Espey Mfg Electronics Stock Market Value
| ESP Stock | USD 30.02 0.37 1.22% |
| Symbol | Espey |
Espey Mfg Electronics Price To Book Ratio
Is Electrical Components & Equipment 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 Espey Mfg. If investors know Espey 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 Espey Mfg 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 1.015 | Earnings Share 2.46 | Revenue Per Share 15.562 | Quarterly Revenue Growth 0.392 | Return On Assets 0.0786 |
The market value of Espey Mfg Electronics is measured differently than its book value, which is the value of Espey that is recorded on the company's balance sheet. Investors also form their own opinion of Espey Mfg's value that differs from its market value or its book value, called intrinsic value, which is Espey Mfg'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 Espey Mfg's market value can be influenced by many factors that don't directly affect Espey Mfg'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 Espey Mfg's value and its price as these two are different measures arrived at by different means. Investors typically determine if Espey Mfg is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Espey Mfg'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.
Espey Mfg '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 Espey Mfg'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 Espey Mfg.
| 12/09/2022 |
| 11/28/2024 |
If you would invest 0.00 in Espey Mfg on December 9, 2022 and sell it all today you would earn a total of 0.00 from holding Espey Mfg Electronics or generate 0.0% return on investment in Espey Mfg over 720 days. Espey Mfg is related to or competes with Chicago Rivet, Eastern, Servotronics, Evans Bancorp, and AMCON Distributing. Espey Mfg. Electronics Corp., a power electronics design and original equipment manufacturing company, designs, manufact... More
Espey Mfg 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 Espey Mfg'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 Espey Mfg Electronics upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.32 | |||
| Information Ratio | 0.1041 | |||
| Maximum Drawdown | 26.01 | |||
| Value At Risk | (3.29) | |||
| Potential Upside | 4.93 |
Espey Mfg Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Espey Mfg's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Espey Mfg's standard deviation. In reality, there are many statistical measures that can use Espey Mfg historical prices to predict the future Espey Mfg's volatility.| Risk Adjusted Performance | 0.1151 | |||
| Jensen Alpha | 0.4013 | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | 0.1618 | |||
| Treynor Ratio | 0.6282 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Espey Mfg'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.
Espey Mfg Electronics Backtested Returns
Espey Mfg appears to be not too volatile, given 3 months investment horizon. Espey Mfg Electronics secures Sharpe Ratio (or Efficiency) of 0.13, which denotes the company had a 0.13% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Espey Mfg Electronics, which you can use to evaluate the volatility of the firm. Please utilize Espey Mfg's Downside Deviation of 2.32, mean deviation of 2.28, and Coefficient Of Variation of 713.33 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Espey Mfg holds a performance score of 10. The firm shows a Beta (market volatility) of 0.79, which means possible diversification benefits within a given portfolio. As returns on the market increase, Espey Mfg's returns are expected to increase less than the market. However, during the bear market, the loss of holding Espey Mfg is expected to be smaller as well. Please check Espey Mfg's expected short fall, and the relationship between the maximum drawdown and rate of daily change , to make a quick decision on whether Espey Mfg's price patterns will revert.
Auto-correlation | 0.28 |
Poor predictability
Espey Mfg Electronics has poor predictability. Overlapping area represents the amount of predictability between Espey Mfg time series from 9th of December 2022 to 4th of December 2023 and 4th of December 2023 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 Espey Mfg Electronics price movement. The serial correlation of 0.28 indicates that nearly 28.0% of current Espey Mfg price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.28 | |
| Spearman Rank Test | 0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 14.65 |
Espey Mfg Electronics lagged returns against current returns
Autocorrelation, which is Espey Mfg 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 Espey Mfg's stock expected returns. We can calculate the autocorrelation of Espey Mfg returns to help us make a trade decision. For example, suppose you find that Espey Mfg 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 |
Espey Mfg 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 Espey Mfg stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Espey Mfg stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Espey Mfg stock over time.
Current vs Lagged Prices |
| Timeline |
Espey Mfg Lagged Returns
When evaluating Espey Mfg's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Espey Mfg stock have on its future price. Espey Mfg 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, Espey Mfg autocorrelation shows the relationship between Espey Mfg stock current value and its past values and can show if there is a momentum factor associated with investing in Espey Mfg Electronics.
Regressed Prices |
| Timeline |
Pair Trading with Espey Mfg
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Espey Mfg position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Espey Mfg will appreciate offsetting losses from the drop in the long position's value.Moving against Espey Stock
| 0.81 | XPON | Expion360 | PairCorr |
| 0.72 | FCEL | FuelCell Energy Trending | PairCorr |
| 0.49 | GAUZ | Gauzy Ordinary | PairCorr |
| 0.47 | FLUX | Flux Power Holdings | PairCorr |
| 0.45 | EPOW | Sunrise New Energy | PairCorr |
The ability to find closely correlated positions to Espey Mfg could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Espey Mfg when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Espey Mfg - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Espey Mfg Electronics to buy it.
The correlation of Espey Mfg is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Espey Mfg moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Espey Mfg Electronics moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Espey Mfg can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Espey Stock Analysis
When running Espey Mfg's price analysis, check to measure Espey Mfg'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 Espey Mfg is operating at the current time. Most of Espey Mfg's value examination focuses on studying past and present price action to predict the probability of Espey Mfg's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Espey Mfg's price. Additionally, you may evaluate how the addition of Espey Mfg to your portfolios can decrease your overall portfolio volatility.