Everus Construction Group Stock Market Value
| ECG Stock | 48.14 1.40 2.83% |
| Symbol | Everus |
Is Construction 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 Everus Construction. If investors know Everus 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 Everus Construction listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Everus Construction is measured differently than its book value, which is the value of Everus that is recorded on the company's balance sheet. Investors also form their own opinion of Everus Construction's value that differs from its market value or its book value, called intrinsic value, which is Everus Construction'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 Everus Construction's market value can be influenced by many factors that don't directly affect Everus Construction'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 Everus Construction's value and its price as these two are different measures arrived at by different means. Investors typically determine if Everus Construction is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Everus Construction'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.
Everus Construction '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 Everus Construction'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 Everus Construction.
| 01/18/2025 |
| 02/17/2025 |
If you would invest 0.00 in Everus Construction on January 18, 2025 and sell it all today you would earn a total of 0.00 from holding Everus Construction Group or generate 0.0% return on investment in Everus Construction over 30 days. Everus Construction is related to or competes with Gladstone Investment, Western Asset, Westshore Terminals, MGIC Investment, Alternative Investment, Apartment Investment, and Pintec Technology. More
Everus Construction 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 Everus Construction'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 Everus Construction Group upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 25.16 | |||
| Value At Risk | (5.69) | |||
| Potential Upside | 5.27 |
Everus Construction Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Everus Construction's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Everus Construction's standard deviation. In reality, there are many statistical measures that can use Everus Construction historical prices to predict the future Everus Construction's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.31) | |||
| Total Risk Alpha | (0.32) | |||
| Treynor Ratio | (0.69) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Everus Construction'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.
Everus Construction Backtested Returns
Everus Construction secures Sharpe Ratio (or Efficiency) of -0.0706, which denotes the company had a -0.0706 % return per unit of risk over the last 3 months. Everus Construction Group exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Everus Construction's Standard Deviation of 4.29, mean deviation of 3.04, and Variance of 18.39 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.45, which means possible diversification benefits within a given portfolio. As returns on the market increase, Everus Construction's returns are expected to increase less than the market. However, during the bear market, the loss of holding Everus Construction is expected to be smaller as well. At this point, Everus Construction has a negative expected return of -0.3%. Please make sure to confirm Everus Construction's skewness, day typical price, and the relationship between the maximum drawdown and daily balance of power , to decide if Everus Construction performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.43 |
Average predictability
Everus Construction Group has average predictability. Overlapping area represents the amount of predictability between Everus Construction time series from 18th of January 2025 to 2nd of February 2025 and 2nd of February 2025 to 17th of February 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Everus Construction price movement. The serial correlation of 0.43 indicates that just about 43.0% of current Everus Construction price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.43 | |
| Spearman Rank Test | 0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 70.85 |
Everus Construction lagged returns against current returns
Autocorrelation, which is Everus Construction 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 Everus Construction's stock expected returns. We can calculate the autocorrelation of Everus Construction returns to help us make a trade decision. For example, suppose you find that Everus Construction 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 price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Everus Construction 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 Everus Construction stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Everus Construction stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Everus Construction stock over time.
Current vs Lagged Prices |
| Timeline |
Everus Construction Lagged Returns
When evaluating Everus Construction's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Everus Construction stock have on its future price. Everus Construction 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, Everus Construction autocorrelation shows the relationship between Everus Construction stock current value and its past values and can show if there is a momentum factor associated with investing in Everus Construction Group.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether Everus Construction is a strong investment it is important to analyze Everus Construction's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Everus Construction's future performance. For an informed investment choice regarding Everus Stock, refer to the following important reports:Check out Everus Construction Correlation, Everus Construction Volatility and Everus Construction Alpha and Beta module to complement your research on Everus Construction. You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
Everus Construction 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.