Chicago Rivet Machine Stock Market Value
| CVR Stock | USD 18.25 0.26 1.45% |
| Symbol | Chicago |
Chicago Rivet Machine Price To Book Ratio
Is Industrial Machinery & Supplies & 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 Chicago Rivet. If investors know Chicago 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 Chicago Rivet 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 19.729 | Earnings Share (3.75) | Revenue Per Share 31.714 | Quarterly Revenue Growth 0.001 | Return On Assets (0.09) |
The market value of Chicago Rivet Machine is measured differently than its book value, which is the value of Chicago that is recorded on the company's balance sheet. Investors also form their own opinion of Chicago Rivet's value that differs from its market value or its book value, called intrinsic value, which is Chicago Rivet'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 Chicago Rivet's market value can be influenced by many factors that don't directly affect Chicago Rivet'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 Chicago Rivet's value and its price as these two are different measures arrived at by different means. Investors typically determine if Chicago Rivet is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Chicago Rivet'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.
Chicago Rivet '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 Chicago Rivet'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 Chicago Rivet.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Chicago Rivet on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Chicago Rivet Machine or generate 0.0% return on investment in Chicago Rivet over 30 days. Chicago Rivet is related to or competes with AMCON Distributing, Espey Mfg, Servotronics, CompX International, and Eastern. Chicago Rivet Machine Co. operates in the fastener industry in North America More
Chicago Rivet 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 Chicago Rivet'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 Chicago Rivet Machine upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 15.96 | |||
| Value At Risk | (4.81) | |||
| Potential Upside | 5.51 |
Chicago Rivet Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Chicago Rivet's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Chicago Rivet's standard deviation. In reality, there are many statistical measures that can use Chicago Rivet historical prices to predict the future Chicago Rivet's volatility.| Risk Adjusted Performance | 0.0026 | |||
| Jensen Alpha | (0.10) | |||
| Total Risk Alpha | (0.41) | |||
| Treynor Ratio | (0.04) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Chicago Rivet'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.
Chicago Rivet Machine Backtested Returns
Chicago Rivet Machine secures Sharpe Ratio (or Efficiency) of -0.018, which signifies that the company had a -0.018% return per unit of risk over the last 3 months. Chicago Rivet Machine exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Chicago Rivet's Risk Adjusted Performance of 0.0026, mean deviation of 2.04, and Standard Deviation of 2.92 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.72, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Chicago Rivet's returns are expected to increase less than the market. However, during the bear market, the loss of holding Chicago Rivet is expected to be smaller as well. At this point, Chicago Rivet Machine has a negative expected return of -0.0532%. Please make sure to confirm Chicago Rivet's maximum drawdown, as well as the relationship between the accumulation distribution and market facilitation index , to decide if Chicago Rivet Machine performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.8 |
Almost perfect reverse predictability
Chicago Rivet Machine has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Chicago Rivet 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 Chicago Rivet Machine price movement. The serial correlation of -0.8 indicates that around 80.0% of current Chicago Rivet price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.8 | |
| Spearman Rank Test | -0.9 | |
| Residual Average | 0.0 | |
| Price Variance | 1.01 |
Chicago Rivet Machine lagged returns against current returns
Autocorrelation, which is Chicago Rivet 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 Chicago Rivet's stock expected returns. We can calculate the autocorrelation of Chicago Rivet returns to help us make a trade decision. For example, suppose you find that Chicago Rivet 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 |
Chicago Rivet 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 Chicago Rivet stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Chicago Rivet stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Chicago Rivet stock over time.
Current vs Lagged Prices |
| Timeline |
Chicago Rivet Lagged Returns
When evaluating Chicago Rivet's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Chicago Rivet stock have on its future price. Chicago Rivet 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, Chicago Rivet autocorrelation shows the relationship between Chicago Rivet stock current value and its past values and can show if there is a momentum factor associated with investing in Chicago Rivet Machine.
Regressed Prices |
| Timeline |
Pair Trading with Chicago Rivet
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 Chicago Rivet 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 Chicago Rivet will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Chicago Rivet could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Chicago Rivet 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 Chicago Rivet - 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 Chicago Rivet Machine to buy it.
The correlation of Chicago Rivet 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 Chicago Rivet moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Chicago Rivet Machine 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 Chicago Rivet 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 Chicago Stock Analysis
When running Chicago Rivet's price analysis, check to measure Chicago Rivet'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 Chicago Rivet is operating at the current time. Most of Chicago Rivet's value examination focuses on studying past and present price action to predict the probability of Chicago Rivet's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Chicago Rivet's price. Additionally, you may evaluate how the addition of Chicago Rivet to your portfolios can decrease your overall portfolio volatility.