Caesarstone Stock Market Value
| CSTE Stock | USD 4.22 0.08 1.93% |
| Symbol | Caesarstone |
Caesarstone Price To Book Ratio
Is Building Products 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 Caesarstone. If investors know Caesarstone 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 Caesarstone 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 5.869 | Earnings Share (2.00) | Revenue Per Share 14.73 | Quarterly Revenue Growth (0.17) | Return On Assets (0.02) |
The market value of Caesarstone is measured differently than its book value, which is the value of Caesarstone that is recorded on the company's balance sheet. Investors also form their own opinion of Caesarstone's value that differs from its market value or its book value, called intrinsic value, which is Caesarstone'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 Caesarstone's market value can be influenced by many factors that don't directly affect Caesarstone'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 Caesarstone's value and its price as these two are different measures arrived at by different means. Investors typically determine if Caesarstone is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Caesarstone'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.
Caesarstone '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 Caesarstone'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 Caesarstone.
| 07/05/2023 |
| 11/26/2024 |
If you would invest 0.00 in Caesarstone on July 5, 2023 and sell it all today you would earn a total of 0.00 from holding Caesarstone or generate 0.0% return on investment in Caesarstone over 510 days. Caesarstone is related to or competes with Trex, Travis Perkins, Janus International, Interface, Aspen Aerogels, and AAON. Caesarstone Ltd., together with its subsidiaries, develops, manufactures, and markets engineered quartz and other surfac... More
Caesarstone 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 Caesarstone'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 Caesarstone upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.1) | |||
| Maximum Drawdown | 19.91 | |||
| Value At Risk | (4.61) | |||
| Potential Upside | 4.02 |
Caesarstone Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Caesarstone's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Caesarstone's standard deviation. In reality, there are many statistical measures that can use Caesarstone historical prices to predict the future Caesarstone's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.42) | |||
| Total Risk Alpha | (0.67) | |||
| Treynor Ratio | (0.1) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Caesarstone'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.
Caesarstone Backtested Returns
Caesarstone secures Sharpe Ratio (or Efficiency) of -0.0657, which signifies that the company had a -0.0657% return per unit of standard deviation over the last 3 months. Caesarstone exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Caesarstone's mean deviation of 2.29, and Risk Adjusted Performance of (0.04) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.97, 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, Caesarstone will likely underperform. At this point, Caesarstone has a negative expected return of -0.2%. Please make sure to confirm Caesarstone's value at risk, and the relationship between the jensen alpha and accumulation distribution , to decide if Caesarstone performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.03 |
Virtually no predictability
Caesarstone has virtually no predictability. Overlapping area represents the amount of predictability between Caesarstone time series from 5th of July 2023 to 16th of March 2024 and 16th of March 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 Caesarstone price movement. The serial correlation of 0.03 indicates that only 3.0% of current Caesarstone price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.03 | |
| Spearman Rank Test | 0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 0.59 |
Caesarstone lagged returns against current returns
Autocorrelation, which is Caesarstone 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 Caesarstone's stock expected returns. We can calculate the autocorrelation of Caesarstone returns to help us make a trade decision. For example, suppose you find that Caesarstone 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 |
Caesarstone 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 Caesarstone stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Caesarstone stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Caesarstone stock over time.
Current vs Lagged Prices |
| Timeline |
Caesarstone Lagged Returns
When evaluating Caesarstone's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Caesarstone stock have on its future price. Caesarstone 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, Caesarstone autocorrelation shows the relationship between Caesarstone stock current value and its past values and can show if there is a momentum factor associated with investing in Caesarstone.
Regressed Prices |
| Timeline |
Also Currently Popular
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.When determining whether Caesarstone is a strong investment it is important to analyze Caesarstone's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Caesarstone's future performance. For an informed investment choice regarding Caesarstone Stock, refer to the following important reports:Check out Caesarstone Correlation, Caesarstone Volatility and Caesarstone Alpha and Beta module to complement your research on Caesarstone. For information on how to trade Caesarstone Stock refer to our How to Trade Caesarstone Stock guide.You can also try the Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.
Caesarstone 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.