Eventbrite Class A Stock Market Value
| EB Stock | USD 5.15 0.06 1.18% |
| Symbol | Eventbrite |
Eventbrite Class A Price To Book Ratio
Is Eventbrite'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 Eventbrite. If investors know Eventbrite 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 Eventbrite listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.26) | Revenue Per Share 3.252 | Quarterly Revenue Growth 0.227 | Return On Assets (0.02) | Return On Equity (0.15) |
The market value of Eventbrite Class A is measured differently than its book value, which is the value of Eventbrite that is recorded on the company's balance sheet. Investors also form their own opinion of Eventbrite's value that differs from its market value or its book value, called intrinsic value, which is Eventbrite'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 Eventbrite's market value can be influenced by many factors that don't directly affect Eventbrite'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 Eventbrite's value and its price as these two are different measures arrived at by different means. Investors typically determine if Eventbrite is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Eventbrite'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.
Eventbrite '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 Eventbrite'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 Eventbrite.
| 03/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in Eventbrite on March 20, 2024 and sell it all today you would earn a total of 0.00 from holding Eventbrite Class A or generate 0.0% return on investment in Eventbrite over 30 days. Eventbrite is related to or competes with Marin Software, Exela Technologies, AMTD Digital, C3 Ai, CXApp, HeartCore Enterprises, and Beamr Imaging. Eventbrite, Inc. operates a self-service ticketing and experience technology platform that serves event creators in the ... More
Eventbrite 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 Eventbrite'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 Eventbrite Class A upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 34.97 | |||
| Value At Risk | (4.85) | |||
| Potential Upside | 4.45 |
Eventbrite Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Eventbrite's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Eventbrite's standard deviation. In reality, there are many statistical measures that can use Eventbrite historical prices to predict the future Eventbrite's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.42) | |||
| Total Risk Alpha | (0.94) | |||
| Treynor Ratio | 0.4158 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Eventbrite'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.
Eventbrite Class A Backtested Returns
Eventbrite Class A secures Sharpe Ratio (or Efficiency) of -0.11, which denotes the company had a -0.11% return per unit of risk over the last 3 months. Eventbrite Class A exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Eventbrite's Standard Deviation of 4.77, variance of 22.75, and Mean Deviation of 2.79 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -1.17, which means a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Eventbrite are expected to decrease by larger amounts. On the other hand, during market turmoil, Eventbrite is expected to outperform it. Eventbrite Class A has an expected return of -0.54%. Please make sure to confirm Eventbrite Class A standard deviation, maximum drawdown, kurtosis, as well as the relationship between the total risk alpha and potential upside , to decide if Eventbrite Class A performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.57 |
Modest predictability
Eventbrite Class A has modest predictability. Overlapping area represents the amount of predictability between Eventbrite time series from 20th of March 2024 to 4th of April 2024 and 4th of April 2024 to 19th 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 Eventbrite Class A price movement. The serial correlation of 0.57 indicates that roughly 57.0% of current Eventbrite price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.57 | |
| Spearman Rank Test | -0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
Eventbrite Class A lagged returns against current returns
Autocorrelation, which is Eventbrite 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 Eventbrite's stock expected returns. We can calculate the autocorrelation of Eventbrite returns to help us make a trade decision. For example, suppose you find that Eventbrite 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 |
Eventbrite 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 Eventbrite stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Eventbrite stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Eventbrite stock over time.
Current vs Lagged Prices |
| Timeline |
Eventbrite Lagged Returns
When evaluating Eventbrite's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Eventbrite stock have on its future price. Eventbrite 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, Eventbrite autocorrelation shows the relationship between Eventbrite stock current value and its past values and can show if there is a momentum factor associated with investing in Eventbrite Class A.
Regressed Prices |
| Timeline |
Pair Trading with Eventbrite
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 Eventbrite 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 Eventbrite will appreciate offsetting losses from the drop in the long position's value.Moving together with Eventbrite Stock
| 0.92 | U | Unity Software Financial Report 8th of May 2024 | PairCorr |
| 0.77 | DT | Dynatrace Holdings LLC Buyout Trend | PairCorr |
Moving against Eventbrite Stock
| 0.89 | VERX | Vertex Financial Report 8th of May 2024 | PairCorr |
| 0.85 | DUOL | Duolingo Buyout Trend | PairCorr |
| 0.82 | ML | MoneyLion Financial Report 14th of May 2024 | PairCorr |
| 0.79 | DJCO | Daily Journal Corp | PairCorr |
| 0.7 | DPSI | DecisionPoint Systems Financial Report 20th of May 2024 | PairCorr |
The ability to find closely correlated positions to Eventbrite could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Eventbrite 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 Eventbrite - 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 Eventbrite Class A to buy it.
The correlation of Eventbrite 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 Eventbrite moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Eventbrite 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 Eventbrite 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 Eventbrite Correlation, Eventbrite Volatility and Eventbrite Alpha and Beta module to complement your research on Eventbrite. Note that the Eventbrite Class A information on this page should be used as a complementary analysis to other Eventbrite'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 Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
Complementary Tools for Eventbrite Stock analysis
When running Eventbrite's price analysis, check to measure Eventbrite'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 Eventbrite is operating at the current time. Most of Eventbrite's value examination focuses on studying past and present price action to predict the probability of Eventbrite's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Eventbrite's price. Additionally, you may evaluate how the addition of Eventbrite to your portfolios can decrease your overall portfolio volatility.
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Eventbrite 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.