Envela Stock Market Value

ELA
 Stock
  

USD 8.05  0.02  0.25%   

Envela Corp's market value is the price at which a share of Envela Corp stock trades on a public exchange. It measures the collective expectations of Envela Corp investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of Envela Corp and determine expected loss or profit from investing in Envela Corp over a given investment horizon. Continue to Envela Corp Hype Analysis, Envela Corp Correlation, Envela Corp Valuation, Envela Corp Volatility, as well as analyze Envela Corp Alpha and Beta and Envela Corp Performance.
Symbol


Is Envela Corp'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 Envela Corp. If investors know Envela 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 Envela Corp 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
0.75
Market Capitalization
216.7 M
Quarterly Revenue Growth YOY
0.26
Return On Assets
0.14
Return On Equity
0.44
The market value of Envela Corp is measured differently than its book value, which is the value of Envela that is recorded on the company's balance sheet. Investors also form their own opinion of Envela Corp's value that differs from its market value or its book value, called intrinsic value, which is Envela Corp'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 Envela Corp's market value can be influenced by many factors that don't directly affect Envela Corp'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 Envela Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine Envela Corp value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Envela Corp'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.

Envela Corp '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 Envela Corp'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 Envela Corp.
0.00
06/16/2022
No Change 0.00  0.0 
In 2 months and 2 days
08/15/2022
0.00
If you would invest  0.00  in Envela Corp on June 16, 2022 and sell it all today you would earn a total of 0.00 from holding Envela Corp or generate 0.0% return on investment in Envela Corp over 60 days. Envela Corp is related to or competes with Aarons Holdings, Advance Auto, Autozone, Bed Bath, Best Buy, Big 5, and General Electric. Envela Corporation, together with its subsidiaries, primarily buys and sells jewelry and bullion products to individual ...More

Envela Corp 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 Envela Corp'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 Envela Corp upside and downside potential and time the market with a certain degree of confidence.

Envela Corp Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Envela Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Envela Corp's standard deviation. In reality, there are many statistical measures that can use Envela Corp historical prices to predict the future Envela Corp's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Envela Corp'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 Envela Corp in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
3.808.0912.38
Details
Intrinsic
Valuation
LowReal ValueHigh
4.388.6712.96
Details
Naive
Forecast
LowNext ValueHigh
4.468.7513.03
Details
2 Analysts
Consensus
LowTarget PriceHigh
10.0010.0010.00
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Envela Corp. Your research has to be compared to or analyzed against Envela Corp's peers to derive any actionable benefits. When done correctly, Envela Corp'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 Envela Corp.

Envela Corp Backtested Returns

Envela Corp appears to be slightly risky, given 3 months investment horizon. Envela Corp secures Sharpe Ratio (or Efficiency) of 0.19, which denotes the company had 0.19% 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. By reviewing Envela Corp technical indicators you can presently evaluate if the expected return of 0.8% is justified by implied risk. Please utilize Envela Corp's Mean Deviation of 3.36, coefficient of variation of 494.72, and Downside Deviation of 3.83 to check if our risk estimates are consistent with your expectations.
On a scale of 0 to 100, Envela Corp holds a performance score of 14. The firm shows a Beta (market volatility) of 1.358, which means a somewhat significant risk relative to the market. Let's try to break down what Envela'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, Envela Corp will likely underperform. Although it is vital to follow Envela Corp 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. We have found twenty-eight technical indicators for Envela Corp, which you can use to evaluate the performance of the firm. Please utilizes Envela Corp downside variance, kurtosis, and the relationship between the value at risk and expected short fall to make a quick decision on whether Envela Corp price patterns will revert.

Auto-correlation

    
  0.24  

Weak predictability

Envela Corp has weak predictability. Overlapping area represents the amount of predictability between Envela Corp time series from 16th of June 2022 to 16th of July 2022 and 16th of July 2022 to 15th of August 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 Envela Corp price movement. The serial correlation of 0.24 indicates that over 24.0% of current Envela Corp price fluctuation can be explain by its past prices.
Correlation Coefficient0.24
Spearman Rank Test0.53
Residual Average0.0
Price Variance0.27

Envela Corp lagged returns against current returns

Autocorrelation, which is Envela Corp 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 Envela Corp's stock expected returns. We can calculate the autocorrelation of Envela Corp returns to help us make a trade decision. For example, suppose you find that Envela Corp 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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       Timeline  

Envela Corp 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 Envela Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Envela Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Envela Corp stock over time.
   Current vs Lagged Prices   
Share
       Timeline  

Envela Corp Lagged Returns

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

Envela Corp Investors Sentiment

The influence of Envela Corp'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 Envela. 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.

Envela Corp Implied Volatility

    
  29.29  
Envela Corp's implied volatility exposes the market's sentiment of Envela Corp stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Envela Corp's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Envela Corp stock will not fluctuate a lot when Envela Corp's options are near their expiration.
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 Envela Corp 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, Envela Corp's short interest history, or implied volatility extrapolated from Envela Corp options trading.

Pair Trading with Envela Corp

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 Envela Corp 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 Envela Corp will appreciate offsetting losses from the drop in the long position's value.

Moving together with Envela Corp

0.89AZOAutozone Fiscal Year End 20th of September 2022 PairCorr

Moving against Envela Corp

0.87BBIGVinco Ventures Earnings Call  This WeekPairCorr
0.86KIRKKirklands Normal TradingPairCorr
0.63BBWIBath Body Works Earnings Call  This WeekPairCorr
0.57BBWBuild-A-Bear Workshop Earnings Call  Next WeekPairCorr
The ability to find closely correlated positions to Envela Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Envela Corp 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 Envela Corp - 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 Envela Corp to buy it.
The correlation of Envela Corp 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 Envela Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Envela Corp 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 Envela Corp 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
Continue to Envela Corp Hype Analysis, Envela Corp Correlation, Envela Corp Valuation, Envela Corp Volatility, as well as analyze Envela Corp Alpha and Beta and Envela Corp Performance. Note that the Envela Corp information on this page should be used as a complementary analysis to other Envela Corp's 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 Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.

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When running Envela Corp price analysis, check to measure Envela Corp'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 Envela Corp is operating at the current time. Most of Envela Corp's value examination focuses on studying past and present price action to predict the probability of Envela Corp's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Envela Corp's price. Additionally, you may evaluate how the addition of Envela Corp to your portfolios can decrease your overall portfolio volatility.
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Envela Corp 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 Envela Corp technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Envela Corp 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...