CCON Financial Statements From 2010 to 2026
CCON's financial statements offer valuable quarterly and annual insights to potential investors, highlighting the company's current and historical financial position, overall management performance, and changes in financial standing over time. Key fundamentals influencing CCON's valuation are provided below:CCON does not right now have any fundamental signals for analysis.
Check CCON financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among CCON's main balance sheet or income statement drivers, such as , as well as many indicators such as . CCON financial statements analysis is a perfect complement when working with CCON Valuation or Volatility modules.
This module can also supplement various CCON Technical models . Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. CCON ETF Price To Earning Analysis
CCON's Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.
Current CCON Price To Earning | (147.06) X |
Most of CCON's fundamental indicators, such as Price To Earning, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, CCON is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Generally speaking, the Price to Earnings ratio gives investors an idea of what the market is willing to pay for the company's current earnings.
CompetitionBased on the latest financial disclosure, CCON has a Price To Earning of -147.06 times. This is 2618.15% lower than that of the Direxion Funds family and significantly lower than that of the Technology category. The price to earning for all United States etfs is notably higher than that of the company.
CCON Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining CCON's current stock value. Our valuation model uses many indicators to compare CCON value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across CCON competition to find correlations between indicators driving CCON's intrinsic value. More Info.CCON is the top ETF in price to earning as compared to similar ETFs. It also is the top ETF in price to book as compared to similar ETFs . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the CCON's earnings, one of the primary drivers of an investment's value.Pair Trading with CCON
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if CCON position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in CCON will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Progressive Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Progressive Corp when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Progressive Corp - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Progressive Corp to buy it.
The correlation of Progressive Corp is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Progressive Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Progressive Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Progressive Corp can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. You can also try the Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.
Other Tools for CCON Etf
When running CCON's price analysis, check to measure CCON's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy CCON is operating at the current time. Most of CCON's value examination focuses on studying past and present price action to predict the probability of CCON's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CCON's price. Additionally, you may evaluate how the addition of CCON to your portfolios can decrease your overall portfolio volatility.
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