Carpenter Technology Stock Market Value
| CRS Stock | USD 190.97 10.26 5.68% |
| Symbol | Carpenter |
Carpenter Technology Price To Book Ratio
Is Metals & Mining 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 Carpenter Technology. If investors know Carpenter 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 Carpenter Technology 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 0.898 | Dividend Share 0.8 | Earnings Share 4.49 | Revenue Per Share 56.593 | Quarterly Revenue Growth 0.101 |
The market value of Carpenter Technology is measured differently than its book value, which is the value of Carpenter that is recorded on the company's balance sheet. Investors also form their own opinion of Carpenter Technology's value that differs from its market value or its book value, called intrinsic value, which is Carpenter Technology'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 Carpenter Technology's market value can be influenced by many factors that don't directly affect Carpenter Technology'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 Carpenter Technology's value and its price as these two are different measures arrived at by different means. Investors typically determine if Carpenter Technology is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Carpenter Technology'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.
Carpenter Technology '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 Carpenter Technology'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 Carpenter Technology.
| 05/05/2023 |
| 11/25/2024 |
If you would invest 0.00 in Carpenter Technology on May 5, 2023 and sell it all today you would earn a total of 0.00 from holding Carpenter Technology or generate 0.0% return on investment in Carpenter Technology over 570 days. Carpenter Technology is related to or competes with Haynes International, Worthington Industries, Ryerson Holding, Mueller Industries, Allegheny Technologies, ESAB Corp, and Northwest Pipe. Carpenter Technology Corporation engages in the manufacture, fabrication, and distribution of specialty metals in the Un... More
Carpenter Technology 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 Carpenter Technology'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 Carpenter Technology upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.59 | |||
| Information Ratio | 0.1294 | |||
| Maximum Drawdown | 13.31 | |||
| Value At Risk | (2.91) | |||
| Potential Upside | 5.44 |
Carpenter Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Carpenter Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Carpenter Technology's standard deviation. In reality, there are many statistical measures that can use Carpenter Technology historical prices to predict the future Carpenter Technology's volatility.| Risk Adjusted Performance | 0.1426 | |||
| Jensen Alpha | 0.1842 | |||
| Total Risk Alpha | 0.0427 | |||
| Sortino Ratio | 0.1389 | |||
| Treynor Ratio | 0.1959 |
Carpenter Technology Backtested Returns
Carpenter Technology appears to be very steady, given 3 months investment horizon. Carpenter Technology secures Sharpe Ratio (or Efficiency) of 0.17, which signifies that the company had a 0.17% return per unit of risk over the last 3 months. We have found thirty technical indicators for Carpenter Technology, which you can use to evaluate the volatility of the firm. Please makes use of Carpenter Technology's Downside Deviation of 2.59, risk adjusted performance of 0.1426, and Mean Deviation of 1.96 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Carpenter Technology holds a performance score of 13. The firm shows a Beta (market volatility) of 2.45, 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, Carpenter Technology will likely underperform. Please check Carpenter Technology's expected short fall, and the relationship between the maximum drawdown and rate of daily change , to make a quick decision on whether Carpenter Technology's price patterns will revert.
Auto-correlation | 0.78 |
Good predictability
Carpenter Technology has good predictability. Overlapping area represents the amount of predictability between Carpenter Technology time series from 5th of May 2023 to 14th of February 2024 and 14th of February 2024 to 25th 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 Carpenter Technology price movement. The serial correlation of 0.78 indicates that around 78.0% of current Carpenter Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.78 | |
| Spearman Rank Test | 0.76 | |
| Residual Average | 0.0 | |
| Price Variance | 1254.37 |
Carpenter Technology lagged returns against current returns
Autocorrelation, which is Carpenter Technology 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 Carpenter Technology's stock expected returns. We can calculate the autocorrelation of Carpenter Technology returns to help us make a trade decision. For example, suppose you find that Carpenter Technology 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 |
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Carpenter Technology 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 Carpenter Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Carpenter Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Carpenter Technology stock over time.
Current vs Lagged Prices |
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Carpenter Technology Lagged Returns
When evaluating Carpenter Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Carpenter Technology stock have on its future price. Carpenter Technology 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, Carpenter Technology autocorrelation shows the relationship between Carpenter Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Carpenter Technology.
Regressed Prices |
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Thematic Opportunities
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Additional Tools for Carpenter Stock Analysis
When running Carpenter Technology's price analysis, check to measure Carpenter Technology'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 Carpenter Technology is operating at the current time. Most of Carpenter Technology's value examination focuses on studying past and present price action to predict the probability of Carpenter Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Carpenter Technology's price. Additionally, you may evaluate how the addition of Carpenter Technology to your portfolios can decrease your overall portfolio volatility.