Entegris Stock Market Value
| ENTG Stock | USD 127.09 2.16 1.67% |
| Symbol | Entegris |
Entegris Price To Book Ratio
Is Entegris' 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 Entegris. If investors know Entegris 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 Entegris 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 (0.34) | Dividend Share 0.4 | Earnings Share 1.2 | Revenue Per Share 23.509 | Quarterly Revenue Growth (0.14) |
The market value of Entegris is measured differently than its book value, which is the value of Entegris that is recorded on the company's balance sheet. Investors also form their own opinion of Entegris' value that differs from its market value or its book value, called intrinsic value, which is Entegris' 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 Entegris' market value can be influenced by many factors that don't directly affect Entegris' 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 Entegris' value and its price as these two are different measures arrived at by different means. Investors typically determine if Entegris is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Entegris' 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.
Entegris '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 Entegris' 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 Entegris.
| 03/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in Entegris on March 20, 2024 and sell it all today you would earn a total of 0.00 from holding Entegris or generate 0.0% return on investment in Entegris over 30 days. Entegris is related to or competes with Arm Holdings, and Intchains Group. Entegris, Inc. develops, manufactures, and supplies microcontamination control products, specialty chemicals, and advanc... More
Entegris 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 Entegris' 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 Entegris upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.87 | |||
| Information Ratio | 0.0643 | |||
| Maximum Drawdown | 10.18 | |||
| Value At Risk | (3.49) | |||
| Potential Upside | 3.95 |
Entegris Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Entegris' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Entegris' standard deviation. In reality, there are many statistical measures that can use Entegris historical prices to predict the future Entegris' volatility.| Risk Adjusted Performance | 0.0668 | |||
| Jensen Alpha | 0.0677 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | 0.0729 | |||
| Treynor Ratio | 0.0897 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Entegris' 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.
Entegris Backtested Returns
We consider Entegris very steady. Entegris secures Sharpe Ratio (or Efficiency) of 0.0497, which denotes the company had a 0.0497% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Entegris, which you can use to evaluate the volatility of the firm. Please confirm Entegris' Mean Deviation of 1.68, coefficient of variation of 1035.57, and Downside Deviation of 1.87 to check if the risk estimate we provide is consistent with the expected return of 0.1%. Entegris has a performance score of 3 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 2.18, 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, Entegris will likely underperform. Entegris right now shows a risk of 2.08%. Please confirm Entegris semi variance, and the relationship between the maximum drawdown and accumulation distribution , to decide if Entegris will be following its price patterns.
Auto-correlation | 0.61 |
Good predictability
Entegris has good predictability. Overlapping area represents the amount of predictability between Entegris time series from 20th of March 2024 to 4th of April 2024 and 4th of April 2024 to 19th of April 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 Entegris price movement. The serial correlation of 0.61 indicates that roughly 61.0% of current Entegris price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.61 | |
| Spearman Rank Test | 0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 15.93 |
Entegris lagged returns against current returns
Autocorrelation, which is Entegris 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 Entegris' stock expected returns. We can calculate the autocorrelation of Entegris returns to help us make a trade decision. For example, suppose you find that Entegris 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 |
Entegris 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 Entegris stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Entegris stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Entegris stock over time.
Current vs Lagged Prices |
| Timeline |
Entegris Lagged Returns
When evaluating Entegris' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Entegris stock have on its future price. Entegris 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, Entegris autocorrelation shows the relationship between Entegris stock current value and its past values and can show if there is a momentum factor associated with investing in Entegris.
Regressed Prices |
| Timeline |
Entegris Investors Sentiment
The influence of Entegris' investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Entegris. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Entegris' public news can be used to forecast risks associated with an investment in Entegris. The trend in average sentiment can be used to explain how an investor holding Entegris can time the market purely based on public headlines and social activities around Entegris. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Entegris' market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Entegris' and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Entegris' news discussions. The higher the estimated score, the more favorable is the investor's outlook on Entegris.
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 Entegris 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, Entegris' short interest history, or implied volatility extrapolated from Entegris options trading.
Pair Trading with Entegris
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 Entegris 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 Entegris will appreciate offsetting losses from the drop in the long position's value.Moving together with Entegris Stock
| 0.95 | KLAC | KLA Tencor Earnings Call This Week | PairCorr |
Moving against Entegris Stock
| 0.7 | ACLS | Axcelis Technologies Financial Report 1st of May 2024 | PairCorr |
| 0.55 | III | Information Services Financial Report 13th of May 2024 | PairCorr |
| 0.48 | G | Genpact Limited Financial Report 8th of May 2024 | PairCorr |
The ability to find closely correlated positions to Entegris could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Entegris 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 Entegris - 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 Entegris to buy it.
The correlation of Entegris 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 Entegris moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Entegris 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 Entegris 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 Entegris Correlation, Entegris Volatility and Entegris Alpha and Beta module to complement your research on Entegris. For more detail on how to invest in Entegris Stock please use our How to Invest in Entegris guide.You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
Complementary Tools for Entegris Stock analysis
When running Entegris' price analysis, check to measure Entegris' 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 Entegris is operating at the current time. Most of Entegris' value examination focuses on studying past and present price action to predict the probability of Entegris' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Entegris' price. Additionally, you may evaluate how the addition of Entegris to your portfolios can decrease your overall portfolio volatility.
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Entegris 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.