Evolent Health (Germany) Statistic Functions Beta
| 9EH Stock | EUR 20.80 0.60 2.80% |
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The output start index for this execution was eight with a total number of output elements of fifty-three. The Beta measures systematic risk based on how returns on Evolent Health correlated with the market. If Beta is less than 0 Evolent Health generally moves in the opposite direction as compared to the market. If Evolent Health Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Evolent Health is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Evolent Health is generally in the same direction as the market. If Beta > 1 Evolent Health moves generally in the same direction as, but more than the movement of the benchmark.
Evolent Health Technical Analysis Modules
Most technical analysis of Evolent Health help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Evolent from various momentum indicators to cycle indicators. When you analyze Evolent charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
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| Volume Indicators |
About Evolent Health Predictive Technical Analysis
Predictive technical analysis modules help investors to analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Evolent Health. We use our internally-developed statistical techniques to arrive at the intrinsic value of Evolent Health based on widely used predictive technical indicators. In general, we focus on analyzing Evolent Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Evolent Health's daily price indicators and compare them against related drivers, such as statistic functions and various other types of predictive indicators. Using this methodology combined with a more conventional technical analysis and fundamental analysis, we attempt to find the most accurate representation of Evolent Health's intrinsic value. In addition to deriving basic predictive indicators for Evolent Health, we also check how macroeconomic factors affect Evolent Health price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Evolent Health'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.
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Additional Information and Resources on Investing in Evolent Stock
When determining whether Evolent Health offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Evolent Health's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Evolent Health Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Evolent Health Stock:Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Evolent Health. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. For more detail on how to invest in Evolent Stock please use our How to Invest in Evolent Health guide.You can also try the Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.