CoreCivic's market value is the price at which a share of CoreCivic trades on an exchange. It measures the collective expectations of CoreCivic 475 percent investors about the bond's future performance. With this module, you can estimate the performance of a buy and hold strategy of CoreCivic 475 percent and determine expected loss or profit from investing in CoreCivic over a given investment horizon. Check out CoreCivic Correlation, CoreCivic Volatility and CoreCivic Alpha and Beta module to complement your research on CoreCivic. For information on how to trade CoreCivic Bond refer to our How to Trade CoreCivic Bond guide.
Please note, there is a significant difference between CoreCivic's value and its price as these two are different measures arrived at by different means. Investors typically determine if CoreCivic is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CoreCivic'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.
CoreCivic '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 CoreCivic's bond 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 CoreCivic.
0.00
12/19/2024
No Change 0.00
0.0
In 31 days
01/18/2025
0.00
If you would invest 0.00 in CoreCivic on December 19, 2024 and sell it all today you would earn a total of 0.00 from holding CoreCivic 475 percent or generate 0.0% return on investment in CoreCivic over 30 days. CoreCivic is related to or competes with 00108WAF7, 90331HPL1, ARB IOT, Aduro Clean, Meiwu Technology, Liberty Media, and Carvana. More
CoreCivic 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 CoreCivic's bond 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 CoreCivic 475 percent upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for CoreCivic's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CoreCivic's standard deviation. In reality, there are many statistical measures that can use CoreCivic historical prices to predict the future CoreCivic's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as CoreCivic. Your research has to be compared to or analyzed against CoreCivic's peers to derive any actionable benefits. When done correctly, CoreCivic's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in CoreCivic 475 percent.
CoreCivic 475 percent Backtested Returns
CoreCivic 475 percent secures Sharpe Ratio (or Efficiency) of -0.0831, which signifies that the bond had a -0.0831% return per unit of risk over the last 3 months. CoreCivic 475 percent exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm CoreCivic's Risk Adjusted Performance of (0.04), standard deviation of 2.2, and Mean Deviation of 1.16 to double-check the risk estimate we provide. The bond shows a Beta (market volatility) of -0.31, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning CoreCivic are expected to decrease at a much lower rate. During the bear market, CoreCivic is likely to outperform the market.
Auto-correlation
0.15
Insignificant predictability
CoreCivic 475 percent has insignificant predictability. Overlapping area represents the amount of predictability between CoreCivic time series from 19th of December 2024 to 3rd of January 2025 and 3rd of January 2025 to 18th of January 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 CoreCivic 475 percent price movement. The serial correlation of 0.15 indicates that less than 15.0% of current CoreCivic price fluctuation can be explain by its past prices.
Correlation Coefficient
0.15
Spearman Rank Test
-0.26
Residual Average
0.0
Price Variance
0.15
CoreCivic 475 percent lagged returns against current returns
Autocorrelation, which is CoreCivic bond'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 CoreCivic's bond expected returns. We can calculate the autocorrelation of CoreCivic returns to help us make a trade decision. For example, suppose you find that CoreCivic has exhibited high autocorrelation historically, and you observe that the bond 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
CoreCivic 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 CoreCivic bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CoreCivic bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CoreCivic bond over time.
Current vs Lagged Prices
Timeline
CoreCivic Lagged Returns
When evaluating CoreCivic's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CoreCivic bond have on its future price. CoreCivic 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, CoreCivic autocorrelation shows the relationship between CoreCivic bond current value and its past values and can show if there is a momentum factor associated with investing in CoreCivic 475 percent.
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.
CoreCivic financial ratios help investors to determine whether CoreCivic Bond is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in CoreCivic with respect to the benefits of owning CoreCivic security.