Conduent Stock Market Value
| CNDT Stock | USD 3.56 0.12 3.26% |
| Symbol | Conduent |
Conduent Price To Book Ratio
Is Data Processing & Outsourced Services 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 Conduent. If investors know Conduent 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 Conduent 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 0.5 | Earnings Share (0.91) | Revenue Per Share 17.35 | Quarterly Revenue Growth (0) | Return On Assets 0.0132 |
The market value of Conduent is measured differently than its book value, which is the value of Conduent that is recorded on the company's balance sheet. Investors also form their own opinion of Conduent's value that differs from its market value or its book value, called intrinsic value, which is Conduent'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 Conduent's market value can be influenced by many factors that don't directly affect Conduent'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 Conduent's value and its price as these two are different measures arrived at by different means. Investors typically determine if Conduent is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Conduent'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.
Conduent '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 Conduent'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 Conduent.
| 05/08/2024 |
| 06/07/2024 |
If you would invest 0.00 in Conduent on May 8, 2024 and sell it all today you would earn a total of 0.00 from holding Conduent or generate 0.0% return on investment in Conduent over 30 days. Conduent is related to or competes with Organon, Warner Bros, Viatris, GE HealthCare, and Haleon Plc. Conduent Incorporated provides business process services with capabilities in transaction-intensive processing, analytic... More
Conduent 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 Conduent'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 Conduent upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.23 | |||
| Information Ratio | 0.0395 | |||
| Maximum Drawdown | 14.6 | |||
| Value At Risk | (3.32) | |||
| Potential Upside | 5.44 |
Conduent Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Conduent's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Conduent's standard deviation. In reality, there are many statistical measures that can use Conduent historical prices to predict the future Conduent's volatility.| Risk Adjusted Performance | 0.0401 | |||
| Jensen Alpha | 0.1146 | |||
| Total Risk Alpha | 0.0214 | |||
| Sortino Ratio | 0.0524 | |||
| Treynor Ratio | 0.1304 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Conduent'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.
Conduent Backtested Returns
We consider Conduent moderately volatile. Conduent secures Sharpe Ratio (or Efficiency) of 0.0545, which signifies that the company had a 0.0545% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Conduent, which you can use to evaluate the volatility of the firm. Please confirm Conduent's Risk Adjusted Performance of 0.0401, mean deviation of 2.25, and Downside Deviation of 2.23 to double-check if the risk estimate we provide is consistent with the expected return of 0.16%. Conduent has a performance score of 4 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 1.09, which signifies a somewhat significant risk relative to the market. Conduent returns are very sensitive to returns on the market. As the market goes up or down, Conduent is expected to follow. Conduent right now shows a risk of 3.01%. Please confirm Conduent treynor ratio, as well as the relationship between the semi variance and rate of daily change , to decide if Conduent will be following its price patterns.
Auto-correlation | -0.06 |
Very weak reverse predictability
Conduent has very weak reverse predictability. Overlapping area represents the amount of predictability between Conduent time series from 8th of May 2024 to 23rd of May 2024 and 23rd of May 2024 to 7th of June 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 Conduent price movement. The serial correlation of -0.06 indicates that barely 6.0% of current Conduent price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.06 | |
| Spearman Rank Test | -0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Conduent lagged returns against current returns
Autocorrelation, which is Conduent 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 Conduent's stock expected returns. We can calculate the autocorrelation of Conduent returns to help us make a trade decision. For example, suppose you find that Conduent 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 |
Conduent 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 Conduent stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Conduent stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Conduent stock over time.
Current vs Lagged Prices |
| Timeline |
Conduent Lagged Returns
When evaluating Conduent's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Conduent stock have on its future price. Conduent 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, Conduent autocorrelation shows the relationship between Conduent stock current value and its past values and can show if there is a momentum factor associated with investing in Conduent.
Regressed Prices |
| Timeline |
Pair Trading with Conduent
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 Conduent 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 Conduent will appreciate offsetting losses from the drop in the long position's value.Moving together with Conduent Stock
Moving against Conduent Stock
| 0.61 | III | Information Services | PairCorr |
| 0.59 | IBM | International Business Financial Report 17th of July 2024 | PairCorr |
| 0.57 | EPAM | EPAM Systems | PairCorr |
| 0.51 | PSN | Parsons Corp | PairCorr |
| 0.45 | IT | Gartner | PairCorr |
The ability to find closely correlated positions to Conduent could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Conduent 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 Conduent - 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 Conduent to buy it.
The correlation of Conduent 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 Conduent moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Conduent 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 Conduent 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.Additional Tools for Conduent Stock Analysis
When running Conduent's price analysis, check to measure Conduent'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 Conduent is operating at the current time. Most of Conduent's value examination focuses on studying past and present price action to predict the probability of Conduent's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Conduent's price. Additionally, you may evaluate how the addition of Conduent to your portfolios can decrease your overall portfolio volatility.