Shoe Carnival Stock Market Value
| SCVL Stock | USD 33.90 0.05 0.15% |
| Symbol | Shoe |
Shoe Carnival Price To Book Ratio
Is Specialty Retail 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 Shoe Carnival. If investors know Shoe 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 Shoe Carnival 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 0.155 | Earnings Share 2.72 | Revenue Per Share 45.392 | Quarterly Revenue Growth 0.129 | Return On Assets 0.0587 |
The market value of Shoe Carnival is measured differently than its book value, which is the value of Shoe that is recorded on the company's balance sheet. Investors also form their own opinion of Shoe Carnival's value that differs from its market value or its book value, called intrinsic value, which is Shoe Carnival'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 Shoe Carnival's market value can be influenced by many factors that don't directly affect Shoe Carnival'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 Shoe Carnival's value and its price as these two are different measures arrived at by different means. Investors typically determine if Shoe Carnival is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Shoe Carnival'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.
Shoe Carnival '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 Shoe Carnival'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 Shoe Carnival.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Shoe Carnival on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Shoe Carnival or generate 0.0% return on investment in Shoe Carnival over 30 days. Shoe Carnival is related to or competes with Citi Trends, Zumiez, Buckle, Cato, Genesco, Burlington Stores, and Childrens Place. Shoe Carnival, Inc., together with its subsidiaries, operates as a family footwear retailer in the United States More
Shoe Carnival 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 Shoe Carnival'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 Shoe Carnival upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 16.24 | |||
| Value At Risk | (5.85) | |||
| Potential Upside | 5.16 |
Shoe Carnival Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shoe Carnival's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shoe Carnival's standard deviation. In reality, there are many statistical measures that can use Shoe Carnival historical prices to predict the future Shoe Carnival's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.55) | |||
| Total Risk Alpha | (0.75) | |||
| Treynor Ratio | (0.15) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Shoe Carnival'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.
Shoe Carnival Backtested Returns
Shoe Carnival owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.12, which indicates the firm had a -0.12% return per unit of risk over the last 3 months. Shoe Carnival exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Shoe Carnival's Variance of 8.08, risk adjusted performance of (0.07), and Coefficient Of Variation of (959.37) to confirm the risk estimate we provide. The entity has a beta of 2.02, which indicates 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, Shoe Carnival will likely underperform. At this point, Shoe Carnival has a negative expected return of -0.33%. Please make sure to validate Shoe Carnival's treynor ratio, kurtosis, as well as the relationship between the Kurtosis and day typical price , to decide if Shoe Carnival performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.57 |
Good reverse predictability
Shoe Carnival has good reverse predictability. Overlapping area represents the amount of predictability between Shoe Carnival time series from 26th of October 2024 to 10th of November 2024 and 10th of November 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 Shoe Carnival price movement. The serial correlation of -0.57 indicates that roughly 57.0% of current Shoe Carnival price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.57 | |
| Spearman Rank Test | -0.76 | |
| Residual Average | 0.0 | |
| Price Variance | 3.54 |
Shoe Carnival lagged returns against current returns
Autocorrelation, which is Shoe Carnival 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 Shoe Carnival's stock expected returns. We can calculate the autocorrelation of Shoe Carnival returns to help us make a trade decision. For example, suppose you find that Shoe Carnival 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 |
Shoe Carnival 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 Shoe Carnival stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shoe Carnival stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shoe Carnival stock over time.
Current vs Lagged Prices |
| Timeline |
Shoe Carnival Lagged Returns
When evaluating Shoe Carnival's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shoe Carnival stock have on its future price. Shoe Carnival 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, Shoe Carnival autocorrelation shows the relationship between Shoe Carnival stock current value and its past values and can show if there is a momentum factor associated with investing in Shoe Carnival.
Regressed Prices |
| Timeline |
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Shoe Carnival 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.