Canterbury Park Holding Stock Market Value
| CPHC Stock | USD 19.05 0.45 2.31% |
| Symbol | Canterbury |
Canterbury Park Holding Price To Book Ratio
Is Hotels, Restaurants & Leisure 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 Canterbury Park. If investors know Canterbury 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 Canterbury Park 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 (0.94) | Earnings Share 0.98 | Revenue Per Share | Quarterly Revenue Growth (0.01) | Return On Assets |
The market value of Canterbury Park Holding is measured differently than its book value, which is the value of Canterbury that is recorded on the company's balance sheet. Investors also form their own opinion of Canterbury Park's value that differs from its market value or its book value, called intrinsic value, which is Canterbury Park'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 Canterbury Park's market value can be influenced by many factors that don't directly affect Canterbury Park'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 Canterbury Park's value and its price as these two are different measures arrived at by different means. Investors typically determine if Canterbury Park is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Canterbury Park'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.
Canterbury Park '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 Canterbury Park'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 Canterbury Park.
| 09/16/2024 |
| 03/15/2025 |
If you would invest 0.00 in Canterbury Park on September 16, 2024 and sell it all today you would earn a total of 0.00 from holding Canterbury Park Holding or generate 0.0% return on investment in Canterbury Park over 180 days. Canterbury Park is related to or competes with Community West, Citizens Community, and Bridgford Foods. Canterbury Park Holding Corporation, through its subsidiaries, engages in horse racing, card casino, food and beverage, ... More
Canterbury Park 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 Canterbury Park'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 Canterbury Park Holding upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0) | |||
| Maximum Drawdown | 13.61 | |||
| Value At Risk | (3.94) | |||
| Potential Upside | 3.83 |
Canterbury Park Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Canterbury Park's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Canterbury Park's standard deviation. In reality, there are many statistical measures that can use Canterbury Park historical prices to predict the future Canterbury Park's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | 0.1953 | |||
| Treynor Ratio | (0.47) |
Canterbury Park Holding Backtested Returns
Canterbury Park Holding secures Sharpe Ratio (or Efficiency) of -0.0546, which signifies that the company had a -0.0546 % return per unit of risk over the last 3 months. Canterbury Park Holding exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Canterbury Park's Risk Adjusted Performance of (0.03), mean deviation of 1.83, and Standard Deviation of 2.52 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.26, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Canterbury Park's returns are expected to increase less than the market. However, during the bear market, the loss of holding Canterbury Park is expected to be smaller as well. At this point, Canterbury Park Holding has a negative expected return of -0.13%. Please make sure to confirm Canterbury Park's skewness, and the relationship between the total risk alpha and rate of daily change , to decide if Canterbury Park Holding performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.44 |
Modest reverse predictability
Canterbury Park Holding has modest reverse predictability. Overlapping area represents the amount of predictability between Canterbury Park time series from 16th of September 2024 to 15th of December 2024 and 15th of December 2024 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 Canterbury Park Holding price movement. The serial correlation of -0.44 indicates that just about 44.0% of current Canterbury Park price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.44 | |
| Spearman Rank Test | -0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 0.27 |
Canterbury Park Holding lagged returns against current returns
Autocorrelation, which is Canterbury Park 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 Canterbury Park's stock expected returns. We can calculate the autocorrelation of Canterbury Park returns to help us make a trade decision. For example, suppose you find that Canterbury Park 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 |
Canterbury Park 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 Canterbury Park stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Canterbury Park stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Canterbury Park stock over time.
Current vs Lagged Prices |
| Timeline |
Canterbury Park Lagged Returns
When evaluating Canterbury Park's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Canterbury Park stock have on its future price. Canterbury Park 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, Canterbury Park autocorrelation shows the relationship between Canterbury Park stock current value and its past values and can show if there is a momentum factor associated with investing in Canterbury Park Holding.
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 Canterbury Park Holding offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Canterbury Park's 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 Canterbury Park Holding Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Canterbury Park Holding Stock:Check out Canterbury Park Correlation, Canterbury Park Volatility and Canterbury Park Alpha and Beta module to complement your research on Canterbury Park. You can also try the Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..
Canterbury Park 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.