Esab Corp Stock Market Value
| ESAB Stock | USD 122.12 1.76 1.42% |
| Symbol | ESAB |
ESAB Corp Price To Book Ratio
Is Industrial Machinery & Supplies & Components 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 ESAB Corp. If investors know ESAB 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 ESAB 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 0.179 | Dividend Share 0.28 | Earnings Share 4.45 | Revenue Per Share 45.704 | Quarterly Revenue Growth (0.01) |
The market value of ESAB Corp is measured differently than its book value, which is the value of ESAB that is recorded on the company's balance sheet. Investors also form their own opinion of ESAB Corp's value that differs from its market value or its book value, called intrinsic value, which is ESAB 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 ESAB Corp's market value can be influenced by many factors that don't directly affect ESAB 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 ESAB Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if ESAB Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ESAB 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.
ESAB 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 ESAB 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 ESAB Corp.
| 11/20/2024 |
| 12/20/2024 |
If you would invest 0.00 in ESAB Corp on November 20, 2024 and sell it all today you would earn a total of 0.00 from holding ESAB Corp or generate 0.0% return on investment in ESAB Corp over 30 days. ESAB Corp is related to or competes with CompoSecure, Dave Warrants, Evolv Technologies, Morningstar Unconstrained, Thrivent High, Via Renewables, and T Rowe. ESAB Corporation engages in formulation, development, manufacture, and supply of consumable products and equipment for u... More
ESAB 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 ESAB 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 ESAB Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.39 | |||
| Information Ratio | 0.1092 | |||
| Maximum Drawdown | 17.01 | |||
| Value At Risk | (2.26) | |||
| Potential Upside | 3.42 |
ESAB Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ESAB Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ESAB Corp's standard deviation. In reality, there are many statistical measures that can use ESAB Corp historical prices to predict the future ESAB Corp's volatility.| Risk Adjusted Performance | 0.105 | |||
| Jensen Alpha | 0.2346 | |||
| Total Risk Alpha | 0.2027 | |||
| Sortino Ratio | 0.1763 | |||
| Treynor Ratio | 0.1828 |
ESAB Corp Backtested Returns
ESAB Corp appears to be very steady, given 3 months investment horizon. ESAB Corp retains Efficiency (Sharpe Ratio) of 0.11, which denotes the company had a 0.11% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for ESAB Corp, which you can use to evaluate the volatility of the firm. Please utilize ESAB Corp's Coefficient Of Variation of 806.15, downside deviation of 1.39, and Market Risk Adjusted Performance of 0.1928 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, ESAB Corp holds a performance score of 8. The firm owns a Beta (Systematic Risk) of 1.47, which means a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, ESAB Corp will likely underperform. Please check ESAB Corp's information ratio, treynor ratio, and the relationship between the downside deviation and total risk alpha , to make a quick decision on whether ESAB Corp's current price history will revert.
Auto-correlation | -0.43 |
Modest reverse predictability
ESAB Corp has modest reverse predictability. Overlapping area represents the amount of predictability between ESAB Corp time series from 20th of November 2024 to 5th of December 2024 and 5th of December 2024 to 20th 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 ESAB Corp price movement. The serial correlation of -0.43 indicates that just about 43.0% of current ESAB Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.43 | |
| Spearman Rank Test | -0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 6.44 |
ESAB Corp lagged returns against current returns
Autocorrelation, which is ESAB 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 ESAB Corp's stock expected returns. We can calculate the autocorrelation of ESAB Corp returns to help us make a trade decision. For example, suppose you find that ESAB 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 |
| Timeline |
ESAB 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 ESAB Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ESAB Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ESAB Corp stock over time.
Current vs Lagged Prices |
| Timeline |
ESAB Corp Lagged Returns
When evaluating ESAB Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ESAB Corp stock have on its future price. ESAB 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, ESAB Corp autocorrelation shows the relationship between ESAB Corp stock current value and its past values and can show if there is a momentum factor associated with investing in ESAB Corp.
Regressed Prices |
| Timeline |
Also Currently Popular
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 ESAB Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of ESAB Corp'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 Esab Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Esab Corp Stock:Check out ESAB Corp Correlation, ESAB Corp Volatility and ESAB Corp Alpha and Beta module to complement your research on ESAB Corp. For information on how to trade ESAB Stock refer to our How to Trade ESAB Stock guide.You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
ESAB Corp 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.