Churchill Downs Incorporated Stock Market Value
| CHDN Stock | USD 110.50 2.89 2.69% |
| Symbol | Churchill |
Churchill Downs Price To Book Ratio
Is Hotels, Restaurants & Leisure 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 Churchill Downs. If investors know Churchill 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 Churchill Downs 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 0.294 | Dividend Share 0.409 | Earnings Share 5.68 | Revenue Per Share | Quarterly Revenue Growth 0.112 |
The market value of Churchill Downs is measured differently than its book value, which is the value of Churchill that is recorded on the company's balance sheet. Investors also form their own opinion of Churchill Downs' value that differs from its market value or its book value, called intrinsic value, which is Churchill Downs' 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 Churchill Downs' market value can be influenced by many factors that don't directly affect Churchill Downs' 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 Churchill Downs' value and its price as these two are different measures arrived at by different means. Investors typically determine if Churchill Downs is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Churchill Downs' 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.
Churchill Downs '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 Churchill Downs' 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 Churchill Downs.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in Churchill Downs on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding Churchill Downs Incorporated or generate 0.0% return on investment in Churchill Downs over 90 days. Churchill Downs is related to or competes with Accel Entertainment, PlayAGS, International Game, Everi Holdings, Light Wonder, and Inspired Entertainment. Churchill Downs Incorporated operates as a racing, online wagering, and gaming entertainment company in the United State... More
Churchill Downs 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 Churchill Downs' 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 Churchill Downs Incorporated upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 5.29 | |||
| Value At Risk | (2.18) | |||
| Potential Upside | 1.93 |
Churchill Downs Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Churchill Downs' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Churchill Downs' standard deviation. In reality, there are many statistical measures that can use Churchill Downs historical prices to predict the future Churchill Downs' volatility.| Risk Adjusted Performance | (0.23) | |||
| Jensen Alpha | (0.27) | |||
| Total Risk Alpha | (0.19) | |||
| Treynor Ratio | (0.48) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Churchill Downs' 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.
Churchill Downs Backtested Returns
Churchill Downs secures Sharpe Ratio (or Efficiency) of -0.25, which signifies that the company had a -0.25 % return per unit of risk over the last 3 months. Churchill Downs Incorporated exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Churchill Downs' Risk Adjusted Performance of (0.23), standard deviation of 1.26, and Mean Deviation of 1.02 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.73, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Churchill Downs' returns are expected to increase less than the market. However, during the bear market, the loss of holding Churchill Downs is expected to be smaller as well. At this point, Churchill Downs has a negative expected return of -0.32%. Please make sure to confirm Churchill Downs' skewness, as well as the relationship between the rate of daily change and price action indicator , to decide if Churchill Downs performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.86 |
Very good predictability
Churchill Downs Incorporated has very good predictability. Overlapping area represents the amount of predictability between Churchill Downs time series from 15th of December 2024 to 29th of January 2025 and 29th of January 2025 to 15th of March 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 Churchill Downs price movement. The serial correlation of 0.86 indicates that approximately 86.0% of current Churchill Downs price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.86 | |
| Spearman Rank Test | 0.76 | |
| Residual Average | 0.0 | |
| Price Variance | 22.0 |
Churchill Downs lagged returns against current returns
Autocorrelation, which is Churchill Downs 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 Churchill Downs' stock expected returns. We can calculate the autocorrelation of Churchill Downs returns to help us make a trade decision. For example, suppose you find that Churchill Downs 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 |
Churchill Downs 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 Churchill Downs stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Churchill Downs stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Churchill Downs stock over time.
Current vs Lagged Prices |
| Timeline |
Churchill Downs Lagged Returns
When evaluating Churchill Downs' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Churchill Downs stock have on its future price. Churchill Downs 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, Churchill Downs autocorrelation shows the relationship between Churchill Downs stock current value and its past values and can show if there is a momentum factor associated with investing in Churchill Downs Incorporated.
Regressed Prices |
| Timeline |
When determining whether Churchill Downs offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Churchill Downs' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Churchill Downs Incorporated Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Churchill Downs Incorporated Stock:
Check out Churchill Downs Correlation, Churchill Downs Volatility and Churchill Downs Alpha and Beta module to complement your research on Churchill Downs. You can also try the Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..
Churchill Downs 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.