EverQuote Stock Forecast - Jensen Alpha
| EVER Stock | USD 19.18 0.79 3.96% |
EverQuote Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast EverQuote stock prices and determine the direction of EverQuote Class A's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of EverQuote's historical fundamentals, such as revenue growth or operating cash flow patterns. Although EverQuote's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of EverQuote's systematic risk associated with finding meaningful patterns of EverQuote fundamentals over time.
Check out Historical Fundamental Analysis of EverQuote to cross-verify your projections. EverQuote |
Open Interest Against 2024-04-19 EverQuote Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast EverQuote's spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest in EverQuote's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for EverQuote stock based on available contracts left at the end of a trading day.
Please note that to derive more accurate forecasting about market movement from the current EverQuote's open interest, investors have to compare it to EverQuote's spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of EverQuote is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in EverQuote. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
Most investors in EverQuote cannot accurately predict what will happen the next trading day because, historically, stock markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the EverQuote's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets EverQuote's price structures and extracts relationships that further increase the generated results' accuracy.
| Check EverQuote Volatility | Backtest EverQuote | Information Ratio |
EverQuote Trading Date Momentum
| On April 15 2024 EverQuote Class A was traded for 19.18 at the closing time. The top price for the day was 20.07 and the lowest listed price was 18.76 . The trading volume for the day was 462.7 K. The trading history from April 15, 2024 did not affect price variability. The overall trading delta against the current closing price is 4.07% . |
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Other Forecasting Options for EverQuote
For every potential investor in EverQuote, whether a beginner or expert, EverQuote's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. EverQuote Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in EverQuote. Basic forecasting techniques help filter out the noise by identifying EverQuote's price trends.EverQuote Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with EverQuote stock to make a market-neutral strategy. Peer analysis of EverQuote could also be used in its relative valuation, which is a method of valuing EverQuote by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
EverQuote Class A Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of EverQuote's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of EverQuote's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
EverQuote Market Strength Events
Market strength indicators help investors to evaluate how EverQuote stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading EverQuote shares will generate the highest return on investment. By undertsting and applying EverQuote stock market strength indicators, traders can identify EverQuote Class A entry and exit signals to maximize returns.
| Accumulation Distribution | 30201.73 | |||
| Daily Balance Of Power | (0.60) | |||
| Rate Of Daily Change | 0.96 | |||
| Day Median Price | 19.42 | |||
| Day Typical Price | 19.34 | |||
| Price Action Indicator | (0.63) | |||
| Period Momentum Indicator | (0.79) |
EverQuote Risk Indicators
The analysis of EverQuote's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in EverQuote's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting everquote stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 2.86 | |||
| Semi Deviation | 2.79 | |||
| Standard Deviation | 3.68 | |||
| Variance | 13.53 | |||
| Downside Variance | 11.02 | |||
| Semi Variance | 7.8 | |||
| Expected Short fall | (3.31) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
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
| 0.8 | GMM | Global Mofy Metaverse | PairCorr |
| 0.77 | TC | TuanChe ADR | PairCorr |
| 0.72 | FVRR | Fiverr International Financial Report 9th of May 2024 | PairCorr |
| 0.7 | ZH | Zhihu Inc ADR | PairCorr |
| 0.6 | ZG | Zillow Group Financial Report 1st of May 2024 | 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 Historical Fundamental Analysis of EverQuote to cross-verify your projections. 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 Latest Portfolios module to quick portfolio dashboard that showcases your latest portfolios.
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.