Cummins Stock Price on December 31, 2022
| CMI Stock | USD 375.27 2.65 0.71% |
Below is the normalized historical share price chart for Cummins extending back to November 05, 1984. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Cummins stands at 375.27, as last reported on the 26th of November, with the highest price reaching 377.64 and the lowest price hitting 373.89 during the day.
If you're considering investing in Cummins Stock, it is important to understand the factors that can impact its price. Cummins appears to be very steady, given 3 months investment horizon. Cummins secures Sharpe Ratio (or Efficiency) of 0.21, which signifies that the company had a 0.21% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Cummins, which you can use to evaluate the volatility of the firm. Please makes use of Cummins' Downside Deviation of 0.958, mean deviation of 1.09, and Risk Adjusted Performance of 0.1627 to double-check if our risk estimates are consistent with your expectations.
As of now, Cummins' Common Stock is increasing as compared to previous years. The Cummins' current Stock Based Compensation is estimated to increase to about 83 M, while Other Stockholder Equity is forecasted to increase to (7 B). . As of now, Cummins' Price Fair Value is increasing as compared to previous years. Cummins Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 18th of December 1984 | 200 Day MA 297.7881 | 50 Day MA 335.7852 | Beta 0.971 |
Cummins |
Sharpe Ratio = 0.2131
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Estimated Market Risk
| 1.62 actual daily | 14 86% of assets are more volatile |
Expected Return
| 0.34 actual daily | 6 94% of assets have higher returns |
Risk-Adjusted Return
| 0.21 actual daily | 16 84% of assets perform better |
Based on monthly moving average Cummins is performing at about 16% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Cummins by adding it to a well-diversified portfolio.
Price Book 4.9556 | Enterprise Value Ebitda 12.8273 | Price Sales 1.4947 | Shares Float 136.4 M | Dividend Share 6.86 |
Cummins Valuation on December 31, 2022
It is possible to determine the worth of Cummins on a given historical date. On December 31, 2022 Cummins was worth 228.63 at the beginning of the trading date compared to the closed value of 230.12. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Cummins stock. Still, in general, we apply an absolute valuation method to find Cummins' value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Cummins where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Cummins' related companies.
| Open | High | Low | Close | Volume | |
| 230.62 | 231.23 | 227.14 | 229.59 | 681,144 | |
12/30/2022 | 228.63 | 230.22 | 227.33 | 230.12 | 480,397 |
| 230.93 | 231.38 | 226.87 | 228.94 | 609,879 |
| Backtest Cummins | | | Cummins History | | | Cummins Valuation | Previous | Next |
Cummins Trading Date Momentum on December 31, 2022
| On January 03 2023 Cummins was traded for 228.94 at the closing time. Highest Cummins's price during the trading hours was 231.38 and the lowest price during the day was 226.87 . The net volume was 609.9 K. The overall trading history on the 3rd of January contributed to the next trading period price depreciation. The overall trading delta to the next next day price was 0.51% . The overall trading delta to current price is 0.56% . |
Cummins Fundamentals Correlations and Trends
By evaluating Cummins' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Cummins' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Cummins financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Cummins Stock history
Cummins investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Cummins is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Cummins will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Cummins stock prices may prove useful in developing a viable investing in Cummins
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 142.7 M | 170 M | |
| Net Income Applicable To Common Shares | 2.5 B | 1.3 B |
Cummins Quarterly Net Working Capital |
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Cummins Stock Technical Analysis
Cummins 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.
Price Boundaries
Cummins Period Price Range
Low | November 26, 2024
| High |
0.00 | 0.00 |
Cummins cannot be verified against its exchange. Please verify the symbol is currently traded on New York Stock Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Cummins November 26, 2024 Market Strength
Market strength indicators help investors to evaluate how Cummins stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Cummins shares will generate the highest return on investment. By undertsting and applying Cummins stock market strength indicators, traders can identify Cummins entry and exit signals to maximize returns
Cummins Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Cummins' price direction in advance. Along with the technical and fundamental analysis of Cummins Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Cummins to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.1627 | |||
| Jensen Alpha | 0.1867 | |||
| Total Risk Alpha | 0.0665 | |||
| Sortino Ratio | 0.2065 | |||
| Treynor Ratio | 0.2918 |
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| Volume Indicators |
Complementary Tools for Cummins Stock analysis
When running Cummins' price analysis, check to measure Cummins' 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 Cummins is operating at the current time. Most of Cummins' value examination focuses on studying past and present price action to predict the probability of Cummins' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cummins' price. Additionally, you may evaluate how the addition of Cummins to your portfolios can decrease your overall portfolio volatility.
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