Franklin Covey Stock Market Value
| FC Stock | USD 36.38 0.25 0.68% |
| Symbol | Franklin |
Franklin Covey Price To Book Ratio
Is Research & Consulting Services 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 Franklin Covey. If investors know Franklin 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 Franklin Covey 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 0.837 | Earnings Share 1.74 | Revenue Per Share 21.808 | Quarterly Revenue Growth 0.079 | Return On Assets 0.0911 |
The market value of Franklin Covey is measured differently than its book value, which is the value of Franklin that is recorded on the company's balance sheet. Investors also form their own opinion of Franklin Covey's value that differs from its market value or its book value, called intrinsic value, which is Franklin Covey'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 Franklin Covey's market value can be influenced by many factors that don't directly affect Franklin Covey'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 Franklin Covey's value and its price as these two are different measures arrived at by different means. Investors typically determine if Franklin Covey is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Franklin Covey'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.
Franklin Covey '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 Franklin Covey'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 Franklin Covey.
| 06/04/2024 |
| 12/01/2024 |
If you would invest 0.00 in Franklin Covey on June 4, 2024 and sell it all today you would earn a total of 0.00 from holding Franklin Covey or generate 0.0% return on investment in Franklin Covey over 180 days. Franklin Covey is related to or competes with CRA International, Thermon Group, Forrester Research, Forestar, and Alamo. Franklin Covey Co. provides training and consulting services in the areas of execution, sales performance, productivity,... More
Franklin Covey 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 Franklin Covey'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 Franklin Covey upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 22.53 | |||
| Value At Risk | (3.04) | |||
| Potential Upside | 2.45 |
Franklin Covey Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Franklin Covey's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Franklin Covey's standard deviation. In reality, there are many statistical measures that can use Franklin Covey historical prices to predict the future Franklin Covey's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.29) | |||
| Total Risk Alpha | (0.53) | |||
| Treynor Ratio | (0.07) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Franklin Covey'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.
Franklin Covey Backtested Returns
Franklin Covey secures Sharpe Ratio (or Efficiency) of -0.04, which denotes the company had a -0.04% return per unit of standard deviation over the last 3 months. Franklin Covey exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Franklin Covey's Mean Deviation of 1.49, coefficient of variation of (2,925), and Standard Deviation of 2.58 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.5, which means 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, Franklin Covey will likely underperform. At this point, Franklin Covey has a negative expected return of -0.1%. Please make sure to confirm Franklin Covey's total risk alpha, potential upside, and the relationship between the standard deviation and maximum drawdown , to decide if Franklin Covey performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.11 |
Insignificant reverse predictability
Franklin Covey has insignificant reverse predictability. Overlapping area represents the amount of predictability between Franklin Covey time series from 4th of June 2024 to 2nd of September 2024 and 2nd of September 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 Franklin Covey price movement. The serial correlation of -0.11 indicates that less than 11.0% of current Franklin Covey price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.11 | |
| Spearman Rank Test | -0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 3.47 |
Franklin Covey lagged returns against current returns
Autocorrelation, which is Franklin Covey 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 Franklin Covey's stock expected returns. We can calculate the autocorrelation of Franklin Covey returns to help us make a trade decision. For example, suppose you find that Franklin Covey 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 |
Franklin Covey 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 Franklin Covey stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Franklin Covey stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Franklin Covey stock over time.
Current vs Lagged Prices |
| Timeline |
Franklin Covey Lagged Returns
When evaluating Franklin Covey's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Franklin Covey stock have on its future price. Franklin Covey 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, Franklin Covey autocorrelation shows the relationship between Franklin Covey stock current value and its past values and can show if there is a momentum factor associated with investing in Franklin Covey.
Regressed Prices |
| Timeline |
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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.Check out Franklin Covey Correlation, Franklin Covey Volatility and Franklin Covey Alpha and Beta module to complement your research on Franklin Covey. For information on how to trade Franklin Stock refer to our How to Trade Franklin Stock guide.You can also try the USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.
Franklin Covey 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.