Envirotech Vehicles Stock Market Value
| EVTV Stock | USD 0.26 0.01 4.00% |
| Symbol | Envirotech |
Envirotech Vehicles Price To Book Ratio
Is Automotive Parts & 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 Envirotech Vehicles. If investors know Envirotech 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 Envirotech Vehicles listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.62) | Revenue Per Share | Quarterly Revenue Growth (0.62) | Return On Assets | Return On Equity |
The market value of Envirotech Vehicles is measured differently than its book value, which is the value of Envirotech that is recorded on the company's balance sheet. Investors also form their own opinion of Envirotech Vehicles' value that differs from its market value or its book value, called intrinsic value, which is Envirotech Vehicles' 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 Envirotech Vehicles' market value can be influenced by many factors that don't directly affect Envirotech Vehicles' 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 Envirotech Vehicles' value and its price as these two are different measures arrived at by different means. Investors typically determine if Envirotech Vehicles is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Envirotech Vehicles' 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.
Envirotech Vehicles '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 Envirotech Vehicles' 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 Envirotech Vehicles.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in Envirotech Vehicles on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding Envirotech Vehicles or generate 0.0% return on investment in Envirotech Vehicles over 90 days. Envirotech Vehicles is related to or competes with Phoenix, Volcon, and Worksport. Envirotech Vehicles, Inc. provides zero-emission electric vehicles in the United States More
Envirotech Vehicles 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 Envirotech Vehicles' 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 Envirotech Vehicles upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.23) | |||
| Maximum Drawdown | 65.31 | |||
| Value At Risk | (13.33) | |||
| Potential Upside | 7.41 |
Envirotech Vehicles Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Envirotech Vehicles' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Envirotech Vehicles' standard deviation. In reality, there are many statistical measures that can use Envirotech Vehicles historical prices to predict the future Envirotech Vehicles' volatility.| Risk Adjusted Performance | (0.20) | |||
| Jensen Alpha | (2.25) | |||
| Total Risk Alpha | (1.06) | |||
| Treynor Ratio | 2.61 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Envirotech Vehicles' 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.
Envirotech Vehicles Backtested Returns
Envirotech Vehicles secures Sharpe Ratio (or Efficiency) of -0.24, which denotes the company had a -0.24 % return per unit of risk over the last 3 months. Envirotech Vehicles exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Envirotech Vehicles' Variance of 76.77, standard deviation of 8.76, and Mean Deviation of 5.13 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.83, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Envirotech Vehicles are expected to decrease at a much lower rate. During the bear market, Envirotech Vehicles is likely to outperform the market. At this point, Envirotech Vehicles has a negative expected return of -2.18%. Please make sure to confirm Envirotech Vehicles' maximum drawdown, daily balance of power, as well as the relationship between the Daily Balance Of Power and period momentum indicator , to decide if Envirotech Vehicles performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.90 |
Excellent predictability
Envirotech Vehicles has excellent predictability. Overlapping area represents the amount of predictability between Envirotech Vehicles time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th 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 Envirotech Vehicles price movement. The serial correlation of 0.9 indicates that approximately 90.0% of current Envirotech Vehicles price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.9 | |
| Spearman Rank Test | 0.71 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Envirotech Vehicles lagged returns against current returns
Autocorrelation, which is Envirotech Vehicles 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 Envirotech Vehicles' stock expected returns. We can calculate the autocorrelation of Envirotech Vehicles returns to help us make a trade decision. For example, suppose you find that Envirotech Vehicles 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 |
Envirotech Vehicles 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 Envirotech Vehicles stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Envirotech Vehicles stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Envirotech Vehicles stock over time.
Current vs Lagged Prices |
| Timeline |
Envirotech Vehicles Lagged Returns
When evaluating Envirotech Vehicles' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Envirotech Vehicles stock have on its future price. Envirotech Vehicles 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, Envirotech Vehicles autocorrelation shows the relationship between Envirotech Vehicles stock current value and its past values and can show if there is a momentum factor associated with investing in Envirotech Vehicles.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Envirotech Stock Analysis
When running Envirotech Vehicles' price analysis, check to measure Envirotech Vehicles' 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 Envirotech Vehicles is operating at the current time. Most of Envirotech Vehicles' value examination focuses on studying past and present price action to predict the probability of Envirotech Vehicles' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Envirotech Vehicles' price. Additionally, you may evaluate how the addition of Envirotech Vehicles to your portfolios can decrease your overall portfolio volatility.