Encompass Health Corp Stock Market Value
| EHC Stock | USD 85.00 0.27 0.32% |
| Symbol | Encompass |
Encompass Health Corp Price To Book Ratio
Is Health Care Providers & Services 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 Encompass Health. If investors know Encompass 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 Encompass Health 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 0.266 | Dividend Share 0.6 | Earnings Share 3.82 | Revenue Per Share 49.767 | Quarterly Revenue Growth 0.134 |
The market value of Encompass Health Corp is measured differently than its book value, which is the value of Encompass that is recorded on the company's balance sheet. Investors also form their own opinion of Encompass Health's value that differs from its market value or its book value, called intrinsic value, which is Encompass Health'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 Encompass Health's market value can be influenced by many factors that don't directly affect Encompass Health'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 Encompass Health's value and its price as these two are different measures arrived at by different means. Investors typically determine if Encompass Health is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Encompass Health'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.
Encompass Health '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 Encompass Health'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 Encompass Health.
| 05/08/2024 |
| 06/07/2024 |
If you would invest 0.00 in Encompass Health on May 8, 2024 and sell it all today you would earn a total of 0.00 from holding Encompass Health Corp or generate 0.0% return on investment in Encompass Health over 30 days. Encompass Health is related to or competes with Enhabit, and Joint Corp. Encompass Health Corporation provides facility-based and home-based post-acute healthcare services in the United States More
Encompass Health 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 Encompass Health'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 Encompass Health Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.1 | |||
| Information Ratio | 0.1234 | |||
| Maximum Drawdown | 9.71 | |||
| Value At Risk | (1.46) | |||
| Potential Upside | 2.4 |
Encompass Health Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Encompass Health's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Encompass Health's standard deviation. In reality, there are many statistical measures that can use Encompass Health historical prices to predict the future Encompass Health's volatility.| Risk Adjusted Performance | 0.0985 | |||
| Jensen Alpha | 0.1712 | |||
| Total Risk Alpha | 0.1431 | |||
| Sortino Ratio | 0.1604 | |||
| Treynor Ratio | 0.1709 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Encompass Health'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.
Encompass Health Corp Backtested Returns
Encompass Health appears to be very steady, given 3 months investment horizon. Encompass Health Corp secures Sharpe Ratio (or Efficiency) of 0.14, which denotes the company had a 0.14% return per unit of standard deviation over the last 3 months. We have found twenty-seven technical indicators for Encompass Health Corp, which you can use to evaluate the volatility of the firm. Please utilize Encompass Health's Mean Deviation of 1.07, semi deviation of 0.9206, and Downside Deviation of 1.1 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Encompass Health holds a performance score of 11. The firm shows a Beta (market volatility) of 1.18, 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, Encompass Health will likely underperform. Please check Encompass Health's semi deviation, jensen alpha, maximum drawdown, as well as the relationship between the coefficient of variation and sortino ratio , to make a quick decision on whether Encompass Health's price patterns will revert.
Auto-correlation | 0.41 |
Average predictability
Encompass Health Corp has average predictability. Overlapping area represents the amount of predictability between Encompass Health time series from 8th of May 2024 to 23rd of May 2024 and 23rd of May 2024 to 7th 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 Encompass Health Corp price movement. The serial correlation of 0.41 indicates that just about 41.0% of current Encompass Health price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.41 | |
| Spearman Rank Test | -0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 0.79 |
Encompass Health Corp lagged returns against current returns
Autocorrelation, which is Encompass Health 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 Encompass Health's stock expected returns. We can calculate the autocorrelation of Encompass Health returns to help us make a trade decision. For example, suppose you find that Encompass Health 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 |
Encompass Health 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 Encompass Health stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Encompass Health stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Encompass Health stock over time.
Current vs Lagged Prices |
| Timeline |
Encompass Health Lagged Returns
When evaluating Encompass Health's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Encompass Health stock have on its future price. Encompass Health 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, Encompass Health autocorrelation shows the relationship between Encompass Health stock current value and its past values and can show if there is a momentum factor associated with investing in Encompass Health Corp.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Information and Resources on Investing in Encompass Stock
When determining whether Encompass Health Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Encompass Health'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 Encompass Health Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Encompass Health Corp Stock:Check out Encompass Health Correlation, Encompass Health Volatility and Encompass Health Alpha and Beta module to complement your research on Encompass Health. You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Encompass Health 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.