Core Scientific, Common Stock Market Value
| CORZ Stock | USD 17.71 0.59 3.45% |
| Symbol | Core |
Core Scientific, Common Price To Book Ratio
Is Internet Services & Infrastructure 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 Core Scientific,. If investors know Core 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 Core Scientific, listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (3.49) | Revenue Per Share 1.947 | Quarterly Revenue Growth 0.112 | Return On Assets 0.052 |
The market value of Core Scientific, Common is measured differently than its book value, which is the value of Core that is recorded on the company's balance sheet. Investors also form their own opinion of Core Scientific,'s value that differs from its market value or its book value, called intrinsic value, which is Core Scientific,'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 Core Scientific,'s market value can be influenced by many factors that don't directly affect Core Scientific,'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 Core Scientific,'s value and its price as these two are different measures arrived at by different means. Investors typically determine if Core Scientific, is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Core Scientific,'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.
Core Scientific, '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 Core Scientific,'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 Core Scientific,.
| 12/09/2022 |
| 11/28/2024 |
If you would invest 0.00 in Core Scientific, on December 9, 2022 and sell it all today you would earn a total of 0.00 from holding Core Scientific, Common or generate 0.0% return on investment in Core Scientific, over 720 days. Core Scientific, is related to or competes with SentinelOne, BlackBerry, Global Blue, Aurora Mobile, Marqeta, Nextnav Acquisition, and Zscaler. Core Scientific, Inc. operates facilities for digital asset mining and colocation services in North America More
Core Scientific, 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 Core Scientific,'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 Core Scientific, Common upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.71 | |||
| Information Ratio | 0.1513 | |||
| Maximum Drawdown | 20.32 | |||
| Value At Risk | (5.45) | |||
| Potential Upside | 7.6 |
Core Scientific, Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Core Scientific,'s investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Core Scientific,'s standard deviation. In reality, there are many statistical measures that can use Core Scientific, historical prices to predict the future Core Scientific,'s volatility.| Risk Adjusted Performance | 0.147 | |||
| Jensen Alpha | 0.4615 | |||
| Total Risk Alpha | 0.0938 | |||
| Sortino Ratio | 0.1761 | |||
| Treynor Ratio | 0.2987 |
Core Scientific, Common Backtested Returns
Core Scientific, appears to be moderately volatile, given 3 months investment horizon. Core Scientific, Common secures Sharpe Ratio (or Efficiency) of 0.22, which signifies that the company had a 0.22% return per unit of risk over the last 3 months. By analyzing Core Scientific,'s technical indicators, you can evaluate if the expected return of 0.95% is justified by implied risk. Please makes use of Core Scientific,'s Downside Deviation of 3.71, risk adjusted performance of 0.147, and Mean Deviation of 3.3 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Core Scientific, holds a performance score of 17. The firm shows a Beta (market volatility) of 2.59, 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, Core Scientific, will likely underperform. Please check Core Scientific,'s value at risk, as well as the relationship between the kurtosis and market facilitation index , to make a quick decision on whether Core Scientific,'s price patterns will revert.
Auto-correlation | -0.24 |
Weak reverse predictability
Core Scientific, Common has weak reverse predictability. Overlapping area represents the amount of predictability between Core Scientific, time series from 9th of December 2022 to 4th of December 2023 and 4th of December 2023 to 28th 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 Core Scientific, Common price movement. The serial correlation of -0.24 indicates that over 24.0% of current Core Scientific, price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.24 | |
| Spearman Rank Test | -0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 0.09 |
Core Scientific, Common lagged returns against current returns
Autocorrelation, which is Core Scientific, 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 Core Scientific,'s stock expected returns. We can calculate the autocorrelation of Core Scientific, returns to help us make a trade decision. For example, suppose you find that Core Scientific, 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 |
Core Scientific, 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 Core Scientific, stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Core Scientific, stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Core Scientific, stock over time.
Current vs Lagged Prices |
| Timeline |
Core Scientific, Lagged Returns
When evaluating Core Scientific,'s market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Core Scientific, stock have on its future price. Core Scientific, 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, Core Scientific, autocorrelation shows the relationship between Core Scientific, stock current value and its past values and can show if there is a momentum factor associated with investing in Core Scientific, Common.
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 Core Stock Analysis
When running Core Scientific,'s price analysis, check to measure Core Scientific,'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 Core Scientific, is operating at the current time. Most of Core Scientific,'s value examination focuses on studying past and present price action to predict the probability of Core Scientific,'s future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Core Scientific,'s price. Additionally, you may evaluate how the addition of Core Scientific, to your portfolios can decrease your overall portfolio volatility.