Corning Incorporated Stock Beta

GLW Stock

USD 47.84 0.49 1.03%

Corning Incorporated fundamentals help investors to digest information that contributes to Corning Incorporated's financial success or failures. It also enables traders to predict the movement of Corning Stock. The fundamental analysis module provides a way to measure Corning Incorporated'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 Corning Incorporated stock.

Short Long Term Debt Total Total Assets

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Corning Incorporated Company Beta Analysis

Corning Incorporated's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.

Beta

Covariance

Variance

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Current Corning Incorporated Beta

1.03

Most of Corning Incorporated's fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Corning Incorporated is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Corning Beta Driver Correlations

Understanding the fundamental principles of building solid financial models for Corning Incorporated is extremely important. It helps to project a fair market value of Corning Stock properly, considering its historical fundamentals such as Beta. Since Corning Incorporated's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Corning Incorporated's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Corning Incorporated's interrelated accounts and indicators.

	Total Assets	Total Stockholder Equity	Net Debt	Retained Earnings	Net Receivables	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Accounts Payable	Good Will	Common Stock	Long Term Debt	Treasury Stock	Property Plant Equipment	Current Deferred Revenue	Net Tangible Assets	Long Term Debt Total	Capital Surpluse	Long Term Investments	Short Long Term Debt	Cash And Equivalents	Net Invested Capital	Net Working Capital	Capital Stock
Total Assets		0.73	0.01	0.67	0.8	0.47	0.91	0.07	0.55	0.68	0.16	-0.82	0.24	-0.36	0.75	-0.52	-0.05	0.42	0.23	-0.23	0.11	-0.18	-0.2	-0.12	-0.07
Total Stockholder Equity	0.73		-0.61	0.18	0.24	-0.17	0.92	-0.13	0.26	0.07	-0.54	-0.92	-0.47	0.31	0.13	0.05	0.63	-0.29	-0.34	0.34	-0.13	0.48	-0.29	0.48	0.38
Net Debt	0.01	-0.61		0.56	0.43	0.86	-0.33	0.37	0.34	0.56	0.86	0.49	0.85	-0.83	0.58	-0.74	-0.92	0.87	0.79	-0.7	0.29	-0.96	0.47	-0.93	-0.7
Retained Earnings	0.67	0.18	0.56		0.82	0.87	0.48	0.45	0.56	0.79	0.59	-0.28	0.54	-0.85	0.85	-0.75	-0.57	0.72	0.56	-0.78	0.45	-0.62	0.23	-0.57	-0.4
Net Receivables	0.8	0.24	0.43	0.82		0.76	0.57	0.11	0.6	0.85	0.63	-0.47	0.67	-0.77	0.91	-0.73	-0.51	0.77	0.41	-0.65	0.22	-0.56	-0.15	-0.42	-0.19
Total Liab	0.47	-0.17	0.86	0.87	0.76		0.16	0.41	0.53	0.78	0.81	0.06	0.79	-0.93	0.83	-0.85	-0.8	0.91	0.76	-0.79	0.36	-0.89	0.42	-0.85	-0.64
