Cognex Stock Market Value
| CGNX Stock | USD 33.20 0.72 2.12% |
| Symbol | Cognex |
Cognex Price To Book Ratio
Is Electronic Equipment, Instruments & Components 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 Cognex. If investors know Cognex 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 Cognex 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 1.786 | Dividend Share 0.305 | Earnings Share 0.62 | Revenue Per Share | Quarterly Revenue Growth 0.168 |
The market value of Cognex is measured differently than its book value, which is the value of Cognex that is recorded on the company's balance sheet. Investors also form their own opinion of Cognex's value that differs from its market value or its book value, called intrinsic value, which is Cognex'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 Cognex's market value can be influenced by many factors that don't directly affect Cognex'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 Cognex's value and its price as these two are different measures arrived at by different means. Investors typically determine if Cognex is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cognex'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.
Cognex '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 Cognex'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 Cognex.
| 02/28/2023 |
| 02/17/2025 |
If you would invest 0.00 in Cognex on February 28, 2023 and sell it all today you would earn a total of 0.00 from holding Cognex or generate 0.0% return on investment in Cognex over 720 days. Cognex is related to or competes with Vontier Corp, Teledyne Technologies, ESCO Technologies, MKS Instruments, Sensata Technologies, Fortive Corp, and Novanta. Cognex Corporation provides machine vision products that capture and analyze visual information in order to automate man... More
Cognex 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 Cognex'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 Cognex upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 17.33 | |||
| Value At Risk | (3.04) | |||
| Potential Upside | 3.25 |
Cognex Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cognex's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cognex's standard deviation. In reality, there are many statistical measures that can use Cognex historical prices to predict the future Cognex's volatility.| Risk Adjusted Performance | (0.1) | |||
| Jensen Alpha | (0.37) | |||
| Total Risk Alpha | (0.37) | |||
| Treynor Ratio | (0.54) |
Cognex Backtested Returns
Cognex secures Sharpe Ratio (or Efficiency) of -0.1, which signifies that the company had a -0.1 % return per unit of risk over the last 3 months. Cognex exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Cognex's Standard Deviation of 2.4, risk adjusted performance of (0.1), and Mean Deviation of 1.63 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.67, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Cognex's returns are expected to increase less than the market. However, during the bear market, the loss of holding Cognex is expected to be smaller as well. At this point, Cognex has a negative expected return of -0.24%. Please make sure to confirm Cognex's maximum drawdown, as well as the relationship between the daily balance of power and period momentum indicator , to decide if Cognex performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.70 |
Good predictability
Cognex has good predictability. Overlapping area represents the amount of predictability between Cognex time series from 28th of February 2023 to 23rd of February 2024 and 23rd of February 2024 to 17th of February 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Cognex price movement. The serial correlation of 0.7 indicates that around 70.0% of current Cognex price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.7 | |
| Spearman Rank Test | 0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 15.19 |
Cognex lagged returns against current returns
Autocorrelation, which is Cognex 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 Cognex's stock expected returns. We can calculate the autocorrelation of Cognex returns to help us make a trade decision. For example, suppose you find that Cognex 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 |
Cognex 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 Cognex stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cognex stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cognex stock over time.
Current vs Lagged Prices |
| Timeline |
Cognex Lagged Returns
When evaluating Cognex's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cognex stock have on its future price. Cognex 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, Cognex autocorrelation shows the relationship between Cognex stock current value and its past values and can show if there is a momentum factor associated with investing in Cognex.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Cognex Stock Analysis
When running Cognex's price analysis, check to measure Cognex'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 Cognex is operating at the current time. Most of Cognex's value examination focuses on studying past and present price action to predict the probability of Cognex's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cognex's price. Additionally, you may evaluate how the addition of Cognex to your portfolios can decrease your overall portfolio volatility.