Electrovaya Common Shares Stock Beta
| ELVA Stock | 2.60 0.13 4.76% |
Electrovaya Common Shares fundamentals help investors to digest information that contributes to Electrovaya Common's financial success or failures. It also enables traders to predict the movement of Electrovaya Stock. The fundamental analysis module provides a way to measure Electrovaya Common's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Electrovaya Common stock.
Electrovaya | Beta |
Electrovaya Common Shares Company Beta Analysis
Electrovaya Common's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current Electrovaya Common Beta | 1.38 |
Most of Electrovaya Common's fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Electrovaya Common Shares is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Electrovaya Beta Driver Correlations
Understanding the fundamental principles of building solid financial models for Electrovaya Common is extremely important. It helps to project a fair market value of Electrovaya Stock properly, considering its historical fundamentals such as Beta. Since Electrovaya Common's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Electrovaya Common's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Electrovaya Common's interrelated accounts and indicators.
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In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
| Competition |
In accordance with the recently published financial statements, Electrovaya Common Shares has a Beta of 1.376. This indicator is about the same for the Electrical Equipment average (which is currently at 1.37) sector and significantly higher than that of the Industrials industry. The beta for all United States stocks is notably lower than that of the firm.
Electrovaya Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Electrovaya Common's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Electrovaya Common could also be used in its relative valuation, which is a method of valuing Electrovaya Common by comparing valuation metrics of similar companies.Electrovaya Common is currently under evaluation in beta category among its peers.
Electrovaya Common Current Valuation Drivers
We derive many important indicators used in calculating different scores of Electrovaya Common from analyzing Electrovaya Common's financial statements. These drivers represent accounts that assess Electrovaya Common's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Electrovaya Common's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 16.0M | 80.2M | 20.8M | 95.7M | 86.2M | 45.1M | |
| Enterprise Value | 28.5M | 91.8M | 43.3M | 113.7M | 102.4M | 107.5M |
As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Electrovaya Common will likely underperform.
Electrovaya Fundamentals
| Return On Equity | 0.087 | |||
| Return On Asset | 0.0318 | |||
| Profit Margin | 0.01 % | |||
| Operating Margin | (0.06) % | |||
| Current Valuation | 107.72 M | |||
| Shares Outstanding | 34.13 M | |||
| Shares Owned By Insiders | 33.80 % | |||
| Shares Owned By Institutions | 8.90 % | |||
| Number Of Shares Shorted | 57.75 K | |||
| Price To Book | 11.65 X | |||
| Price To Sales | 1.79 X | |||
| Revenue | 43.37 M | |||
| Gross Profit | 4.89 M | |||
| EBITDA | 1.06 M | |||
| Net Income | (1.47 M) | |||
| Total Debt | 19.03 M | |||
| Book Value Per Share | 0.22 X | |||
| Cash Flow From Operations | (4.86 M) | |||
| Short Ratio | 1.91 X | |||
| Earnings Per Share | 0.02 X | |||
| Target Price | 7.2 | |||
| Number Of Employees | 97 | |||
| Beta | 1.38 | |||
| Market Capitalization | 88.75 M | |||
| Total Asset | 36.51 M | |||
| Retained Earnings | (130.45 M) | |||
| Working Capital | (705 K) | |||
| Net Asset | 36.51 M |
About Electrovaya Common Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Electrovaya Common Shares's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Electrovaya Common using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Electrovaya Common Shares based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Electrovaya Common Shares offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Electrovaya Common'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 Electrovaya Common Shares Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Electrovaya Common Shares Stock:Check out Electrovaya Common Piotroski F Score and Electrovaya Common Altman Z Score analysis. You can also try the Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.
Is Electrical Components & Equipment space 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 Electrovaya Common. If investors know Electrovaya 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 Electrovaya Common listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share 0.02 | Revenue Per Share 1.433 | Quarterly Revenue Growth (0.03) | Return On Assets 0.0318 | Return On Equity 0.087 |
The market value of Electrovaya Common Shares is measured differently than its book value, which is the value of Electrovaya that is recorded on the company's balance sheet. Investors also form their own opinion of Electrovaya Common's value that differs from its market value or its book value, called intrinsic value, which is Electrovaya Common'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 Electrovaya Common's market value can be influenced by many factors that don't directly affect Electrovaya Common'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 Electrovaya Common's value and its price as these two are different measures arrived at by different means. Investors typically determine if Electrovaya Common is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Electrovaya Common'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.