Envirotech Vehicles Stock Forecast - Day Typical Price
| EVTV Stock | USD 2.16 0.03 1.41% |
Envirotech Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Envirotech Vehicles stock prices and determine the direction of Envirotech Vehicles's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Envirotech Vehicles' historical fundamentals, such as revenue growth or operating cash flow patterns. Although Envirotech Vehicles' naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Envirotech Vehicles' systematic risk associated with finding meaningful patterns of Envirotech Vehicles fundamentals over time.
Check out Historical Fundamental Analysis of Envirotech Vehicles to cross-verify your projections. Envirotech |
Most investors in Envirotech Vehicles cannot accurately predict what will happen the next trading day because, historically, stock markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the Envirotech Vehicles' time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Envirotech Vehicles' price structures and extracts relationships that further increase the generated results' accuracy.
Typical Price is calculated as arithmetic average of the high, low and closing price for a given trading period.| Previous Day Typical Price | Day Typical Price | Trend |
| 2.14 | 2.17 |
| Check Envirotech Vehicles Volatility | Backtest Envirotech Vehicles | Information Ratio |
Envirotech Vehicles Trading Date Momentum
| On May 03 2024 Envirotech Vehicles was traded for 2.16 at the closing time. The top price for the day was 2.24 and the lowest listed price was 2.10 . The trading volume for the day was 15.7 K. The trading history from May 3, 2024 did not affect price variability. The overall trading delta against the current closing price is 1.39% . |
The period considered in calculating typical price is a single trading day, however the typical price can also be applied to other time spans such as a week, month or year.
| Compare Envirotech Vehicles to competition |
Other Forecasting Options for Envirotech Vehicles
For every potential investor in Envirotech, whether a beginner or expert, Envirotech Vehicles' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Envirotech Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Envirotech. Basic forecasting techniques help filter out the noise by identifying Envirotech Vehicles' price trends.Envirotech Vehicles Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Envirotech Vehicles stock to make a market-neutral strategy. Peer analysis of Envirotech Vehicles could also be used in its relative valuation, which is a method of valuing Envirotech Vehicles by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Envirotech Vehicles Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Envirotech Vehicles' price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Envirotech Vehicles' current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Envirotech Vehicles Market Strength Events
Market strength indicators help investors to evaluate how Envirotech Vehicles stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Envirotech Vehicles shares will generate the highest return on investment. By undertsting and applying Envirotech Vehicles stock market strength indicators, traders can identify Envirotech Vehicles entry and exit signals to maximize returns.
Envirotech Vehicles Risk Indicators
The analysis of Envirotech Vehicles' basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Envirotech Vehicles' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting envirotech stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 5.24 | |||
| Semi Deviation | 5.03 | |||
| Standard Deviation | 7.28 | |||
| Variance | 53.05 | |||
| Downside Variance | 35.06 | |||
| Semi Variance | 25.26 | |||
| Expected Short fall | (6.35) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Envirotech Vehicles in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Envirotech Vehicles' short interest history, or implied volatility extrapolated from Envirotech Vehicles options trading.
Pair Trading with Envirotech Vehicles
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 Envirotech Vehicles 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 Envirotech Vehicles will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Envirotech Vehicles could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Envirotech Vehicles 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 Envirotech Vehicles - 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 Envirotech Vehicles to buy it.
The correlation of Envirotech Vehicles 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 Envirotech Vehicles moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Envirotech Vehicles 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 Envirotech Vehicles 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.Check out Historical Fundamental Analysis of Envirotech Vehicles to cross-verify your projections. For more information on how to buy Envirotech Stock please use our How to Invest in Envirotech Vehicles guide.You can also try the Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.
Complementary 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.
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Is Envirotech Vehicles' industry 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 (0.84) | Revenue Per Share 0.19 | Quarterly Revenue Growth (0.94) | Return On Assets (0.17) | Return On Equity (0.48) |
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.