Evoqua Stock Market Value

AQUA
 Stock
  

USD 43.06  0.16  0.37%   

Evoqua Water's market value is the price at which a share of Evoqua Water stock trades on a public exchange. It measures the collective expectations of Evoqua Water Technologies investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of Evoqua Water Technologies and determine expected loss or profit from investing in Evoqua Water over a given investment horizon. Please continue to Evoqua Water Correlation, Evoqua Water Volatility and Evoqua Water Alpha and Beta module to complement your research on Evoqua Water.
Symbol


Is Evoqua Water'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 Evoqua Water. If investors know Evoqua 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 Evoqua Water 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 YOY
0.496
Market Capitalization
5.2 B
Quarterly Revenue Growth YOY
0.185
Return On Assets
0.0361
Return On Equity
0.112
The market value of Evoqua Water Technologies is measured differently than its book value, which is the value of Evoqua that is recorded on the company's balance sheet. Investors also form their own opinion of Evoqua Water's value that differs from its market value or its book value, called intrinsic value, which is Evoqua Water'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 Evoqua Water's market value can be influenced by many factors that don't directly affect Evoqua Water'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 Evoqua Water's value and its price as these two are different measures arrived at by different means. Investors typically determine Evoqua Water value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Evoqua Water'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.

Evoqua Water '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 Evoqua Water'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 Evoqua Water.
0.00
12/17/2020
No Change 0.00  0.0 
In 1 year 11 months and 22 days
12/07/2022
0.00
If you would invest  0.00  in Evoqua Water on December 17, 2020 and sell it all today you would earn a total of 0.00 from holding Evoqua Water Technologies or generate 0.0% return on investment in Evoqua Water over 720 days. Evoqua Water is related to or competes with VANGUARD SMALL-CAP, Merck, Fidelity MSCI, and Bondbloxx ETF. Evoqua Water Technologies Corp. provides water and wastewater treatment systems and technologies, and mobile and emergen... More

Evoqua Water 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 Evoqua Water'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 Evoqua Water Technologies upside and downside potential and time the market with a certain degree of confidence.

Evoqua Water Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Evoqua Water's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Evoqua Water's standard deviation. In reality, there are many statistical measures that can use Evoqua Water historical prices to predict the future Evoqua Water's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Evoqua Water'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. Please use the tools below to analyze the current value of Evoqua Water in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
39.4542.7045.95
Details
Intrinsic
Valuation
LowReal ValueHigh
39.9043.1546.40
Details
8 Analysts
Consensus
LowTarget PriceHigh
30.0041.4357.00
Details
Earnings
Estimates (6)
LowProjected EPSHigh
0.590.670.72
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Evoqua Water. Your research has to be compared to or analyzed against Evoqua Water's peers to derive any actionable benefits. When done correctly, Evoqua Water's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Evoqua Water Technologies.

Evoqua Water Technologies Backtested Returns

Evoqua Water appears to be very steady, given 3 months investment horizon. Evoqua Water Technologies secures Sharpe Ratio (or Efficiency) of 0.0999, which denotes the company had 0.0999% of return per unit of risk over the last 3 months. Our standpoint towards predicting the volatility of a stock is to use all available market data together with stock-specific technical indicators that cannot be diversified away. We have found twenty-eight technical indicators for Evoqua Water Technologies, which you can use to evaluate the future volatility of the firm. Please utilize Evoqua Water's Coefficient Of Variation of 837.7, mean deviation of 2.28, and Downside Deviation of 2.51 to check if our risk estimates are consistent with your expectations.
On a scale of 0 to 100, Evoqua Water holds a performance score of 7. The firm shows a Beta (market volatility) of 1.5658, which means a somewhat significant risk relative to the market. Let's try to break down what Evoqua's beta means in this case. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Evoqua Water will likely underperform. Although it is vital to follow Evoqua Water Technologies historical returns, it is good to be conservative about what you can do with the information regarding equity current trending patterns. The philosophy towards predicting future performance of any stock is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. By reviewing Evoqua Water Technologies technical indicators, you can presently evaluate if the expected return of 0.32% will be sustainable into the future. Please utilizes Evoqua Water Technologies sortino ratio, skewness, price action indicator, as well as the relationship between the potential upside and rate of daily change to make a quick decision on whether Evoqua Water price patterns will revert.

