Cable One Stock Market Value
| CABO Stock | USD 420.22 0.65 0.15% |
| Symbol | Cable |
Cable One Price To Book Ratio
Is Cable & Satellite 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 Cable One. If investors know Cable 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 Cable One 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 0.434 | Dividend Share 11.8 | Earnings Share 45.05 | Revenue Per Share 285.587 | Quarterly Revenue Growth (0.06) |
The market value of Cable One is measured differently than its book value, which is the value of Cable that is recorded on the company's balance sheet. Investors also form their own opinion of Cable One's value that differs from its market value or its book value, called intrinsic value, which is Cable One'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 Cable One's market value can be influenced by many factors that don't directly affect Cable One'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 Cable One's value and its price as these two are different measures arrived at by different means. Investors typically determine if Cable One is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cable One'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.
Cable One '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 Cable One'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 Cable One.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in Cable One on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding Cable One or generate 0.0% return on investment in Cable One over 180 days. Cable One is related to or competes with Liberty Broadband, Liberty Broadband, Telkom Indonesia, Liberty Global, InterDigital, ATN International, and Liberty Broadband. Cable One, Inc., together with its subsidiaries, provides data, video, and voice services in the United States More
Cable One 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 Cable One'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 Cable One upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.71 | |||
| Information Ratio | 0.0552 | |||
| Maximum Drawdown | 18.76 | |||
| Value At Risk | (4.54) | |||
| Potential Upside | 4.14 |
Cable One Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cable One's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cable One's standard deviation. In reality, there are many statistical measures that can use Cable One historical prices to predict the future Cable One's volatility.| Risk Adjusted Performance | 0.0868 | |||
| Jensen Alpha | 0.0583 | |||
| Total Risk Alpha | (0.19) | |||
| Sortino Ratio | 0.0574 | |||
| Treynor Ratio | 0.1607 |
Cable One Backtested Returns
Cable One appears to be very steady, given 3 months investment horizon. Cable One secures Sharpe Ratio (or Efficiency) of 0.11, which signifies that the company had a 0.11% return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for Cable One, which you can use to evaluate the volatility of the firm. Please makes use of Cable One's mean deviation of 1.99, and Risk Adjusted Performance of 0.0868 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Cable One holds a performance score of 8. The firm shows a Beta (market volatility) of 1.76, 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, Cable One will likely underperform. Please check Cable One's value at risk, daily balance of power, and the relationship between the total risk alpha and expected short fall , to make a quick decision on whether Cable One's price patterns will revert.
Auto-correlation | 0.09 |
Virtually no predictability
Cable One has virtually no predictability. Overlapping area represents the amount of predictability between Cable One time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 2024 to 30th of November 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 Cable One price movement. The serial correlation of 0.09 indicates that less than 9.0% of current Cable One price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.09 | |
| Spearman Rank Test | 0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 933.4 |
Cable One lagged returns against current returns
Autocorrelation, which is Cable One 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 Cable One's stock expected returns. We can calculate the autocorrelation of Cable One returns to help us make a trade decision. For example, suppose you find that Cable One 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 |
Cable One 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 Cable One stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cable One stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cable One stock over time.
Current vs Lagged Prices |
| Timeline |
Cable One Lagged Returns
When evaluating Cable One's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cable One stock have on its future price. Cable One 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, Cable One autocorrelation shows the relationship between Cable One stock current value and its past values and can show if there is a momentum factor associated with investing in Cable One.
Regressed Prices |
| Timeline |
Pair Trading with Cable One
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 Cable One 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 Cable One will appreciate offsetting losses from the drop in the long position's value.Moving together with Cable Stock
Moving against Cable Stock
| 0.65 | KUKE | Kuke Music Holding | PairCorr |
| 0.55 | HUYA | HUYA Inc | PairCorr |
| 0.33 | IQ | iQIYI Inc Aggressive Push | PairCorr |
The ability to find closely correlated positions to Cable One could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cable One 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 Cable One - 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 Cable One to buy it.
The correlation of Cable One 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 Cable One moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cable One 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 Cable One 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 Cable One Correlation, Cable One Volatility and Cable One Alpha and Beta module to complement your research on Cable One. To learn how to invest in Cable Stock, please use our How to Invest in Cable One guide.You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.
Cable One 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.