Envveno Medical Corp Stock Market Value
| NVNO Stock | USD 3.18 0.35 9.92% |
| Symbol | EnVVeno |
Is Health Care Equipment & Supplies 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 EnVVeno Medical. If investors know EnVVeno 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 EnVVeno Medical listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of enVVeno Medical Corp is measured differently than its book value, which is the value of EnVVeno that is recorded on the company's balance sheet. Investors also form their own opinion of EnVVeno Medical's value that differs from its market value or its book value, called intrinsic value, which is EnVVeno Medical'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 EnVVeno Medical's market value can be influenced by many factors that don't directly affect EnVVeno Medical'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 EnVVeno Medical's value and its price as these two are different measures arrived at by different means. Investors typically determine if EnVVeno Medical is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, EnVVeno Medical'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.
EnVVeno Medical '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 EnVVeno Medical'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 EnVVeno Medical.
| 03/12/2023 |
| 03/01/2025 |
If you would invest 0.00 in EnVVeno Medical on March 12, 2023 and sell it all today you would earn a total of 0.00 from holding enVVeno Medical Corp or generate 0.0% return on investment in EnVVeno Medical over 720 days. EnVVeno Medical is related to or competes with Ainos, SurModics, LENSAR, IRIDEX, Rxsight, Axogen, and Treace Medical. enVVeno Medical Corporation, a medical device company, focuses on the development of various bioprosthetic tissue-based ... More
EnVVeno Medical 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 EnVVeno Medical'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 enVVeno Medical Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.21 | |||
| Information Ratio | 0.0245 | |||
| Maximum Drawdown | 23.76 | |||
| Value At Risk | (3.81) | |||
| Potential Upside | 8.51 |
EnVVeno Medical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for EnVVeno Medical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as EnVVeno Medical's standard deviation. In reality, there are many statistical measures that can use EnVVeno Medical historical prices to predict the future EnVVeno Medical's volatility.| Risk Adjusted Performance | 0.024 | |||
| Jensen Alpha | 0.0865 | |||
| Total Risk Alpha | 0.2127 | |||
| Sortino Ratio | 0.0323 | |||
| Treynor Ratio | 0.3171 |
enVVeno Medical Corp Backtested Returns
As of now, EnVVeno Stock is slightly risky. enVVeno Medical Corp secures Sharpe Ratio (or Efficiency) of 0.0214, which denotes the company had a 0.0214 % return per unit of volatility over the last 3 months. We have found thirty technical indicators for enVVeno Medical Corp, which you can use to evaluate the volatility of the firm. Please confirm EnVVeno Medical's risk adjusted performance of 0.024, and Semi Deviation of 3.11 to check if the risk estimate we provide is consistent with the expected return of 0.0906%. EnVVeno Medical has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.25, which means not very significant fluctuations relative to the market. As returns on the market increase, EnVVeno Medical's returns are expected to increase less than the market. However, during the bear market, the loss of holding EnVVeno Medical is expected to be smaller as well. enVVeno Medical Corp right now shows a risk of 4.23%. Please confirm enVVeno Medical Corp downside variance, as well as the relationship between the accumulation distribution and market facilitation index , to decide if enVVeno Medical Corp will be following its price patterns.
Auto-correlation | -0.08 |
Very weak reverse predictability
enVVeno Medical Corp has very weak reverse predictability. Overlapping area represents the amount of predictability between EnVVeno Medical time series from 12th of March 2023 to 6th of March 2024 and 6th of March 2024 to 1st 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 enVVeno Medical Corp price movement. The serial correlation of -0.08 indicates that barely 8.0% of current EnVVeno Medical price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.08 | |
| Spearman Rank Test | -0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 1.08 |
enVVeno Medical Corp lagged returns against current returns
Autocorrelation, which is EnVVeno Medical 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 EnVVeno Medical's stock expected returns. We can calculate the autocorrelation of EnVVeno Medical returns to help us make a trade decision. For example, suppose you find that EnVVeno Medical 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 |
EnVVeno Medical 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 EnVVeno Medical stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if EnVVeno Medical stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in EnVVeno Medical stock over time.
Current vs Lagged Prices |
| Timeline |
EnVVeno Medical Lagged Returns
When evaluating EnVVeno Medical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of EnVVeno Medical stock have on its future price. EnVVeno Medical 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, EnVVeno Medical autocorrelation shows the relationship between EnVVeno Medical stock current value and its past values and can show if there is a momentum factor associated with investing in enVVeno Medical Corp.
Regressed Prices |
| Timeline |
When determining whether enVVeno Medical Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of EnVVeno Medical'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 Envveno Medical Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Envveno Medical Corp Stock:
Check out EnVVeno Medical Correlation, EnVVeno Medical Volatility and EnVVeno Medical Alpha and Beta module to complement your research on EnVVeno Medical. You can also try the Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.
EnVVeno Medical 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.