eos Energy 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 Eos Energy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Eos Energy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Eos Energy stock over time.
Current vs Lagged Prices |
| Timeline |
Eos Energy Lagged Returns
When evaluating Eos Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Eos Energy stock have on its future price. Eos Energy 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, Eos Energy autocorrelation shows the relationship between Eos Energy stock current value and its past values and can show if there is a momentum factor associated with investing in Eos Energy Enterprises.
Regressed Prices |
| Timeline |
Pair Trading with Eos Energy
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 Eos Energy 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 Eos Energy will appreciate offsetting losses from the drop in the long position's value.Moving against Eos Stock
| 0.59 | ROBOF | RoboGroup TEK | PairCorr |
| 0.59 | WIRE | Encore Wire | PairCorr |
| 0.56 | NVX | Novonix Ltd ADR | PairCorr |
| 0.51 | VRT | Vertiv Holdings Buyout Trend | PairCorr |
| 0.48 | FREY | FREYR Battery SA Financial Report 20th of May 2024 | PairCorr |
The ability to find closely correlated positions to Eos Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Eos Energy 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 Eos Energy - 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 Eos Energy Enterprises to buy it.
The correlation of Eos Energy 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 Eos Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Eos Energy Enterprises 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 Eos Energy 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 Eos Energy Correlation, Eos Energy Volatility and Eos Energy Alpha and Beta module to complement your research on Eos Energy. You can also try the Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.
Complementary Tools for Eos Stock analysis
When running Eos Energy's price analysis, check to measure Eos Energy'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 Eos Energy is operating at the current time. Most of Eos Energy's value examination focuses on studying past and present price action to predict the probability of Eos Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Eos Energy's price. Additionally, you may evaluate how the addition of Eos Energy to your portfolios can decrease your overall portfolio volatility.
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Eos Energy 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.