Conifer Holding Stock Market Value
| CNFR Stock | USD 1.19 0.01 0.83% |
| Symbol | Conifer |
Conifer Holding Price To Book Ratio
Is Property & Casualty Insurance 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 Conifer Holding. If investors know Conifer 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 Conifer Holding 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 (0.92) | Earnings Share (2.29) | Revenue Per Share 7.923 | Quarterly Revenue Growth 0.077 | Return On Assets (0.05) |
The market value of Conifer Holding is measured differently than its book value, which is the value of Conifer that is recorded on the company's balance sheet. Investors also form their own opinion of Conifer Holding's value that differs from its market value or its book value, called intrinsic value, which is Conifer Holding'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 Conifer Holding's market value can be influenced by many factors that don't directly affect Conifer Holding'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 Conifer Holding's value and its price as these two are different measures arrived at by different means. Investors typically determine if Conifer Holding is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Conifer Holding'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.
Conifer Holding '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 Conifer Holding'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 Conifer Holding.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in Conifer Holding on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding Conifer Holding or generate 0.0% return on investment in Conifer Holding over 30 days. Conifer Holding is related to or competes with Wilhelmina, Creative Media, Kingstone Companies, and Canterbury Park. Conifer Holdings, Inc., an insurance holding company, engages in the sale of property and casualty insurance products More
Conifer Holding 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 Conifer Holding'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 Conifer Holding upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.2 | |||
| Information Ratio | 0.1058 | |||
| Maximum Drawdown | 82.8 | |||
| Value At Risk | (9.72) | |||
| Potential Upside | 12.37 |
Conifer Holding Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Conifer Holding's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Conifer Holding's standard deviation. In reality, there are many statistical measures that can use Conifer Holding historical prices to predict the future Conifer Holding's volatility.| Risk Adjusted Performance | 0.0999 | |||
| Jensen Alpha | 1.72 | |||
| Total Risk Alpha | (0.43) | |||
| Sortino Ratio | 0.1816 | |||
| Treynor Ratio | (0.32) |
Conifer Holding Backtested Returns
Conifer Holding is out of control given 3 months investment horizon. Conifer Holding secures Sharpe Ratio (or Efficiency) of 0.13, which signifies that the company had a 0.13% return per unit of risk over the last 3 months. We were able to analyze and collect data for thirty different technical indicators, which can help you to evaluate if expected returns of 1.38% are justified by taking the suggested risk. Use Conifer Holding Mean Deviation of 5.34, risk adjusted performance of 0.0999, and Downside Deviation of 6.2 to evaluate company specific risk that cannot be diversified away. Conifer Holding holds a performance score of 10 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of -3.95, which signifies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Conifer Holding are expected to decrease by larger amounts. On the other hand, during market turmoil, Conifer Holding is expected to outperform it. Use Conifer Holding daily balance of power, price action indicator, as well as the relationship between the semi variance and treynor ratio , to analyze future returns on Conifer Holding.
Auto-correlation | -0.09 |
Very weak reverse predictability
Conifer Holding has very weak reverse predictability. Overlapping area represents the amount of predictability between Conifer Holding time series from 24th of October 2024 to 8th of November 2024 and 8th of November 2024 to 23rd 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 Conifer Holding price movement. The serial correlation of -0.09 indicates that less than 9.0% of current Conifer Holding price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.09 | |
| Spearman Rank Test | -0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Conifer Holding lagged returns against current returns
Autocorrelation, which is Conifer Holding 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 Conifer Holding's stock expected returns. We can calculate the autocorrelation of Conifer Holding returns to help us make a trade decision. For example, suppose you find that Conifer Holding 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 |
Conifer Holding 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 Conifer Holding stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Conifer Holding stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Conifer Holding stock over time.
Current vs Lagged Prices |
| Timeline |
Conifer Holding Lagged Returns
When evaluating Conifer Holding's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Conifer Holding stock have on its future price. Conifer Holding 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, Conifer Holding autocorrelation shows the relationship between Conifer Holding stock current value and its past values and can show if there is a momentum factor associated with investing in Conifer Holding.
Regressed Prices |
| Timeline |
Pair Trading with Conifer Holding
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 Conifer Holding 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 Conifer Holding will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Conifer Holding could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Conifer Holding 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 Conifer Holding - 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 Conifer Holding to buy it.
The correlation of Conifer Holding 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 Conifer Holding moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Conifer Holding 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 Conifer Holding 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 Conifer Stock Analysis
When running Conifer Holding's price analysis, check to measure Conifer Holding'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 Conifer Holding is operating at the current time. Most of Conifer Holding's value examination focuses on studying past and present price action to predict the probability of Conifer Holding's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Conifer Holding's price. Additionally, you may evaluate how the addition of Conifer Holding to your portfolios can decrease your overall portfolio volatility.