Coherent Stock Market Value
| COHR Stock | USD 64.30 1.90 3.04% |
| Symbol | Coherent |
Coherent Price To Book Ratio
Is Electronic Equipment, Instruments & Components 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 Coherent. If investors know Coherent 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 Coherent 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 (0.61) | Earnings Share (0.40) | Revenue Per Share | Quarterly Revenue Growth 0.268 | Return On Assets |
The market value of Coherent is measured differently than its book value, which is the value of Coherent that is recorded on the company's balance sheet. Investors also form their own opinion of Coherent's value that differs from its market value or its book value, called intrinsic value, which is Coherent'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 Coherent's market value can be influenced by many factors that don't directly affect Coherent'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 Coherent's value and its price as these two are different measures arrived at by different means. Investors typically determine if Coherent is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Coherent'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.
Coherent '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 Coherent'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 Coherent.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in Coherent on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding Coherent or generate 0.0% return on investment in Coherent over 90 days. Coherent is related to or competes with MKS Instruments, IPG Photonics, Cognex, and Lumentum Holdings. Coherent Corp. develops, manufactures, and markets engineered materials, optoelectronic components, and devices worldwid... More
Coherent 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 Coherent'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 Coherent upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 25.13 | |||
| Value At Risk | (7.31) | |||
| Potential Upside | 5.62 |
Coherent Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Coherent's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Coherent's standard deviation. In reality, there are many statistical measures that can use Coherent historical prices to predict the future Coherent's volatility.| Risk Adjusted Performance | (0.13) | |||
| Jensen Alpha | (0.55) | |||
| Total Risk Alpha | (0.14) | |||
| Treynor Ratio | (0.45) |
Coherent Backtested Returns
Coherent 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. Coherent exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Coherent's Risk Adjusted Performance of (0.13), mean deviation of 3.57, and Standard Deviation of 4.65 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.61, 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, Coherent will likely underperform. At this point, Coherent has a negative expected return of -0.73%. Please make sure to confirm Coherent's treynor ratio, as well as the relationship between the kurtosis and day typical price , to decide if Coherent performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.31 |
Below average predictability
Coherent has below average predictability. Overlapping area represents the amount of predictability between Coherent 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 Coherent price movement. The serial correlation of 0.31 indicates that nearly 31.0% of current Coherent price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.31 | |
| Spearman Rank Test | 0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 98.34 |
Coherent lagged returns against current returns
Autocorrelation, which is Coherent 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 Coherent's stock expected returns. We can calculate the autocorrelation of Coherent returns to help us make a trade decision. For example, suppose you find that Coherent 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 |
Coherent 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 Coherent stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Coherent stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Coherent stock over time.
Current vs Lagged Prices |
| Timeline |
Coherent Lagged Returns
When evaluating Coherent's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Coherent stock have on its future price. Coherent 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, Coherent autocorrelation shows the relationship between Coherent stock current value and its past values and can show if there is a momentum factor associated with investing in Coherent.
Regressed Prices |
| Timeline |
Pair Trading with Coherent
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 Coherent 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 Coherent will appreciate offsetting losses from the drop in the long position's value.Moving against Coherent Stock
| 0.71 | ITRN | Ituran Location | PairCorr |
| 0.63 | ESE | ESCO Technologies | PairCorr |
| 0.38 | WRAP | Wrap Technologies Tech Boost | PairCorr |
| 0.36 | GRMN | Garmin | PairCorr |
| 0.36 | SVREW | SaverOne 2014 | PairCorr |
The ability to find closely correlated positions to Coherent could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Coherent 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 Coherent - 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 Coherent to buy it.
The correlation of Coherent 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 Coherent moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Coherent 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 Coherent 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 Coherent Stock Analysis
When running Coherent's price analysis, check to measure Coherent'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 Coherent is operating at the current time. Most of Coherent's value examination focuses on studying past and present price action to predict the probability of Coherent's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Coherent's price. Additionally, you may evaluate how the addition of Coherent to your portfolios can decrease your overall portfolio volatility.