Cantaloupe Stock Market Value
| CTLP Stock | USD 7.71 0.19 2.53% |
| Symbol | Cantaloupe |
Is Application Software 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 Cantaloupe. If investors know Cantaloupe 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 Cantaloupe listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Cantaloupe is measured differently than its book value, which is the value of Cantaloupe that is recorded on the company's balance sheet. Investors also form their own opinion of Cantaloupe's value that differs from its market value or its book value, called intrinsic value, which is Cantaloupe'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 Cantaloupe's market value can be influenced by many factors that don't directly affect Cantaloupe'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 Cantaloupe's value and its price as these two are different measures arrived at by different means. Investors typically determine if Cantaloupe is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cantaloupe'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.
Cantaloupe '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 Cantaloupe'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 Cantaloupe.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in Cantaloupe on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding Cantaloupe or generate 0.0% return on investment in Cantaloupe over 90 days. Cantaloupe is related to or competes with FiscalNote Holdings, CLPS, Formula Systems, CSP, Nayax, Information Services, and Hackett. Cantaloupe, Inc., a digital payments and software services company, provides technology solutions for the unattended ret... More
Cantaloupe 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 Cantaloupe'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 Cantaloupe upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.1) | |||
| Maximum Drawdown | 20.37 | |||
| Value At Risk | (4.74) | |||
| Potential Upside | 4.06 |
Cantaloupe Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cantaloupe's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cantaloupe's standard deviation. In reality, there are many statistical measures that can use Cantaloupe historical prices to predict the future Cantaloupe's volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.37) | |||
| Total Risk Alpha | (0.02) | |||
| Treynor Ratio | (0.89) |
Cantaloupe Backtested Returns
Cantaloupe 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. Cantaloupe exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Cantaloupe's Risk Adjusted Performance of (0.11), mean deviation of 2.33, and Standard Deviation of 3.2 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.48, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Cantaloupe's returns are expected to increase less than the market. However, during the bear market, the loss of holding Cantaloupe is expected to be smaller as well. At this point, Cantaloupe has a negative expected return of -0.41%. Please make sure to confirm Cantaloupe's potential upside, as well as the relationship between the rate of daily change and period momentum indicator , to decide if Cantaloupe performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.26 |
Weak reverse predictability
Cantaloupe has weak reverse predictability. Overlapping area represents the amount of predictability between Cantaloupe 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 Cantaloupe price movement. The serial correlation of -0.26 indicates that nearly 26.0% of current Cantaloupe price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.26 | |
| Spearman Rank Test | 0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 0.99 |
Cantaloupe lagged returns against current returns
Autocorrelation, which is Cantaloupe 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 Cantaloupe's stock expected returns. We can calculate the autocorrelation of Cantaloupe returns to help us make a trade decision. For example, suppose you find that Cantaloupe 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 |
Cantaloupe 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 Cantaloupe stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cantaloupe stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cantaloupe stock over time.
Current vs Lagged Prices |
| Timeline |
Cantaloupe Lagged Returns
When evaluating Cantaloupe's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cantaloupe stock have on its future price. Cantaloupe 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, Cantaloupe autocorrelation shows the relationship between Cantaloupe stock current value and its past values and can show if there is a momentum factor associated with investing in Cantaloupe.
Regressed Prices |
| Timeline |
Pair Trading with Cantaloupe
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 Cantaloupe 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 Cantaloupe will appreciate offsetting losses from the drop in the long position's value.Moving together with Cantaloupe Stock
Moving against Cantaloupe Stock
The ability to find closely correlated positions to Cantaloupe could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cantaloupe 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 Cantaloupe - 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 Cantaloupe to buy it.
The correlation of Cantaloupe 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 Cantaloupe moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cantaloupe 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 Cantaloupe 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 Cantaloupe Stock Analysis
When running Cantaloupe's price analysis, check to measure Cantaloupe'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 Cantaloupe is operating at the current time. Most of Cantaloupe's value examination focuses on studying past and present price action to predict the probability of Cantaloupe's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cantaloupe's price. Additionally, you may evaluate how the addition of Cantaloupe to your portfolios can decrease your overall portfolio volatility.