Ezgo Technologies Stock Market Value
| EZGO Stock | USD 1.84 0.04 2.13% |
| Symbol | EZGO |
EZGO Technologies Price To Book Ratio
Is EZGO Technologies' 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 EZGO Technologies. If investors know EZGO 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 EZGO Technologies 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 0.771 | Earnings Share (6.00) | Revenue Per Share 13.88 | Quarterly Revenue Growth (0.14) | Return On Assets (0.05) |
The market value of EZGO Technologies is measured differently than its book value, which is the value of EZGO that is recorded on the company's balance sheet. Investors also form their own opinion of EZGO Technologies' value that differs from its market value or its book value, called intrinsic value, which is EZGO Technologies' 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 EZGO Technologies' market value can be influenced by many factors that don't directly affect EZGO Technologies' 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 EZGO Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if EZGO Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, EZGO Technologies' 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.
EZGO Technologies '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 EZGO Technologies' 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 EZGO Technologies.
| 02/19/2024 |
| 05/19/2024 |
If you would invest 0.00 in EZGO Technologies on February 19, 2024 and sell it all today you would earn a total of 0.00 from holding EZGO Technologies or generate 0.0% return on investment in EZGO Technologies over 90 days. EZGO Technologies is related to or competes with Forza X1, Vision Marine, Marine Products, Thor Industries, BRP, Brunswick, and Life Electric. EZGO Technologies Ltd., through its subsidiaries, engages in the design, manufacture, rental, and sale of e-bicycles and... More
EZGO Technologies 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 EZGO Technologies' 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 EZGO Technologies upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 39.75 | |||
| Value At Risk | (10.19) | |||
| Potential Upside | 10.47 |
EZGO Technologies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for EZGO Technologies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as EZGO Technologies' standard deviation. In reality, there are many statistical measures that can use EZGO Technologies historical prices to predict the future EZGO Technologies' volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.89) | |||
| Total Risk Alpha | (1.96) | |||
| Treynor Ratio | (1.09) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of EZGO Technologies' 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.
EZGO Technologies Backtested Returns
EZGO Technologies secures Sharpe Ratio (or Efficiency) of -0.12, which denotes the company had a -0.12% return per unit of return volatility over the last 3 months. EZGO Technologies exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm EZGO Technologies' standard deviation of 7.47, and Mean Deviation of 4.86 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.75, which means possible diversification benefits within a given portfolio. As returns on the market increase, EZGO Technologies' returns are expected to increase less than the market. However, during the bear market, the loss of holding EZGO Technologies is expected to be smaller as well. EZGO Technologies has an expected return of -0.91%. Please make sure to confirm EZGO Technologies treynor ratio, as well as the relationship between the kurtosis and day typical price , to decide if EZGO Technologies performance from the past will be repeated at future time.
Auto-correlation | 0.26 |
Poor predictability
EZGO Technologies has poor predictability. Overlapping area represents the amount of predictability between EZGO Technologies time series from 19th of February 2024 to 4th of April 2024 and 4th of April 2024 to 19th 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 EZGO Technologies price movement. The serial correlation of 0.26 indicates that nearly 26.0% of current EZGO Technologies price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.26 | |
| Spearman Rank Test | 0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
EZGO Technologies lagged returns against current returns
Autocorrelation, which is EZGO Technologies 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 EZGO Technologies' stock expected returns. We can calculate the autocorrelation of EZGO Technologies returns to help us make a trade decision. For example, suppose you find that EZGO Technologies 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 |
EZGO Technologies 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 EZGO Technologies stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if EZGO Technologies stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in EZGO Technologies stock over time.
Current vs Lagged Prices |
| Timeline |
EZGO Technologies Lagged Returns
When evaluating EZGO Technologies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of EZGO Technologies stock have on its future price. EZGO Technologies 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, EZGO Technologies autocorrelation shows the relationship between EZGO Technologies stock current value and its past values and can show if there is a momentum factor associated with investing in EZGO Technologies.
Regressed Prices |
| Timeline |
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Try AI Portfolio ArchitectCheck out EZGO Technologies Correlation, EZGO Technologies Volatility and EZGO Technologies Alpha and Beta module to complement your research on EZGO Technologies. To learn how to invest in EZGO Stock, please use our How to Invest in EZGO Technologies guide.Note that the EZGO Technologies information on this page should be used as a complementary analysis to other EZGO Technologies' 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 Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
Complementary Tools for EZGO Stock analysis
When running EZGO Technologies' price analysis, check to measure EZGO Technologies' 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 EZGO Technologies is operating at the current time. Most of EZGO Technologies' value examination focuses on studying past and present price action to predict the probability of EZGO Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move EZGO Technologies' price. Additionally, you may evaluate how the addition of EZGO Technologies to your portfolios can decrease your overall portfolio volatility.
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EZGO Technologies 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.