Emcore Stock Market Value

EMKR Stock  USD 0.35  0.01  2.78%   
EMCORE's market value is the price at which a share of EMCORE trades on a public exchange. It measures the collective expectations of EMCORE investors about its performance. EMCORE is selling at 0.35 as of the 29th of March 2024; that is -2.78 percent decrease since the beginning of the trading day. The stock's lowest day price was 0.35.
With this module, you can estimate the performance of a buy and hold strategy of EMCORE and determine expected loss or profit from investing in EMCORE over a given investment horizon. Check out EMCORE Correlation, EMCORE Volatility and EMCORE Alpha and Beta module to complement your research on EMCORE.
To learn how to invest in EMCORE Stock, please use our How to Invest in EMCORE guide.
Symbol

EMCORE Price To Book Ratio

Is EMCORE'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 EMCORE. If investors know EMCORE 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 EMCORE 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
(0.25)
Earnings Share
(0.75)
Revenue Per Share
1.582
Quarterly Revenue Growth
0.207
Return On Assets
(0.07)
The market value of EMCORE is measured differently than its book value, which is the value of EMCORE that is recorded on the company's balance sheet. Investors also form their own opinion of EMCORE's value that differs from its market value or its book value, called intrinsic value, which is EMCORE'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 EMCORE's market value can be influenced by many factors that don't directly affect EMCORE'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 EMCORE's value and its price as these two are different measures arrived at by different means. Investors typically determine if EMCORE is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, EMCORE'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.

EMCORE '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 EMCORE'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 EMCORE.
0.00
02/28/2024
No Change 0.00  0.0 
In 30 days
03/29/2024
0.00
If you would invest  0.00  in EMCORE on February 28, 2024 and sell it all today you would earn a total of 0.00 from holding EMCORE or generate 0.0% return on investment in EMCORE over 30 days. EMCORE is related to or competes with American Airlines, Apogee Enterprises, United Airlines, Olympic Steel, Eldorado Gold, and Jeld Wen. EMCORE Corporation, together with its subsidiaries, provides advanced mixed-signal optics products in the United States,... More

EMCORE 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 EMCORE'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 EMCORE upside and downside potential and time the market with a certain degree of confidence.

EMCORE Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for EMCORE's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as EMCORE's standard deviation. In reality, there are many statistical measures that can use EMCORE historical prices to predict the future EMCORE's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of EMCORE'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.
Hype
Prediction
LowEstimatedHigh
0.020.357.51
Details
Intrinsic
Valuation
LowRealHigh
0.020.347.50
Details
Naive
Forecast
LowNextHigh
0.010.267.42
Details
3 Analysts
Consensus
LowTargetHigh
1.902.092.32
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as EMCORE. Your research has to be compared to or analyzed against EMCORE's peers to derive any actionable benefits. When done correctly, EMCORE's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in EMCORE.

EMCORE Backtested Returns

EMCORE retains Efficiency (Sharpe Ratio) of -0.0348, which denotes the company had a -0.0348% return per unit of risk over the last 3 months. EMCORE exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm EMCORE's Market Risk Adjusted Performance of (0), variance of 50.25, and Standard Deviation of 7.09 to check the risk estimate we provide. The firm owns a Beta (Systematic Risk) of 2.45, 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, EMCORE will likely underperform. EMCORE has an expected return of -0.25%. Please make sure to confirm EMCORE jensen alpha, as well as the relationship between the skewness and day median price , to decide if EMCORE performance from the past will be repeated in the future.

Auto-correlation

    
  0.76  

Good predictability

EMCORE has good predictability. Overlapping area represents the amount of predictability between EMCORE time series from 28th of February 2024 to 14th of March 2024 and 14th of March 2024 to 29th of March 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 EMCORE price movement. The serial correlation of 0.76 indicates that around 76.0% of current EMCORE price fluctuation can be explain by its past prices.
Correlation Coefficient0.76
Spearman Rank Test-0.03
Residual Average0.0
Price Variance0.0

EMCORE lagged returns against current returns

Autocorrelation, which is EMCORE 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 EMCORE's stock expected returns. We can calculate the autocorrelation of EMCORE returns to help us make a trade decision. For example, suppose you find that EMCORE 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  

EMCORE 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 EMCORE stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if EMCORE stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in EMCORE stock over time.
   Current vs Lagged Prices   
       Timeline  

EMCORE Lagged Returns

When evaluating EMCORE's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of EMCORE stock have on its future price. EMCORE 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, EMCORE autocorrelation shows the relationship between EMCORE stock current value and its past values and can show if there is a momentum factor associated with investing in EMCORE.
   Regressed Prices   
       Timeline  

Pair Trading with EMCORE

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 EMCORE 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 EMCORE will appreciate offsetting losses from the drop in the long position's value.

Moving against EMCORE Stock

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The ability to find closely correlated positions to EMCORE could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace EMCORE 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 EMCORE - 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 EMCORE to buy it.
The correlation of EMCORE 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 EMCORE moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if EMCORE 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 EMCORE 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.
Pair CorrelationCorrelation Matching
When determining whether EMCORE is a strong investment it is important to analyze EMCORE's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact EMCORE's future performance. For an informed investment choice regarding EMCORE Stock, refer to the following important reports:
Check out EMCORE Correlation, EMCORE Volatility and EMCORE Alpha and Beta module to complement your research on EMCORE.
To learn how to invest in EMCORE Stock, please use our How to Invest in EMCORE guide.
You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.

Complementary Tools for EMCORE Stock analysis

When running EMCORE's price analysis, check to measure EMCORE'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 EMCORE is operating at the current time. Most of EMCORE's value examination focuses on studying past and present price action to predict the probability of EMCORE's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move EMCORE's price. Additionally, you may evaluate how the addition of EMCORE to your portfolios can decrease your overall portfolio volatility.
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EMCORE 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.
A focus of EMCORE technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of EMCORE trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...