EZGO Technologies Stock Market Value

EZGO
 Stock
  

USD 0.40  0.0171  4.07%   

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


Is EZGO Technologies' 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 EZGO Technologies. If investors know EZGO Technologies 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 EZGO Technologies 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
0.771
Market Capitalization
10.1 M
Quarterly Revenue Growth YOY
(0.34) 
Return On Assets
(0.1) 
Return On Equity
(0.21) 
The market value of EZGO Technologies is measured differently than its book value, which is the value of EZGO Technologies that is recorded on the company's balance sheet. Investors also form their own opinion of EZGO Technologies' value that differs from its market value or its book value, called intrinsic value, which is EZGO Technologies' 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 EZGO Technologies' market value can be influenced by many factors that don't directly affect EZGO Technologies' 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 EZGO Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine EZGO Technologies value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, EZGO Technologies' 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.

EZGO Technologies '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 EZGO Technologies' 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 EZGO Technologies.
0.00
12/19/2020
No Change 0.00  0.0 
In 1 year 11 months and 22 days
12/09/2022
0.00
If you would invest  0.00  in EZGO Technologies on December 19, 2020 and sell it all today you would earn a total of 0.00 from holding EZGO Technologies or generate 0.0% return on investment in EZGO Technologies over 720 days. EZGO Technologies is related to or competes with Harley Davidson, Polaris Industries, BRP, Brunswick, Thor Industries, Onewater Marine, and Sonic Automotive. EZGO Technologies Ltd., through its subsidiaries, engages in the design, manufacture, rental, and sale of e-bicycles and... More

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

EZGO Technologies Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for EZGO Technologies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as EZGO Technologies' standard deviation. In reality, there are many statistical measures that can use EZGO Technologies historical prices to predict the future EZGO Technologies' volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of EZGO Technologies' 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 EZGO Technologies in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
0.020.434.88
Details
Intrinsic
Valuation
LowReal ValueHigh
0.020.374.82
Details
Naive
Forecast
LowNext ValueHigh
0.0087060.444.89
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
0.370.400.43
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as EZGO Technologies. Your research has to be compared to or analyzed against EZGO Technologies' peers to derive any actionable benefits. When done correctly, EZGO Technologies' 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 EZGO Technologies.

EZGO Technologies Backtested Returns

EZGO Technologies secures Sharpe Ratio (or Efficiency) of -0.094, which denotes the company had -0.094% of return per unit of return volatility over the last 3 months. Macroaxis viewpoint regarding predicting the risk of any stock is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. EZGO Technologies exposes twenty-eight different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm EZGO Technologies mean deviation of 3.33 to check the risk estimate we provide.
The firm shows a Beta (market volatility) of 0.0876, which means not very significant fluctuations relative to the market. Let's try to break down what EZGO Technologies's beta means in this case. As returns on the market increase, EZGO Technologies returns are expected to increase less than the market. However, during the bear market, the loss on holding EZGO Technologies will be expected to be smaller as well. Even though it is essential to pay attention to EZGO Technologies historical returns, it is always good to be careful when utilizing equity current trending patterns. Our way of predicting any stock's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. EZGO Technologies exposes twenty-eight different technical indicators, which can help you to evaluate its performance. EZGO Technologies has an expected return of -0.42%. Please be advised to confirm EZGO Technologies jensen alpha and the relationship between the value at risk and day median price to decide if EZGO Technologies performance from the past will be repeated at future time.

Auto-correlation

    
  0.87  

Very good predictability

EZGO Technologies has very good predictability. Overlapping area represents the amount of predictability between EZGO Technologies time series from 19th of December 2020 to 14th of December 2021 and 14th of December 2021 to 9th 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 EZGO Technologies price movement. The serial correlation of 0.87 indicates that approximately 87.0% of current EZGO Technologies price fluctuation can be explain by its past prices.
Correlation Coefficient0.87
Spearman Rank Test0.93
Residual Average0.0
Price Variance0.11

EZGO Technologies lagged returns against current returns

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

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

EZGO Technologies Lagged Returns

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

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 EZGO Technologies 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, EZGO Technologies' short interest history, or implied volatility extrapolated from EZGO Technologies options trading.

Pair Trading with EZGO Technologies

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 EZGO Technologies 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 EZGO Technologies will appreciate offsetting losses from the drop in the long position's value.

Moving together with EZGO Technologies

+0.78FFHLFuwei Films Holdings Earnings Call This WeekPairCorr

Moving against EZGO Technologies

-0.52DRIDarden Restaurants Earnings Call This WeekPairCorr
The ability to find closely correlated positions to EZGO Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace EZGO Technologies 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 EZGO Technologies - 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 EZGO Technologies to buy it.
The correlation of EZGO Technologies 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 EZGO Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if EZGO 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 EZGO Technologies 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 EZGO Technologies Correlation, EZGO Technologies Volatility and EZGO Technologies Alpha and Beta module to complement your research on EZGO Technologies. Note that the EZGO Technologies information on this page should be used as a complementary analysis to other EZGO Technologies' 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 EZGO Technologies price analysis, check to measure EZGO Technologies' 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 EZGO Technologies is operating at the current time. Most of EZGO Technologies' value examination focuses on studying past and present price action to predict the probability of EZGO Technologies' future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move EZGO Technologies' price. Additionally, you may evaluate how the addition of EZGO Technologies to your portfolios can decrease your overall portfolio volatility.
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EZGO Technologies 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 EZGO Technologies technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of EZGO Technologies 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...