Core Molding Technologies Stock Market Value
| CMT Stock | USD 18.55 0.59 3.29% |
| Symbol | Core |
Core Molding Technologies Price To Book Ratio
Is Core Molding'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 Core Molding. If investors know Core 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 Core Molding 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 (0.57) | Earnings Share 2.31 | Revenue Per Share 41.841 | Quarterly Revenue Growth (0.15) | Return On Assets 0.082 |
The market value of Core Molding Technologies is measured differently than its book value, which is the value of Core that is recorded on the company's balance sheet. Investors also form their own opinion of Core Molding's value that differs from its market value or its book value, called intrinsic value, which is Core Molding'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 Core Molding's market value can be influenced by many factors that don't directly affect Core Molding'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 Core Molding's value and its price as these two are different measures arrived at by different means. Investors typically determine if Core Molding is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Core Molding'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.
Core Molding '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 Core Molding'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 Core Molding.
| 02/11/2023 |
| 05/06/2024 |
If you would invest 0.00 in Core Molding on February 11, 2023 and sell it all today you would earn a total of 0.00 from holding Core Molding Technologies or generate 0.0% return on investment in Core Molding over 450 days. Core Molding is related to or competes with Quaker Chemical, Minerals Technologies, Innospec, H B, Sensient Technologies, Oil Dri, and Ecovyst. Core Molding Technologies, Inc., together with its subsidiaries, operates as a molder of thermoplastic and thermoset str... More
Core Molding 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 Core Molding'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 Core Molding Technologies upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.83 | |||
| Information Ratio | 0.023 | |||
| Maximum Drawdown | 12.61 | |||
| Value At Risk | (5.16) | |||
| Potential Upside | 3.9 |
Core Molding Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Core Molding's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Core Molding's standard deviation. In reality, there are many statistical measures that can use Core Molding historical prices to predict the future Core Molding's volatility.| Risk Adjusted Performance | 0.0412 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.16) | |||
| Sortino Ratio | 0.0213 | |||
| Treynor Ratio | 0.063 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Core Molding'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.
Core Molding Technologies Backtested Returns
Core Molding appears to be not too volatile, given 3 months investment horizon. Core Molding Technologies secures Sharpe Ratio (or Efficiency) of 0.0875, which signifies that the company had a 0.0875% return per unit of risk over the last 3 months. We have found thirty technical indicators for Core Molding Technologies, which you can use to evaluate the volatility of the firm. Please makes use of Core Molding's Risk Adjusted Performance of 0.0412, downside deviation of 2.83, and Mean Deviation of 2.05 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Core Molding holds a performance score of 6. The firm shows a Beta (market volatility) of 2.06, 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, Core Molding will likely underperform. Please check Core Molding's expected short fall, and the relationship between the maximum drawdown and rate of daily change , to make a quick decision on whether Core Molding's price patterns will revert.
Auto-correlation | -0.53 |
Good reverse predictability
Core Molding Technologies has good reverse predictability. Overlapping area represents the amount of predictability between Core Molding time series from 11th of February 2023 to 24th of September 2023 and 24th of September 2023 to 6th 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 Core Molding Technologies price movement. The serial correlation of -0.53 indicates that about 53.0% of current Core Molding price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.53 | |
| Spearman Rank Test | -0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 14.13 |
Core Molding Technologies lagged returns against current returns
Autocorrelation, which is Core Molding 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 Core Molding's stock expected returns. We can calculate the autocorrelation of Core Molding returns to help us make a trade decision. For example, suppose you find that Core Molding 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 |
Core Molding 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 Core Molding stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Core Molding stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Core Molding stock over time.
Current vs Lagged Prices |
| Timeline |
Core Molding Lagged Returns
When evaluating Core Molding's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Core Molding stock have on its future price. Core Molding 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, Core Molding autocorrelation shows the relationship between Core Molding stock current value and its past values and can show if there is a momentum factor associated with investing in Core Molding Technologies.
Regressed Prices |
| Timeline |
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 Core Molding 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, Core Molding's short interest history, or implied volatility extrapolated from Core Molding options trading.
Pair Trading with Core Molding
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 Core Molding 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 Core Molding will appreciate offsetting losses from the drop in the long position's value.Moving against Core Stock
| 0.56 | WDFC | WD 40 Company Financial Report 8th of July 2024 | PairCorr |
| 0.51 | CC | Chemours | PairCorr |
The ability to find closely correlated positions to Core Molding could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Core Molding 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 Core Molding - 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 Core Molding Technologies to buy it.
The correlation of Core Molding 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 Core Molding moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Core Molding Technologies 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 Core Molding 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 Core Molding Correlation, Core Molding Volatility and Core Molding Alpha and Beta module to complement your research on Core Molding. You can also try the Content Syndication module to quickly integrate customizable finance content to your own investment portal.
Complementary Tools for Core Stock analysis
When running Core Molding's price analysis, check to measure Core Molding'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 Core Molding is operating at the current time. Most of Core Molding's value examination focuses on studying past and present price action to predict the probability of Core Molding's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Core Molding's price. Additionally, you may evaluate how the addition of Core Molding to your portfolios can decrease your overall portfolio volatility.
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Core Molding 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.