Everquote Class A Stock Market Value

EVER Stock  USD 18.56  0.19  1.01%   
EverQuote's market value is the price at which a share of EverQuote trades on a public exchange. It measures the collective expectations of EverQuote Class A investors about its performance. EverQuote is selling at 18.56 as of the 28th of March 2024; that is -1.01 percent decrease since the beginning of the trading day. The stock's lowest day price was 18.5.
With this module, you can estimate the performance of a buy and hold strategy of EverQuote Class A and determine expected loss or profit from investing in EverQuote over a given investment horizon. Check out EverQuote Correlation, EverQuote Volatility and EverQuote Alpha and Beta module to complement your research on EverQuote.
Symbol

EverQuote Class A Price To Book Ratio

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.

EverQuote '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 EverQuote'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 EverQuote.
0.00
02/27/2024
No Change 0.00  0.0 
In 31 days
03/28/2024
0.00
If you would invest  0.00  in EverQuote on February 27, 2024 and sell it all today you would earn a total of 0.00 from holding EverQuote Class A or generate 0.0% return on investment in EverQuote over 30 days. EverQuote is related to or competes with Zhihu, DouYu International, Outbrain, and Zillow Group. EverQuote, Inc. operates an online marketplace for insurance shopping in the United States More

EverQuote 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 EverQuote'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 EverQuote Class A upside and downside potential and time the market with a certain degree of confidence.

EverQuote Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for EverQuote's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as EverQuote's standard deviation. In reality, there are many statistical measures that can use EverQuote historical prices to predict the future EverQuote's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of EverQuote'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.
Hype
Prediction
LowEstimatedHigh
15.9719.7023.43
Details
Intrinsic
Valuation
LowRealHigh
9.1512.8820.63
Details
Naive
Forecast
LowNextHigh
15.2518.9822.71
Details
7 Analysts
Consensus
LowTargetHigh
7.968.759.71
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as EverQuote. Your research has to be compared to or analyzed against EverQuote's peers to derive any actionable benefits. When done correctly, EverQuote's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in EverQuote Class A.

EverQuote Class A Backtested Returns

EverQuote appears to be somewhat reliable, given 3 months investment horizon. EverQuote Class A secures Sharpe Ratio (or Efficiency) of 0.2, which denotes the company had a 0.2% return per unit of risk over the last 3 months. By reviewing EverQuote's technical indicators, you can evaluate if the expected return of 0.74% is justified by implied risk. Please utilize EverQuote's Downside Deviation of 3.3, coefficient of variation of 558.65, and Mean Deviation of 2.86 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, EverQuote holds a performance score of 15. The firm shows a Beta (market volatility) of 2.16, 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, EverQuote will likely underperform. Please check EverQuote's value at risk, and the relationship between the jensen alpha and skewness , to make a quick decision on whether EverQuote's price patterns will revert.

Auto-correlation

    
  0.63  

Good predictability

EverQuote Class A has good predictability. Overlapping area represents the amount of predictability between EverQuote time series from 27th of February 2024 to 13th of March 2024 and 13th of March 2024 to 28th of March 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 EverQuote Class A price movement. The serial correlation of 0.63 indicates that roughly 63.0% of current EverQuote price fluctuation can be explain by its past prices.
Correlation Coefficient0.63
Spearman Rank Test-0.43
Residual Average0.0
Price Variance0.37

EverQuote Class A lagged returns against current returns

Autocorrelation, which is EverQuote 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 EverQuote's stock expected returns. We can calculate the autocorrelation of EverQuote returns to help us make a trade decision. For example, suppose you find that EverQuote 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  

EverQuote 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 EverQuote stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if EverQuote stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in EverQuote stock over time.
   Current vs Lagged Prices   
       Timeline  

EverQuote Lagged Returns

When evaluating EverQuote's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of EverQuote stock have on its future price. EverQuote 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, EverQuote autocorrelation shows the relationship between EverQuote stock current value and its past values and can show if there is a momentum factor associated with investing in EverQuote Class A.
   Regressed Prices   
       Timeline  

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

  0.8TC TuanChe ADR Report 3rd of April 2024 PairCorr
  0.69CCG Cheche Group Report 25th of September 2024 PairCorr
  0.62ZH Zhihu Inc ADRPairCorr
  0.62DOYU DouYu International Downward RallyPairCorr
  0.51MTCH Match Group Financial Report 7th 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.
Pair CorrelationCorrelation Matching
When determining whether EverQuote Class A is a strong investment it is important to analyze EverQuote's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact EverQuote's future performance. For an informed investment choice regarding EverQuote Stock, refer to the following important reports:
Check out EverQuote Correlation, EverQuote Volatility and EverQuote Alpha and Beta module to complement your research on EverQuote.
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 Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.

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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EverQuote 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.
A focus of EverQuote technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of EverQuote trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...