Concentra Historical Valuation
| CON Stock | 23.09 0.96 4.34% |
Some fundamental drivers such as market cap or Concentra Group enterprice value can be analyzed from historical perspective to project value of the company into the future. Some investors analyze Concentra Group Holdings valuation indicators such as Working Capital of 0.0 or Enterprise Value of 4.2 B to time the market or to short-sell their positions based on the trend in valuation ratios. It is a perfect tool to project the direction of Concentra Group's future value.
Concentra |
About Concentra Valuation Data Analysis
Valuation is the financial process of determining what Concentra Group is worth. Concentra Group valuation ratios put that insight into the context of a company's share price, where they serve as useful tools for evaluating and utilizing investment potential. Concentra Group valuation ratios help investors to determine whether Concentra Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Concentra with respect to the benefits of owning Concentra Group security.
Concentra Group Valuation Data Chart
Enterprise Value
Enterprise Value (or EV) is usually referred to as Concentra Group theoretical takeover price. In the event of an acquisition, an acquirer would have to take on Concentra Group Holdings debt, but would also pocket its cash. Enterprise Value is more accurate representation of Concentra Group value than its market capitalization because it takes into account all of Concentra Group Holdings existing debt. A measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization that includes the market capitalization, plus total debt, minority interest and preferred shares, minus total cash and cash equivalents.Pair Trading with Concentra Group
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 Concentra Group 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 Concentra Group will appreciate offsetting losses from the drop in the long position's value.Moving together with Concentra Stock
Moving against Concentra Stock
| 0.76 | ECOR | Electrocore LLC | PairCorr |
| 0.74 | MD | Mednax Inc | PairCorr |
| 0.69 | ELMD | Electromed | PairCorr |
| 0.64 | DOCS | Doximity Buyout Trend | PairCorr |
| 0.42 | OM | Outset Medical | PairCorr |
The ability to find closely correlated positions to Concentra Group could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Concentra Group 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 Concentra Group - 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 Concentra Group Holdings to buy it.
The correlation of Concentra Group 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 Concentra Group moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Concentra Group Holdings 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 Concentra Group 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.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Concentra Group Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons. You can also try the Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..
Is Health Care Providers & Services 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 Concentra Group. If investors know Concentra 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 Concentra Group 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 (0.02) | Earnings Share 1.02 | Revenue Per Share 17.842 | Quarterly Revenue Growth 0.023 |
The market value of Concentra Group Holdings is measured differently than its book value, which is the value of Concentra that is recorded on the company's balance sheet. Investors also form their own opinion of Concentra Group's value that differs from its market value or its book value, called intrinsic value, which is Concentra Group'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 Concentra Group's market value can be influenced by many factors that don't directly affect Concentra Group'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 Concentra Group's value and its price as these two are different measures arrived at by different means. Investors typically determine if Concentra Group is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Concentra Group'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.