Energy Services Stock Market Value
| ESOA Stock | USD 7.08 0.07 1.00% |
| Symbol | Energy |
Energy Services Price To Book Ratio
Is Energy Services' 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 Energy Services. If investors know Energy 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 Energy Services 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 13.454 | Dividend Share 0.06 | Earnings Share 0.55 | Revenue Per Share 20.108 | Quarterly Revenue Growth 0.502 |
The market value of Energy Services is measured differently than its book value, which is the value of Energy that is recorded on the company's balance sheet. Investors also form their own opinion of Energy Services' value that differs from its market value or its book value, called intrinsic value, which is Energy Services' 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 Energy Services' market value can be influenced by many factors that don't directly affect Energy Services' 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 Energy Services' value and its price as these two are different measures arrived at by different means. Investors typically determine if Energy Services is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Energy Services' 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.
Energy Services '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 Energy Services' 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 Energy Services.
| 03/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in Energy Services on March 25, 2024 and sell it all today you would earn a total of 0.00 from holding Energy Services or generate 0.0% return on investment in Energy Services over 30 days. Energy Services is related to or competes with EMCOR, Comfort Systems, Primoris Services, Granite Construction, Construction Partners, MYR, and Api GroupCorp. Energy Services of America Corporation provides contracting services for utilities and energy related companies in the U... More
Energy Services 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 Energy Services' 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 Energy Services upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.12 | |||
| Information Ratio | 0.052 | |||
| Maximum Drawdown | 45.78 | |||
| Value At Risk | (6.97) | |||
| Potential Upside | 11.28 |
Energy Services Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Energy Services' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Energy Services' standard deviation. In reality, there are many statistical measures that can use Energy Services historical prices to predict the future Energy Services' volatility.| Risk Adjusted Performance | 0.0512 | |||
| Jensen Alpha | 0.1117 | |||
| Total Risk Alpha | (0.43) | |||
| Sortino Ratio | 0.0513 | |||
| Treynor Ratio | 0.1185 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Energy Services' 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.
Energy Services Backtested Returns
We consider Energy Services relatively risky. Energy Services secures Sharpe Ratio (or Efficiency) of 0.0269, which denotes the company had a 0.0269% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Energy Services, which you can use to evaluate the volatility of the firm. Please confirm Energy Services' Downside Deviation of 6.12, mean deviation of 3.85, and Coefficient Of Variation of 1475.08 to check if the risk estimate we provide is consistent with the expected return of 0.16%. Energy Services has a performance score of 2 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 3.37, 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, Energy Services will likely underperform. Energy Services right now shows a risk of 6.0%. Please confirm Energy Services coefficient of variation, maximum drawdown, skewness, as well as the relationship between the total risk alpha and downside variance , to decide if Energy Services will be following its price patterns.
Auto-correlation | -0.35 |
Poor reverse predictability
Energy Services has poor reverse predictability. Overlapping area represents the amount of predictability between Energy Services time series from 25th of March 2024 to 9th of April 2024 and 9th of April 2024 to 24th 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 Energy Services price movement. The serial correlation of -0.35 indicates that nearly 35.0% of current Energy Services price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.35 | |
| Spearman Rank Test | -0.39 | |
| Residual Average | 0.0 | |
| Price Variance | 0.19 |
Energy Services lagged returns against current returns
Autocorrelation, which is Energy Services 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 Energy Services' stock expected returns. We can calculate the autocorrelation of Energy Services returns to help us make a trade decision. For example, suppose you find that Energy Services 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 |
Energy Services 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 Energy Services stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Energy Services stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Energy Services stock over time.
Current vs Lagged Prices |
| Timeline |
Energy Services Lagged Returns
When evaluating Energy Services' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Energy Services stock have on its future price. Energy Services 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, Energy Services autocorrelation shows the relationship between Energy Services stock current value and its past values and can show if there is a momentum factor associated with investing in Energy Services.
Regressed Prices |
| Timeline |
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 Energy Services 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, Energy Services' short interest history, or implied volatility extrapolated from Energy Services options trading.
Pair Trading with Energy Services
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 Energy Services 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 Energy Services will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Energy Services could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Energy Services 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 Energy Services - 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 Energy Services to buy it.
The correlation of Energy Services 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 Energy Services moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Energy Services 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 Energy Services 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 Energy Services Correlation, Energy Services Volatility and Energy Services Alpha and Beta module to complement your research on Energy Services. For information on how to trade Energy Stock refer to our How to Trade Energy Stock guide.You can also try the Transaction History module to view history of all your transactions and understand their impact on performance.
Complementary Tools for Energy Stock analysis
When running Energy Services' price analysis, check to measure Energy Services' 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 Energy Services is operating at the current time. Most of Energy Services' value examination focuses on studying past and present price action to predict the probability of Energy Services' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Energy Services' price. Additionally, you may evaluate how the addition of Energy Services to your portfolios can decrease your overall portfolio volatility.
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Energy Services 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.