Envveno Medical Corp Stock Market Value
| NVNO Stock | USD 4.91 0.09 1.80% |
| Symbol | EnVVeno |
enVVeno Medical Corp Price To Book Ratio
Is EnVVeno Medical'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 EnVVeno Medical. If investors know EnVVeno 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 EnVVeno Medical listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.65) | Return On Assets (0.37) | Return On Equity (0.58) |
The market value of enVVeno Medical Corp is measured differently than its book value, which is the value of EnVVeno that is recorded on the company's balance sheet. Investors also form their own opinion of EnVVeno Medical's value that differs from its market value or its book value, called intrinsic value, which is EnVVeno Medical'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 EnVVeno Medical's market value can be influenced by many factors that don't directly affect EnVVeno Medical'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 EnVVeno Medical's value and its price as these two are different measures arrived at by different means. Investors typically determine if EnVVeno Medical is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, EnVVeno Medical'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.
EnVVeno Medical '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 EnVVeno Medical'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 EnVVeno Medical.
| 04/22/2024 |
| 05/22/2024 |
If you would invest 0.00 in EnVVeno Medical on April 22, 2024 and sell it all today you would earn a total of 0.00 from holding enVVeno Medical Corp or generate 0.0% return on investment in EnVVeno Medical over 30 days. EnVVeno Medical is related to or competes with Abbott Laboratories, Stryker, DexCom, and Align Technology. enVVeno Medical Corporation, a medical device company, focuses on the development of various bioprosthetic tissue-based ... More
EnVVeno Medical 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 EnVVeno Medical'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 enVVeno Medical Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.46 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 19.82 | |||
| Value At Risk | (5.36) | |||
| Potential Upside | 7.68 |
EnVVeno Medical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for EnVVeno Medical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as EnVVeno Medical's standard deviation. In reality, there are many statistical measures that can use EnVVeno Medical historical prices to predict the future EnVVeno Medical's volatility.| Risk Adjusted Performance | 0.0146 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.45) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.0351 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of EnVVeno Medical'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.
enVVeno Medical Corp Backtested Returns
enVVeno Medical Corp secures Sharpe Ratio (or Efficiency) of -0.0326, which denotes the company had a -0.0326% return per unit of volatility over the last 3 months. enVVeno Medical Corp exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm EnVVeno Medical's semi deviation of 3.36, and Risk Adjusted Performance of 0.0146 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.9, which means possible diversification benefits within a given portfolio. EnVVeno Medical returns are very sensitive to returns on the market. As the market goes up or down, EnVVeno Medical is expected to follow. enVVeno Medical Corp has an expected return of -0.12%. Please make sure to confirm enVVeno Medical Corp downside variance, as well as the relationship between the accumulation distribution and price action indicator , to decide if enVVeno Medical Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.30 |
Below average predictability
enVVeno Medical Corp has below average predictability. Overlapping area represents the amount of predictability between EnVVeno Medical time series from 22nd of April 2024 to 7th of May 2024 and 7th of May 2024 to 22nd 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 enVVeno Medical Corp price movement. The serial correlation of 0.3 indicates that nearly 30.0% of current EnVVeno Medical price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.3 | |
| Spearman Rank Test | -0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
enVVeno Medical Corp lagged returns against current returns
Autocorrelation, which is EnVVeno Medical 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 EnVVeno Medical's stock expected returns. We can calculate the autocorrelation of EnVVeno Medical returns to help us make a trade decision. For example, suppose you find that EnVVeno Medical 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 |
EnVVeno Medical 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 EnVVeno Medical stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if EnVVeno Medical stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in EnVVeno Medical stock over time.
Current vs Lagged Prices |
| Timeline |
EnVVeno Medical Lagged Returns
When evaluating EnVVeno Medical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of EnVVeno Medical stock have on its future price. EnVVeno Medical 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, EnVVeno Medical autocorrelation shows the relationship between EnVVeno Medical stock current value and its past values and can show if there is a momentum factor associated with investing in enVVeno Medical Corp.
Regressed Prices |
| Timeline |
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When running EnVVeno Medical's price analysis, check to measure EnVVeno Medical'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 EnVVeno Medical is operating at the current time. Most of EnVVeno Medical's value examination focuses on studying past and present price action to predict the probability of EnVVeno Medical's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move EnVVeno Medical's price. Additionally, you may evaluate how the addition of EnVVeno Medical to your portfolios can decrease your overall portfolio volatility.
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EnVVeno Medical 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.