Egain Stock Market Value
EGAN Stock | USD 6.17 0.24 4.05% |
Symbol | EGain |
eGain Price To Book Ratio
Is EGain'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 EGain. If investors know EGain 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 EGain 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 (0.71) | Earnings Share 0.28 | Revenue Per Share 3.03 | Quarterly Revenue Growth (0.03) | Return On Assets 0.0376 |
The market value of eGain is measured differently than its book value, which is the value of EGain that is recorded on the company's balance sheet. Investors also form their own opinion of EGain's value that differs from its market value or its book value, called intrinsic value, which is EGain'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 EGain's market value can be influenced by many factors that don't directly affect EGain'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 EGain's value and its price as these two are different measures arrived at by different means. Investors typically determine if EGain is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, EGain'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.
EGain '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 EGain'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 EGain.
05/03/2024 |
| 06/02/2024 |
If you would invest 0.00 in EGain on May 3, 2024 and sell it all today you would earn a total of 0.00 from holding eGain or generate 0.0% return on investment in EGain over 30 days. EGain is related to or competes with Issuer Direct, Research Solutions, Alkami Technology, Agilysys, ADEIA P, Paycor HCM, and Where Food. eGain Corporation develops, licenses, implements, and supports customer service infrastructure software solutions in Nor... More
EGain 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 EGain'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 eGain upside and downside potential and time the market with a certain degree of confidence.
Downside Deviation | 2.95 | |||
Information Ratio | 0.0068 | |||
Maximum Drawdown | 19.06 | |||
Value At Risk | (3.80) | |||
Potential Upside | 3.74 |
EGain Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for EGain's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as EGain's standard deviation. In reality, there are many statistical measures that can use EGain historical prices to predict the future EGain's volatility.Risk Adjusted Performance | 0.0229 | |||
Jensen Alpha | 0.0238 | |||
Total Risk Alpha | (0.09) | |||
Sortino Ratio | 0.0059 | |||
Treynor Ratio | 0.0643 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of EGain'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.
eGain Backtested Returns
We consider EGain somewhat reliable. eGain secures Sharpe Ratio (or Efficiency) of 0.014, which denotes the company had a 0.014% return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for eGain, which you can use to evaluate the volatility of the firm. Please confirm EGain's Risk Adjusted Performance of 0.0229, semi deviation of 2.76, and Mean Deviation of 1.62 to check if the risk estimate we provide is consistent with the expected return of 0.0361%. EGain has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.82, which means possible diversification benefits within a given portfolio. As returns on the market increase, EGain's returns are expected to increase less than the market. However, during the bear market, the loss of holding EGain is expected to be smaller as well. eGain currently shows a risk of 2.58%. Please confirm eGain value at risk, daily balance of power, and the relationship between the total risk alpha and expected short fall , to decide if eGain will be following its price patterns.
Auto-correlation | 0.59 |
Modest predictability
eGain has modest predictability. Overlapping area represents the amount of predictability between EGain time series from 3rd of May 2024 to 18th of May 2024 and 18th of May 2024 to 2nd of June 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 eGain price movement. The serial correlation of 0.59 indicates that roughly 59.0% of current EGain price fluctuation can be explain by its past prices.
Correlation Coefficient | 0.59 | |
Spearman Rank Test | 0.24 | |
Residual Average | 0.0 | |
Price Variance | 0.02 |
eGain lagged returns against current returns
Autocorrelation, which is EGain 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 EGain's stock expected returns. We can calculate the autocorrelation of EGain returns to help us make a trade decision. For example, suppose you find that EGain 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 |
EGain 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 EGain stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if EGain stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in EGain stock over time.
Current vs Lagged Prices |
Timeline |
EGain Lagged Returns
When evaluating EGain's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of EGain stock have on its future price. EGain 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, EGain autocorrelation shows the relationship between EGain stock current value and its past values and can show if there is a momentum factor associated with investing in eGain.
Regressed Prices |
Timeline |
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Try AI Portfolio ArchitectCheck out EGain Correlation, EGain Volatility and EGain Alpha and Beta module to complement your research on EGain. To learn how to invest in EGain Stock, please use our How to Invest in EGain guide.Note that the eGain information on this page should be used as a complementary analysis to other EGain'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 Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
Complementary Tools for EGain Stock analysis
When running EGain's price analysis, check to measure EGain'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 EGain is operating at the current time. Most of EGain's value examination focuses on studying past and present price action to predict the probability of EGain's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move EGain's price. Additionally, you may evaluate how the addition of EGain to your portfolios can decrease your overall portfolio volatility.
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EGain 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.