Culp Inc Stock Market Value
| CULP Stock | USD 5.09 0.13 2.62% |
| Symbol | Culp |
Culp Inc Price To Book Ratio
Is Textiles, Apparel & 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 Culp. If investors know Culp 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 Culp 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 (0.63) | Earnings Share (1.42) | Revenue Per Share 18.065 | Quarterly Revenue Growth (0) | Return On Assets (0.06) |
The market value of Culp Inc is measured differently than its book value, which is the value of Culp that is recorded on the company's balance sheet. Investors also form their own opinion of Culp's value that differs from its market value or its book value, called intrinsic value, which is Culp'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 Culp's market value can be influenced by many factors that don't directly affect Culp'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 Culp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Culp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Culp'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.
Culp '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 Culp'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 Culp.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Culp on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Culp Inc or generate 0.0% return on investment in Culp over 30 days. Culp is related to or competes with Albany International, Unifi, and Toray Industries. Culp, Inc. manufactures, sources, markets, and sells mattress fabrics, sewn covers, and cut and sewn kits for use in mat... More
Culp 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 Culp'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 Culp Inc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.25 | |||
| Information Ratio | (0) | |||
| Maximum Drawdown | 13.68 | |||
| Value At Risk | (3.24) | |||
| Potential Upside | 3.94 |
Culp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Culp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Culp's standard deviation. In reality, there are many statistical measures that can use Culp historical prices to predict the future Culp's volatility.| Risk Adjusted Performance | 0.0376 | |||
| Jensen Alpha | 0.0242 | |||
| Total Risk Alpha | (0.23) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | 0.1359 |
Culp Inc Backtested Returns
Currently, Culp Inc is slightly risky. Culp Inc secures Sharpe Ratio (or Efficiency) of 0.027, which signifies that the company had a 0.027% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Culp Inc, which you can use to evaluate the volatility of the firm. Please confirm Culp's Mean Deviation of 1.85, risk adjusted performance of 0.0376, and Downside Deviation of 2.25 to double-check if the risk estimate we provide is consistent with the expected return of 0.0677%. Culp has a performance score of 2 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.66, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Culp's returns are expected to increase less than the market. However, during the bear market, the loss of holding Culp is expected to be smaller as well. Culp Inc right now shows a risk of 2.51%. Please confirm Culp Inc downside variance, and the relationship between the sortino ratio and accumulation distribution , to decide if Culp Inc will be following its price patterns.
Auto-correlation | 0.75 |
Good predictability
Culp Inc has good predictability. Overlapping area represents the amount of predictability between Culp 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 Culp Inc price movement. The serial correlation of 0.75 indicates that around 75.0% of current Culp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.75 | |
| Spearman Rank Test | 0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Culp Inc lagged returns against current returns
Autocorrelation, which is Culp 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 Culp's stock expected returns. We can calculate the autocorrelation of Culp returns to help us make a trade decision. For example, suppose you find that Culp 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 |
Culp 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 Culp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Culp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Culp stock over time.
Current vs Lagged Prices |
| Timeline |
Culp Lagged Returns
When evaluating Culp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Culp stock have on its future price. Culp 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, Culp autocorrelation shows the relationship between Culp stock current value and its past values and can show if there is a momentum factor associated with investing in Culp Inc.
Regressed Prices |
| Timeline |
Pair Trading with Culp
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 Culp 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 Culp will appreciate offsetting losses from the drop in the long position's value.Moving against Culp Stock
| 0.46 | VMAR | Vision Marine Techno Fiscal Year End 25th of November 2024 | PairCorr |
The ability to find closely correlated positions to Culp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Culp 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 Culp - 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 Culp Inc to buy it.
The correlation of Culp 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 Culp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Culp 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 Culp 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 Culp Stock Analysis
When running Culp's price analysis, check to measure Culp'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 Culp is operating at the current time. Most of Culp's value examination focuses on studying past and present price action to predict the probability of Culp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Culp's price. Additionally, you may evaluate how the addition of Culp to your portfolios can decrease your overall portfolio volatility.