Churchill Downs Incorporated Stock Price on May 15, 2024
| CHDN Stock | USD 136.13 1.62 1.20% |
Below is the normalized historical share price chart for Churchill Downs Incorporated extending back to March 29, 1993. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Churchill Downs stands at 136.13, as last reported on the 12th of June 2024, with the highest price reaching 137.38 and the lowest price hitting 133.34 during the day.
If you're considering investing in Churchill Stock, it is important to understand the factors that can impact its price. Churchill Downs appears to be very steady, given 3 months investment horizon. Churchill Downs secures Sharpe Ratio (or Efficiency) of 0.17, which signifies that the company had a 0.17% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Churchill Downs Incorporated, which you can use to evaluate the volatility of the firm. Please makes use of Churchill Downs' Mean Deviation of 1.18, risk adjusted performance of 0.1286, and Downside Deviation of 1.53 to double-check if our risk estimates are consistent with your expectations.
At this time, Churchill Downs' Total Stockholder Equity is very stable compared to the past year. As of the 12th of June 2024, Common Stock Shares Outstanding is likely to grow to about 86 M, though Other Stockholder Equity is likely to grow to (983.2 K). . At this time, Churchill Downs' Price Sales Ratio is very stable compared to the past year. As of the 12th of June 2024, Price Fair Value is likely to grow to 11.92, though Price Earnings To Growth Ratio is likely to grow to (5.36). Churchill Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 29th of March 1993 | 200 Day MA 122.1706 | 50 Day MA 129.412 | Beta 0.989 |
Churchill |
Sharpe Ratio = 0.1733
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Estimated Market Risk
| 1.58 actual daily | 14 86% of assets are more volatile |
Expected Return
| 0.27 actual daily | 5 95% of assets have higher returns |
Risk-Adjusted Return
| 0.17 actual daily | 13 87% of assets perform better |
Based on monthly moving average Churchill Downs is performing at about 13% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Churchill Downs by adding it to a well-diversified portfolio.
Price Book 9.9558 | Enterprise Value Ebitda 13.5153 | Price Sales 3.614 | Shares Float 66.7 M | Dividend Share 0.382 |
Churchill Downs Main Headline on 15th of May 2024
The favorite for the Preakness Stakes, Bob Bafferts Muth, wont compete in the second leg of horse racings Triple Crown.
Churchill Downs Valuation on May 15, 2024
It is possible to determine the worth of Churchill Downs on a given historical date. On May 15, 2024 Churchill was worth 134.02 at the beginning of the trading date compared to the closed value of 133.86. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Churchill Downs stock. Still, in general, we apply an absolute valuation method to find Churchill Downs' value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Churchill Downs where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Churchill Downs' related companies.
| Open | High | Low | Close | Volume | |
| 135.00 | 135.16 | 133.19 | 133.90 | 495,766 | |
05/15/2024 | 134.02 | 134.16 | 132.11 | 133.86 | 447,201 |
| 134.22 | 136.20 | 133.80 | 134.93 | 380,885 |
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Churchill Downs Trading Date Momentum on May 15, 2024
| On May 16 2024 Churchill Downs Incorporated was traded for 134.93 at the closing time. The top price for the day was 136.20 and the lowest listed price was 133.80 . The trading volume for the day was 380.9 K. The trading history from May 16, 2024 was a factor to the next trading day price boost. The overall trading delta against the next closing price was 0.80% . The overall trading delta against the current closing price is 1.29% . |
Churchill Downs Fundamentals Correlations and Trends
By evaluating Churchill Downs' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Churchill Downs' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Churchill financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Churchill Downs Stock history
Churchill Downs investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Churchill is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Churchill Downs will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Churchill Downs stock prices may prove useful in developing a viable investing in Churchill Downs
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 76.1 M | 86 M | |
| Net Income Applicable To Common Shares | 505.3 M | 530.6 M |
Churchill Downs Stock Technical Analysis
Churchill Downs 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.
Price Boundaries
Churchill Downs Period Price Range
Low | May 15, 2024
| High |
134.02 | 133.86 |
Churchill Downs June 12, 2024 Market Strength
Market strength indicators help investors to evaluate how Churchill Downs stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Churchill Downs shares will generate the highest return on investment. By undertsting and applying Churchill Downs stock market strength indicators, traders can identify Churchill Downs Incorporated entry and exit signals to maximize returns
| Accumulation Distribution | 6833.35 | |||
| Daily Balance Of Power | (0.08) | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 133.14 | |||
| Day Typical Price | 133.38 | |||
| Price Action Indicator | 0.65 | |||
| Period Momentum Indicator | 2.27 |
Churchill Downs Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Churchill Downs' price direction in advance. Along with the technical and fundamental analysis of Churchill Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Churchill to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.1286 | |||
| Jensen Alpha | 0.3 | |||
| Total Risk Alpha | 0.3091 | |||
| Sortino Ratio | 0.1968 | |||
| Treynor Ratio | 0.3418 |
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| Volume Indicators |
Additional Information and Resources on Investing in Churchill Stock
When determining whether Churchill Downs offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Churchill Downs' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Churchill Downs Incorporated Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Churchill Downs Incorporated Stock:Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Churchill Downs Incorporated. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment. You can also try the Transaction History module to view history of all your transactions and understand their impact on performance.
Is Hotels, Restaurants & Leisure space 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 Churchill Downs. If investors know Churchill 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 Churchill Downs 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 (0.47) | Dividend Share 0.382 | Earnings Share 4.52 | Revenue Per Share 33.286 | Quarterly Revenue Growth 0.056 |
The market value of Churchill Downs is measured differently than its book value, which is the value of Churchill that is recorded on the company's balance sheet. Investors also form their own opinion of Churchill Downs' value that differs from its market value or its book value, called intrinsic value, which is Churchill Downs' 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 Churchill Downs' market value can be influenced by many factors that don't directly affect Churchill Downs' 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 Churchill Downs' value and its price as these two are different measures arrived at by different means. Investors typically determine if Churchill Downs is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Churchill Downs' 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.