Corning Incorporated (Germany) Market Value
| GLW Stock | EUR 42.28 0.89 2.15% |
| Symbol | Corning |
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.
| 12/17/2024 |
| 03/17/2025 |
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.
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 14.67 | |||
| Value At Risk | (3.32) | |||
| Potential Upside | 3.36 |
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.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | 0.1413 | |||
| Treynor Ratio | (0.30) |
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), standard deviation of 2.2, and Mean Deviation of 1.5 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 Average | 0.0 | |
| Price Variance | 9.88 |
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 |
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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 Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
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.