Etsy Inc Stock Market Value
| ETSY Stock | USD 66.87 1.48 2.17% |
| Symbol | Etsy |
Etsy Inc Price To Book Ratio
Is Etsy's 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 Etsy. If investors know Etsy 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 Etsy 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 (0.18) | Earnings Share 2.24 | Revenue Per Share 22.435 | Quarterly Revenue Growth 0.043 | Return On Assets 0.0883 |
The market value of Etsy Inc is measured differently than its book value, which is the value of Etsy that is recorded on the company's balance sheet. Investors also form their own opinion of Etsy's value that differs from its market value or its book value, called intrinsic value, which is Etsy'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 Etsy's market value can be influenced by many factors that don't directly affect Etsy'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 Etsy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Etsy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Etsy'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.
Etsy '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 Etsy'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 Etsy.
| 03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in Etsy on March 26, 2024 and sell it all today you would earn a total of 0.00 from holding Etsy Inc or generate 0.0% return on investment in Etsy over 30 days. Etsy is related to or competes with Sea, Vipshop Holdings, Amazon, and JD. Etsy, Inc. operates two-sided online marketplaces that connect buyers and sellers primarily in the United States, the Un... More
Etsy 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 Etsy'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 Etsy Inc upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 17.54 | |||
| Value At Risk | (4.10) | |||
| Potential Upside | 4.76 |
Etsy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Etsy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Etsy's standard deviation. In reality, there are many statistical measures that can use Etsy historical prices to predict the future Etsy's volatility.| Risk Adjusted Performance | 0.0047 | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.40) | |||
| Treynor Ratio | (0.01) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Etsy'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.
Etsy Inc Backtested Returns
Etsy Inc secures Sharpe Ratio (or Efficiency) of -0.0085, which denotes the company had a -0.0085% return per unit of risk over the last 3 months. Etsy Inc exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Etsy's Variance of 7.54, mean deviation of 2.0, and Standard Deviation of 2.75 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.56, 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, Etsy will likely underperform. Etsy Inc has an expected return of -0.024%. Please make sure to confirm Etsy Inc treynor ratio, accumulation distribution, as well as the relationship between the Accumulation Distribution and period momentum indicator , to decide if Etsy Inc performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.23 |
Weak predictability
Etsy Inc has weak predictability. Overlapping area represents the amount of predictability between Etsy time series from 26th of March 2024 to 10th of April 2024 and 10th of April 2024 to 25th 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 Etsy Inc price movement. The serial correlation of 0.23 indicates that over 23.0% of current Etsy price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.23 | |
| Spearman Rank Test | -0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 0.46 |
Etsy Inc lagged returns against current returns
Autocorrelation, which is Etsy 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 Etsy's stock expected returns. We can calculate the autocorrelation of Etsy returns to help us make a trade decision. For example, suppose you find that Etsy 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 |
Etsy 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 Etsy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Etsy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Etsy stock over time.
Current vs Lagged Prices |
| Timeline |
Etsy Lagged Returns
When evaluating Etsy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Etsy stock have on its future price. Etsy 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, Etsy autocorrelation shows the relationship between Etsy stock current value and its past values and can show if there is a momentum factor associated with investing in Etsy Inc.
Regressed Prices |
| Timeline |
Pair Trading with Etsy
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 Etsy 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 Etsy will appreciate offsetting losses from the drop in the long position's value.Moving against Etsy Stock
| 0.63 | JD | JD Inc Adr Aggressive Push | PairCorr |
| 0.58 | CROX | Crocs Inc Earnings Call Today | PairCorr |
| 0.57 | GM | General Motors Sell-off Trend | PairCorr |
| 0.53 | BBY | Best Buy Financial Report 23rd of May 2024 | PairCorr |
| 0.45 | AEO | American Eagle Outfitters Financial Report 22nd of May 2024 | PairCorr |
The ability to find closely correlated positions to Etsy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Etsy 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 Etsy - 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 Etsy Inc to buy it.
The correlation of Etsy 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 Etsy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Etsy Inc 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 Etsy 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 Etsy Correlation, Etsy Volatility and Etsy Alpha and Beta module to complement your research on Etsy. You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
Complementary Tools for Etsy Stock analysis
When running Etsy's price analysis, check to measure Etsy's 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 Etsy is operating at the current time. Most of Etsy's value examination focuses on studying past and present price action to predict the probability of Etsy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Etsy's price. Additionally, you may evaluate how the addition of Etsy to your portfolios can decrease your overall portfolio volatility.
| Headlines Timeline Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity | |
| Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated | |
| Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk | |
| Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets | |
| Volatility Analysis Get historical volatility and risk analysis based on latest market data |
Etsy 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.