Churchill Downs Stock Forecast - Total Risk Alpha
| CHDN Stock | USD 140.22 0.52 0.37% |
Churchill Stock Forecast is based on your current time horizon. Although Churchill Downs' naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Churchill Downs' systematic risk associated with finding meaningful patterns of Churchill Downs fundamentals over time.
Churchill |
| Check Churchill Downs Volatility | Backtest Churchill Downs | Trend Details |
Churchill Downs Trading Date Momentum
| On November 25 2024 Churchill Downs Incorporated was traded for 141.83 at the closing time. The top price for the day was 143.63 and the lowest listed price was 141.65 . The trading volume for the day was 393.1 K. The trading history from November 25, 2024 was a factor to the next trading day price decrease. The overall trading delta against the next closing price was 0.03% . The overall trading delta against the current closing price is 1.45% . |
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Other Forecasting Options for Churchill Downs
For every potential investor in Churchill, whether a beginner or expert, Churchill Downs' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Churchill Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Churchill. Basic forecasting techniques help filter out the noise by identifying Churchill Downs' price trends.Churchill Downs Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Churchill Downs stock to make a market-neutral strategy. Peer analysis of Churchill Downs could also be used in its relative valuation, which is a method of valuing Churchill Downs by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Churchill Downs Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Churchill Downs' price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Churchill Downs' current price.| Cycle Indicators | ||
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| Volume Indicators |
Churchill Downs Market Strength Events
Market strength indicators help investors to evaluate how Churchill Downs stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Churchill Downs shares will generate the highest return on investment. By undertsting and applying Churchill Downs stock market strength indicators, traders can identify Churchill Downs Incorporated entry and exit signals to maximize returns.
Churchill Downs Risk Indicators
The analysis of Churchill Downs' basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Churchill Downs' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting churchill stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 0.9966 | |||
| Semi Deviation | 1.19 | |||
| Standard Deviation | 1.56 | |||
| Variance | 2.42 | |||
| Downside Variance | 1.5 | |||
| Semi Variance | 1.42 | |||
| Expected Short fall | (1.14) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Pair Trading with Churchill Downs
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 Churchill Downs 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 Churchill Downs will appreciate offsetting losses from the drop in the long position's value.Moving against Churchill Stock
| 0.68 | NKE | Nike Inc Aggressive Push | PairCorr |
| 0.5 | PPERY | Bank Mandiri Persero | PairCorr |
| 0.49 | TLK | Telkom Indonesia Tbk | PairCorr |
| 0.48 | BKRKY | Bank Rakyat | PairCorr |
| 0.45 | BKRKF | PT Bank Rakyat | PairCorr |
The ability to find closely correlated positions to Churchill Downs could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Churchill Downs 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 Churchill Downs - 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 Churchill Downs Incorporated to buy it.
The correlation of Churchill Downs 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 Churchill Downs moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Churchill Downs 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 Churchill Downs 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 Historical Fundamental Analysis of Churchill Downs to cross-verify your projections. You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
Is Hotels, Restaurants & Leisure space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Churchill Downs. If investors know Churchill will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Churchill Downs listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.089 | Dividend Share 0.382 | Earnings Share 5.55 | Revenue Per Share 35.989 | Quarterly Revenue Growth 0.098 |
The market value of Churchill Downs is measured differently than its book value, which is the value of Churchill that is recorded on the company's balance sheet. Investors also form their own opinion of Churchill Downs' value that differs from its market value or its book value, called intrinsic value, which is Churchill Downs' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Churchill Downs' market value can be influenced by many factors that don't directly affect Churchill Downs' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Churchill Downs' value and its price as these two are different measures arrived at by different means. Investors typically determine if Churchill Downs is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Churchill Downs' 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.