Envela Stock Market Value

ELA
 Stock
  

USD 6.98  0.12  1.69%   

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
Backtest


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
0.41
Market Capitalization
187.9 M
Quarterly Revenue Growth YOY
0.86
Return On Assets
0.13
Return On Equity
0.43
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
06/07/2022
No Change 0.00  0.0 
In 30 days
07/07/2022
0.00
If you would invest  0.00  in Envela Corp on June 7, 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 30 days. Envela Corp is related to or competes with Autozone, Best Buy, ATT, American Express, Pfizer, HP, and Coca Cola. 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
2.966.9911.02
Details
Intrinsic
Valuation
LowReal ValueHigh
4.188.2112.24
Details
Naive
Forecast
LowNext ValueHigh
3.057.0911.12
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 0.18, which denotes the company had 0.18% 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 0.74% is justified by implied risk. Please utilize Envela Corp's Downside Deviation of 3.77, coefficient of variation of 569.41, and Mean Deviation of 3.15 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 13. The firm shows a Beta (market volatility) of 1.2317, 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-one technical indicators for Envela Corp, which you can use to evaluate the performance of the firm. Please utilizes Envela Corp treynor ratio, downside variance, kurtosis, as well as 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 reverse predictability

Envela Corp has weak reverse predictability. Overlapping area represents the amount of predictability between Envela Corp time series from 7th of June 2022 to 22nd of June 2022 and 22nd of June 2022 to 7th of July 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 Coefficient-0.24
Spearman Rank Test-0.35
Residual Average0.0
Price Variance0.07

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 
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      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 
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      Timeline 

Be your own money manager

Our tools can tell you how much better you can do entering a position in Envela Corp without increasing your portfolio risk or giving up expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate.risk-adjusted returns of your individual positions relative to your overall portfolio.

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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.

Envela Corp Pair Correlation

Correlation Analysis For Direct Indexing and Tax-loss Harvesting

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 Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.

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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...