Charles Colvard Stock Target Price
| CTHR Stock | USD 1.31 0.02 1.50% |
Charles Colvard fundamentals help investors to digest information that contributes to Charles Colvard's financial success or failures. It also enables traders to predict the movement of Charles Stock. The fundamental analysis module provides a way to measure Charles Colvard's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Charles Colvard stock.
Charles | Target Price |
Charles Target Price Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Charles Colvard's direct or indirect competition against its Target Price to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Charles Colvard could also be used in its relative valuation, which is a method of valuing Charles Colvard by comparing valuation metrics of similar companies.Charles Colvard is currently under evaluation in target price category among its peers.
Charles Fundamentals
| Return On Equity | -0.46 | ||||
| Return On Asset | -0.16 | ||||
| Profit Margin | (0.77) % | ||||
| Operating Margin | (0.70) % | ||||
| Current Valuation | 3.15 M | ||||
| Shares Outstanding | 3.08 M | ||||
| Shares Owned By Insiders | 36.19 % | ||||
| Shares Owned By Institutions | 7.25 % | ||||
| Number Of Shares Shorted | 49.43 K | ||||
| Price To Earning | 12.66 X | ||||
| Price To Book | 0.13 X | ||||
| Price To Sales | 0.17 X | ||||
| Revenue | 29.95 M | ||||
| Gross Profit | 10.74 M | ||||
| EBITDA | (13.03 M) | ||||
| Net Income | (19.58 M) | ||||
| Cash And Equivalents | 15.67 M | ||||
| Cash Per Share | 0.51 X | ||||
| Total Debt | 2.93 M | ||||
| Debt To Equity | 0.06 % | ||||
| Current Ratio | 5.27 X | ||||
| Book Value Per Share | 10.19 X | ||||
| Cash Flow From Operations | (3.88 M) | ||||
| Short Ratio | 3.68 X | ||||
| Earnings Per Share | (6.00) X | ||||
| Target Price | 1.1 | ||||
| Number Of Employees | 48 | ||||
| Beta | 1.47 | ||||
| Market Capitalization | 4.02 M | ||||
| Total Asset | 48.88 M | ||||
| Retained Earnings | (43.18 M) | ||||
| Working Capital | 17.51 M | ||||
| Current Asset | 20.65 M | ||||
| Current Liabilities | 4.62 M | ||||
| Net Asset | 48.88 M |
About Charles Colvard Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Charles Colvard's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Charles Colvard using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Charles Colvard based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Charles Colvard
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 Charles Colvard 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 Charles Colvard will appreciate offsetting losses from the drop in the long position's value.Moving against Charles Stock
| 0.81 | DOGZ | Dogness International Downward Rally | PairCorr |
| 0.75 | VSTO | Vista Outdoor | PairCorr |
| 0.66 | AS | Amer Sports, | PairCorr |
| 0.66 | GIL | Gildan Activewear | PairCorr |
| 0.62 | RL | Ralph Lauren Corp | PairCorr |
The ability to find closely correlated positions to Charles Colvard could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Charles Colvard 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 Charles Colvard - 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 Charles Colvard to buy it.
The correlation of Charles Colvard 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 Charles Colvard moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Charles Colvard 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 Charles Colvard 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.Additional Tools for Charles Stock Analysis
When running Charles Colvard's price analysis, check to measure Charles Colvard'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 Charles Colvard is operating at the current time. Most of Charles Colvard's value examination focuses on studying past and present price action to predict the probability of Charles Colvard's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Charles Colvard's price. Additionally, you may evaluate how the addition of Charles Colvard to your portfolios can decrease your overall portfolio volatility.