Cnx Resources Corp Stock Market Value
| CNX Stock | USD 27.51 0.31 1.11% |
| Symbol | CNX |
CNX Resources Corp Price To Book Ratio
Is Oil & Gas Exploration & Production 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 CNX Resources. If investors know CNX 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 CNX Resources 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 2.125 | Earnings Share 3.07 | Revenue Per Share | Quarterly Revenue Growth 0.107 | Return On Assets |
The market value of CNX Resources Corp is measured differently than its book value, which is the value of CNX that is recorded on the company's balance sheet. Investors also form their own opinion of CNX Resources' value that differs from its market value or its book value, called intrinsic value, which is CNX Resources' 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 CNX Resources' market value can be influenced by many factors that don't directly affect CNX Resources' 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 CNX Resources' value and its price as these two are different measures arrived at by different means. Investors typically determine if CNX Resources is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CNX Resources' 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.
CNX Resources '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 CNX Resources' 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 CNX Resources.
| 01/01/2025 |
| 01/31/2025 |
If you would invest 0.00 in CNX Resources on January 1, 2025 and sell it all today you would earn a total of 0.00 from holding CNX Resources Corp or generate 0.0% return on investment in CNX Resources over 30 days. CNX Resources is related to or competes with Epsilon Energy, Gulfport Energy, GeoPark, MV Oil, San Juan, VOC Energy, and Comstock Resources. CNX Resources Corporation, an independent natural gas and midstream company, acquires, explores for, develops, and produ... More
CNX Resources 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 CNX Resources' 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 CNX Resources Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.21) | |||
| Maximum Drawdown | 16.17 | |||
| Value At Risk | (3.97) | |||
| Potential Upside | 2.57 |
CNX Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CNX Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CNX Resources' standard deviation. In reality, there are many statistical measures that can use CNX Resources historical prices to predict the future CNX Resources' volatility.| Risk Adjusted Performance | (0.13) | |||
| Jensen Alpha | (0.46) | |||
| Total Risk Alpha | (0.71) | |||
| Treynor Ratio | (1.58) |
CNX Resources Corp Backtested Returns
CNX Resources Corp secures Sharpe Ratio (or Efficiency) of -0.14, which signifies that the company had a -0.14 % return per unit of volatility over the last 3 months. CNX Resources Corp exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm CNX Resources' risk adjusted performance of (0.13), and Mean Deviation of 1.78 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.27, which signifies not very significant fluctuations relative to the market. As returns on the market increase, CNX Resources' returns are expected to increase less than the market. However, during the bear market, the loss of holding CNX Resources is expected to be smaller as well. At this point, CNX Resources Corp has a negative expected return of -0.36%. Please make sure to confirm CNX Resources' treynor ratio and daily balance of power , to decide if CNX Resources Corp performance from the past will be repeated at future time.
Auto-correlation | 0.69 |
Good predictability
CNX Resources Corp has good predictability. Overlapping area represents the amount of predictability between CNX Resources time series from 1st of January 2025 to 16th of January 2025 and 16th of January 2025 to 31st of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of CNX Resources Corp price movement. The serial correlation of 0.69 indicates that around 69.0% of current CNX Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.69 | |
| Spearman Rank Test | 0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 1.08 |
CNX Resources Corp lagged returns against current returns
Autocorrelation, which is CNX Resources 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 CNX Resources' stock expected returns. We can calculate the autocorrelation of CNX Resources returns to help us make a trade decision. For example, suppose you find that CNX Resources 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 |
CNX Resources 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 CNX Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CNX Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CNX Resources stock over time.
Current vs Lagged Prices |
| Timeline |
CNX Resources Lagged Returns
When evaluating CNX Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CNX Resources stock have on its future price. CNX Resources 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, CNX Resources autocorrelation shows the relationship between CNX Resources stock current value and its past values and can show if there is a momentum factor associated with investing in CNX Resources Corp.
Regressed Prices |
| Timeline |
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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 CNX Stock Analysis
When running CNX Resources' price analysis, check to measure CNX Resources' 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 CNX Resources is operating at the current time. Most of CNX Resources' value examination focuses on studying past and present price action to predict the probability of CNX Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CNX Resources' price. Additionally, you may evaluate how the addition of CNX Resources to your portfolios can decrease your overall portfolio volatility.