Core Main Stock Price on January 31, 2023
| CNM Stock | USD 45.27 0.70 1.57% |
If you're considering investing in Core Stock, it is important to understand the factors that can impact its price. As of today, the current price of Core Main stands at 45.27, as last reported on the 25th of November, with the highest price reaching 45.73 and the lowest price hitting 44.71 during the day. Core Main secures Sharpe Ratio (or Efficiency) of -0.0478, which signifies that the company had a -0.0478% return per unit of risk over the last 3 months. Core Main exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Core Main's Mean Deviation of 1.94, risk adjusted performance of (0.03), and Standard Deviation of 2.91 to double-check the risk estimate we provide.
At this time, Core Main's Capital Stock is very stable compared to the past year. As of the 25th of November 2024, Stock Based Compensation is likely to grow to about 10.6 M, while Common Stock Shares Outstanding is likely to drop about 220.4 M. . At this time, Core Main's Price Earnings Ratio is very stable compared to the past year. As of the 25th of November 2024, Price To Operating Cash Flows Ratio is likely to grow to 14.56, while Price Book Value Ratio is likely to drop 4.75. Core Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Core |
Sharpe Ratio = -0.0478
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| Negative Returns | CNM |
Estimated Market Risk
| 2.83 actual daily | 25 75% of assets are more volatile |
Expected Return
| -0.14 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.05 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Core Main is not performing at its full potential. However, 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 Core Main by adding Core Main to a well-diversified portfolio.
Price Book 5.3048 | Enterprise Value Ebitda 12.9035 | Price Sales 1.306 | Shares Float 176.9 M | Wall Street Target Price 51.3077 |
Core Main Valuation on January 31, 2023
It is possible to determine the worth of Core Main on a given historical date. On January 31, 2023 Core was worth 21.55 at the beginning of the trading date compared to the closed value of 22.07. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Core Main stock. Still, in general, we apply an absolute valuation method to find Core Main's 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 Core Main where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Core Main's related companies.
| Open | High | Low | Close | Volume | |
| 21.56 | 21.69 | 21.43 | 21.43 | 508,700 | |
01/31/2023 | 21.55 | 22.13 | 21.52 | 22.07 | 776,300 |
| 22.00 | 22.50 | 21.70 | 22.32 | 501,600 |
| Backtest Core Main | | | Core Main History | | | Core Main Valuation | Previous | Next |
Core Main Trading Date Momentum on January 31, 2023
| On February 01 2023 Core Main was traded for 22.32 at the closing time. Highest Core Main's price during the trading hours was 22.50 and the lowest price during the day was 21.70 . The net volume was 501.6 K. The overall trading history on the 1st of February contributed to the next trading period price boost. The overall trading delta to the next next day price was 1.13% . The overall trading delta to current price is 0.32% . |
Core Main Fundamentals Correlations and Trends
By evaluating Core Main's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Core Main's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Core financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Core Main Stock history
Core Main 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 Core is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Core Main 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 Core Main stock prices may prove useful in developing a viable investing in Core Main
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 227.8 M | 220.4 M | |
| Net Income Applicable To Common Shares | 420.9 M | 441.9 M |
Core Main Quarterly Net Working Capital |
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Core Main Stock Technical Analysis
Core Main 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
Core Main Period Price Range
Low | November 25, 2024
| High |
0.00 | 0.00 |
Core Main 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.
Core Main November 25, 2024 Market Strength
Market strength indicators help investors to evaluate how Core Main stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Core Main shares will generate the highest return on investment. By undertsting and applying Core Main stock market strength indicators, traders can identify Core Main entry and exit signals to maximize returns
Core Main Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Core Main's price direction in advance. Along with the technical and fundamental analysis of Core Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Core 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 | (0.03) | |||
| Jensen Alpha | (0.31) | |||
| Total Risk Alpha | (0.61) | |||
| Treynor Ratio | (0.12) |
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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Core Main. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. To learn how to invest in Core Stock, please use our How to Invest in Core Main guide.You can also try the Technical Analysis module to check basic technical indicators and analysis based on most latest market data.
Is Trading Companies & Distributors 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 Core Main. If investors know Core 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 Core Main 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 (0.07) | Earnings Share 2.1 | Revenue Per Share 37.819 | Quarterly Revenue Growth 0.055 | Return On Assets 0.0797 |
The market value of Core Main is measured differently than its book value, which is the value of Core that is recorded on the company's balance sheet. Investors also form their own opinion of Core Main's value that differs from its market value or its book value, called intrinsic value, which is Core Main's 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 Core Main's market value can be influenced by many factors that don't directly affect Core Main's 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 Core Main's value and its price as these two are different measures arrived at by different means. Investors typically determine if Core Main is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Core Main'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.