Envela Corp Stock Beta
| ELA Stock | USD 4.32 0.10 2.26% |
Envela Corp fundamentals help investors to digest information that contributes to Envela Corp's financial success or failures. It also enables traders to predict the movement of Envela Stock. The fundamental analysis module provides a way to measure Envela Corp's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Envela Corp stock.
Envela | Beta |
Envela Corp Company Beta Analysis
Envela Corp's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current Envela Corp Beta | 0.091 |
Most of Envela Corp's fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Envela Corp is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Envela Beta Driver Correlations
Understanding the fundamental principles of building solid financial models for Envela Corp is extremely important. It helps to project a fair market value of Envela Stock properly, considering its historical fundamentals such as Beta. Since Envela Corp's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Envela Corp's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Envela Corp's interrelated accounts and indicators.
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In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
| Competition |
In accordance with the recently published financial statements, Envela Corp has a Beta of 0.091. This is 89.17% lower than that of the Specialty Retail sector and 93.85% lower than that of the Consumer Discretionary industry. The beta for all United States stocks is 160.67% lower than that of the firm.
Envela Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Envela Corp's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Envela Corp could also be used in its relative valuation, which is a method of valuing Envela Corp by comparing valuation metrics of similar companies.Envela Corp is currently under evaluation in beta category among related companies.
Envela Corp Current Valuation Drivers
We derive many important indicators used in calculating different scores of Envela Corp from analyzing Envela Corp's financial statements. These drivers represent accounts that assess Envela Corp's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Envela Corp's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 36.3M | 140.0M | 109.6M | 141.6M | 130.4M | 79.3M | |
| Enterprise Value | 45.1M | 151.0M | 125.6M | 146.5M | 131.8M | 83.1M |
As returns on the market increase, Envela Corp's returns are expected to increase less than the market. However, during the bear market, the loss of holding Envela Corp is expected to be smaller as well.
Envela Fundamentals
| Return On Equity | 0.16 | ||||
| Return On Asset | 0.0756 | ||||
| Profit Margin | 0.04 % | ||||
| Operating Margin | 0.04 % | ||||
| Current Valuation | 118.44 M | ||||
| Shares Outstanding | 26.35 M | ||||
| Shares Owned By Insiders | 73.74 % | ||||
| Shares Owned By Institutions | 8.57 % | ||||
| Number Of Shares Shorted | 361.91 K | ||||
| Price To Earning | 16.55 X | ||||
| Price To Book | 2.37 X | ||||
| Price To Sales | 0.67 X | ||||
| Revenue | 171.67 M | ||||
| Gross Profit | 44.83 M | ||||
| EBITDA | 10.12 M | ||||
| Net Income | 7.15 M | ||||
| Cash And Equivalents | 17.17 M | ||||
| Cash Per Share | 0.52 X | ||||
| Total Debt | 19.3 M | ||||
| Debt To Equity | 0.69 % | ||||
| Current Ratio | 4.03 X | ||||
| Book Value Per Share | 1.82 X | ||||
| Cash Flow From Operations | 5.84 M | ||||
| Short Ratio | 8.80 X | ||||
| Earnings Per Share | 0.27 X | ||||
| Target Price | 7.0 | ||||
| Number Of Employees | 288 | ||||
| Beta | 0.091 | ||||
| Market Capitalization | 116.47 M | ||||
| Total Asset | 73.47 M | ||||
| Retained Earnings | 10.02 M | ||||
| Working Capital | 40.9 M | ||||
| Current Asset | 1.12 B | ||||
| Current Liabilities | 1.02 B | ||||
| Net Asset | 73.47 M |
About Envela Corp Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Envela Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Envela Corp using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Envela Corp based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Envela 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 Envela 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 Envela Corp will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Envela 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 Envela 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 Envela 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 Envela Corp to buy it.
The correlation of Envela 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 Envela Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Envela 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 Envela 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 Envela Corp Piotroski F Score and Envela Corp Altman Z Score analysis. For information on how to trade Envela Stock refer to our How to Trade Envela Stock guide.You can also try the Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.
Complementary Tools for Envela Stock analysis
When running Envela Corp's price analysis, check to measure Envela 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 Envela Corp is operating at the current time. Most of Envela Corp's value examination focuses on studying past and present price action to predict the probability of Envela 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 Envela Corp's price. Additionally, you may evaluate how the addition of Envela Corp to your portfolios can decrease your overall portfolio volatility.
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Is Envela 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 Envela Corp. If investors know Envela 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 Envela 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 (0.78) | Earnings Share 0.27 | Revenue Per Share 6.4 | Quarterly Revenue Growth (0.23) | Return On Assets 0.0756 |
The market value of Envela Corp is measured differently than its book value, which is the value of Envela that is recorded on the company's balance sheet. Investors also form their own opinion of Envela Corp's value that differs from its market value or its book value, called intrinsic value, which is Envela 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 Envela Corp's market value can be influenced by many factors that don't directly affect Envela 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 Envela Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Envela Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Envela 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.