Chemours Co Stock Market Value
| CC Stock | USD 21.53 0.73 3.51% |
| Symbol | Chemours |
Chemours Price To Book Ratio
Is Diversified Chemicals 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 Chemours. If investors know Chemours 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 Chemours 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 (0.65) | Dividend Share 1 | Earnings Share 0.5 | Revenue Per Share 38.519 | Quarterly Revenue Growth 0.009 |
The market value of Chemours is measured differently than its book value, which is the value of Chemours that is recorded on the company's balance sheet. Investors also form their own opinion of Chemours' value that differs from its market value or its book value, called intrinsic value, which is Chemours' 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 Chemours' market value can be influenced by many factors that don't directly affect Chemours' 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 Chemours' value and its price as these two are different measures arrived at by different means. Investors typically determine if Chemours is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Chemours' 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.
Chemours 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Chemours' stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Chemours.
| 11/28/2023 |
| 11/22/2024 |
If you would invest 0.00 in Chemours on November 28, 2023 and sell it all today you would earn a total of 0.00 from holding Chemours Co or generate 0.0% return on investment in Chemours over 360 days. Chemours is related to or competes with International Flavors, Air Products, PPG Industries, Linde Plc, LyondellBasell Industries, Cabot, and Westlake Chemical. The Chemours Company provides performance chemicals in North America, the Asia Pacific, Europe, the Middle East, Africa,... More
Chemours Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Chemours' stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Chemours Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.39 | |||
| Information Ratio | 0.037 | |||
| Maximum Drawdown | 18.86 | |||
| Value At Risk | (3.97) | |||
| Potential Upside | 5.13 |
Chemours Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Chemours' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Chemours' standard deviation. In reality, there are many statistical measures that can use Chemours historical prices to predict the future Chemours' volatility.| Risk Adjusted Performance | 0.0604 | |||
| Jensen Alpha | 0.0656 | |||
| Total Risk Alpha | (0.22) | |||
| Sortino Ratio | 0.0531 | |||
| Treynor Ratio | 0.1401 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Chemours' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Chemours Backtested Returns
At this point, Chemours is somewhat reliable. Chemours secures Sharpe Ratio (or Efficiency) of 0.0513, which signifies that the company had a 0.0513% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Chemours Co, which you can use to evaluate the volatility of the firm. Please confirm Chemours' mean deviation of 2.31, and Risk Adjusted Performance of 0.0604 to double-check if the risk estimate we provide is consistent with the expected return of 0.18%. Chemours has a performance score of 4 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 1.62, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Chemours will likely underperform. Chemours right now shows a risk of 3.41%. Please confirm Chemours jensen alpha, maximum drawdown, and the relationship between the coefficient of variation and sortino ratio , to decide if Chemours will be following its price patterns.
Auto-correlation | 0.46 |
Average predictability
Chemours Co has average predictability. Overlapping area represents the amount of predictability between Chemours time series from 28th of November 2023 to 26th of May 2024 and 26th of May 2024 to 22nd of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Chemours price movement. The serial correlation of 0.46 indicates that about 46.0% of current Chemours price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.46 | |
| Spearman Rank Test | 0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 5.51 |
Chemours lagged returns against current returns
Autocorrelation, which is Chemours stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Chemours' stock expected returns. We can calculate the autocorrelation of Chemours returns to help us make a trade decision. For example, suppose you find that Chemours has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Chemours regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Chemours stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Chemours stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Chemours stock over time.
Current vs Lagged Prices |
| Timeline |
Chemours Lagged Returns
When evaluating Chemours' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Chemours stock have on its future price. Chemours autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Chemours autocorrelation shows the relationship between Chemours stock current value and its past values and can show if there is a momentum factor associated with investing in Chemours Co.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Check out Chemours Correlation, Chemours Volatility and Chemours Alpha and Beta module to complement your research on Chemours. You can also try the Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.
Chemours 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.