Core Laboratories Nv Stock Market Value
| CLB Stock | USD 15.23 0.53 3.61% |
| Symbol | Core |
Core Laboratories Price To Book Ratio
Is Oil & Gas Equipment & Services 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 Core Laboratories. If investors know Core 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 Core Laboratories 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 2.896 | Dividend Share 0.04 | Earnings Share 0.66 | Revenue Per Share | Quarterly Revenue Growth 0.008 |
The market value of Core Laboratories is measured differently than its book value, which is the value of Core that is recorded on the company's balance sheet. Investors also form their own opinion of Core Laboratories' value that differs from its market value or its book value, called intrinsic value, which is Core Laboratories' 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 Core Laboratories' market value can be influenced by many factors that don't directly affect Core Laboratories' 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 Core Laboratories' value and its price as these two are different measures arrived at by different means. Investors typically determine if Core Laboratories is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Core Laboratories' 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.
Core Laboratories '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 Core Laboratories' 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 Core Laboratories.
| 12/14/2024 |
| 03/14/2025 |
If you would invest 0.00 in Core Laboratories on December 14, 2024 and sell it all today you would earn a total of 0.00 from holding Core Laboratories NV or generate 0.0% return on investment in Core Laboratories over 90 days. Core Laboratories is related to or competes with Bristow, RPC, NOV, Oceaneering International, Cactus, Now, and Oil States. Core Laboratories N.V. provides reservoir description and production enhancement services and products to the oil and ga... More
Core Laboratories 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 Core Laboratories' 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 Core Laboratories NV upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.1) | |||
| Maximum Drawdown | 11.89 | |||
| Value At Risk | (4.72) | |||
| Potential Upside | 4.04 |
Core Laboratories Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Core Laboratories' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Core Laboratories' standard deviation. In reality, there are many statistical measures that can use Core Laboratories historical prices to predict the future Core Laboratories' volatility.| Risk Adjusted Performance | (0.12) | |||
| Jensen Alpha | (0.31) | |||
| Total Risk Alpha | 0.0555 | |||
| Treynor Ratio | (0.54) |
Core Laboratories Backtested Returns
Core Laboratories secures Sharpe Ratio (or Efficiency) of -0.13, which signifies that the company had a -0.13 % return per unit of risk over the last 3 months. Core Laboratories NV exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Core Laboratories' Standard Deviation of 2.85, mean deviation of 2.32, and Risk Adjusted Performance of (0.12) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.79, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Core Laboratories' returns are expected to increase less than the market. However, during the bear market, the loss of holding Core Laboratories is expected to be smaller as well. At this point, Core Laboratories has a negative expected return of -0.38%. Please make sure to confirm Core Laboratories' kurtosis, day median price, and the relationship between the potential upside and daily balance of power , to decide if Core Laboratories performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.56 |
Good reverse predictability
Core Laboratories NV has good reverse predictability. Overlapping area represents the amount of predictability between Core Laboratories time series from 14th of December 2024 to 28th of January 2025 and 28th of January 2025 to 14th 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 Core Laboratories price movement. The serial correlation of -0.56 indicates that roughly 56.0% of current Core Laboratories price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.56 | |
| Spearman Rank Test | -0.54 | |
| Residual Average | 0.0 | |
| Price Variance | 2.07 |
Core Laboratories lagged returns against current returns
Autocorrelation, which is Core Laboratories 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 Core Laboratories' stock expected returns. We can calculate the autocorrelation of Core Laboratories returns to help us make a trade decision. For example, suppose you find that Core Laboratories 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 |
Core Laboratories 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 Core Laboratories stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Core Laboratories stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Core Laboratories stock over time.
Current vs Lagged Prices |
| Timeline |
Core Laboratories Lagged Returns
When evaluating Core Laboratories' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Core Laboratories stock have on its future price. Core Laboratories 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, Core Laboratories autocorrelation shows the relationship between Core Laboratories stock current value and its past values and can show if there is a momentum factor associated with investing in Core Laboratories NV.
Regressed Prices |
| Timeline |
Also Currently Popular
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.When determining whether Core Laboratories offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Core Laboratories' 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 Core Laboratories Nv Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Core Laboratories Nv Stock:Check out Core Laboratories Correlation, Core Laboratories Volatility and Core Laboratories Alpha and Beta module to complement your research on Core Laboratories. You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
Core Laboratories 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.