Enzo Biochem Stock Market Value
| ENZ Stock | USD 0.71 0.02 3.05% |
| Symbol | Enzo |
Is Health Care Providers & Services 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 Enzo Biochem. If investors know Enzo 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 Enzo Biochem listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.15) | Revenue Per Share 0.627 | Quarterly Revenue Growth 0.072 | Return On Assets (0.07) | Return On Equity (0.15) |
The market value of Enzo Biochem is measured differently than its book value, which is the value of Enzo that is recorded on the company's balance sheet. Investors also form their own opinion of Enzo Biochem's value that differs from its market value or its book value, called intrinsic value, which is Enzo Biochem'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 Enzo Biochem's market value can be influenced by many factors that don't directly affect Enzo Biochem'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 Enzo Biochem's value and its price as these two are different measures arrived at by different means. Investors typically determine if Enzo Biochem is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Enzo Biochem'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.
Enzo Biochem '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 Enzo Biochem'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 Enzo Biochem.
| 11/26/2024 |
| 12/26/2024 |
If you would invest 0.00 in Enzo Biochem on November 26, 2024 and sell it all today you would earn a total of 0.00 from holding Enzo Biochem or generate 0.0% return on investment in Enzo Biochem over 30 days. Enzo Biochem is related to or competes with Definitive Healthcare, Edwards Lifesciences, Outset Medical, Doximity, Veeva Systems, and Venus Concept. Enzo Biochem, Inc., an integrated diagnostics, clinical lab, and life sciences company, researches, develops, manufactur... More
Enzo Biochem 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 Enzo Biochem'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 Enzo Biochem upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 36.82 | |||
| Value At Risk | (2.63) | |||
| Potential Upside | 2.97 |
Enzo Biochem Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Enzo Biochem's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Enzo Biochem's standard deviation. In reality, there are many statistical measures that can use Enzo Biochem historical prices to predict the future Enzo Biochem's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.49) | |||
| Total Risk Alpha | (0.65) | |||
| Treynor Ratio | (0.58) |
Enzo Biochem Backtested Returns
Enzo Biochem secures Sharpe Ratio (or Efficiency) of -0.11, which denotes the company had a -0.11% return per unit of risk over the last 3 months. Enzo Biochem exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Enzo Biochem's Variance of 17.98, standard deviation of 4.24, and Mean Deviation of 1.86 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.81, which means possible diversification benefits within a given portfolio. As returns on the market increase, Enzo Biochem's returns are expected to increase less than the market. However, during the bear market, the loss of holding Enzo Biochem is expected to be smaller as well. At this point, Enzo Biochem has a negative expected return of -0.48%. Please make sure to confirm Enzo Biochem's value at risk and rate of daily change , to decide if Enzo Biochem performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.08 |
Virtually no predictability
Enzo Biochem has virtually no predictability. Overlapping area represents the amount of predictability between Enzo Biochem time series from 26th of November 2024 to 11th of December 2024 and 11th of December 2024 to 26th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Enzo Biochem price movement. The serial correlation of 0.08 indicates that barely 8.0% of current Enzo Biochem price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.08 | |
| Spearman Rank Test | 0.56 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Enzo Biochem lagged returns against current returns
Autocorrelation, which is Enzo Biochem 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 Enzo Biochem's stock expected returns. We can calculate the autocorrelation of Enzo Biochem returns to help us make a trade decision. For example, suppose you find that Enzo Biochem 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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Enzo Biochem 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 Enzo Biochem stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Enzo Biochem stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Enzo Biochem stock over time.
Current vs Lagged Prices |
| Timeline |
Enzo Biochem Lagged Returns
When evaluating Enzo Biochem's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Enzo Biochem stock have on its future price. Enzo Biochem 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, Enzo Biochem autocorrelation shows the relationship between Enzo Biochem stock current value and its past values and can show if there is a momentum factor associated with investing in Enzo Biochem.
Regressed Prices |
| Timeline |
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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.Additional Tools for Enzo Stock Analysis
When running Enzo Biochem's price analysis, check to measure Enzo Biochem'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 Enzo Biochem is operating at the current time. Most of Enzo Biochem's value examination focuses on studying past and present price action to predict the probability of Enzo Biochem's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Enzo Biochem's price. Additionally, you may evaluate how the addition of Enzo Biochem to your portfolios can decrease your overall portfolio volatility.