Euronav Nv Stock Market Value
| EURN Stock | USD 16.18 0.10 0.61% |
| Symbol | Euronav |
Euronav NV Price To Book Ratio
Is Euronav NV'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 Euronav NV. If investors know Euronav 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 Euronav NV 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 0.724 | Dividend Share 2.07 | Earnings Share 4.25 | Revenue Per Share 6.117 | Quarterly Revenue Growth (0.27) |
The market value of Euronav NV is measured differently than its book value, which is the value of Euronav that is recorded on the company's balance sheet. Investors also form their own opinion of Euronav NV's value that differs from its market value or its book value, called intrinsic value, which is Euronav NV'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 Euronav NV's market value can be influenced by many factors that don't directly affect Euronav NV'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 Euronav NV's value and its price as these two are different measures arrived at by different means. Investors typically determine if Euronav NV is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Euronav NV'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.
Euronav NV '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 Euronav NV'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 Euronav NV.
| 03/16/2024 |
| 04/15/2024 |
If you would invest 0.00 in Euronav NV on March 16, 2024 and sell it all today you would earn a total of 0.00 from holding Euronav NV or generate 0.0% return on investment in Euronav NV over 30 days. Euronav NV is related to or competes with Frontline, Teekay Tankers, Scorpio Tankers, Tsakos Energy, DHT Holdings, Torm PLC, and Navigator Holdings. Euronav NV, together with its subsidiaries, engages in the transportation and storage of crude oil worldwide More
Euronav NV 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 Euronav NV'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 Euronav NV upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.1) | |||
| Maximum Drawdown | 11.42 | |||
| Value At Risk | (2.30) | |||
| Potential Upside | 1.25 |
Euronav NV Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Euronav NV's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Euronav NV's standard deviation. In reality, there are many statistical measures that can use Euronav NV historical prices to predict the future Euronav NV's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (0.32) | |||
| Treynor Ratio | (0.40) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Euronav NV'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.
Euronav NV Backtested Returns
Euronav NV secures Sharpe Ratio (or Efficiency) of -0.059, which denotes the company had a -0.059% return per unit of risk over the last 3 months. Euronav NV exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Euronav NV's Mean Deviation of 0.7691, standard deviation of 1.85, and Variance of 3.44 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.28, which means not very significant fluctuations relative to the market. As returns on the market increase, Euronav NV's returns are expected to increase less than the market. However, during the bear market, the loss of holding Euronav NV is expected to be smaller as well. Euronav NV has an expected return of -0.11%. Please make sure to confirm Euronav NV total risk alpha, skewness, as well as the relationship between the Skewness and day median price , to decide if Euronav NV performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.57 |
Good reverse predictability
Euronav NV has good reverse predictability. Overlapping area represents the amount of predictability between Euronav NV time series from 16th of March 2024 to 31st of March 2024 and 31st of March 2024 to 15th 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 Euronav NV price movement. The serial correlation of -0.57 indicates that roughly 57.0% of current Euronav NV price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.57 | |
| Spearman Rank Test | -0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Euronav NV lagged returns against current returns
Autocorrelation, which is Euronav NV 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 Euronav NV's stock expected returns. We can calculate the autocorrelation of Euronav NV returns to help us make a trade decision. For example, suppose you find that Euronav NV 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 |
Euronav NV 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 Euronav NV stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Euronav NV stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Euronav NV stock over time.
Current vs Lagged Prices |
| Timeline |
Euronav NV Lagged Returns
When evaluating Euronav NV's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Euronav NV stock have on its future price. Euronav NV 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, Euronav NV autocorrelation shows the relationship between Euronav NV stock current value and its past values and can show if there is a momentum factor associated with investing in Euronav NV.
Regressed Prices |
| Timeline |
Euronav NV Investors Sentiment
The influence of Euronav NV's 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 Euronav. 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 Euronav NV's public news can be used to forecast risks associated with an investment in Euronav. The trend in average sentiment can be used to explain how an investor holding Euronav can time the market purely based on public headlines and social activities around Euronav NV. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Euronav NV's 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 Euronav NV's 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 Euronav NV's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Euronav NV.
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 Euronav NV 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, Euronav NV's short interest history, or implied volatility extrapolated from Euronav NV options trading.
Check out Euronav NV Correlation, Euronav NV Volatility and Euronav NV Alpha and Beta module to complement your research on Euronav NV. To learn how to invest in Euronav Stock, please use our How to Invest in Euronav NV guide.You can also try the AI Investment Finder module to use AI to screen and filter profitable investment opportunities.
Complementary Tools for Euronav Stock analysis
When running Euronav NV's price analysis, check to measure Euronav NV'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 Euronav NV is operating at the current time. Most of Euronav NV's value examination focuses on studying past and present price action to predict the probability of Euronav NV's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Euronav NV's price. Additionally, you may evaluate how the addition of Euronav NV to your portfolios can decrease your overall portfolio volatility.
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Euronav NV 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.