Corteva Stock Market Value
| CTVA Stock | USD 62.24 0.26 0.42% |
| Symbol | Corteva |
Corteva Price To Book Ratio
Is Fertilizers & Agricultural 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 Corteva. If investors know Corteva 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 Corteva 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 0.508 | Dividend Share 0.66 | Earnings Share 0.96 | Revenue Per Share 23.841 | Quarterly Revenue Growth (0.10) |
The market value of Corteva is measured differently than its book value, which is the value of Corteva that is recorded on the company's balance sheet. Investors also form their own opinion of Corteva's value that differs from its market value or its book value, called intrinsic value, which is Corteva'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 Corteva's market value can be influenced by many factors that don't directly affect Corteva'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 Corteva's value and its price as these two are different measures arrived at by different means. Investors typically determine if Corteva is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Corteva'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.
Corteva '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 Corteva'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 Corteva.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Corteva on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Corteva or generate 0.0% return on investment in Corteva over 30 days. Corteva is related to or competes with CF Industries, American Vanguard, Intrepid Potash, Mosaic, Nutrien, FMC, and ICL Israel. The Seed segment develops and supplies advanced germplasm and traits that produce optimum yield for farms More
Corteva 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 Corteva'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 Corteva upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.55 | |||
| Information Ratio | 0.0249 | |||
| Maximum Drawdown | 7.9 | |||
| Value At Risk | (2.38) | |||
| Potential Upside | 2.88 |
Corteva Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Corteva's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Corteva's standard deviation. In reality, there are many statistical measures that can use Corteva historical prices to predict the future Corteva's volatility.| Risk Adjusted Performance | 0.0901 | |||
| Jensen Alpha | 0.0673 | |||
| Total Risk Alpha | (0.1) | |||
| Sortino Ratio | 0.0256 | |||
| Treynor Ratio | 0.2134 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Corteva's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Corteva Backtested Returns
At this point, Corteva is very steady. Corteva secures Sharpe Ratio (or Efficiency) of 0.12, which signifies that the company had a 0.12% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Corteva, which you can use to evaluate the volatility of the firm. Please confirm Corteva's Risk Adjusted Performance of 0.0901, mean deviation of 1.18, and Downside Deviation of 1.55 to double-check if the risk estimate we provide is consistent with the expected return of 0.19%. Corteva has a performance score of 9 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.78, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Corteva's returns are expected to increase less than the market. However, during the bear market, the loss of holding Corteva is expected to be smaller as well. Corteva right now shows a risk of 1.58%. Please confirm Corteva treynor ratio, kurtosis, relative strength index, as well as the relationship between the downside variance and day median price , to decide if Corteva will be following its price patterns.
Auto-correlation | -0.74 |
Almost perfect reverse predictability
Corteva has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Corteva time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th of November 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 Corteva price movement. The serial correlation of -0.74 indicates that around 74.0% of current Corteva price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.74 | |
| Spearman Rank Test | -0.89 | |
| Residual Average | 0.0 | |
| Price Variance | 7.65 |
Corteva lagged returns against current returns
Autocorrelation, which is Corteva 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 Corteva's stock expected returns. We can calculate the autocorrelation of Corteva returns to help us make a trade decision. For example, suppose you find that Corteva 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 |
Corteva 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 Corteva stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Corteva stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Corteva stock over time.
Current vs Lagged Prices |
| Timeline |
Corteva Lagged Returns
When evaluating Corteva's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Corteva stock have on its future price. Corteva 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, Corteva autocorrelation shows the relationship between Corteva stock current value and its past values and can show if there is a momentum factor associated with investing in Corteva.
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 Corteva offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Corteva'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 Corteva Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Corteva Stock:Check out Corteva Correlation, Corteva Volatility and Corteva Alpha and Beta module to complement your research on Corteva. For information on how to trade Corteva Stock refer to our How to Trade Corteva Stock guide.You can also try the Money Managers module to screen money managers from public funds and ETFs managed around the world.
Corteva 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.