Everspin Technologies Stock Market Value
| MRAM Stock | USD 7.46 0.09 1.22% |
| Symbol | Everspin |
Everspin Technologies Price To Book Ratio
Is Everspin Technologies' 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 Everspin Technologies. If investors know Everspin 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 Everspin Technologies 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 2.112 | Earnings Share 0.42 | Revenue Per Share 3.073 | Quarterly Revenue Growth 0.065 | Return On Assets 0.06 |
The market value of Everspin Technologies is measured differently than its book value, which is the value of Everspin that is recorded on the company's balance sheet. Investors also form their own opinion of Everspin Technologies' value that differs from its market value or its book value, called intrinsic value, which is Everspin Technologies' 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 Everspin Technologies' market value can be influenced by many factors that don't directly affect Everspin Technologies' 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 Everspin Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if Everspin Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Everspin Technologies' 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.
Everspin Technologies '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 Everspin Technologies' 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 Everspin Technologies.
| 03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in Everspin Technologies on March 26, 2024 and sell it all today you would earn a total of 0.00 from holding Everspin Technologies or generate 0.0% return on investment in Everspin Technologies over 30 days. Everspin Technologies is related to or competes with MACOM Technology, Power Integrations, Diodes Incorporated, CEVA, Silicon Laboratories, MaxLinear, and Amkor Technology. Everspin Technologies, Inc. manufactures and sells magnetoresistive random access memory products in the United States, ... More
Everspin Technologies 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 Everspin Technologies' 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 Everspin Technologies upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 14.43 | |||
| Value At Risk | (3.37) | |||
| Potential Upside | 3.05 |
Everspin Technologies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Everspin Technologies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Everspin Technologies' standard deviation. In reality, there are many statistical measures that can use Everspin Technologies historical prices to predict the future Everspin Technologies' volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.33) | |||
| Total Risk Alpha | (0.55) | |||
| Treynor Ratio | (0.23) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Everspin Technologies' 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.
Everspin Technologies Backtested Returns
Everspin Technologies secures Sharpe Ratio (or Efficiency) of -0.0799, which denotes the company had a -0.0799% return per unit of risk over the last 3 months. Everspin Technologies exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Everspin Technologies' Mean Deviation of 1.52, variance of 5.23, and Standard Deviation of 2.29 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.02, which means a somewhat significant risk relative to the market. Everspin Technologies returns are very sensitive to returns on the market. As the market goes up or down, Everspin Technologies is expected to follow. Everspin Technologies has an expected return of -0.19%. Please make sure to confirm Everspin Technologies skewness, and the relationship between the treynor ratio and rate of daily change , to decide if Everspin Technologies performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.74 |
Good predictability
Everspin Technologies has good predictability. Overlapping area represents the amount of predictability between Everspin Technologies time series from 26th of March 2024 to 10th of April 2024 and 10th of April 2024 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 Everspin Technologies price movement. The serial correlation of 0.74 indicates that around 74.0% of current Everspin Technologies price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.74 | |
| Spearman Rank Test | 0.51 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Everspin Technologies lagged returns against current returns
Autocorrelation, which is Everspin Technologies 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 Everspin Technologies' stock expected returns. We can calculate the autocorrelation of Everspin Technologies returns to help us make a trade decision. For example, suppose you find that Everspin Technologies 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 |
Everspin Technologies 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 Everspin Technologies stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Everspin Technologies stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Everspin Technologies stock over time.
Current vs Lagged Prices |
| Timeline |
Everspin Technologies Lagged Returns
When evaluating Everspin Technologies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Everspin Technologies stock have on its future price. Everspin Technologies 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, Everspin Technologies autocorrelation shows the relationship between Everspin Technologies stock current value and its past values and can show if there is a momentum factor associated with investing in Everspin Technologies.
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 Everspin Technologies 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, Everspin Technologies' short interest history, or implied volatility extrapolated from Everspin Technologies options trading.
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Try AI Portfolio ArchitectCheck out Everspin Technologies Correlation, Everspin Technologies Volatility and Everspin Technologies Alpha and Beta module to complement your research on Everspin Technologies. To learn how to invest in Everspin Stock, please use our How to Invest in Everspin Technologies guide.Note that the Everspin Technologies information on this page should be used as a complementary analysis to other Everspin Technologies' 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 Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
Complementary Tools for Everspin Stock analysis
When running Everspin Technologies' price analysis, check to measure Everspin Technologies' 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 Everspin Technologies is operating at the current time. Most of Everspin Technologies' value examination focuses on studying past and present price action to predict the probability of Everspin Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Everspin Technologies' price. Additionally, you may evaluate how the addition of Everspin Technologies to your portfolios can decrease your overall portfolio volatility.
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Everspin Technologies 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.