Essent Group Stock Market Value
| ESNT Stock | USD 57.74 0.01 0.02% |
| Symbol | Essent |
Essent Group Price To Book Ratio
Is Commercial & Residential Mortgage Finance 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 Essent. If investors know Essent 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 Essent 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 (0.01) | Dividend Share 1.09 | Earnings Share 6.9 | Revenue Per Share 11.217 | Quarterly Revenue Growth 0.085 |
The market value of Essent Group is measured differently than its book value, which is the value of Essent that is recorded on the company's balance sheet. Investors also form their own opinion of Essent's value that differs from its market value or its book value, called intrinsic value, which is Essent'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 Essent's market value can be influenced by many factors that don't directly affect Essent'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 Essent's value and its price as these two are different measures arrived at by different means. Investors typically determine if Essent is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Essent'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.
Essent '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 Essent'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 Essent.
| 09/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Essent on September 29, 2024 and sell it all today you would earn a total of 0.00 from holding Essent Group or generate 0.0% return on investment in Essent over 60 days. Essent is related to or competes with Radian, NMI Holdings, MBIA, James River, MGIC Investment, Employers Holdings, and ICC Holdings. Essent Group Ltd., through its subsidiaries, provides private mortgage insurance and reinsurance for mortgages secured b... More
Essent 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 Essent'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 Essent Group upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 13.14 | |||
| Value At Risk | (2.14) | |||
| Potential Upside | 1.88 |
Essent Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Essent's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Essent's standard deviation. In reality, there are many statistical measures that can use Essent historical prices to predict the future Essent's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.23) | |||
| Total Risk Alpha | (0.40) | |||
| Treynor Ratio | (0.13) |
Essent Group Backtested Returns
Essent Group secures Sharpe Ratio (or Efficiency) of -0.0823, which denotes the company had a -0.0823% return per unit of risk over the last 3 months. Essent Group exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Essent's Mean Deviation of 1.13, variance of 3.34, and Standard Deviation of 1.83 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.91, which means possible diversification benefits within a given portfolio. Essent returns are very sensitive to returns on the market. As the market goes up or down, Essent is expected to follow. At this point, Essent Group has a negative expected return of -0.15%. Please make sure to confirm Essent's treynor ratio, accumulation distribution, as well as the relationship between the Accumulation Distribution and price action indicator , to decide if Essent Group performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.04 |
Very weak reverse predictability
Essent Group has very weak reverse predictability. Overlapping area represents the amount of predictability between Essent time series from 29th of September 2024 to 29th of October 2024 and 29th of October 2024 to 28th of November 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 Essent Group price movement. The serial correlation of -0.04 indicates that only as little as 4.0% of current Essent price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.04 | |
| Spearman Rank Test | -0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 3.9 |
Essent Group lagged returns against current returns
Autocorrelation, which is Essent 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 Essent's stock expected returns. We can calculate the autocorrelation of Essent returns to help us make a trade decision. For example, suppose you find that Essent 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 |
Essent 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 Essent stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Essent stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Essent stock over time.
Current vs Lagged Prices |
| Timeline |
Essent Lagged Returns
When evaluating Essent's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Essent stock have on its future price. Essent 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, Essent autocorrelation shows the relationship between Essent stock current value and its past values and can show if there is a momentum factor associated with investing in Essent Group.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Essent Stock Analysis
When running Essent's price analysis, check to measure Essent'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 Essent is operating at the current time. Most of Essent's value examination focuses on studying past and present price action to predict the probability of Essent's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Essent's price. Additionally, you may evaluate how the addition of Essent to your portfolios can decrease your overall portfolio volatility.