Evertec Stock Market Value

EVTC Stock  USD 39.90  0.28  0.71%   
Evertec's market value is the price at which a share of Evertec trades on a public exchange. It measures the collective expectations of Evertec investors about its performance. Evertec is trading at 39.90 as of the 29th of March 2024, a 0.71 percent up since the beginning of the trading day. The stock's open price was 39.62.
With this module, you can estimate the performance of a buy and hold strategy of Evertec and determine expected loss or profit from investing in Evertec over a given investment horizon. Check out Evertec Correlation, Evertec Volatility and Evertec Alpha and Beta module to complement your research on Evertec.
For information on how to trade Evertec Stock refer to our How to Trade Evertec Stock guide.
Symbol

Evertec Price To Book Ratio

Is Evertec'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 Evertec. If investors know Evertec 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 Evertec listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.61)
Dividend Share
0.2
Earnings Share
1.21
Revenue Per Share
10.699
Quarterly Revenue Growth
0.203
The market value of Evertec is measured differently than its book value, which is the value of Evertec that is recorded on the company's balance sheet. Investors also form their own opinion of Evertec's value that differs from its market value or its book value, called intrinsic value, which is Evertec'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 Evertec's market value can be influenced by many factors that don't directly affect Evertec'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 Evertec's value and its price as these two are different measures arrived at by different means. Investors typically determine if Evertec is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Evertec'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.

Evertec '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 Evertec'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 Evertec.
0.00
04/09/2022
No Change 0.00  0.0 
In 1 year 11 months and 21 days
03/29/2024
0.00
If you would invest  0.00  in Evertec on April 9, 2022 and sell it all today you would earn a total of 0.00 from holding Evertec or generate 0.0% return on investment in Evertec over 720 days. Evertec is related to or competes with SentinelOne, BlackBerry, Global Blue, Aurora Mobile, Marqeta, Nextnav Acquisition, and Block. EVERTEC, Inc. engages in transaction processing business in Latin America and the Caribbean More

Evertec 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 Evertec'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 Evertec upside and downside potential and time the market with a certain degree of confidence.

Evertec Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Evertec's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Evertec's standard deviation. In reality, there are many statistical measures that can use Evertec historical prices to predict the future Evertec's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Evertec'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
37.8839.9041.92
Details
Intrinsic
Valuation
LowRealHigh
37.5039.5241.54
Details
Naive
Forecast
LowNextHigh
38.8040.8242.84
Details
6 Analysts
Consensus
LowTargetHigh
38.5242.3346.99
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Evertec. Your research has to be compared to or analyzed against Evertec's peers to derive any actionable benefits. When done correctly, Evertec'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 Evertec.

Evertec Backtested Returns

Evertec secures Sharpe Ratio (or Efficiency) of -0.008, which denotes the company had a -0.008% return per unit of risk over the last 3 months. Evertec exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Evertec's Standard Deviation of 1.95, variance of 3.82, and Mean Deviation of 1.25 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.63, 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, Evertec will likely underperform. Evertec has an expected return of -0.0163%. Please make sure to confirm Evertec potential upside, and the relationship between the jensen alpha and daily balance of power , to decide if Evertec performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  -0.26  

Weak reverse predictability

Evertec has weak reverse predictability. Overlapping area represents the amount of predictability between Evertec time series from 9th of April 2022 to 4th of April 2023 and 4th of April 2023 to 29th 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 Evertec price movement. The serial correlation of -0.26 indicates that nearly 26.0% of current Evertec price fluctuation can be explain by its past prices.
Correlation Coefficient-0.26
Spearman Rank Test-0.23
Residual Average0.0
Price Variance7.02

Evertec lagged returns against current returns

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

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

Evertec Lagged Returns

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

Pair Trading with Evertec

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 Evertec 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 Evertec will appreciate offsetting losses from the drop in the long position's value.

Moving against Evertec Stock

  0.52MOGO Mogo Inc Financial Report 9th of May 2024 PairCorr
  0.48SQ Block Inc Financial Report 2nd of May 2024 PairCorr
The ability to find closely correlated positions to Evertec could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Evertec 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 Evertec - 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 Evertec to buy it.
The correlation of Evertec 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 Evertec moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Evertec 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 Evertec 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 Evertec offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Evertec's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Evertec Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Evertec Stock:
Check out Evertec Correlation, Evertec Volatility and Evertec Alpha and Beta module to complement your research on Evertec.
For information on how to trade Evertec Stock refer to our How to Trade Evertec Stock guide.
You can also try the Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.

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When running Evertec's price analysis, check to measure Evertec'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 Evertec is operating at the current time. Most of Evertec's value examination focuses on studying past and present price action to predict the probability of Evertec's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Evertec's price. Additionally, you may evaluate how the addition of Evertec to your portfolios can decrease your overall portfolio volatility.
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Evertec 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 Evertec technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Evertec 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...