Charter Communications Stock Market Value
| CHTR Stock | USD 389.81 0.48 0.12% |
| Symbol | Charter |
Charter Communications 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 Charter Communications. If investors know Charter 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 Charter Communications 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 0.069 | Earnings Share 31.93 | Revenue Per Share 380.736 | Quarterly Revenue Growth 0.016 | Return On Assets 0.0541 |
The market value of Charter Communications is measured differently than its book value, which is the value of Charter that is recorded on the company's balance sheet. Investors also form their own opinion of Charter Communications' value that differs from its market value or its book value, called intrinsic value, which is Charter Communications' 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 Charter Communications' market value can be influenced by many factors that don't directly affect Charter Communications' 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 Charter Communications' value and its price as these two are different measures arrived at by different means. Investors typically determine if Charter Communications is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Charter Communications' 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.
Charter Communications '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 Charter Communications' 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 Charter Communications.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Charter Communications on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Charter Communications or generate 0.0% return on investment in Charter Communications over 30 days. Charter Communications is related to or competes with Merck, Pharvaris, Brinker International, Alcoa Corp, Direxion Daily, Collegium Pharmaceutical, and Blue Owl. Charter Communications, Inc. operates as a broadband connectivity and cable operator company serving residential and com... More
Charter Communications 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 Charter Communications' 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 Charter Communications upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.71 | |||
| Information Ratio | 0.0163 | |||
| Maximum Drawdown | 15.54 | |||
| Value At Risk | (2.95) | |||
| Potential Upside | 3.63 |
Charter Communications Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Charter Communications' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Charter Communications' standard deviation. In reality, there are many statistical measures that can use Charter Communications historical prices to predict the future Charter Communications' volatility.| Risk Adjusted Performance | 0.0609 | |||
| Jensen Alpha | 0.0278 | |||
| Total Risk Alpha | (0.22) | |||
| Sortino Ratio | 0.0229 | |||
| Treynor Ratio | 0.1458 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Charter Communications' 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.
Charter Communications Backtested Returns
Charter Communications appears to be very steady, given 3 months investment horizon. Charter Communications secures Sharpe Ratio (or Efficiency) of 0.0866, which signifies that the company had a 0.0866% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Charter Communications, which you can use to evaluate the volatility of the firm. Please makes use of Charter Communications' risk adjusted performance of 0.0609, and Mean Deviation of 1.61 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Charter Communications holds a performance score of 6. The firm shows a Beta (market volatility) of 1.09, which signifies a somewhat significant risk relative to the market. Charter Communications returns are very sensitive to returns on the market. As the market goes up or down, Charter Communications is expected to follow. Please check Charter Communications' coefficient of variation, semi variance, period momentum indicator, as well as the relationship between the treynor ratio and daily balance of power , to make a quick decision on whether Charter Communications' price patterns will revert.
Auto-correlation | -0.66 |
Very good reverse predictability
Charter Communications has very good reverse predictability. Overlapping area represents the amount of predictability between Charter Communications time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 Charter Communications price movement. The serial correlation of -0.66 indicates that around 66.0% of current Charter Communications price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.66 | |
| Spearman Rank Test | -0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 36.68 |
Charter Communications lagged returns against current returns
Autocorrelation, which is Charter Communications 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 Charter Communications' stock expected returns. We can calculate the autocorrelation of Charter Communications returns to help us make a trade decision. For example, suppose you find that Charter Communications 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 |
Charter Communications 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 Charter Communications stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Charter Communications stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Charter Communications stock over time.
Current vs Lagged Prices |
| Timeline |
Charter Communications Lagged Returns
When evaluating Charter Communications' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Charter Communications stock have on its future price. Charter Communications 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, Charter Communications autocorrelation shows the relationship between Charter Communications stock current value and its past values and can show if there is a momentum factor associated with investing in Charter Communications.
Regressed Prices |
| Timeline |
Pair Trading with Charter Communications
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 Charter Communications 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 Charter Communications will appreciate offsetting losses from the drop in the long position's value.Moving against Charter Stock
| 0.6 | DLPN | Dolphin Entertainment | PairCorr |
| 0.44 | ADD | Color Star Technology Downward Rally | PairCorr |
| 0.41 | DRCT | Direct Digital Holdings | PairCorr |
| 0.38 | WIMI | WiMi Hologram Cloud | PairCorr |
| 0.37 | IQ | iQIYI Inc Buyout Trend | PairCorr |
The ability to find closely correlated positions to Charter Communications could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Charter Communications 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 Charter Communications - 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 Charter Communications to buy it.
The correlation of Charter Communications 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 Charter Communications moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Charter Communications 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 Charter Communications 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 Charter Stock Analysis
When running Charter Communications' price analysis, check to measure Charter Communications' 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 Charter Communications is operating at the current time. Most of Charter Communications' value examination focuses on studying past and present price action to predict the probability of Charter Communications' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Charter Communications' price. Additionally, you may evaluate how the addition of Charter Communications to your portfolios can decrease your overall portfolio volatility.