Ekso Bionics Holdings Stock Market Value
| EKSO Stock | USD 1.45 0.09 6.62% |
| Symbol | Ekso |
Ekso Bionics Holdings Price To Book Ratio
Is Ekso Bionics' 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 Ekso Bionics. If investors know Ekso 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 Ekso Bionics listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.97) | Revenue Per Share 1.202 | Quarterly Revenue Growth (0.09) | Return On Assets (0.26) | Return On Equity (0.81) |
The market value of Ekso Bionics Holdings is measured differently than its book value, which is the value of Ekso that is recorded on the company's balance sheet. Investors also form their own opinion of Ekso Bionics' value that differs from its market value or its book value, called intrinsic value, which is Ekso Bionics' 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 Ekso Bionics' market value can be influenced by many factors that don't directly affect Ekso Bionics' 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 Ekso Bionics' value and its price as these two are different measures arrived at by different means. Investors typically determine if Ekso Bionics is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ekso Bionics' 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.
Ekso Bionics '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 Ekso Bionics' 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 Ekso Bionics.
| 04/16/2024 |
| 05/16/2024 |
If you would invest 0.00 in Ekso Bionics on April 16, 2024 and sell it all today you would earn a total of 0.00 from holding Ekso Bionics Holdings or generate 0.0% return on investment in Ekso Bionics over 30 days. Ekso Bionics is related to or competes with Pro Dex, Coloplast, Straumann Holding, Nephros, InfuSystems Holdings, Precision Optics, and Milestone Scientific. Ekso Bionics Holdings, Inc. designs, develops, sells, and rents exoskeleton products in the Americas, Europe, the Middle... More
Ekso Bionics 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 Ekso Bionics' 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 Ekso Bionics Holdings upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 30.29 | |||
| Value At Risk | (8.70) | |||
| Potential Upside | 7.14 |
Ekso Bionics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ekso Bionics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ekso Bionics' standard deviation. In reality, there are many statistical measures that can use Ekso Bionics historical prices to predict the future Ekso Bionics' volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.30) | |||
| Total Risk Alpha | (1.12) | |||
| Treynor Ratio | 0.2683 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Ekso Bionics' 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.
Ekso Bionics Holdings Backtested Returns
Ekso Bionics Holdings secures Sharpe Ratio (or Efficiency) of -0.0679, which denotes the company had a -0.0679% return per unit of risk over the last 3 months. Ekso Bionics Holdings exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Ekso Bionics' Mean Deviation of 4.09, standard deviation of 5.38, and Variance of 28.97 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -1.6, which means a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Ekso Bionics are expected to decrease by larger amounts. On the other hand, during market turmoil, Ekso Bionics is expected to outperform it. Ekso Bionics Holdings has an expected return of -0.38%. Please make sure to confirm Ekso Bionics Holdings total risk alpha, kurtosis, as well as the relationship between the Kurtosis and day typical price , to decide if Ekso Bionics Holdings performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.09 |
Virtually no predictability
Ekso Bionics Holdings has virtually no predictability. Overlapping area represents the amount of predictability between Ekso Bionics time series from 16th of April 2024 to 1st of May 2024 and 1st of May 2024 to 16th of May 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 Ekso Bionics Holdings price movement. The serial correlation of 0.09 indicates that less than 9.0% of current Ekso Bionics price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.09 | |
| Spearman Rank Test | -0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Ekso Bionics Holdings lagged returns against current returns
Autocorrelation, which is Ekso Bionics 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 Ekso Bionics' stock expected returns. We can calculate the autocorrelation of Ekso Bionics returns to help us make a trade decision. For example, suppose you find that Ekso Bionics 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 |
Ekso Bionics 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 Ekso Bionics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ekso Bionics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ekso Bionics stock over time.
Current vs Lagged Prices |
| Timeline |
Ekso Bionics Lagged Returns
When evaluating Ekso Bionics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ekso Bionics stock have on its future price. Ekso Bionics 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, Ekso Bionics autocorrelation shows the relationship between Ekso Bionics stock current value and its past values and can show if there is a momentum factor associated with investing in Ekso Bionics Holdings.
Regressed Prices |
| Timeline |
Pair Trading with Ekso Bionics
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 Ekso Bionics 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 Ekso Bionics will appreciate offsetting losses from the drop in the long position's value.Moving together with Ekso Stock
| 0.61 | NPCE | Neuropace Downward Rally | PairCorr |
Moving against Ekso Stock
| 0.78 | SGHT | Sight Sciences | PairCorr |
| 0.65 | CGC | Canopy Growth Corp Upward Rally | PairCorr |
| 0.61 | ACB | Aurora Cannabis Buyout Trend | PairCorr |
| 0.52 | ATNFW | CannBioRx Life Sciences | PairCorr |
| 0.5 | CRON | Cronos Group Buyout Trend | PairCorr |
The ability to find closely correlated positions to Ekso Bionics could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ekso Bionics 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 Ekso Bionics - 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 Ekso Bionics Holdings to buy it.
The correlation of Ekso Bionics 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 Ekso Bionics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ekso Bionics Holdings 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 Ekso Bionics 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 Ekso Bionics Correlation, Ekso Bionics Volatility and Ekso Bionics Alpha and Beta module to complement your research on Ekso Bionics. You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.
Complementary Tools for Ekso Stock analysis
When running Ekso Bionics' price analysis, check to measure Ekso Bionics' 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 Ekso Bionics is operating at the current time. Most of Ekso Bionics' value examination focuses on studying past and present price action to predict the probability of Ekso Bionics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ekso Bionics' price. Additionally, you may evaluate how the addition of Ekso Bionics to your portfolios can decrease your overall portfolio volatility.
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Ekso Bionics 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.