Evolv Technologies Holdings Stock Market Value
| EVLV Stock | USD 4.29 0.16 3.87% |
| Symbol | Evolv |
Evolv Technologies Price To Book Ratio
Is Electronic Equipment, Instruments & Components space 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 Evolv Technologies. If investors know Evolv 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 Evolv Technologies listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.11) | Revenue Per Share 0.584 | Quarterly Revenue Growth 0.288 | Return On Assets (0.18) | Return On Equity (0.13) |
The market value of Evolv Technologies is measured differently than its book value, which is the value of Evolv that is recorded on the company's balance sheet. Investors also form their own opinion of Evolv Technologies' value that differs from its market value or its book value, called intrinsic value, which is Evolv Technologies' 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 Evolv Technologies' market value can be influenced by many factors that don't directly affect Evolv Technologies' 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 Evolv Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if Evolv Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Evolv Technologies' 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.
Evolv Technologies '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 Evolv Technologies' 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 Evolv Technologies.
| 07/21/2024 |
| 09/19/2024 |
If you would invest 0.00 in Evolv Technologies on July 21, 2024 and sell it all today you would earn a total of 0.00 from holding Evolv Technologies Holdings or generate 0.0% return on investment in Evolv Technologies over 60 days. Evolv Technologies is related to or competes with First Responder, Knightscope, LogicMark, Bridger Aerospace, Iveda Solutions, CoreCivic, and ADT. Evolv Technologies Holdings, Inc. provides artificial intelligence -based touchless security screening systems More
Evolv Technologies 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 Evolv Technologies' 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 Evolv Technologies Holdings upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.8 | |||
| Information Ratio | 0.1733 | |||
| Maximum Drawdown | 26.66 | |||
| Value At Risk | (6.09) | |||
| Potential Upside | 9.79 |
Evolv Technologies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Evolv Technologies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Evolv Technologies' standard deviation. In reality, there are many statistical measures that can use Evolv Technologies historical prices to predict the future Evolv Technologies' volatility.| Risk Adjusted Performance | 0.1647 | |||
| Jensen Alpha | 0.6322 | |||
| Total Risk Alpha | 0.3229 | |||
| Sortino Ratio | 0.2292 | |||
| Treynor Ratio | 0.2943 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Evolv Technologies' 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.
Evolv Technologies Backtested Returns
Evolv Technologies is unstable given 3 months investment horizon. Evolv Technologies secures Sharpe Ratio (or Efficiency) of 0.23, which denotes the company had a 0.23% return per unit of risk over the last 3 months. We were able to break down and interpolate twenty-eight different technical indicators, which can help you to evaluate if expected returns of 1.16% are justified by taking the suggested risk. Use Evolv Technologies Downside Deviation of 3.8, coefficient of variation of 510.66, and Mean Deviation of 3.83 to evaluate company specific risk that cannot be diversified away. Evolv Technologies holds a performance score of 17 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of 3.31, 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, Evolv Technologies will likely underperform. Use Evolv Technologies maximum drawdown, as well as the relationship between the skewness and day typical price , to analyze future returns on Evolv Technologies.
Auto-correlation | 0.32 |
Below average predictability
Evolv Technologies Holdings has below average predictability. Overlapping area represents the amount of predictability between Evolv Technologies time series from 21st of July 2024 to 20th of August 2024 and 20th of August 2024 to 19th of September 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 Evolv Technologies price movement. The serial correlation of 0.32 indicates that nearly 32.0% of current Evolv Technologies price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.32 | |
| Spearman Rank Test | 0.39 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
Evolv Technologies lagged returns against current returns
Autocorrelation, which is Evolv Technologies 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 Evolv Technologies' stock expected returns. We can calculate the autocorrelation of Evolv Technologies returns to help us make a trade decision. For example, suppose you find that Evolv Technologies 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 |
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Evolv Technologies 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 Evolv Technologies stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Evolv Technologies stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Evolv Technologies stock over time.
Current vs Lagged Prices |
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Evolv Technologies Lagged Returns
When evaluating Evolv Technologies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Evolv Technologies stock have on its future price. Evolv Technologies 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, Evolv Technologies autocorrelation shows the relationship between Evolv Technologies stock current value and its past values and can show if there is a momentum factor associated with investing in Evolv Technologies Holdings.
Regressed Prices |
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Thematic Opportunities
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Additional Tools for Evolv Stock Analysis
When running Evolv Technologies' price analysis, check to measure Evolv Technologies' 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 Evolv Technologies is operating at the current time. Most of Evolv Technologies' value examination focuses on studying past and present price action to predict the probability of Evolv Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Evolv Technologies' price. Additionally, you may evaluate how the addition of Evolv Technologies to your portfolios can decrease your overall portfolio volatility.