Esab Corp Stock Market Value
| ESAB Stock | USD 108.45 0.03 0.03% |
| Symbol | ESAB |
ESAB Corp Price To Book Ratio
Is ESAB Corp'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 ESAB Corp. If investors know ESAB 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 ESAB Corp 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 0.864 | Dividend Share 0.24 | Earnings Share 4.02 | Revenue Per Share 46.124 | Quarterly Revenue Growth 0.008 |
The market value of ESAB Corp is measured differently than its book value, which is the value of ESAB that is recorded on the company's balance sheet. Investors also form their own opinion of ESAB Corp's value that differs from its market value or its book value, called intrinsic value, which is ESAB Corp'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 ESAB Corp's market value can be influenced by many factors that don't directly affect ESAB Corp'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 ESAB Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if ESAB Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ESAB Corp'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.
ESAB Corp '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 ESAB Corp'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 ESAB Corp.
| 12/17/2023 |
| 05/15/2024 |
If you would invest 0.00 in ESAB Corp on December 17, 2023 and sell it all today you would earn a total of 0.00 from holding ESAB Corp or generate 0.0% return on investment in ESAB Corp over 150 days. ESAB Corp is related to or competes with Northwest Pipe, Haynes International, Mayville Engineering, Ryerson Holding, Allegheny Technologies, Worthington Industries, and Insteel Industries. ESAB Corporation engages in formulation, development, manufacture, and supply of consumable products and equipment for u... More
ESAB Corp 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 ESAB Corp'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 ESAB Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.26 | |||
| Information Ratio | 0.144 | |||
| Maximum Drawdown | 8.31 | |||
| Value At Risk | (1.83) | |||
| Potential Upside | 2.79 |
ESAB Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ESAB Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ESAB Corp's standard deviation. In reality, there are many statistical measures that can use ESAB Corp historical prices to predict the future ESAB Corp's volatility.| Risk Adjusted Performance | 0.1305 | |||
| Jensen Alpha | 0.1865 | |||
| Total Risk Alpha | 0.1112 | |||
| Sortino Ratio | 0.1641 | |||
| Treynor Ratio | 0.2176 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of ESAB Corp'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.
ESAB Corp Backtested Returns
ESAB Corp appears to be very steady, given 3 months investment horizon. ESAB Corp retains Efficiency (Sharpe Ratio) of 0.17, which denotes the company had a 0.17% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for ESAB Corp, which you can use to evaluate the volatility of the firm. Please utilize ESAB Corp's Market Risk Adjusted Performance of 0.2276, coefficient of variation of 496.47, and Downside Deviation of 1.26 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, ESAB Corp holds a performance score of 13. The firm owns a Beta (Systematic Risk) of 1.29, 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, ESAB Corp will likely underperform. Please check ESAB Corp's mean deviation, standard deviation, treynor ratio, as well as the relationship between the downside deviation and total risk alpha , to make a quick decision on whether ESAB Corp's current price history will revert.
Auto-correlation | 0.17 |
Very weak predictability
ESAB Corp has very weak predictability. Overlapping area represents the amount of predictability between ESAB Corp time series from 17th of December 2023 to 1st of March 2024 and 1st of March 2024 to 15th 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 ESAB Corp price movement. The serial correlation of 0.17 indicates that over 17.0% of current ESAB Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.17 | |
| Spearman Rank Test | 0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 18.99 |
ESAB Corp lagged returns against current returns
Autocorrelation, which is ESAB Corp 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 ESAB Corp's stock expected returns. We can calculate the autocorrelation of ESAB Corp returns to help us make a trade decision. For example, suppose you find that ESAB Corp 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 |
ESAB Corp 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 ESAB Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ESAB Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ESAB Corp stock over time.
Current vs Lagged Prices |
| Timeline |
ESAB Corp Lagged Returns
When evaluating ESAB Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ESAB Corp stock have on its future price. ESAB Corp 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, ESAB Corp autocorrelation shows the relationship between ESAB Corp stock current value and its past values and can show if there is a momentum factor associated with investing in ESAB Corp.
Regressed Prices |
| Timeline |
ESAB Corp Investors Sentiment
The influence of ESAB Corp's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in ESAB. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to ESAB Corp's public news can be used to forecast risks associated with an investment in ESAB. The trend in average sentiment can be used to explain how an investor holding ESAB can time the market purely based on public headlines and social activities around ESAB Corp. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
ESAB Corp's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for ESAB Corp's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average ESAB Corp's news discussions. The higher the estimated score, the more favorable is the investor's outlook on ESAB Corp.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards ESAB Corp in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, ESAB Corp's short interest history, or implied volatility extrapolated from ESAB Corp options trading.
Pair Trading with ESAB Corp
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 ESAB Corp 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 ESAB Corp will appreciate offsetting losses from the drop in the long position's value.Moving together with ESAB Stock
| 0.85 | TG | Tredegar | PairCorr |
| 0.62 | ATI | Allegheny Technologies | PairCorr |
Moving against ESAB Stock
| 0.74 | SGBX | SG Blocks | PairCorr |
| 0.61 | AP | Ampco Pittsburgh | PairCorr |
| 0.56 | PRLB | Proto Labs | PairCorr |
The ability to find closely correlated positions to ESAB Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ESAB Corp 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 ESAB Corp - 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 ESAB Corp to buy it.
The correlation of ESAB Corp 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 ESAB Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ESAB Corp 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 ESAB Corp 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 ESAB Corp Correlation, ESAB Corp Volatility and ESAB Corp Alpha and Beta module to complement your research on ESAB Corp. For information on how to trade ESAB Stock refer to our How to Trade ESAB Stock guide.Note that the ESAB Corp information on this page should be used as a complementary analysis to other ESAB Corp'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 Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.
Complementary Tools for ESAB Stock analysis
When running ESAB Corp's price analysis, check to measure ESAB Corp'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 ESAB Corp is operating at the current time. Most of ESAB Corp's value examination focuses on studying past and present price action to predict the probability of ESAB Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ESAB Corp's price. Additionally, you may evaluate how the addition of ESAB Corp to your portfolios can decrease your overall portfolio volatility.
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ESAB Corp 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.