Corning Incorporated Financials
GLW Stock | EUR 46.60 1.54 3.42% |
Corning |
Understanding current and past Corning Incorporated Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Corning Incorporated's financial statements are interrelated, with each one affecting the others. For example, an increase in Corning Incorporated's assets may result in an increase in income on the income statement.
Corning Incorporated Stock Summary
Corning Incorporated competes with Hon Hai, and Sunny Optical. Corning Incorporated engages in display technologies, optical communications, environmental technologies, specialty materials, and life sciences businesses worldwide. Corning Incorporated was founded in 1851 and is headquartered in Corning, New York. CORNING INC operates under Electronic Components classification in Germany and is traded on Frankfurt Stock Exchange. It employs 51500 people.Foreign Associate | USA |
Instrument | Germany Stock View All |
Exchange | Frankfurt Exchange |
ISIN | US2193501051 |
Business Address | One Riverfront Plaza, |
Sector | Technology |
Industry | Electronic Components |
Benchmark | Dow Jones Industrial |
Website | www.corning.com |
Phone | 607 974 9000 |
Currency | EUR - Euro |
You should never invest in Corning Incorporated without having analyzed its financial statements. Do not rely on someone else's analysis or guesses about the future performance of Corning Stock, because this is throwing your money away. Analyzing the key information contained in Corning Incorporated's financial statements can give you an edge over other investors and help to ensure that your investments perform well for you.
Corning Incorporated Key Financial Ratios
There are many critical financial ratios that Corning Incorporated's investors are exposed to on a daily basis, but they are usually grouped into few meaningful categories from each financial statement that Corning Incorporated reports annually and quarterly.Return On Equity | 0.11 | |||
Return On Asset | 0.0399 | |||
Target Price | 48.45 | |||
Beta | 1.08 | |||
Z Score | 2.4 |
Corning Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Corning Incorporated's current stock value. Our valuation model uses many indicators to compare Corning Incorporated value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Corning Incorporated competition to find correlations between indicators driving Corning Incorporated's intrinsic value. More Info.Corning Incorporated is rated # 2 in return on equity category among its peers. It also is rated # 2 in return on asset category among its peers reporting about 0.36 of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Corning Incorporated is roughly 2.80 . 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 Corning Incorporated's earnings, one of the primary drivers of an investment's value.Corning Incorporated Systematic Risk
Corning Incorporated's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Corning Incorporated volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was twelve with a total number of output elements of fourty-nine. The Beta measures systematic risk based on how returns on Corning Incorporated correlated with the market. If Beta is less than 0 Corning Incorporated generally moves in the opposite direction as compared to the market. If Corning Incorporated Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Corning Incorporated is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Corning Incorporated is generally in the same direction as the market. If Beta > 1 Corning Incorporated moves generally in the same direction as, but more than the movement of the benchmark.
Corning Incorporated November 25, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of Corning Incorporated help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Corning Incorporated. We use our internally-developed statistical techniques to arrive at the intrinsic value of Corning Incorporated based on widely used predictive technical indicators. In general, we focus on analyzing Corning Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Corning Incorporated's daily price indicators and compare them against related drivers.
Downside Deviation | 1.43 | |||
Information Ratio | 0.1304 | |||
Maximum Drawdown | 12.41 | |||
Value At Risk | (1.87) | |||
Potential Upside | 3.42 |
Complementary Tools for Corning Stock analysis
When running Corning Incorporated's price analysis, check to measure Corning Incorporated'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 Corning Incorporated is operating at the current time. Most of Corning Incorporated's value examination focuses on studying past and present price action to predict the probability of Corning Incorporated's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Corning Incorporated's price. Additionally, you may evaluate how the addition of Corning Incorporated to your portfolios can decrease your overall portfolio volatility.
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