Constellium Nv Stock Market Value
| CSTM Stock | USD 21.33 0.20 0.95% |
| Symbol | Constellium |
Constellium Nv Price To Book Ratio
Is Constellium'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 Constellium. If investors know Constellium 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 Constellium 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 (0.65) | Earnings Share 0.9 | Revenue Per Share 49.538 | Quarterly Revenue Growth (0.12) | Return On Assets 0.0378 |
The market value of Constellium Nv is measured differently than its book value, which is the value of Constellium that is recorded on the company's balance sheet. Investors also form their own opinion of Constellium's value that differs from its market value or its book value, called intrinsic value, which is Constellium'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 Constellium's market value can be influenced by many factors that don't directly affect Constellium'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 Constellium's value and its price as these two are different measures arrived at by different means. Investors typically determine if Constellium is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Constellium'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.
Constellium '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 Constellium'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 Constellium.
| 03/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in Constellium on March 25, 2024 and sell it all today you would earn a total of 0.00 from holding Constellium Nv or generate 0.0% return on investment in Constellium over 30 days. Constellium is related to or competes with Outokumpu Oyj, and Usinas Siderurgicas. Constellium SE, together with its subsidiaries, engages in the design, manufacture, and sale of specialty rolled and ext... More
Constellium 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 Constellium'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 Constellium Nv upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.69 | |||
| Information Ratio | 0.0914 | |||
| Maximum Drawdown | 8.06 | |||
| Value At Risk | (2.65) | |||
| Potential Upside | 3.39 |
Constellium Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Constellium's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Constellium's standard deviation. In reality, there are many statistical measures that can use Constellium historical prices to predict the future Constellium's volatility.| Risk Adjusted Performance | 0.0924 | |||
| Jensen Alpha | 0.0778 | |||
| Total Risk Alpha | 0.0095 | |||
| Sortino Ratio | 0.1015 | |||
| Treynor Ratio | 0.115 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Constellium'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.
Constellium Nv Backtested Returns
Constellium appears to be very steady, given 3 months investment horizon. Constellium Nv secures Sharpe Ratio (or Efficiency) of 0.1, which signifies that the company had a 0.1% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Constellium Nv, which you can use to evaluate the volatility of the firm. Please makes use of Constellium's Mean Deviation of 1.44, risk adjusted performance of 0.0924, and Downside Deviation of 1.69 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Constellium holds a performance score of 8. The firm shows a Beta (market volatility) of 2.18, which signifies 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, Constellium will likely underperform. Please check Constellium's semi variance, and the relationship between the treynor ratio and daily balance of power , to make a quick decision on whether Constellium's price patterns will revert.
Auto-correlation | -0.84 |
Excellent reverse predictability
Constellium Nv has excellent reverse predictability. Overlapping area represents the amount of predictability between Constellium time series from 25th of March 2024 to 9th of April 2024 and 9th of April 2024 to 24th of April 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 Constellium Nv price movement. The serial correlation of -0.84 indicates that around 84.0% of current Constellium price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.84 | |
| Spearman Rank Test | -0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 0.27 |
Constellium Nv lagged returns against current returns
Autocorrelation, which is Constellium 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 Constellium's stock expected returns. We can calculate the autocorrelation of Constellium returns to help us make a trade decision. For example, suppose you find that Constellium 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 |
Constellium 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 Constellium stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Constellium stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Constellium stock over time.
Current vs Lagged Prices |
| Timeline |
Constellium Lagged Returns
When evaluating Constellium's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Constellium stock have on its future price. Constellium 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, Constellium autocorrelation shows the relationship between Constellium stock current value and its past values and can show if there is a momentum factor associated with investing in Constellium Nv.
Regressed Prices |
| Timeline |
Constellium Investors Sentiment
The influence of Constellium'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 Constellium. 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 Constellium's public news can be used to forecast risks associated with an investment in Constellium. The trend in average sentiment can be used to explain how an investor holding Constellium can time the market purely based on public headlines and social activities around Constellium Nv. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Constellium'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 Constellium'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 Constellium's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Constellium.
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 Constellium 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, Constellium's short interest history, or implied volatility extrapolated from Constellium options trading.
Pair Trading with Constellium
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 Constellium 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 Constellium will appreciate offsetting losses from the drop in the long position's value.Moving together with Constellium Stock
| 0.89 | AA | Alcoa Corp Financial Report 17th of July 2024 | PairCorr |
| 0.84 | TX | Ternium SA ADR | PairCorr |
| 0.89 | WS | Worthington Steel | PairCorr |
Moving against Constellium Stock
| 0.77 | SID | Companhia Siderurgica Financial Report 1st of May 2024 | PairCorr |
| 0.72 | ZKIN | ZK International | PairCorr |
| 0.71 | X | United States Steel Earnings Call Tomorrow | PairCorr |
| 0.45 | PKX | POSCO Holdings Financial Report 25th of April 2024 | PairCorr |
The ability to find closely correlated positions to Constellium could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Constellium 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 Constellium - 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 Constellium Nv to buy it.
The correlation of Constellium 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 Constellium moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Constellium Nv 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 Constellium 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 Constellium Correlation, Constellium Volatility and Constellium Alpha and Beta module to complement your research on Constellium. You can also try the Technical Analysis module to check basic technical indicators and analysis based on most latest market data.
Complementary Tools for Constellium Stock analysis
When running Constellium's price analysis, check to measure Constellium'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 Constellium is operating at the current time. Most of Constellium's value examination focuses on studying past and present price action to predict the probability of Constellium's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Constellium's price. Additionally, you may evaluate how the addition of Constellium to your portfolios can decrease your overall portfolio volatility.
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