Total Current Assets	0.91	0.92	-0.33	0.48	0.57	0.16		-0.01	0.4	0.4	-0.19	-0.91	-0.14	-0.05	0.47	-0.2	0.31	0.06	-0.06	0.0	0.09	0.18	-0.23	0.22	0.17
Short Term Debt	0.07	-0.13	0.37	0.45	0.11	0.41	-0.01		-0.02	0.18	0.36	0.2	0.16	-0.4	0.3	0.0	-0.43	0.26	0.46	-0.47	0.71	-0.25	0.51	-0.27	-0.41
Intangible Assets	0.55	0.26	0.34	0.56	0.6	0.53	0.4	-0.02		0.4	0.31	-0.33	0.4	-0.42	0.44	-0.62	-0.18	0.52	0.22	-0.14	-0.02	-0.39	0.02	-0.33	-0.13
Accounts Payable	0.68	0.07	0.56	0.79	0.85	0.78	0.4	0.18	0.4		0.67	-0.27	0.69	-0.81	0.91	-0.77	-0.66	0.79	0.63	-0.69	0.34	-0.71	-0.05	-0.63	-0.48
Good Will	0.16	-0.54	0.86	0.59	0.63	0.81	-0.19	0.36	0.31	0.67		0.35	0.93	-0.89	0.72	-0.65	-0.95	0.9	0.77	-0.81	0.41	-0.87	0.23	-0.8	-0.63
Common Stock	-0.82	-0.92	0.49	-0.28	-0.47	0.06	-0.91	0.2	-0.33	-0.27	0.35		0.22	-0.12	-0.32	0.11	-0.46	0.07	0.32	-0.19	0.12	-0.34	0.52	-0.43	-0.46
Long Term Debt	0.24	-0.47	0.85	0.54	0.67	0.79	-0.14	0.16	0.4	0.69	0.93	0.22		-0.84	0.74	-0.75	-0.89	0.96	0.69	-0.7	0.21	-0.87	0.08	-0.75	-0.48
Treasury Stock	-0.36	0.31	-0.83	-0.85	-0.77	-0.93	-0.05	-0.4	-0.42	-0.81	-0.89	-0.12	-0.84		-0.82	0.78	0.89	-0.9	-0.7	0.92	-0.45	0.86	-0.23	0.78	0.53
Property Plant Equipment	0.75	0.13	0.58	0.85	0.91	0.83	0.47	0.3	0.44	0.91	0.72	-0.32	0.74	-0.82		-0.77	-0.67	0.86	0.7	-0.72	0.38	-0.7	-0.01	-0.59	-0.44
Current Deferred Revenue	-0.52	0.05	-0.74	-0.75	-0.73	-0.85	-0.2	0.0	-0.62	-0.77	-0.65	0.11	-0.75	0.78	-0.77		0.64	-0.86	-0.59	0.58	0.01	0.84	-0.07	0.78	0.44
Net Tangible Assets	-0.05	0.63	-0.92	-0.57	-0.51	-0.8	0.31	-0.43	-0.18	-0.66	-0.95	-0.46	-0.89	0.89	-0.67	0.64		-0.86	-0.81	0.83	-0.4	0.9	-0.3	0.85	0.69
Long Term Debt Total	0.42	-0.29	0.87	0.72	0.77	0.91	0.06	0.26	0.52	0.79	0.9	0.07	0.96	-0.9	0.86	-0.86	-0.86		0.75	-0.74	0.28	-0.91	0.17	-0.79	-0.53
Capital Surpluse	0.23	-0.34	0.79	0.56	0.41	0.76	-0.06	0.46	0.22	0.63	0.77	0.32	0.69	-0.7	0.7	-0.59	-0.81	0.75		-0.6	0.51	-0.84	0.46	-0.85	-0.89
Long Term Investments	-0.23	0.34	-0.7	-0.78	-0.65	-0.79	0.0	-0.47	-0.14	-0.69	-0.81	-0.19	-0.7	0.92	-0.72	0.58	0.83	-0.74	-0.6		-0.51	0.71	-0.21	0.63	0.43
Short Long Term Debt	0.11	-0.13	0.29	0.45	0.22	0.36	0.09	0.71	-0.02	0.34	0.41	0.12	0.21	-0.45	0.38	0.01	-0.4	0.28	0.51	-0.51		-0.26	0.31	-0.2	-0.36
Cash And Equivalents	-0.18	0.48	-0.96	-0.62	-0.56	-0.89	0.18	-0.25	-0.39	-0.71	-0.87	-0.34	-0.87	0.86	-0.7	0.84	0.9	-0.91	-0.84	0.71	-0.26		-0.33	0.96	0.72
Net Invested Capital	-0.2	-0.29	0.47	0.23	-0.15	0.42	-0.23	0.51	0.02	-0.05	0.23	0.52	0.08	-0.23	-0.01	-0.07	-0.3	0.17	0.46	-0.21	0.31	-0.33		-0.47	-0.64
Net Working Capital	-0.12	0.48	-0.93	-0.57	-0.42	-0.85	0.22	-0.27	-0.33	-0.63	-0.8	-0.43	-0.75	0.78	-0.59	0.78	0.85	-0.79	-0.85	0.63	-0.2	0.96	-0.47		0.85
Capital Stock	-0.07	0.38	-0.7	-0.4	-0.19	-0.64	0.17	-0.41	-0.13	-0.48	-0.63	-0.46	-0.48	0.53	-0.44	0.44	0.69	-0.53	-0.89	0.43	-0.36	0.72	-0.64	0.85

