Churchill Capital Corp Stock Market Value
| CCIX Stock | 10.33 0.03 0.29% |
| Symbol | Churchill |
Churchill Capital Corp Company Valuation
Is Trading 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 Churchill Capital. If investors know Churchill 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 Churchill Capital listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Churchill Capital Corp is measured differently than its book value, which is the value of Churchill that is recorded on the company's balance sheet. Investors also form their own opinion of Churchill Capital's value that differs from its market value or its book value, called intrinsic value, which is Churchill Capital'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 Churchill Capital's market value can be influenced by many factors that don't directly affect Churchill Capital'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 Churchill Capital's value and its price as these two are different measures arrived at by different means. Investors typically determine if Churchill Capital is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Churchill Capital'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.
Churchill Capital '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 Churchill Capital's 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 Churchill Capital.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Churchill Capital on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Churchill Capital Corp or generate 0.0% return on investment in Churchill Capital over 30 days. Churchill Capital is related to or competes with Brunswick, Ryman Hospitality, Sonos, Biglari Holdings, Boyd Gaming, and Academy Sports. Coleman Cable, Inc. designs, develops, manufactures, and supplies electrical wire and cable solutions for consumer, commercial, and industrial applications in the United States, Honduras, and Canada. More
Churchill Capital 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 Churchill Capital's 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 Churchill Capital Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.1504 | |||
| Information Ratio | (0.47) | |||
| Maximum Drawdown | 0.7862 | |||
| Value At Risk | (0.19) | |||
| Potential Upside | 0.2994 |
Churchill Capital Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Churchill Capital's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Churchill Capital's standard deviation. In reality, there are many statistical measures that can use Churchill Capital historical prices to predict the future Churchill Capital's volatility.| Risk Adjusted Performance | 0.1409 | |||
| Jensen Alpha | 0.023 | |||
| Total Risk Alpha | 0.0026 | |||
| Sortino Ratio | (0.59) | |||
| Treynor Ratio | 0.4322 |
Churchill Capital Corp Backtested Returns
At this stage we consider Churchill Stock to be very steady. Churchill Capital Corp secures Sharpe Ratio (or Efficiency) of 0.26, which signifies that the company had a 0.26% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Churchill Capital Corp, which you can use to evaluate the volatility of the firm. Please confirm Churchill Capital's Risk Adjusted Performance of 0.1409, coefficient of variation of 444.76, and Mean Deviation of 0.1061 to double-check if the risk estimate we provide is consistent with the expected return of 0.0501%. Churchill Capital has a performance score of 20 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.0739, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Churchill Capital's returns are expected to increase less than the market. However, during the bear market, the loss of holding Churchill Capital is expected to be smaller as well. Churchill Capital Corp right now shows a risk of 0.19%. Please confirm Churchill Capital Corp potential upside, as well as the relationship between the kurtosis and day typical price , to decide if Churchill Capital Corp will be following its price patterns.
Auto-correlation | 0.70 |
Good predictability
Churchill Capital Corp has good predictability. Overlapping area represents the amount of predictability between Churchill Capital time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 Churchill Capital Corp price movement. The serial correlation of 0.7 indicates that around 70.0% of current Churchill Capital price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.7 | |
| Spearman Rank Test | 0.72 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Churchill Capital Corp lagged returns against current returns
Autocorrelation, which is Churchill Capital 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 Churchill Capital's stock expected returns. We can calculate the autocorrelation of Churchill Capital returns to help us make a trade decision. For example, suppose you find that Churchill Capital 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 |
Churchill Capital 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 Churchill Capital stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Churchill Capital stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Churchill Capital stock over time.
Current vs Lagged Prices |
| Timeline |
Churchill Capital Lagged Returns
When evaluating Churchill Capital's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Churchill Capital stock have on its future price. Churchill Capital 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, Churchill Capital autocorrelation shows the relationship between Churchill Capital stock current value and its past values and can show if there is a momentum factor associated with investing in Churchill Capital Corp.
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.Additional Tools for Churchill Stock Analysis
When running Churchill Capital's price analysis, check to measure Churchill Capital'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 Churchill Capital is operating at the current time. Most of Churchill Capital's value examination focuses on studying past and present price action to predict the probability of Churchill Capital's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Churchill Capital's price. Additionally, you may evaluate how the addition of Churchill Capital to your portfolios can decrease your overall portfolio volatility.