Core Laboratories Nv Stock Market Value
| CLB Stock | USD 16.99 0.30 1.80% |
| Symbol | Core |
Core Laboratories Price To Book Ratio
Is Core Laboratories' industry 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 Core Laboratories. If investors know Core 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 Core Laboratories 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 (0.72) | Dividend Share 0.04 | Earnings Share 0.51 | Revenue Per Share 10.92 | Quarterly Revenue Growth 0.005 |
The market value of Core Laboratories is measured differently than its book value, which is the value of Core that is recorded on the company's balance sheet. Investors also form their own opinion of Core Laboratories' value that differs from its market value or its book value, called intrinsic value, which is Core Laboratories' 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 Core Laboratories' market value can be influenced by many factors that don't directly affect Core Laboratories' 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 Core Laboratories' value and its price as these two are different measures arrived at by different means. Investors typically determine if Core Laboratories is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Core Laboratories' 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.
Core Laboratories '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 Core Laboratories' 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 Core Laboratories.
| 02/19/2024 |
| 04/19/2024 |
If you would invest 0.00 in Core Laboratories on February 19, 2024 and sell it all today you would earn a total of 0.00 from holding Core Laboratories NV or generate 0.0% return on investment in Core Laboratories over 60 days. Core Laboratories is related to or competes with MRC Global, and Expro Group. Core Laboratories N.V. provides reservoir description and production enhancement services and products to the oil and ga... More
Core Laboratories 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 Core Laboratories' 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 Core Laboratories NV upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.27 | |||
| Information Ratio | 0.046 | |||
| Maximum Drawdown | 10.67 | |||
| Value At Risk | (3.61) | |||
| Potential Upside | 3.29 |
Core Laboratories Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Core Laboratories' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Core Laboratories' standard deviation. In reality, there are many statistical measures that can use Core Laboratories historical prices to predict the future Core Laboratories' volatility.| Risk Adjusted Performance | 0.0545 | |||
| Jensen Alpha | 0.0956 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | 0.0455 | |||
| Treynor Ratio | 0.1433 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Core Laboratories' 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.
Core Laboratories Backtested Returns
We consider Core Laboratories not too volatile. Core Laboratories secures Sharpe Ratio (or Efficiency) of 0.0788, which signifies that the company had a 0.0788% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Core Laboratories NV, which you can use to evaluate the volatility of the firm. Please confirm Core Laboratories' Risk Adjusted Performance of 0.0545, downside deviation of 2.27, and Mean Deviation of 1.73 to double-check if the risk estimate we provide is consistent with the expected return of 0.18%. Core Laboratories has a performance score of 6 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 1.13, which signifies a somewhat significant risk relative to the market. Core Laboratories returns are very sensitive to returns on the market. As the market goes up or down, Core Laboratories is expected to follow. Core Laboratories right now shows a risk of 2.24%. Please confirm Core Laboratories value at risk, expected short fall, and the relationship between the treynor ratio and downside variance , to decide if Core Laboratories will be following its price patterns.
Auto-correlation | 0.57 |
Modest predictability
Core Laboratories NV has modest predictability. Overlapping area represents the amount of predictability between Core Laboratories time series from 19th of February 2024 to 20th of March 2024 and 20th of March 2024 to 19th of April 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 Core Laboratories price movement. The serial correlation of 0.57 indicates that roughly 57.0% of current Core Laboratories price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.57 | |
| Spearman Rank Test | 0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 0.12 |
Core Laboratories lagged returns against current returns
Autocorrelation, which is Core Laboratories 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 Core Laboratories' stock expected returns. We can calculate the autocorrelation of Core Laboratories returns to help us make a trade decision. For example, suppose you find that Core Laboratories 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 |
Core Laboratories 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 Core Laboratories stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Core Laboratories stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Core Laboratories stock over time.
Current vs Lagged Prices |
| Timeline |
Core Laboratories Lagged Returns
When evaluating Core Laboratories' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Core Laboratories stock have on its future price. Core Laboratories 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, Core Laboratories autocorrelation shows the relationship between Core Laboratories stock current value and its past values and can show if there is a momentum factor associated with investing in Core Laboratories NV.
Regressed Prices |
| Timeline |
Pair Trading with Core Laboratories
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 Core Laboratories 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 Core Laboratories will appreciate offsetting losses from the drop in the long position's value.Moving together with Core Stock
| 0.89 | NR | Newpark Resources Financial Report 7th of May 2024 | PairCorr |
| 0.72 | TS | Tenaris SA ADR Earnings Call This Week | PairCorr |
Moving against Core Stock
| 0.49 | NOA | North American Const Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to Core Laboratories could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Core Laboratories 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 Core Laboratories - 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 Core Laboratories NV to buy it.
The correlation of Core Laboratories 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 Core Laboratories moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Core Laboratories 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 Core Laboratories 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 Core Laboratories Correlation, Core Laboratories Volatility and Core Laboratories Alpha and Beta module to complement your research on Core Laboratories. You can also try the Content Syndication module to quickly integrate customizable finance content to your own investment portal.
Complementary Tools for Core Stock analysis
When running Core Laboratories' price analysis, check to measure Core Laboratories' 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 Core Laboratories is operating at the current time. Most of Core Laboratories' value examination focuses on studying past and present price action to predict the probability of Core Laboratories' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Core Laboratories' price. Additionally, you may evaluate how the addition of Core Laboratories to your portfolios can decrease your overall portfolio volatility.
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Core Laboratories 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.