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In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.

Competition

Predict Corning Incorporated

In accordance with the recently published financial statements, Corning Incorporated has a Beta of 1.029. This is 2.92% lower than that of the Electronic Equipment, Instruments & Components sector and 46.41% lower than that of the Information Technology industry. The beta for all United States stocks is notably lower than that of the firm.

Corning Beta Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Corning Incorporated's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Corning Incorporated could also be used in its relative valuation, which is a method of valuing Corning Incorporated by comparing valuation metrics of similar companies.

Corning Incorporated is currently under evaluation in beta category among its peers.

Corning Incorporated ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Corning Incorporated's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Corning Incorporated's managers, analysts, and investors.

Environmental

Governance

Social

Corning Incorporated Institutional Holders

Institutional Holdings refers to the ownership stake in Corning Incorporated that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Corning Incorporated's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Corning Incorporated's value.

		Shares
Goldman Sachs Group Inc	2024-06-30	13.3 M
Northern Trust Corp	2024-09-30	10.7 M
Norges Bank	2024-06-30	10.1 M
Dimensional Fund Advisors, Inc.	2024-09-30	9.7 M
Primecap Management Company	2024-09-30	8.6 M
Amvescap Plc.	2024-06-30	7.9 M
Fidelity International Ltd	2024-06-30	7.3 M
Bank Of New York Mellon Corp	2024-06-30	7.1 M
Legal & General Group Plc	2024-06-30	6.4 M
Vanguard Group Inc	2024-09-30	99 M
Blackrock Inc	2024-06-30	62.2 M

Corning Incorporated returns are very sensitive to returns on the market. As the market goes up or down, Corning Incorporated is expected to follow.

Corning Fundamentals

	Return On Equity	0.0193
	Return On Asset	0.0275
	Profit Margin	0.01 %
	Operating Margin	0.11 %
	Current Valuation	47.27 B
	Shares Outstanding	856.21 M
	Shares Owned By Insiders	9.30 %
	Shares Owned By Institutions	72.53 %
	Number Of Shares Shorted	10.02 M
	Price To Earning	15.78 X
	Price To Book	3.65 X
	Price To Sales	3.25 X
	Revenue	12.59 B
	Gross Profit	4.84 B
	EBITDA	890 M
	Net Income	648 M
	Cash And Equivalents	1.67 B
	Cash Per Share	1.93 X
	Total Debt	8.48 B
	Debt To Equity	0.65 %
	Current Ratio	1.51 X
	Book Value Per Share	13.64 X
	Cash Flow From Operations	2 B
	Short Ratio	2.10 X
	Earnings Per Share	0.19 X
	Price To Earnings To Growth	0.61 X
	Target Price	52.28
	Number Of Employees	49.8 K
	Beta	1.03
	Market Capitalization	40.96 B
	Total Asset	28.5 B
	Retained Earnings	16.39 B
	Working Capital	2.89 B
	Current Asset	8.27 B
	Current Liabilities	2.81 B
	Annual Yield	0.02 %
	Five Year Return	2.57 %
	Net Asset	28.5 B
	Last Dividend Paid	1.12

About Corning Incorporated Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Corning Incorporated's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Corning Incorporated using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Corning Incorporated 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.

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Additional 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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