Cno Financial Group Stock Market Value
| CNO Stock | USD 39.91 0.53 1.35% |
| Symbol | CNO |
CNO Financial Group Price To Book Ratio
Is Life & Health 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 CNO Financial. If investors know CNO 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 CNO Financial 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 (0.94) | Dividend Share 0.62 | Earnings Share 2.5 | Revenue Per Share 41.744 | Quarterly Revenue Growth 0.192 |
The market value of CNO Financial Group is measured differently than its book value, which is the value of CNO that is recorded on the company's balance sheet. Investors also form their own opinion of CNO Financial's value that differs from its market value or its book value, called intrinsic value, which is CNO Financial'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 CNO Financial's market value can be influenced by many factors that don't directly affect CNO Financial'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 CNO Financial's value and its price as these two are different measures arrived at by different means. Investors typically determine if CNO Financial is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CNO Financial'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.
CNO Financial '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 CNO Financial'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 CNO Financial.
| 12/03/2022 |
| 11/22/2024 |
If you would invest 0.00 in CNO Financial on December 3, 2022 and sell it all today you would earn a total of 0.00 from holding CNO Financial Group or generate 0.0% return on investment in CNO Financial over 720 days. CNO Financial is related to or competes with MetLife Preferred, FG Annuities, Prudential Public, MetLife Preferred, Jackson Financial, MetLife Preferred, and Brighthouse Financial. CNO Financial Group, Inc., through its subsidiaries, develops, markets, and administers health insurance, annuity, indiv... More
CNO Financial 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 CNO Financial'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 CNO Financial Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.37 | |||
| Information Ratio | 0.1026 | |||
| Maximum Drawdown | 13.72 | |||
| Value At Risk | (2.33) | |||
| Potential Upside | 3.01 |
CNO Financial Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CNO Financial's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CNO Financial's standard deviation. In reality, there are many statistical measures that can use CNO Financial historical prices to predict the future CNO Financial's volatility.| Risk Adjusted Performance | 0.1266 | |||
| Jensen Alpha | 0.111 | |||
| Total Risk Alpha | 0.0444 | |||
| Sortino Ratio | 0.148 | |||
| Treynor Ratio | 0.157 |
CNO Financial Group Backtested Returns
CNO Financial appears to be very steady, given 3 months investment horizon. CNO Financial Group secures Sharpe Ratio (or Efficiency) of 0.14, which signifies that the company had a 0.14% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for CNO Financial Group, which you can use to evaluate the volatility of the firm. Please makes use of CNO Financial's risk adjusted performance of 0.1266, and Mean Deviation of 1.32 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, CNO Financial holds a performance score of 11. The firm shows a Beta (market volatility) of 1.93, 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, CNO Financial will likely underperform. Please check CNO Financial's semi variance, and the relationship between the treynor ratio and daily balance of power , to make a quick decision on whether CNO Financial's price patterns will revert.
Auto-correlation | 0.46 |
Average predictability
CNO Financial Group has average predictability. Overlapping area represents the amount of predictability between CNO Financial time series from 3rd of December 2022 to 28th of November 2023 and 28th of November 2023 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 CNO Financial Group price movement. The serial correlation of 0.46 indicates that about 46.0% of current CNO Financial price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.46 | |
| Spearman Rank Test | 0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 14.82 |
CNO Financial Group lagged returns against current returns
Autocorrelation, which is CNO Financial 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 CNO Financial's stock expected returns. We can calculate the autocorrelation of CNO Financial returns to help us make a trade decision. For example, suppose you find that CNO Financial 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 |
CNO Financial 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 CNO Financial stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CNO Financial stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CNO Financial stock over time.
Current vs Lagged Prices |
| Timeline |
CNO Financial Lagged Returns
When evaluating CNO Financial's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CNO Financial stock have on its future price. CNO Financial 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, CNO Financial autocorrelation shows the relationship between CNO Financial stock current value and its past values and can show if there is a momentum factor associated with investing in CNO Financial Group.
Regressed Prices |
| Timeline |
Pair Trading with CNO Financial
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 CNO Financial 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 CNO Financial will appreciate offsetting losses from the drop in the long position's value.Moving together with CNO Stock
Moving against CNO Stock
| 0.68 | ABL | Abacus Life | PairCorr |
| 0.49 | FLFG | Federal Life Group | PairCorr |
| 0.45 | MET-PE | MetLife Preferred Stock | PairCorr |
| 0.34 | MET-PF | MetLife Preferred Stock | PairCorr |
The ability to find closely correlated positions to CNO Financial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CNO Financial 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 CNO Financial - 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 CNO Financial Group to buy it.
The correlation of CNO Financial 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 CNO Financial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CNO Financial Group 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 CNO Financial 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.Check out CNO Financial Correlation, CNO Financial Volatility and CNO Financial Alpha and Beta module to complement your research on CNO Financial. You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
CNO Financial 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.