Core Molding Technologies Stock Market Value
| CMT Stock | USD 16.54 0.07 0.42% |
| Symbol | Core |
Core Molding Technologies Price To Book Ratio
Is Commodity Chemicals 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 Molding. 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 Molding 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 (0.27) | Earnings Share 1.74 | Revenue Per Share 36.071 | Quarterly Revenue Growth (0.16) | Return On Assets 0.0537 |
The market value of Core Molding Technologies 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 Molding's value that differs from its market value or its book value, called intrinsic value, which is Core Molding'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 Core Molding's market value can be influenced by many factors that don't directly affect Core Molding'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 Core Molding's value and its price as these two are different measures arrived at by different means. Investors typically determine if Core Molding is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Core Molding'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.
Core Molding '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 Molding'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 Core Molding.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Core Molding on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Core Molding Technologies or generate 0.0% return on investment in Core Molding over 30 days. Core Molding is related to or competes with Innospec, H B, Quaker Chemical, Minerals Technologies, Northern Technologies, Oil Dri, and Orion Engineered. Core Molding Technologies, Inc., together with its subsidiaries, operates as a molder of thermoplastic and thermoset str... More
Core Molding 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 Molding'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 Core Molding Technologies upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 15.07 | |||
| Value At Risk | (3.76) | |||
| Potential Upside | 3.67 |
Core Molding Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Core Molding's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Core Molding's standard deviation. In reality, there are many statistical measures that can use Core Molding historical prices to predict the future Core Molding's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.34) | |||
| Total Risk Alpha | (0.51) | |||
| Treynor Ratio | (0.04) |
Core Molding Technologies Backtested Returns
Core Molding Technologies secures Sharpe Ratio (or Efficiency) of -0.03, which signifies that the company had a -0.03% return per unit of risk over the last 3 months. Core Molding Technologies exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Core Molding's Mean Deviation of 1.89, risk adjusted performance of (0.02), and Standard Deviation of 2.52 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.96, 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, Core Molding will likely underperform. At this point, Core Molding Technologies has a negative expected return of -0.0768%. Please make sure to confirm Core Molding's total risk alpha, skewness, as well as the relationship between the Skewness and day median price , to decide if Core Molding Technologies performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.81 |
Very good predictability
Core Molding Technologies has very good predictability. Overlapping area represents the amount of predictability between Core Molding time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st 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 Core Molding Technologies price movement. The serial correlation of 0.81 indicates that around 81.0% of current Core Molding price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.81 | |
| Spearman Rank Test | 0.84 | |
| Residual Average | 0.0 | |
| Price Variance | 0.37 |
Core Molding Technologies lagged returns against current returns
Autocorrelation, which is Core Molding 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 Molding's stock expected returns. We can calculate the autocorrelation of Core Molding returns to help us make a trade decision. For example, suppose you find that Core Molding 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 Molding 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 Molding stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Core Molding stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Core Molding stock over time.
Current vs Lagged Prices |
| Timeline |
Core Molding Lagged Returns
When evaluating Core Molding's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Core Molding stock have on its future price. Core Molding 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 Molding autocorrelation shows the relationship between Core Molding stock current value and its past values and can show if there is a momentum factor associated with investing in Core Molding Technologies.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Core Stock Analysis
When running Core Molding's price analysis, check to measure Core Molding'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 Core Molding is operating at the current time. Most of Core Molding's value examination focuses on studying past and present price action to predict the probability of Core Molding's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Core Molding's price. Additionally, you may evaluate how the addition of Core Molding to your portfolios can decrease your overall portfolio volatility.