EverQuote Historical Valuation
| EVER Stock | USD 18.39 0.27 1.49% |
Some fundamental drivers such as market cap or EverQuote enterprice value can be analyzed from historical perspective to project value of the company into the future. Some investors analyze EverQuote Class A valuation indicators such as Enterprise Value of 428.1 M to time the market or to short-sell their positions based on the trend in valuation ratios. It is a perfect tool to project the direction of EverQuote's future value.
EverQuote |
About EverQuote Valuation Data Analysis
Valuation is the financial process of determining what EverQuote is worth. EverQuote valuation ratios put that insight into the context of a company's share price, where they serve as useful tools for evaluating and utilizing investment potential. EverQuote valuation ratios help investors to determine whether EverQuote Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in EverQuote with respect to the benefits of owning EverQuote security.
EverQuote Valuation Data Chart
EverQuote valuation ratios help to determine how cheap or expensive it is, compared to its peers or based on some benchmark measure of value for a given date. A typical valuation ratio shows the difference between the cost of EverQuote equity instrument and the benefits of owning shares of EverQuote Class A.
As of 04/19/2024, Enterprise Value is likely to drop to about 428.1 M Enterprise Value
Enterprise Value (or EV) is usually referred to as EverQuote theoretical takeover price. In the event of an acquisition, an acquirer would have to take on EverQuote Class A debt, but would also pocket its cash. Enterprise Value is more accurate representation of EverQuote value than its market capitalization because it takes into account all of EverQuote Class A existing debt. A measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization that includes the market capitalization, plus total debt, minority interest and preferred shares, minus total cash and cash equivalents.Pair Trading with EverQuote
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 EverQuote 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 EverQuote will appreciate offsetting losses from the drop in the long position's value.Moving against EverQuote Stock
| 0.73 | CCG | Cheche Group Report 25th of September 2024 | PairCorr |
| 0.68 | TC | TuanChe ADR | PairCorr |
| 0.64 | Z | Zillow Group Class Financial Report 1st of May 2024 | PairCorr |
| 0.64 | ZH | Zhihu Inc ADR | PairCorr |
The ability to find closely correlated positions to EverQuote could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace EverQuote 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 EverQuote - 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 EverQuote Class A to buy it.
The correlation of EverQuote 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 EverQuote moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if EverQuote Class A 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 EverQuote 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in EverQuote Class A. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income. Note that the EverQuote Class A information on this page should be used as a complementary analysis to other EverQuote's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Commodity Directory module to find actively traded commodities issued by global exchanges.
Complementary Tools for EverQuote Stock analysis
When running EverQuote's price analysis, check to measure EverQuote'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 EverQuote is operating at the current time. Most of EverQuote's value examination focuses on studying past and present price action to predict the probability of EverQuote's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move EverQuote's price. Additionally, you may evaluate how the addition of EverQuote to your portfolios can decrease your overall portfolio volatility.
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Is EverQuote'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 EverQuote. If investors know EverQuote 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 EverQuote listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.54) | Revenue Per Share 8.633 | Quarterly Revenue Growth (0.37) | Return On Assets (0.13) | Return On Equity (0.54) |
The market value of EverQuote Class A is measured differently than its book value, which is the value of EverQuote that is recorded on the company's balance sheet. Investors also form their own opinion of EverQuote's value that differs from its market value or its book value, called intrinsic value, which is EverQuote'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 EverQuote's market value can be influenced by many factors that don't directly affect EverQuote'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 EverQuote's value and its price as these two are different measures arrived at by different means. Investors typically determine if EverQuote is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, EverQuote'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.