Calumet Specialty Products Stock Market Value
| CLMT Stock | USD 22.40 0.24 1.08% |
| Symbol | Calumet |
Calumet Specialty Price To Book Ratio
Is Oil & Gas Refining & Marketing 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 Calumet Specialty. If investors know Calumet 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 Calumet Specialty 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 5.617 | Earnings Share (2.82) | Revenue Per Share 51.634 | Quarterly Revenue Growth (0.04) | Return On Assets 0.0167 |
The market value of Calumet Specialty is measured differently than its book value, which is the value of Calumet that is recorded on the company's balance sheet. Investors also form their own opinion of Calumet Specialty's value that differs from its market value or its book value, called intrinsic value, which is Calumet Specialty'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 Calumet Specialty's market value can be influenced by many factors that don't directly affect Calumet Specialty'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 Calumet Specialty's value and its price as these two are different measures arrived at by different means. Investors typically determine if Calumet Specialty is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Calumet Specialty'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.
Calumet Specialty '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 Calumet Specialty'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 Calumet Specialty.
| 12/08/2022 |
| 11/27/2024 |
If you would invest 0.00 in Calumet Specialty on December 8, 2022 and sell it all today you would earn a total of 0.00 from holding Calumet Specialty Products or generate 0.0% return on investment in Calumet Specialty over 720 days. Calumet Specialty is related to or competes with Battalion Oil, Granite Ridge, GeoPark, Crescent Energy, PrimeEnergy, Epsilon Energy, and PHX Minerals. Calumet Specialty Products Partners, L.P More
Calumet Specialty 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 Calumet Specialty'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 Calumet Specialty Products upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.13 | |||
| Information Ratio | 0.0266 | |||
| Maximum Drawdown | 18.94 | |||
| Value At Risk | (8.23) | |||
| Potential Upside | 7.47 |
Calumet Specialty Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Calumet Specialty's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Calumet Specialty's standard deviation. In reality, there are many statistical measures that can use Calumet Specialty historical prices to predict the future Calumet Specialty's volatility.| Risk Adjusted Performance | 0.0535 | |||
| Jensen Alpha | 0.2189 | |||
| Total Risk Alpha | (0.38) | |||
| Sortino Ratio | 0.0251 | |||
| Treynor Ratio | 7.39 |
Calumet Specialty Backtested Returns
Calumet Specialty appears to be not too volatile, given 3 months investment horizon. Calumet Specialty secures Sharpe Ratio (or Efficiency) of 0.11, which signifies that the company had a 0.11% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Calumet Specialty Products, which you can use to evaluate the volatility of the firm. Please makes use of Calumet Specialty's Risk Adjusted Performance of 0.0535, mean deviation of 2.77, and Downside Deviation of 4.13 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Calumet Specialty holds a performance score of 8. The firm shows a Beta (market volatility) of 0.0301, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Calumet Specialty's returns are expected to increase less than the market. However, during the bear market, the loss of holding Calumet Specialty is expected to be smaller as well. Please check Calumet Specialty's downside variance, and the relationship between the sortino ratio and accumulation distribution , to make a quick decision on whether Calumet Specialty's price patterns will revert.
Auto-correlation | -0.15 |
Insignificant reverse predictability
Calumet Specialty Products has insignificant reverse predictability. Overlapping area represents the amount of predictability between Calumet Specialty time series from 8th of December 2022 to 3rd of December 2023 and 3rd of December 2023 to 27th 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 Calumet Specialty price movement. The serial correlation of -0.15 indicates that less than 15.0% of current Calumet Specialty price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.15 | |
| Spearman Rank Test | -0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 5.18 |
Calumet Specialty lagged returns against current returns
Autocorrelation, which is Calumet Specialty 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 Calumet Specialty's stock expected returns. We can calculate the autocorrelation of Calumet Specialty returns to help us make a trade decision. For example, suppose you find that Calumet Specialty 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 |
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Calumet Specialty 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 Calumet Specialty stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Calumet Specialty stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Calumet Specialty stock over time.
Current vs Lagged Prices |
| Timeline |
Calumet Specialty Lagged Returns
When evaluating Calumet Specialty's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Calumet Specialty stock have on its future price. Calumet Specialty 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, Calumet Specialty autocorrelation shows the relationship between Calumet Specialty stock current value and its past values and can show if there is a momentum factor associated with investing in Calumet Specialty Products.
Regressed Prices |
| Timeline |
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Additional Tools for Calumet Stock Analysis
When running Calumet Specialty's price analysis, check to measure Calumet Specialty'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 Calumet Specialty is operating at the current time. Most of Calumet Specialty's value examination focuses on studying past and present price action to predict the probability of Calumet Specialty's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Calumet Specialty's price. Additionally, you may evaluate how the addition of Calumet Specialty to your portfolios can decrease your overall portfolio volatility.