Enviri Stock Market Value
| NVRI Stock | 7.62 0.07 0.91% |
| Symbol | Enviri |
Enviri 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 Enviri. If investors know Enviri 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 Enviri 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 (0.71) | Earnings Share (0.73) | Revenue Per Share 26.07 | Quarterly Revenue Growth (0.04) | Return On Assets 0.0227 |
The market value of Enviri is measured differently than its book value, which is the value of Enviri that is recorded on the company's balance sheet. Investors also form their own opinion of Enviri's value that differs from its market value or its book value, called intrinsic value, which is Enviri'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 Enviri's market value can be influenced by many factors that don't directly affect Enviri'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 Enviri's value and its price as these two are different measures arrived at by different means. Investors typically determine if Enviri is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Enviri'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.
Enviri '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 Enviri'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 Enviri.
| 11/11/2024 |
| 12/11/2024 |
If you would invest 0.00 in Enviri on November 11, 2024 and sell it all today you would earn a total of 0.00 from holding Enviri or generate 0.0% return on investment in Enviri over 30 days. Enviri is related to or competes with Avalon Holdings, Greenwave Technology, Perma Fix, Quest Resource, and Aqua Metals. Enviri is entity of United States. It is traded as Stock on NYSE exchange. More
Enviri 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 Enviri'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 Enviri upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 30.7 | |||
| Value At Risk | (4.97) | |||
| Potential Upside | 4.07 |
Enviri Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Enviri's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Enviri's standard deviation. In reality, there are many statistical measures that can use Enviri historical prices to predict the future Enviri's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.63) | |||
| Total Risk Alpha | (0.92) | |||
| Treynor Ratio | (0.1) |
Enviri Backtested Returns
Enviri secures Sharpe Ratio (or Efficiency) of -0.0676, which denotes the company had a -0.0676% return per unit of risk over the last 3 months. Enviri exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Enviri's Mean Deviation of 2.25, standard deviation of 3.96, and Variance of 15.67 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 2.94, 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, Enviri will likely underperform. At this point, Enviri has a negative expected return of -0.27%. Please make sure to confirm Enviri's value at risk, daily balance of power, as well as the relationship between the Daily Balance Of Power and period momentum indicator , to decide if Enviri performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.09 |
Virtually no predictability
Enviri has virtually no predictability. Overlapping area represents the amount of predictability between Enviri time series from 11th of November 2024 to 26th of November 2024 and 26th of November 2024 to 11th 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 Enviri price movement. The serial correlation of 0.09 indicates that less than 9.0% of current Enviri price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.09 | |
| Spearman Rank Test | -0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Enviri lagged returns against current returns
Autocorrelation, which is Enviri 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 Enviri's stock expected returns. We can calculate the autocorrelation of Enviri returns to help us make a trade decision. For example, suppose you find that Enviri 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 |
Enviri 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 Enviri stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Enviri stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Enviri stock over time.
Current vs Lagged Prices |
| Timeline |
Enviri Lagged Returns
When evaluating Enviri's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Enviri stock have on its future price. Enviri 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, Enviri autocorrelation shows the relationship between Enviri stock current value and its past values and can show if there is a momentum factor associated with investing in Enviri.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether Enviri offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Enviri'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 Enviri Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Enviri Stock:Check out Enviri Correlation, Enviri Volatility and Enviri Alpha and Beta module to complement your research on Enviri. For more detail on how to invest in Enviri Stock please use our How to Invest in Enviri guide.You can also try the Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.
Enviri 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.