Enovis Corp Stock Market Value
| ENOV Stock | USD 36.38 0.47 1.28% |
| Symbol | Enovis |
Enovis Corp Price To Book Ratio
Is Health Care Equipment & Supplies 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 Enovis Corp. If investors know Enovis 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 Enovis 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 1.531 | Earnings Share (14.98) | Revenue Per Share | Quarterly Revenue Growth 0.233 | Return On Assets |
The market value of Enovis Corp is measured differently than its book value, which is the value of Enovis that is recorded on the company's balance sheet. Investors also form their own opinion of Enovis Corp's value that differs from its market value or its book value, called intrinsic value, which is Enovis 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 Enovis Corp's market value can be influenced by many factors that don't directly affect Enovis 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 Enovis Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Enovis Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Enovis 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.
Enovis 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 Enovis 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 Enovis Corp.
| 12/12/2024 |
| 03/12/2025 |
If you would invest 0.00 in Enovis Corp on December 12, 2024 and sell it all today you would earn a total of 0.00 from holding Enovis Corp or generate 0.0% return on investment in Enovis Corp over 90 days. Enovis Corp is related to or competes with Helios Technologies, Enpro Industries, Omega Flex, Luxfer Holdings, Hurco Companies, IDEX, and Watts Water. Enovis Corporation operates as a medical technology company worldwide More
Enovis 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 Enovis 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 Enovis Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 8.82 | |||
| Value At Risk | (4.99) | |||
| Potential Upside | 2.7 |
Enovis Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Enovis Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Enovis Corp's standard deviation. In reality, there are many statistical measures that can use Enovis Corp historical prices to predict the future Enovis Corp's volatility.| Risk Adjusted Performance | (0.15) | |||
| Jensen Alpha | (0.27) | |||
| Total Risk Alpha | (0.08) | |||
| Treynor Ratio | (0.37) |
Enovis Corp Backtested Returns
Enovis Corp secures Sharpe Ratio (or Efficiency) of -0.17, which denotes the company had a -0.17 % return per unit of risk over the last 3 months. Enovis Corp exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Enovis Corp's Standard Deviation of 2.15, variance of 4.61, and Mean Deviation of 1.69 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.12, which means a somewhat significant risk relative to the market. Enovis Corp returns are very sensitive to returns on the market. As the market goes up or down, Enovis Corp is expected to follow. At this point, Enovis Corp has a negative expected return of -0.38%. Please make sure to confirm Enovis Corp's information ratio, skewness, as well as the relationship between the Skewness and day typical price , to decide if Enovis Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.62 |
Very good reverse predictability
Enovis Corp has very good reverse predictability. Overlapping area represents the amount of predictability between Enovis Corp time series from 12th of December 2024 to 26th of January 2025 and 26th of January 2025 to 12th of March 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 Enovis Corp price movement. The serial correlation of -0.62 indicates that roughly 62.0% of current Enovis Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.62 | |
| Spearman Rank Test | -0.51 | |
| Residual Average | 0.0 | |
| Price Variance | 12.3 |
Enovis Corp lagged returns against current returns
Autocorrelation, which is Enovis 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 Enovis Corp's stock expected returns. We can calculate the autocorrelation of Enovis Corp returns to help us make a trade decision. For example, suppose you find that Enovis Corp 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 |
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Enovis 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 Enovis Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Enovis Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Enovis Corp stock over time.
Current vs Lagged Prices |
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Enovis Corp Lagged Returns
When evaluating Enovis Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Enovis Corp stock have on its future price. Enovis 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, Enovis Corp autocorrelation shows the relationship between Enovis Corp stock current value and its past values and can show if there is a momentum factor associated with investing in Enovis Corp.
Regressed Prices |
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Additional Tools for Enovis Stock Analysis
When running Enovis Corp's price analysis, check to measure Enovis 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 Enovis Corp is operating at the current time. Most of Enovis Corp's value examination focuses on studying past and present price action to predict the probability of Enovis Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Enovis Corp's price. Additionally, you may evaluate how the addition of Enovis Corp to your portfolios can decrease your overall portfolio volatility.