Ehang Holdings Stock Market Value
| EH Stock | USD 17.38 0.94 5.13% |
| Symbol | Ehang |
Ehang Holdings Price To Book Ratio
Is Ehang Holdings' 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 Ehang Holdings. If investors know Ehang 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 Ehang Holdings listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.69) | Revenue Per Share 1.933 | Quarterly Revenue Growth 2.609 | Return On Assets (0.33) | Return On Equity (1.44) |
The market value of Ehang Holdings is measured differently than its book value, which is the value of Ehang that is recorded on the company's balance sheet. Investors also form their own opinion of Ehang Holdings' value that differs from its market value or its book value, called intrinsic value, which is Ehang Holdings' 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 Ehang Holdings' market value can be influenced by many factors that don't directly affect Ehang Holdings' 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 Ehang Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if Ehang Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ehang Holdings' 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.
Ehang Holdings '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 Ehang Holdings' 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 Ehang Holdings.
| 04/04/2024 |
| 05/04/2024 |
If you would invest 0.00 in Ehang Holdings on April 4, 2024 and sell it all today you would earn a total of 0.00 from holding Ehang Holdings or generate 0.0% return on investment in Ehang Holdings over 30 days. Ehang Holdings is related to or competes with Archer Aviation, Vertical Aerospace, Rocket Lab, Terran Orbital, Lilium NV, Eve Holding, and Draganfly. EHang Holdings Limited operates as an autonomous aerial vehicle technology platform company in the Peoples Republic of C... More
Ehang Holdings 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 Ehang Holdings' 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 Ehang Holdings upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.01 | |||
| Information Ratio | 0.1612 | |||
| Maximum Drawdown | 28.29 | |||
| Value At Risk | (7.41) | |||
| Potential Upside | 12.47 |
Ehang Holdings Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ehang Holdings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ehang Holdings' standard deviation. In reality, there are many statistical measures that can use Ehang Holdings historical prices to predict the future Ehang Holdings' volatility.| Risk Adjusted Performance | 0.1189 | |||
| Jensen Alpha | 0.752 | |||
| Total Risk Alpha | 0.5554 | |||
| Sortino Ratio | 0.1804 | |||
| Treynor Ratio | 0.2175 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Ehang Holdings' 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.
Ehang Holdings Backtested Returns
Ehang Holdings is somewhat reliable given 3 months investment horizon. Ehang Holdings secures Sharpe Ratio (or Efficiency) of 0.2, which denotes the company had a 0.2% return per unit of standard deviation over the last 3 months. We have analyze and collected data for twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.11% are justified by taking the suggested risk. Use Ehang Holdings Mean Deviation of 4.24, downside deviation of 5.01, and Semi Deviation of 4.51 to evaluate company specific risk that cannot be diversified away. Ehang Holdings holds a performance score of 15 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of 4.36, 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, Ehang Holdings will likely underperform. Use Ehang Holdings sortino ratio, semi variance, and the relationship between the standard deviation and value at risk , to analyze future returns on Ehang Holdings.
Auto-correlation | -0.5 |
Modest reverse predictability
Ehang Holdings has modest reverse predictability. Overlapping area represents the amount of predictability between Ehang Holdings time series from 4th of April 2024 to 19th of April 2024 and 19th of April 2024 to 4th 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 Ehang Holdings price movement. The serial correlation of -0.5 indicates that about 50.0% of current Ehang Holdings price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.5 | |
| Spearman Rank Test | -0.6 | |
| Residual Average | 0.0 | |
| Price Variance | 0.24 |
Ehang Holdings lagged returns against current returns
Autocorrelation, which is Ehang Holdings 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 Ehang Holdings' stock expected returns. We can calculate the autocorrelation of Ehang Holdings returns to help us make a trade decision. For example, suppose you find that Ehang Holdings 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 |
Ehang Holdings 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 Ehang Holdings stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ehang Holdings stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ehang Holdings stock over time.
Current vs Lagged Prices |
| Timeline |
Ehang Holdings Lagged Returns
When evaluating Ehang Holdings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ehang Holdings stock have on its future price. Ehang Holdings 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, Ehang Holdings autocorrelation shows the relationship between Ehang Holdings stock current value and its past values and can show if there is a momentum factor associated with investing in Ehang Holdings.
Regressed Prices |
| Timeline |
Pair Trading with Ehang Holdings
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 Ehang Holdings 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 Ehang Holdings will appreciate offsetting losses from the drop in the long position's value.Moving together with Ehang Stock
| 0.9 | CW | Curtiss Wright | PairCorr |
| 0.9 | GD | General Dynamics Financial Report 24th of July 2024 | PairCorr |
Moving against Ehang Stock
| 0.94 | AZ | A2Z Smart Technologies | PairCorr |
| 0.82 | BA | Boeing Financial Report 24th of July 2024 | PairCorr |
| 0.63 | EVEX | Eve Holding Financial Report 14th of May 2024 | PairCorr |
| 0.52 | ESLT | Elbit Systems Financial Report 4th of June 2024 | PairCorr |
| 0.41 | DPRO | Draganfly Financial Report 14th of May 2024 | PairCorr |
The ability to find closely correlated positions to Ehang Holdings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ehang Holdings 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 Ehang Holdings - 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 Ehang Holdings to buy it.
The correlation of Ehang Holdings 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 Ehang Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ehang 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 Ehang Holdings 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 Ehang Holdings Correlation, Ehang Holdings Volatility and Ehang Holdings Alpha and Beta module to complement your research on Ehang Holdings. For more detail on how to invest in Ehang Stock please use our How to Invest in Ehang Holdings guide.Note that the Ehang Holdings information on this page should be used as a complementary analysis to other Ehang Holdings' 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 Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.
Complementary Tools for Ehang Stock analysis
When running Ehang Holdings' price analysis, check to measure Ehang Holdings' 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 Ehang Holdings is operating at the current time. Most of Ehang Holdings' value examination focuses on studying past and present price action to predict the probability of Ehang Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ehang Holdings' price. Additionally, you may evaluate how the addition of Ehang Holdings to your portfolios can decrease your overall portfolio volatility.
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Ehang Holdings 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.