Corning Incorporated (Germany) Market Value

GLW Stock  EUR 42.28  0.89  2.15%   
Corning Incorporated's market value is the price at which a share of Corning Incorporated trades on a public exchange. It measures the collective expectations of Corning Incorporated investors about its performance. Corning Incorporated is trading at 42.28 as of the 17th of March 2025. This is a 2.15 percent increase since the beginning of the trading day. The stock's lowest day price was 42.25.
With this module, you can estimate the performance of a buy and hold strategy of Corning Incorporated and determine expected loss or profit from investing in Corning Incorporated over a given investment horizon. Check out Corning Incorporated Correlation, Corning Incorporated Volatility and Corning Incorporated Alpha and Beta module to complement your research on Corning Incorporated.
For more detail on how to invest in Corning Stock please use our How to Invest in Corning Incorporated guide.
Symbol

Please note, there is a significant difference between Corning Incorporated's value and its price as these two are different measures arrived at by different means. Investors typically determine if Corning Incorporated is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Corning Incorporated'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.

Corning Incorporated '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 Corning Incorporated'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 Corning Incorporated.
0.00
12/17/2024
No Change 0.00  0.0 
In 2 months and 31 days
03/17/2025
0.00
If you would invest  0.00  in Corning Incorporated on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Corning Incorporated or generate 0.0% return on investment in Corning Incorporated over 90 days. Corning Incorporated is related to or competes with Media, ATRESMEDIA, Sekisui Chemical, Ubisoft Entertainment, and AcadeMedia. Corning Incorporated engages in display technologies, optical communications, environmental technologies, specialty mate... More

Corning Incorporated 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 Corning Incorporated'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 Corning Incorporated upside and downside potential and time the market with a certain degree of confidence.

Corning Incorporated Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Corning Incorporated's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Corning Incorporated's standard deviation. In reality, there are many statistical measures that can use Corning Incorporated historical prices to predict the future Corning Incorporated's volatility.
Hype
Prediction
LowEstimatedHigh
40.0342.2844.53
Details
Intrinsic
Valuation
LowRealHigh
32.0034.2546.51
Details
Naive
Forecast
LowNextHigh
39.1241.3743.62
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
41.4242.7043.99
Details

Corning Incorporated Backtested Returns

Corning Incorporated secures Sharpe Ratio (or Efficiency) of -0.0408, which signifies that the company had a -0.0408 % return per unit of risk over the last 3 months. Corning Incorporated exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Corning Incorporated's Risk Adjusted Performance of (0.04), mean deviation of 1.5, and Standard Deviation of 2.2 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.45, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Corning Incorporated's returns are expected to increase less than the market. However, during the bear market, the loss of holding Corning Incorporated is expected to be smaller as well. At this point, Corning Incorporated has a negative expected return of -0.0926%. Please make sure to confirm Corning Incorporated's value at risk, accumulation distribution, day typical price, as well as the relationship between the skewness and rate of daily change , to decide if Corning Incorporated performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  -0.67  

Very good reverse predictability

Corning Incorporated has very good reverse predictability. Overlapping area represents the amount of predictability between Corning Incorporated time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th 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 Corning Incorporated price movement. The serial correlation of -0.67 indicates that around 67.0% of current Corning Incorporated price fluctuation can be explain by its past prices.
Correlation Coefficient-0.67
Spearman Rank Test-0.74
Residual Average0.0
Price Variance9.88

Corning Incorporated lagged returns against current returns

Autocorrelation, which is Corning Incorporated 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 Corning Incorporated's stock expected returns. We can calculate the autocorrelation of Corning Incorporated returns to help us make a trade decision. For example, suppose you find that Corning Incorporated 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  

Corning Incorporated 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 Corning Incorporated stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Corning Incorporated stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Corning Incorporated stock over time.
   Current vs Lagged Prices   
       Timeline  

Corning Incorporated Lagged Returns

When evaluating Corning Incorporated's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Corning Incorporated stock have on its future price. Corning Incorporated 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, Corning Incorporated autocorrelation shows the relationship between Corning Incorporated stock current value and its past values and can show if there is a momentum factor associated with investing in Corning Incorporated.
   Regressed Prices   
       Timeline  

Currently Active Assets on Macroaxis

Additional Information and Resources on Investing in Corning Stock

When determining whether Corning Incorporated is a strong investment it is important to analyze Corning Incorporated's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Corning Incorporated's future performance. For an informed investment choice regarding Corning Stock, refer to the following important reports:
Check out Corning Incorporated Correlation, Corning Incorporated Volatility and Corning Incorporated Alpha and Beta module to complement your research on Corning Incorporated.
For more detail on how to invest in Corning Stock please use our How to Invest in Corning Incorporated guide.
You can also try the Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.
Corning Incorporated 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.
A focus of Corning Incorporated technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Corning Incorporated trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...