Shoe Carnival Stock Price on March 7, 2023
| SCVL Stock | USD 35.67 0.71 1.95% |
If you're considering investing in Shoe Stock, it is important to understand the factors that can impact its price. As of today, the current price of Shoe Carnival stands at 35.67, as last reported on the 30th of December, with the highest price reaching 36.50 and the lowest price hitting 35.08 during the day. Shoe Carnival owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0765, which indicates the firm had a -0.0765% return per unit of risk over the last 3 months. Shoe Carnival exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Shoe Carnival's Coefficient Of Variation of (1,307), risk adjusted performance of (0.05), and Variance of 7.72 to confirm the risk estimate we provide.
Shoe Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Shoe |
Sharpe Ratio = -0.0765
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Estimated Market Risk
| 2.78 actual daily | 24 76% of assets are more volatile |
Expected Return
| -0.21 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.08 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Shoe Carnival is not performing at its full potential. However, 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 Shoe Carnival by adding Shoe Carnival to a well-diversified portfolio.
Shoe Carnival Valuation on March 7, 2023
It is possible to determine the worth of Shoe Carnival on a given historical date. On March 7, 2023 Shoe was worth 24.51 at the beginning of the trading date compared to the closed value of 25.12. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Shoe Carnival stock. Still, in general, we apply an absolute valuation method to find Shoe Carnival's 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 Shoe Carnival where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Shoe Carnival's related companies.
| Open | High | Low | Close | Volume | |
| 25.67 | 25.93 | 24.05 | 24.35 | 463,700 | |
03/07/2023 | 24.51 | 25.50 | 24.29 | 25.12 | 340,705 |
| 25.16 | 26.01 | 24.85 | 25.96 | 319,399 |
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Shoe Carnival Trading Date Momentum on March 7, 2023
| On March 08 2023 Shoe Carnival was traded for 25.96 at the closing time. The top price for the day was 26.01 and the lowest listed price was 24.85 . The trading volume for the day was 319.4 K. The trading history from March 8, 2023 was a factor to the next trading day price upswing. The trading price change against the next closing price was 3.34% . The trading price change against the current closing price is 6.37% . |
Shoe Carnival Fundamentals Correlations and Trends
By evaluating Shoe Carnival's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Shoe Carnival's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Shoe financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Shoe Carnival Stock history
Shoe Carnival 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 Shoe is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Shoe Carnival 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 Shoe Carnival stock prices may prove useful in developing a viable investing in Shoe Carnival
Shoe Carnival, Inc., together with its subsidiaries, operates as a family footwear retailer in the United States. Shoe Carnival, Inc. was founded in 1978 and is headquartered in Evansville, Indiana. Shoe Carnival operates under Apparel Retail classification in the United States and is traded on NASDAQ Exchange. It employs 2600 people.
Shoe Carnival Stock Technical Analysis
Shoe Carnival 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
Shoe Carnival Period Price Range
Low | December 30, 2024
| High |
0.00 | 0.00 |
Shoe Carnival cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Shoe Carnival December 30, 2024 Market Strength
Market strength indicators help investors to evaluate how Shoe Carnival stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Shoe Carnival shares will generate the highest return on investment. By undertsting and applying Shoe Carnival stock market strength indicators, traders can identify Shoe Carnival entry and exit signals to maximize returns
Shoe Carnival Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Shoe Carnival's price direction in advance. Along with the technical and fundamental analysis of Shoe Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Shoe 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 | (0.05) | |||
| Jensen Alpha | (0.26) | |||
| Total Risk Alpha | (0.30) | |||
| Treynor Ratio | (0.13) |
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Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Shoe Carnival. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as various price indices. For more information on how to buy Shoe Stock please use our How to buy in Shoe Stock guide.You can also try the Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.
Is Retail 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 Shoe Carnival. If investors know Shoe 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 Shoe Carnival listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Shoe Carnival is measured differently than its book value, which is the value of Shoe that is recorded on the company's balance sheet. Investors also form their own opinion of Shoe Carnival's value that differs from its market value or its book value, called intrinsic value, which is Shoe Carnival'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 Shoe Carnival's market value can be influenced by many factors that don't directly affect Shoe Carnival'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 Shoe Carnival's value and its price as these two are different measures arrived at by different means. Investors typically determine if Shoe Carnival is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Shoe Carnival'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.