Auto-correlation

    
  -0.33  

Poor reverse predictability

Evoqua Water Technologies has poor reverse predictability. Overlapping area represents the amount of predictability between Evoqua Water time series from 17th of December 2020 to 12th of December 2021 and 12th of December 2021 to 7th of December 2022. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Evoqua Water Technologies price movement. The serial correlation of -0.33 indicates that nearly 33.0% of current Evoqua Water price fluctuation can be explain by its past prices.
Correlation Coefficient-0.33
Spearman Rank Test-0.47
Residual Average0.0
Price Variance19.59

Evoqua Water Technologies lagged returns against current returns

Autocorrelation, which is Evoqua Water 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 Evoqua Water's stock expected returns. We can calculate the autocorrelation of Evoqua Water returns to help us make a trade decision. For example, suppose you find that Evoqua Water stock 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 stock movement to match the lagging time series.
   Current and Lagged Values   
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Evoqua Water 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 Evoqua Water stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Evoqua Water stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Evoqua Water stock over time.
   Current vs Lagged Prices   
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       Timeline  

Evoqua Water Lagged Returns

When evaluating Evoqua Water's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Evoqua Water stock have on its future price. Evoqua Water 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, Evoqua Water autocorrelation shows the relationship between Evoqua Water stock current value and its past values and can show if there is a momentum factor associated with investing in Evoqua Water Technologies.
   Regressed Prices   
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       Timeline  

Evoqua Water Investors Sentiment

The influence of Evoqua Water's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Evoqua. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.
Investor biases related to Evoqua Water's public news can be used to forecast risks associated with investment in Evoqua. The trend in average sentiment can be used to explain how an investor holding Evoqua can time the market purely based on public headlines and social activities around Evoqua Water Technologies. Please note that most equiteis that are difficult to arbitrage are affected by market sentiment the most.
Evoqua Water's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Evoqua Water's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Evoqua Water's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Evoqua Water.
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 Evoqua Water 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, Evoqua Water's short interest history, or implied volatility extrapolated from Evoqua Water options trading.

Pair Trading with Evoqua Water

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 Evoqua Water 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 Evoqua Water will appreciate offsetting losses from the drop in the long position's value.

Moving together with Evoqua Water

+0.75CECOCECO Environmental Corp Symbol ChangePairCorr
+0.69AALAmerican Airlines Downward RallyPairCorr

Moving against Evoqua Water

-0.76AZULAzul SA Buyout TrendPairCorr
The ability to find closely correlated positions to Evoqua Water could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Evoqua Water 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 Evoqua Water - 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 Evoqua Water Technologies to buy it.
The correlation of Evoqua Water is a statistical measure of how it moves in relation to other equities. 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 Evoqua Water moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Evoqua Water Technologies 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 Evoqua Water 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.
Pair CorrelationCorrelation Matching
Please continue to Evoqua Water Correlation, Evoqua Water Volatility and Evoqua Water Alpha and Beta module to complement your research on Evoqua Water. You can also try Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.

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When running Evoqua Water Technologies price analysis, check to measure Evoqua Water'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 Evoqua Water is operating at the current time. Most of Evoqua Water's value examination focuses on studying past and present price action to predict the probability of Evoqua Water's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Evoqua Water's price. Additionally, you may evaluate how the addition of Evoqua Water to your portfolios can decrease your overall portfolio volatility.
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Evoqua Water 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.
A focus of Evoqua Water technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Evoqua Water trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...