Erf Wireless Stock Market Value
Erf Wireless' market value is the price at which a share of Erf Wireless trades on a public exchange. It measures the collective expectations of Erf Wireless investors about its performance. With this module, you can estimate the performance of a buy and hold strategy of Erf Wireless and determine expected loss or profit from investing in Erf Wireless over a given investment horizon. Check out Erf Wireless Correlation, Erf Wireless Volatility and Erf Wireless Alpha and Beta module to complement your research on Erf Wireless. For information on how to trade Erf Stock refer to our How to Trade Erf Stock guide.
| Symbol | Erf |
Erf Wireless Price To Book Ratio
Is Erf Wireless' 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 Erf Wireless. If investors know Erf 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 Erf Wireless listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share 0.46 | Revenue Per Share 2.357 | Quarterly Revenue Growth (0.24) | Return On Assets (0.43) |
The market value of Erf Wireless is measured differently than its book value, which is the value of Erf that is recorded on the company's balance sheet. Investors also form their own opinion of Erf Wireless' value that differs from its market value or its book value, called intrinsic value, which is Erf Wireless' 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 Erf Wireless' market value can be influenced by many factors that don't directly affect Erf Wireless' 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 Erf Wireless' value and its price as these two are different measures arrived at by different means. Investors typically determine if Erf Wireless is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Erf Wireless' 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.
Erf Wireless '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 Erf Wireless' 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 Erf Wireless.
| 04/25/2023 |
| 04/19/2024 |
If you would invest 0.00 in Erf Wireless on April 25, 2023 and sell it all today you would earn a total of 0.00 from holding Erf Wireless or generate 0.0% return on investment in Erf Wireless over 360 days. Erf Wireless is related to or competes with Texas Roadhouse, Portillos, Ardelyx, Genfit, Biglari Holdings, Bloomin Brands, and Yum Brands. ERF Wireless, Inc. provides wireless broadband access solutions for the energy industry in North America More
Erf Wireless 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 Erf Wireless' 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 Erf Wireless upside and downside potential and time the market with a certain degree of confidence.
Erf Wireless Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Erf Wireless' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Erf Wireless' standard deviation. In reality, there are many statistical measures that can use Erf Wireless historical prices to predict the future Erf Wireless' volatility.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Erf Wireless' 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.
Erf Wireless Backtested Returns
Erf Wireless secures Sharpe Ratio (or Efficiency) of -0.13, which denotes the company had a -0.13% return per unit of risk over the last 3 months. Erf Wireless exposes zero different technical indicators, which can help you to evaluate volatility embedded in its price movement. The firm shows a Beta (market volatility) of 0.0, which means not very significant fluctuations relative to the market. the returns on MARKET and Erf Wireless are completely uncorrelated.
Auto-correlation | 0.32 |
Below average predictability
Erf Wireless has below average predictability. Overlapping area represents the amount of predictability between Erf Wireless time series from 25th of April 2023 to 22nd of October 2023 and 22nd of October 2023 to 19th 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 Erf Wireless price movement. The serial correlation of 0.32 indicates that nearly 32.0% of current Erf Wireless price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.32 | |
| Spearman Rank Test | 0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Erf Wireless lagged returns against current returns
Autocorrelation, which is Erf Wireless 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 Erf Wireless' stock expected returns. We can calculate the autocorrelation of Erf Wireless returns to help us make a trade decision. For example, suppose you find that Erf Wireless 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 |
Erf Wireless 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 Erf Wireless stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Erf Wireless stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Erf Wireless stock over time.
Current vs Lagged Prices |
| Timeline |
Erf Wireless Lagged Returns
When evaluating Erf Wireless' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Erf Wireless stock have on its future price. Erf Wireless 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, Erf Wireless autocorrelation shows the relationship between Erf Wireless stock current value and its past values and can show if there is a momentum factor associated with investing in Erf Wireless.
Regressed Prices |
| Timeline |
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 Erf Wireless 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, Erf Wireless' short interest history, or implied volatility extrapolated from Erf Wireless options trading.
Pair Trading with Erf Wireless
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 Erf Wireless 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 Erf Wireless will appreciate offsetting losses from the drop in the long position's value.Moving together with Erf Stock
| 0.77 | CSCO | Cisco Systems Fiscal Quarter End 30th of April 2024 | PairCorr |
Moving against Erf Stock
| 0.83 | NYAX | Nayax Financial Report 8th of May 2024 | PairCorr |
| 0.8 | CACI | CACI International Earnings Call This Week | PairCorr |
| 0.77 | UCTT | Ultra Clean Holdings | PairCorr |
| 0.7 | LRCX | Lam Research Corp Earnings Call This Week | PairCorr |
| 0.68 | NVMI | Nova Financial Report 9th of May 2024 | PairCorr |
The ability to find closely correlated positions to Erf Wireless could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Erf Wireless 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 Erf Wireless - 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 Erf Wireless to buy it.
The correlation of Erf Wireless 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 Erf Wireless moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Erf Wireless 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 Erf Wireless 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 Erf Wireless Correlation, Erf Wireless Volatility and Erf Wireless Alpha and Beta module to complement your research on Erf Wireless. For information on how to trade Erf Stock refer to our How to Trade Erf Stock guide.Note that the Erf Wireless information on this page should be used as a complementary analysis to other Erf Wireless' 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 Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
Complementary Tools for Erf Stock analysis
When running Erf Wireless' price analysis, check to measure Erf Wireless' 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 Erf Wireless is operating at the current time. Most of Erf Wireless' value examination focuses on studying past and present price action to predict the probability of Erf Wireless' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Erf Wireless' price. Additionally, you may evaluate how the addition of Erf Wireless to your portfolios can decrease your overall portfolio volatility.
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Erf Wireless 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.