Ckx Lands Stock Beta
| CKX Stock | USD 14.36 0.04 0.28% |
CKX Lands fundamentals help investors to digest information that contributes to CKX Lands' financial success or failures. It also enables traders to predict the movement of CKX Stock. The fundamental analysis module provides a way to measure CKX Lands' intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to CKX Lands stock.
CKX | Beta |
CKX Lands Company Beta Analysis
CKX Lands' Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current CKX Lands Beta | 0.047 |
Most of CKX Lands' fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, CKX Lands is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
CKX Beta Driver Correlations
Understanding the fundamental principles of building solid financial models for CKX Lands is extremely important. It helps to project a fair market value of CKX Stock properly, considering its historical fundamentals such as Beta. Since CKX Lands' main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of CKX Lands' historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of CKX Lands' interrelated accounts and indicators.
Click cells to compare fundamentals
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
| Competition |
In accordance with the recently published financial statements, CKX Lands has a Beta of 0.047. This is 97.24% lower than that of the Real Estate Management & Development sector and 96.95% lower than that of the Real Estate industry. The beta for all United States stocks is 131.33% lower than that of the firm.
CKX Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses CKX Lands' direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of CKX Lands could also be used in its relative valuation, which is a method of valuing CKX Lands by comparing valuation metrics of similar companies.CKX Lands is currently under evaluation in beta category among related companies.
CKX Lands Current Valuation Drivers
We derive many important indicators used in calculating different scores of CKX Lands from analyzing CKX Lands' financial statements. These drivers represent accounts that assess CKX Lands' ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of CKX Lands' important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 20.0M | 18.1M | 18.5M | 19.5M | 25.6M | 16.9M | |
| Enterprise Value | 18.2M | 14.8M | 12.0M | 12.3M | 18.0M | 14.3M |
As returns on the market increase, CKX Lands' returns are expected to increase less than the market. However, during the bear market, the loss of holding CKX Lands is expected to be smaller as well.
CKX Fundamentals
| Return On Equity | 0.008 | ||||
| Return On Asset | -0.001 | ||||
| Profit Margin | 0.1 % | ||||
| Operating Margin | 0.52 % | ||||
| Current Valuation | 19.6 M | ||||
| Shares Outstanding | 2.03 M | ||||
| Shares Owned By Insiders | 34.30 % | ||||
| Shares Owned By Institutions | 17.21 % | ||||
| Number Of Shares Shorted | 555 | ||||
| Price To Earning | 61.14 X | ||||
| Price To Book | 1.49 X | ||||
| Price To Sales | 18.33 X | ||||
| Revenue | 1.49 M | ||||
| Gross Profit | 691.18 K | ||||
| EBITDA | (23.22 K) | ||||
| Net Income | 142.96 K | ||||
| Cash And Equivalents | 7.61 M | ||||
| Cash Per Share | 3.88 X | ||||
| Debt To Equity | 0.03 % | ||||
| Current Ratio | 43.45 X | ||||
| Book Value Per Share | 9.20 X | ||||
| Cash Flow From Operations | 876.95 K | ||||
| Short Ratio | 0.27 X | ||||
| Earnings Per Share | 0.07 X | ||||
| Beta | 0.047 | ||||
| Market Capitalization | 29.19 M | ||||
| Total Asset | 18.81 M | ||||
| Retained Earnings | 15.37 M | ||||
| Working Capital | 8.89 M | ||||
| Current Asset | 6.2 M | ||||
| Current Liabilities | 54.4 K | ||||
| Five Year Return | 2.24 % | ||||
| Net Asset | 18.81 M |
About CKX Lands Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze CKX Lands's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of CKX Lands using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of CKX Lands based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with CKX Lands
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 CKX Lands 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 CKX Lands will appreciate offsetting losses from the drop in the long position's value.Moving against CKX Stock
| 0.54 | TCI | Transcontinental Realty | PairCorr |
| 0.48 | CBL | CBL Associates Properties | PairCorr |
| 0.48 | RMAX | Re Max Holding Financial Report 2nd of May 2024 | PairCorr |
| 0.47 | UK | Ucommune International | PairCorr |
| 0.46 | OMH | Ohmyhome Limited Ordinary Report 25th of April 2024 | PairCorr |
The ability to find closely correlated positions to CKX Lands could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CKX Lands 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 CKX Lands - 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 CKX Lands to buy it.
The correlation of CKX Lands 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 CKX Lands moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CKX Lands 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 CKX Lands 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 CKX Lands Piotroski F Score and CKX Lands Altman Z Score analysis. For more information on how to buy CKX Stock please use our How to Invest in CKX Lands guide.You can also try the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.
Complementary Tools for CKX Stock analysis
When running CKX Lands' price analysis, check to measure CKX Lands' 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 CKX Lands is operating at the current time. Most of CKX Lands' value examination focuses on studying past and present price action to predict the probability of CKX Lands' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CKX Lands' price. Additionally, you may evaluate how the addition of CKX Lands to your portfolios can decrease your overall portfolio volatility.
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Is CKX Lands' 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 CKX Lands. If investors know CKX 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 CKX Lands 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 (0.99) | Earnings Share 0.07 | Revenue Per Share 0.752 | Quarterly Revenue Growth 1.439 | Return On Assets (0) |
The market value of CKX Lands is measured differently than its book value, which is the value of CKX that is recorded on the company's balance sheet. Investors also form their own opinion of CKX Lands' value that differs from its market value or its book value, called intrinsic value, which is CKX Lands' 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 CKX Lands' market value can be influenced by many factors that don't directly affect CKX Lands' 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 CKX Lands' value and its price as these two are different measures arrived at by different means. Investors typically determine if CKX Lands is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CKX Lands' 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.