Erayak Power Solution Stock Market Value
| RAYA Stock | 1.20 0.02 1.69% |
| Symbol | Erayak |
Erayak Power Solution 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 Erayak Power. If investors know Erayak 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 Erayak Power 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 (0.55) | Earnings Share (0.01) | Revenue Per Share 1.695 | Quarterly Revenue Growth 0.264 | Return On Assets (0.02) |
The market value of Erayak Power Solution is measured differently than its book value, which is the value of Erayak that is recorded on the company's balance sheet. Investors also form their own opinion of Erayak Power's value that differs from its market value or its book value, called intrinsic value, which is Erayak Power'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 Erayak Power's market value can be influenced by many factors that don't directly affect Erayak Power'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 Erayak Power's value and its price as these two are different measures arrived at by different means. Investors typically determine if Erayak Power is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Erayak Power'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.
Erayak Power '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 Erayak Power'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 Erayak Power.
| 12/10/2022 |
| 11/29/2024 |
If you would invest 0.00 in Erayak Power on December 10, 2022 and sell it all today you would earn a total of 0.00 from holding Erayak Power Solution or generate 0.0% return on investment in Erayak Power over 720 days. Erayak Power is related to or competes with NeoVolta Common, Hayward Holdings, Advanced Energy, Espey Mfg, Flux Power, Polar Power, and Ocean Power. Erayak Power is entity of United States. It is traded as Stock on NASDAQ exchange. More
Erayak Power 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 Erayak Power'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 Erayak Power Solution upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 7.96 | |||
| Information Ratio | 0.0597 | |||
| Maximum Drawdown | 42.14 | |||
| Value At Risk | (11.39) | |||
| Potential Upside | 17.24 |
Erayak Power Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Erayak Power's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Erayak Power's standard deviation. In reality, there are many statistical measures that can use Erayak Power historical prices to predict the future Erayak Power's volatility.| Risk Adjusted Performance | 0.0653 | |||
| Jensen Alpha | 1.05 | |||
| Total Risk Alpha | (0.72) | |||
| Sortino Ratio | 0.0692 | |||
| Treynor Ratio | (0.20) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Erayak Power'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.
Erayak Power Solution Backtested Returns
Erayak Power appears to be out of control, given 3 months investment horizon. Erayak Power Solution secures Sharpe Ratio (or Efficiency) of 0.0854, which denotes the company had a 0.0854% return per unit of standard deviation over the last 3 months. By reviewing Erayak Power's technical indicators, you can evaluate if the expected return of 0.8% is justified by implied risk. Please utilize Erayak Power's Downside Deviation of 7.96, semi deviation of 7.0, and Mean Deviation of 6.75 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Erayak Power holds a performance score of 6. The firm shows a Beta (market volatility) of -3.31, which means a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Erayak Power are expected to decrease by larger amounts. On the other hand, during market turmoil, Erayak Power is expected to outperform it. Please check Erayak Power's downside variance, day median price, and the relationship between the treynor ratio and kurtosis , to make a quick decision on whether Erayak Power's price patterns will revert.
Auto-correlation | -0.42 |
Modest reverse predictability
Erayak Power Solution has modest reverse predictability. Overlapping area represents the amount of predictability between Erayak Power time series from 10th of December 2022 to 5th of December 2023 and 5th of December 2023 to 29th 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 Erayak Power Solution price movement. The serial correlation of -0.42 indicates that just about 42.0% of current Erayak Power price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.42 | |
| Spearman Rank Test | -0.39 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Erayak Power Solution lagged returns against current returns
Autocorrelation, which is Erayak Power 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 Erayak Power's stock expected returns. We can calculate the autocorrelation of Erayak Power returns to help us make a trade decision. For example, suppose you find that Erayak Power 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 |
Erayak Power 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 Erayak Power stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Erayak Power stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Erayak Power stock over time.
Current vs Lagged Prices |
| Timeline |
Erayak Power Lagged Returns
When evaluating Erayak Power's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Erayak Power stock have on its future price. Erayak Power 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, Erayak Power autocorrelation shows the relationship between Erayak Power stock current value and its past values and can show if there is a momentum factor associated with investing in Erayak Power Solution.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Erayak Power Solution offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Erayak Power'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 Erayak Power Solution Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Erayak Power Solution Stock:Check out Erayak Power Correlation, Erayak Power Volatility and Erayak Power Alpha and Beta module to complement your research on Erayak Power. You can also try the Transaction History module to view history of all your transactions and understand their impact on performance.
Erayak Power 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.