Entravision Communications Stock Market Value
| EVC Stock | USD 2.15 0.04 1.83% |
| Symbol | Entravision |
Entravision Communications Price To Book Ratio
Is Entravision Communications' 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 Entravision Communications. If investors know Entravision 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 Entravision Communications 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 (0.73) | Dividend Share 0.2 | Earnings Share (0.75) | Revenue Per Share 12.96 | Quarterly Revenue Growth 0.161 |
The market value of Entravision Communications is measured differently than its book value, which is the value of Entravision that is recorded on the company's balance sheet. Investors also form their own opinion of Entravision Communications' value that differs from its market value or its book value, called intrinsic value, which is Entravision Communications' 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 Entravision Communications' market value can be influenced by many factors that don't directly affect Entravision Communications' 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 Entravision Communications' value and its price as these two are different measures arrived at by different means. Investors typically determine if Entravision Communications is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Entravision Communications' 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.
Entravision Communications '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 Entravision Communications' 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 Entravision Communications.
| 02/11/2024 |
| 05/11/2024 |
If you would invest 0.00 in Entravision Communications on February 11, 2024 and sell it all today you would earn a total of 0.00 from holding Entravision Communications or generate 0.0% return on investment in Entravision Communications over 90 days. Entravision Communications is related to or competes with Marchex, Direct Digital, Cimpress, Emerald Expositions, Criteo Sa, Advantage Solutions, and Interpublic Group. Entravision Communications Corporation operates as an advertising, media, and technology solutions company worldwide More
Entravision Communications 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 Entravision Communications' 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 Entravision Communications upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 54.75 | |||
| Value At Risk | (6.67) | |||
| Potential Upside | 6.06 |
Entravision Communications Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Entravision Communications' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Entravision Communications' standard deviation. In reality, there are many statistical measures that can use Entravision Communications historical prices to predict the future Entravision Communications' volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.41) | |||
| Total Risk Alpha | (1.38) | |||
| Treynor Ratio | 0.3503 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Entravision Communications' 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.
Entravision Communications Backtested Returns
Entravision Communications secures Sharpe Ratio (or Efficiency) of -0.0783, which denotes the company had a -0.0783% return per unit of risk over the last 3 months. Entravision Communications exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Entravision Communications' Variance of 52.76, mean deviation of 3.73, and Standard Deviation of 7.26 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -1.47, which means a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Entravision Communications are expected to decrease by larger amounts. On the other hand, during market turmoil, Entravision Communications is expected to outperform it. Entravision Communications has an expected return of -0.58%. Please make sure to confirm Entravision Communications skewness, as well as the relationship between the rate of daily change and period momentum indicator , to decide if Entravision Communications performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.72 |
Almost perfect reverse predictability
Entravision Communications has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Entravision Communications time series from 11th of February 2024 to 27th of March 2024 and 27th of March 2024 to 11th of May 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 Entravision Communications price movement. The serial correlation of -0.72 indicates that around 72.0% of current Entravision Communications price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.72 | |
| Spearman Rank Test | -0.69 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Entravision Communications lagged returns against current returns
Autocorrelation, which is Entravision Communications 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 Entravision Communications' stock expected returns. We can calculate the autocorrelation of Entravision Communications returns to help us make a trade decision. For example, suppose you find that Entravision Communications 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 |
Entravision Communications 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 Entravision Communications stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Entravision Communications stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Entravision Communications stock over time.
Current vs Lagged Prices |
| Timeline |
Entravision Communications Lagged Returns
When evaluating Entravision Communications' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Entravision Communications stock have on its future price. Entravision Communications 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, Entravision Communications autocorrelation shows the relationship between Entravision Communications stock current value and its past values and can show if there is a momentum factor associated with investing in Entravision Communications.
Regressed Prices |
| Timeline |
Pair Trading with Entravision Communications
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 Entravision Communications 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 Entravision Communications will appreciate offsetting losses from the drop in the long position's value.Moving against Entravision Stock
| 0.74 | SE | Sea Earnings Call This Week | PairCorr |
| 0.69 | SJ | Scienjoy Holding Corp | PairCorr |
| 0.58 | IQ | iQIYI Inc Earnings Call This Week | PairCorr |
| 0.54 | ADV | Advantage Solutions | PairCorr |
| 0.52 | WLYB | John Wiley Sons | PairCorr |
The ability to find closely correlated positions to Entravision Communications could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Entravision Communications 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 Entravision Communications - 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 Entravision Communications to buy it.
The correlation of Entravision Communications 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 Entravision Communications moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Entravision Communications 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 Entravision Communications 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 Entravision Communications Correlation, Entravision Communications Volatility and Entravision Communications Alpha and Beta module to complement your research on Entravision Communications. For information on how to trade Entravision Stock refer to our How to Trade Entravision Stock guide.You can also try the Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.
Complementary Tools for Entravision Stock analysis
When running Entravision Communications' price analysis, check to measure Entravision Communications' 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 Entravision Communications is operating at the current time. Most of Entravision Communications' value examination focuses on studying past and present price action to predict the probability of Entravision Communications' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Entravision Communications' price. Additionally, you may evaluate how the addition of Entravision Communications to your portfolios can decrease your overall portfolio volatility.
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Entravision Communications 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.