Charles Colvard Stock Market Value
| CTHR Stock | USD 1.33 0.02 1.53% |
| Symbol | Charles |
Charles Colvard Price To Book Ratio
Is Apparel, Accessories & Luxury Goods 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 Charles Colvard. If investors know Charles 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 Charles Colvard 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) | Earnings Share (6.00) | Revenue Per Share 7.805 | Quarterly Revenue Growth (0.21) | Return On Assets (0.16) |
The market value of Charles Colvard is measured differently than its book value, which is the value of Charles that is recorded on the company's balance sheet. Investors also form their own opinion of Charles Colvard's value that differs from its market value or its book value, called intrinsic value, which is Charles Colvard'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 Charles Colvard's market value can be influenced by many factors that don't directly affect Charles Colvard'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 Charles Colvard's value and its price as these two are different measures arrived at by different means. Investors typically determine if Charles Colvard is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Charles Colvard'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.
Charles Colvard '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 Charles Colvard'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 Charles Colvard.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Charles Colvard on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Charles Colvard or generate 0.0% return on investment in Charles Colvard over 30 days. Charles Colvard is related to or competes with Lanvin Group, MYT Netherlands, Movado, Birks, Signet Jewelers, Envela Corp, and Hermes International. Charles Colvard, Ltd. operates as a fine jewelry company in the United States and internationally More
Charles Colvard 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 Charles Colvard'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 Charles Colvard upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 23.29 | |||
| Value At Risk | (6.77) | |||
| Potential Upside | 7.85 |
Charles Colvard Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Charles Colvard's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Charles Colvard's standard deviation. In reality, there are many statistical measures that can use Charles Colvard historical prices to predict the future Charles Colvard's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.34) | |||
| Total Risk Alpha | (0.75) | |||
| Treynor Ratio | (0.15) |
Charles Colvard Backtested Returns
Charles Colvard secures Sharpe Ratio (or Efficiency) of -0.0405, which signifies that the company had a -0.0405% return per unit of standard deviation over the last 3 months. Charles Colvard exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Charles Colvard's mean deviation of 3.05, and Risk Adjusted Performance of (0.03) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.39, 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, Charles Colvard will likely underperform. At this point, Charles Colvard has a negative expected return of -0.17%. Please make sure to confirm Charles Colvard's rate of daily change, period momentum indicator, as well as the relationship between the potential upside and jensen alpha , to decide if Charles Colvard performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.09 |
Very weak reverse predictability
Charles Colvard has very weak reverse predictability. Overlapping area represents the amount of predictability between Charles Colvard time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 Charles Colvard price movement. The serial correlation of -0.09 indicates that less than 9.0% of current Charles Colvard price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.09 | |
| Spearman Rank Test | -0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Charles Colvard lagged returns against current returns
Autocorrelation, which is Charles Colvard 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 Charles Colvard's stock expected returns. We can calculate the autocorrelation of Charles Colvard returns to help us make a trade decision. For example, suppose you find that Charles Colvard 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 |
Charles Colvard 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 Charles Colvard stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Charles Colvard stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Charles Colvard stock over time.
Current vs Lagged Prices |
| Timeline |
Charles Colvard Lagged Returns
When evaluating Charles Colvard's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Charles Colvard stock have on its future price. Charles Colvard 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, Charles Colvard autocorrelation shows the relationship between Charles Colvard stock current value and its past values and can show if there is a momentum factor associated with investing in Charles Colvard.
Regressed Prices |
| Timeline |
Pair Trading with Charles Colvard
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 Charles Colvard 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 Charles Colvard will appreciate offsetting losses from the drop in the long position's value.Moving against Charles Stock
| 0.78 | DOGZ | Dogness International | PairCorr |
| 0.71 | VSTO | Vista Outdoor | PairCorr |
| 0.63 | AS | Amer Sports, Upward Rally | PairCorr |
| 0.62 | GIL | Gildan Activewear | PairCorr |
| 0.58 | RL | Ralph Lauren Corp | PairCorr |
The ability to find closely correlated positions to Charles Colvard could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Charles Colvard 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 Charles Colvard - 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 Charles Colvard to buy it.
The correlation of Charles Colvard 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 Charles Colvard moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Charles Colvard 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 Charles Colvard 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 Charles Stock Analysis
When running Charles Colvard's price analysis, check to measure Charles Colvard'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 Charles Colvard is operating at the current time. Most of Charles Colvard's value examination focuses on studying past and present price action to predict the probability of Charles Colvard's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Charles Colvard's price. Additionally, you may evaluate how the addition of Charles Colvard to your portfolios can decrease your overall portfolio volatility.