Cboe Global Markets Stock Market Value
| CBOE Stock | USD 181.06 1.86 1.02% |
| Symbol | Cboe |
Cboe Global Markets Price To Book Ratio
Is Cboe Global'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 Cboe Global. If investors know Cboe 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 Cboe Global 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 0.203 | Dividend Share 2.15 | Earnings Share 7.46 | Revenue Per Share 35.398 | Quarterly Revenue Growth (0.03) |
The market value of Cboe Global Markets is measured differently than its book value, which is the value of Cboe that is recorded on the company's balance sheet. Investors also form their own opinion of Cboe Global's value that differs from its market value or its book value, called intrinsic value, which is Cboe Global'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 Cboe Global's market value can be influenced by many factors that don't directly affect Cboe Global'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 Cboe Global's value and its price as these two are different measures arrived at by different means. Investors typically determine if Cboe Global is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cboe Global'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.
Cboe Global '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 Cboe Global'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 Cboe Global.
| 04/13/2024 |
| 05/13/2024 |
If you would invest 0.00 in Cboe Global on April 13, 2024 and sell it all today you would earn a total of 0.00 from holding Cboe Global Markets or generate 0.0% return on investment in Cboe Global over 30 days. Cboe Global is related to or competes with SP Global, Moodys, MSCI, and FactSet Research. Cboe Global Markets, Inc., through its subsidiaries, operates as an options exchange worldwide More
Cboe Global 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 Cboe Global'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 Cboe Global Markets upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 6.17 | |||
| Value At Risk | (2.03) | |||
| Potential Upside | 1.98 |
Cboe Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cboe Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cboe Global's standard deviation. In reality, there are many statistical measures that can use Cboe Global historical prices to predict the future Cboe Global's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.18) | |||
| Treynor Ratio | 0.2271 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Cboe Global'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.
Cboe Global Markets Backtested Returns
Cboe Global Markets secures Sharpe Ratio (or Efficiency) of -0.0167, which signifies that the company had a -0.0167% return per unit of risk over the last 3 months. Cboe Global Markets exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Cboe Global's Standard Deviation of 1.32, risk adjusted performance of (0), and Mean Deviation of 1.05 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.11, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Cboe Global are expected to decrease at a much lower rate. During the bear market, Cboe Global is likely to outperform the market. Cboe Global Markets has an expected return of -0.0225%. Please make sure to confirm Cboe Global Markets maximum drawdown, daily balance of power, period momentum indicator, as well as the relationship between the skewness and day typical price , to decide if Cboe Global Markets performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.38 |
Below average predictability
Cboe Global Markets has below average predictability. Overlapping area represents the amount of predictability between Cboe Global time series from 13th of April 2024 to 28th of April 2024 and 28th of April 2024 to 13th 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 Cboe Global Markets price movement. The serial correlation of 0.38 indicates that just about 38.0% of current Cboe Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.38 | |
| Spearman Rank Test | 0.63 | |
| Residual Average | 0.0 | |
| Price Variance | 8.03 |
Cboe Global Markets lagged returns against current returns
Autocorrelation, which is Cboe Global 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 Cboe Global's stock expected returns. We can calculate the autocorrelation of Cboe Global returns to help us make a trade decision. For example, suppose you find that Cboe Global 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 |
Cboe Global 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 Cboe Global stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cboe Global stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cboe Global stock over time.
Current vs Lagged Prices |
| Timeline |
Cboe Global Lagged Returns
When evaluating Cboe Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cboe Global stock have on its future price. Cboe Global 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, Cboe Global autocorrelation shows the relationship between Cboe Global stock current value and its past values and can show if there is a momentum factor associated with investing in Cboe Global Markets.
Regressed Prices |
| Timeline |
Pair Trading with Cboe Global
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 Cboe Global 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 Cboe Global will appreciate offsetting losses from the drop in the long position's value.Moving together with Cboe Stock
| 0.76 | VALU | Value Line Normal Trading | PairCorr |
| 0.61 | ICE | Intercontinental Exchange | PairCorr |
Moving against Cboe Stock
| 0.7 | NDAQ | Nasdaq Inc | PairCorr |
| 0.57 | DIST | Distoken Acquisition | PairCorr |
| 0.56 | C | Citigroup Aggressive Push | PairCorr |
| 0.42 | COIN | Coinbase Global | PairCorr |
The ability to find closely correlated positions to Cboe Global could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cboe Global 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 Cboe Global - 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 Cboe Global Markets to buy it.
The correlation of Cboe Global 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 Cboe Global moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cboe Global Markets 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 Cboe Global 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 Cboe Global Correlation, Cboe Global Volatility and Cboe Global Alpha and Beta module to complement your research on Cboe Global. You can also try the Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.
Complementary Tools for Cboe Stock analysis
When running Cboe Global's price analysis, check to measure Cboe Global'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 Cboe Global is operating at the current time. Most of Cboe Global's value examination focuses on studying past and present price action to predict the probability of Cboe Global's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cboe Global's price. Additionally, you may evaluate how the addition of Cboe Global to your portfolios can decrease your overall portfolio volatility.
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Cboe Global 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.