Expion360 Stock Market Value
| XPON Stock | USD 2.31 0.02 0.86% |
| Symbol | Expion360 |
Expion360 Price To Book Ratio
Is Industrial Machinery & Supplies & 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 Expion360. If investors know Expion360 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 Expion360 listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share -7.9 K | Revenue Per Share 70.928 | Quarterly Revenue Growth (0.26) | Return On Assets (0.43) | Return On Equity (1.53) |
The market value of Expion360 is measured differently than its book value, which is the value of Expion360 that is recorded on the company's balance sheet. Investors also form their own opinion of Expion360's value that differs from its market value or its book value, called intrinsic value, which is Expion360'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 Expion360's market value can be influenced by many factors that don't directly affect Expion360'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 Expion360's value and its price as these two are different measures arrived at by different means. Investors typically determine if Expion360 is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Expion360'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.
Expion360 '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 Expion360'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 Expion360.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Expion360 on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Expion360 or generate 0.0% return on investment in Expion360 over 30 days. Expion360 is related to or competes with Enovix Corp, Amprius Technologies, FREYR Battery, Eos Energy, Pioneer Power, CBAK Energy, and Ocean Power. Expion360 Inc. designs, assembles, manufactures, and sells lithium iron phosphate batteries and supporting accessories u... More
Expion360 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 Expion360'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 Expion360 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 74.33 | |||
| Value At Risk | (24.64) | |||
| Potential Upside | 29.64 |
Expion360 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Expion360's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Expion360's standard deviation. In reality, there are many statistical measures that can use Expion360 historical prices to predict the future Expion360's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.66) | |||
| Total Risk Alpha | (3.03) | |||
| Treynor Ratio | (1.97) |
Expion360 Backtested Returns
Expion360 secures Sharpe Ratio (or Efficiency) of -0.0316, which denotes the company had a -0.0316% return per unit of risk over the last 3 months. Expion360 exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Expion360's Standard Deviation of 14.45, mean deviation of 9.59, and Variance of 208.87 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.32, which means possible diversification benefits within a given portfolio. As returns on the market increase, Expion360's returns are expected to increase less than the market. However, during the bear market, the loss of holding Expion360 is expected to be smaller as well. At this point, Expion360 has a negative expected return of -0.46%. Please make sure to confirm Expion360's treynor ratio, accumulation distribution, as well as the relationship between the Accumulation Distribution and market facilitation index , to decide if Expion360 performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.69 |
Good predictability
Expion360 has good predictability. Overlapping area represents the amount of predictability between Expion360 time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st of December 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 Expion360 price movement. The serial correlation of 0.69 indicates that around 69.0% of current Expion360 price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.69 | |
| Spearman Rank Test | 0.68 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Expion360 lagged returns against current returns
Autocorrelation, which is Expion360 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 Expion360's stock expected returns. We can calculate the autocorrelation of Expion360 returns to help us make a trade decision. For example, suppose you find that Expion360 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 |
Expion360 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 Expion360 stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Expion360 stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Expion360 stock over time.
Current vs Lagged Prices |
| Timeline |
Expion360 Lagged Returns
When evaluating Expion360's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Expion360 stock have on its future price. Expion360 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, Expion360 autocorrelation shows the relationship between Expion360 stock current value and its past values and can show if there is a momentum factor associated with investing in Expion360.
Regressed Prices |
| Timeline |
Pair Trading with Expion360
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 Expion360 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 Expion360 will appreciate offsetting losses from the drop in the long position's value.Moving against Expion360 Stock
| 0.79 | ESP | Espey Mfg Electronics | PairCorr |
| 0.77 | NVX | Novonix Ltd ADR | PairCorr |
| 0.76 | AYI | Acuity Brands | PairCorr |
| 0.76 | EAF | GrafTech International | PairCorr |
| 0.71 | VRT | Vertiv Holdings | PairCorr |
The ability to find closely correlated positions to Expion360 could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Expion360 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 Expion360 - 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 Expion360 to buy it.
The correlation of Expion360 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 Expion360 moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Expion360 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 Expion360 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 Expion360 Correlation, Expion360 Volatility and Expion360 Alpha and Beta module to complement your research on Expion360. To learn how to invest in Expion360 Stock, please use our How to Invest in Expion360 guide.You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
Expion360 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.