Cepton Inc Stock Market Value
| CPTN Stock | USD 3.12 0.01 0.32% |
| Symbol | Cepton |
Cepton Inc Price To Book Ratio
Is Electronic Equipment, Instruments & Components 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 Cepton. If investors know Cepton 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 Cepton listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.63) | Revenue Per Share 1.121 | Quarterly Revenue Growth (0.86) | Return On Assets (0.27) | Return On Equity (0.45) |
The market value of Cepton Inc is measured differently than its book value, which is the value of Cepton that is recorded on the company's balance sheet. Investors also form their own opinion of Cepton's value that differs from its market value or its book value, called intrinsic value, which is Cepton'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 Cepton's market value can be influenced by many factors that don't directly affect Cepton'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 Cepton's value and its price as these two are different measures arrived at by different means. Investors typically determine if Cepton is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cepton'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.
Cepton '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 Cepton'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 Cepton.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Cepton on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Cepton Inc or generate 0.0% return on investment in Cepton over 30 days. Cepton is related to or competes with Know Labs, Genasys, Sono Tek, ESCO Technologies, Mesa Laboratories, Novanta, and Itron. Cepton, Inc. provides lidar-based solutions for automotive, smart cities, smart spaces, and smart industrial application... More
Cepton 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 Cepton'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 Cepton Inc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5314 | |||
| Information Ratio | (0.25) | |||
| Maximum Drawdown | 2.6 | |||
| Value At Risk | (0.66) | |||
| Potential Upside | 0.9615 |
Cepton Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cepton's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cepton's standard deviation. In reality, there are many statistical measures that can use Cepton historical prices to predict the future Cepton's volatility.| Risk Adjusted Performance | 0.0039 | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | (0.23) | |||
| Treynor Ratio | 0.4064 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Cepton's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Cepton Inc Backtested Returns
As of now, Cepton Stock is very steady. Cepton Inc secures Sharpe Ratio (or Efficiency) of 0.1, which signifies that the company had a 0.1% return per unit of risk over the last 3 months. We have found thirty technical indicators for Cepton Inc, which you can use to evaluate the volatility of the firm. Please confirm Cepton's Risk Adjusted Performance of 0.0039, mean deviation of 0.3493, and Downside Deviation of 0.5314 to double-check if the risk estimate we provide is consistent with the expected return of 0.0476%. Cepton has a performance score of 7 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.0097, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Cepton are expected to decrease at a much lower rate. During the bear market, Cepton is likely to outperform the market. Cepton Inc right now shows a risk of 0.47%. Please confirm Cepton Inc semi variance, and the relationship between the treynor ratio and daily balance of power , to decide if Cepton Inc will be following its price patterns.
Auto-correlation | 0.57 |
Modest predictability
Cepton Inc has modest predictability. Overlapping area represents the amount of predictability between Cepton 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 Cepton Inc price movement. The serial correlation of 0.57 indicates that roughly 57.0% of current Cepton price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.57 | |
| Spearman Rank Test | 0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Cepton Inc lagged returns against current returns
Autocorrelation, which is Cepton 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 Cepton's stock expected returns. We can calculate the autocorrelation of Cepton returns to help us make a trade decision. For example, suppose you find that Cepton 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 |
Cepton 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 Cepton stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cepton stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cepton stock over time.
Current vs Lagged Prices |
| Timeline |
Cepton Lagged Returns
When evaluating Cepton's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cepton stock have on its future price. Cepton 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, Cepton autocorrelation shows the relationship between Cepton stock current value and its past values and can show if there is a momentum factor associated with investing in Cepton Inc.
Regressed Prices |
| Timeline |
Pair Trading with Cepton
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 Cepton 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 Cepton will appreciate offsetting losses from the drop in the long position's value.Moving together with Cepton Stock
Moving against Cepton Stock
| 0.72 | KNW | Know Labs Fiscal Year End 17th of December 2024 | PairCorr |
| 0.68 | WATT | Energous | PairCorr |
| 0.51 | FCUV | Focus Universal | PairCorr |
| 0.46 | SVREW | SaverOne 2014 | PairCorr |
| 0.43 | VPG | Vishay Precision | PairCorr |
The ability to find closely correlated positions to Cepton could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cepton 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 Cepton - 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 Cepton Inc to buy it.
The correlation of Cepton 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 Cepton moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cepton Inc 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 Cepton 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 Cepton Correlation, Cepton Volatility and Cepton Alpha and Beta module to complement your research on Cepton. You can also try the Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.
Cepton 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.