Commercial Metals Stock Market Value
| CMC Stock | USD 61.75 0.51 0.82% |
| Symbol | Commercial |
Commercial Metals Price To Book Ratio
Is Metals & Mining 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 Commercial Metals. If investors know Commercial 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 Commercial Metals 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 (0.43) | Dividend Share 0.68 | Earnings Share 4.14 | Revenue Per Share 68.419 | Quarterly Revenue Growth (0.1) |
The market value of Commercial Metals is measured differently than its book value, which is the value of Commercial that is recorded on the company's balance sheet. Investors also form their own opinion of Commercial Metals' value that differs from its market value or its book value, called intrinsic value, which is Commercial Metals' 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 Commercial Metals' market value can be influenced by many factors that don't directly affect Commercial Metals' 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 Commercial Metals' value and its price as these two are different measures arrived at by different means. Investors typically determine if Commercial Metals is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Commercial Metals' 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.
Commercial Metals '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 Commercial Metals' 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 Commercial Metals.
| 07/20/2023 |
| 12/11/2024 |
If you would invest 0.00 in Commercial Metals on July 20, 2023 and sell it all today you would earn a total of 0.00 from holding Commercial Metals or generate 0.0% return on investment in Commercial Metals over 510 days. Commercial Metals is related to or competes with Olympic Steel, Steel Dynamics, Nucor Corp, Universal Stainless, POSCO Holdings, Outokumpu Oyj, and United States. Commercial Metals Company manufactures, recycles, and fabricates steel and metal products, and related materials and ser... More
Commercial Metals 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 Commercial Metals' 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 Commercial Metals upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.56 | |||
| Information Ratio | 0.1027 | |||
| Maximum Drawdown | 16.53 | |||
| Value At Risk | (2.52) | |||
| Potential Upside | 4.5 |
Commercial Metals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Commercial Metals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Commercial Metals' standard deviation. In reality, there are many statistical measures that can use Commercial Metals historical prices to predict the future Commercial Metals' volatility.| Risk Adjusted Performance | 0.1181 | |||
| Jensen Alpha | 0.0781 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | 0.1597 | |||
| Treynor Ratio | 0.1457 |
Commercial Metals Backtested Returns
Commercial Metals appears to be very steady, given 3 months investment horizon. Commercial Metals secures Sharpe Ratio (or Efficiency) of 0.15, which signifies that the company had a 0.15% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Commercial Metals, which you can use to evaluate the volatility of the firm. Please makes use of Commercial Metals' Risk Adjusted Performance of 0.1181, mean deviation of 1.56, and Downside Deviation of 1.56 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Commercial Metals holds a performance score of 12. The firm shows a Beta (market volatility) of 2.5, 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, Commercial Metals will likely underperform. Please check Commercial Metals' jensen alpha, potential upside, accumulation distribution, as well as the relationship between the treynor ratio and expected short fall , to make a quick decision on whether Commercial Metals' price patterns will revert.
Auto-correlation | 0.39 |
Below average predictability
Commercial Metals has below average predictability. Overlapping area represents the amount of predictability between Commercial Metals time series from 20th of July 2023 to 31st of March 2024 and 31st of March 2024 to 11th of December 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 Commercial Metals price movement. The serial correlation of 0.39 indicates that just about 39.0% of current Commercial Metals price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.39 | |
| Spearman Rank Test | -0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 10.88 |
Commercial Metals lagged returns against current returns
Autocorrelation, which is Commercial Metals 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 Commercial Metals' stock expected returns. We can calculate the autocorrelation of Commercial Metals returns to help us make a trade decision. For example, suppose you find that Commercial Metals 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 |
Commercial Metals 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 Commercial Metals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Commercial Metals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Commercial Metals stock over time.
Current vs Lagged Prices |
| Timeline |
Commercial Metals Lagged Returns
When evaluating Commercial Metals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Commercial Metals stock have on its future price. Commercial Metals 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, Commercial Metals autocorrelation shows the relationship between Commercial Metals stock current value and its past values and can show if there is a momentum factor associated with investing in Commercial Metals.
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 Commercial Metals offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Commercial Metals' 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 Commercial Metals Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Commercial Metals Stock:Check out Commercial Metals Correlation, Commercial Metals Volatility and Commercial Metals Alpha and Beta module to complement your research on Commercial Metals. For information on how to trade Commercial Stock refer to our How to Trade Commercial Stock guide.You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
Commercial Metals 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.