Cencora Stock Market Value
| COR Stock | USD 244.23 0.79 0.32% |
| Symbol | Cencora |
Cencora Price To Book Ratio
Is Health Care Providers & Services 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 Cencora. If investors know Cencora 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 Cencora 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 (0.99) | Dividend Share 2.04 | Earnings Share 7.52 | Revenue Per Share 1.5 K | Quarterly Revenue Growth 0.147 |
The market value of Cencora is measured differently than its book value, which is the value of Cencora that is recorded on the company's balance sheet. Investors also form their own opinion of Cencora's value that differs from its market value or its book value, called intrinsic value, which is Cencora'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 Cencora's market value can be influenced by many factors that don't directly affect Cencora'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 Cencora's value and its price as these two are different measures arrived at by different means. Investors typically determine if Cencora is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cencora'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.
Cencora '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 Cencora'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 Cencora.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Cencora on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Cencora or generate 0.0% return on investment in Cencora over 30 days. Cencora is related to or competes with Vita Coco, RadNet, Thai Beverage, Compania Cervecerias, Merit Medical, National Beverage, and Solstad Offshore. CoreSite Realty Corporation delivers secure, reliable, high-performance data center, cloud access and interconnection so... More
Cencora 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 Cencora'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 Cencora upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.22 | |||
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 7.5 | |||
| Value At Risk | (2.58) | |||
| Potential Upside | 1.73 |
Cencora Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cencora's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cencora's standard deviation. In reality, there are many statistical measures that can use Cencora historical prices to predict the future Cencora's volatility.| Risk Adjusted Performance | 0.0274 | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.17) | |||
| Sortino Ratio | (0.08) | |||
| Treynor Ratio | 0.0474 |
Cencora Backtested Returns
Currently, Cencora is very steady. Cencora secures Sharpe Ratio (or Efficiency) of 0.0493, which signifies that the company had a 0.0493% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Cencora, which you can use to evaluate the volatility of the firm. Please confirm Cencora's Risk Adjusted Performance of 0.0274, mean deviation of 0.8817, and Downside Deviation of 1.22 to double-check if the risk estimate we provide is consistent with the expected return of 0.0629%. Cencora has a performance score of 3 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.61, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Cencora's returns are expected to increase less than the market. However, during the bear market, the loss of holding Cencora is expected to be smaller as well. Cencora right now shows a risk of 1.28%. Please confirm Cencora semi variance, and the relationship between the treynor ratio and daily balance of power , to decide if Cencora will be following its price patterns.
Auto-correlation | -0.1 |
Very weak reverse predictability
Cencora has very weak reverse predictability. Overlapping area represents the amount of predictability between Cencora time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 Cencora price movement. The serial correlation of -0.1 indicates that less than 10.0% of current Cencora price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.1 | |
| Spearman Rank Test | -0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 8.48 |
Cencora lagged returns against current returns
Autocorrelation, which is Cencora 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 Cencora's stock expected returns. We can calculate the autocorrelation of Cencora returns to help us make a trade decision. For example, suppose you find that Cencora 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 |
Cencora 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 Cencora stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cencora stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cencora stock over time.
Current vs Lagged Prices |
| Timeline |
Cencora Lagged Returns
When evaluating Cencora's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cencora stock have on its future price. Cencora 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, Cencora autocorrelation shows the relationship between Cencora stock current value and its past values and can show if there is a momentum factor associated with investing in Cencora.
Regressed Prices |
| Timeline |
Pair Trading with Cencora
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 Cencora 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 Cencora will appreciate offsetting losses from the drop in the long position's value.Moving together with Cencora Stock
Moving against Cencora Stock
| 0.68 | DRIO | DarioHealth Corp | PairCorr |
| 0.48 | EKSO | Ekso Bionics Holdings | PairCorr |
| 0.41 | VERO | Venus Concept | PairCorr |
The ability to find closely correlated positions to Cencora could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cencora 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 Cencora - 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 Cencora to buy it.
The correlation of Cencora 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 Cencora moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cencora 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 Cencora 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 Cencora Stock Analysis
When running Cencora's price analysis, check to measure Cencora'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 Cencora is operating at the current time. Most of Cencora's value examination focuses on studying past and present price action to predict the probability of Cencora's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cencora's price. Additionally, you may evaluate how the addition of Cencora to your portfolios can decrease your overall portfolio volatility.