Carpenter Consolidated Income from 2010 to 2024
| CRS Stock | USD 75.87 1.63 2.10% |
Check Carpenter Technology financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Carpenter main balance sheet or income statement drivers, such as Depreciation And Amortization of 158.2 M, Interest Expense of 65.3 M or Selling General Administrative of 153.1 M, as well as many exotic indicators such as Price To Sales Ratio of 0.73, Dividend Yield of 0.0311 or PTB Ratio of 1.34. Carpenter financial statements analysis is a perfect complement when working with Carpenter Technology Valuation or Volatility modules.
Carpenter | Consolidated Income |
About Carpenter Technology Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Carpenter Technology income statement, its balance sheet, and the statement of cash flows. Carpenter Technology investors use historical funamental indicators, such as Carpenter Technology's Consolidated Income, to determine how well the company is positioned to perform in the future. Although Carpenter Technology investors may use each financial statement separately, they are all related. The changes in Carpenter Technology's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Carpenter Technology's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Carpenter Technology Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Carpenter Technology. Please read more on our technical analysis and fundamental analysis pages.
Carpenter Technology Corporation engages in the manufacture, fabrication, and distribution of specialty metals in the United States, Europe, the Asia Pacific, Mexico, Canada, and internationally. The company was founded in 1889 and is headquartered in Philadelphia, Pennsylvania. Carpenter Technology operates under Metal Fabrication classification in the United States and is traded on New York Stock Exchange. It employs 4100 people.
Pair Trading with Carpenter Technology
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 Carpenter Technology 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 Carpenter Technology will appreciate offsetting losses from the drop in the long position's value.Moving together with Carpenter Stock
| 0.8 | TG | Tredegar | PairCorr |
| 0.75 | WS | Worthington Steel | PairCorr |
| 0.8 | ESAB | ESAB Corp Financial Report 7th of May 2024 | PairCorr |
| 0.72 | ATI | Allegheny Technologies Financial Report 2nd of May 2024 | PairCorr |
Moving against Carpenter Stock
| 0.68 | PRLB | Proto Labs Financial Report 3rd of May 2024 | PairCorr |
| 0.64 | AP | Ampco Pittsburgh | PairCorr |
The ability to find closely correlated positions to Carpenter Technology could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Carpenter Technology 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 Carpenter Technology - 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 Carpenter Technology to buy it.
The correlation of Carpenter Technology 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 Carpenter Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Carpenter Technology 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 Carpenter Technology 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 the analysis of Carpenter Technology Correlation against competitors. For more information on how to buy Carpenter Stock please use our How to Invest in Carpenter Technology guide.You can also try the Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.
Complementary Tools for Carpenter Stock analysis
When running Carpenter Technology's price analysis, check to measure Carpenter Technology'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 Carpenter Technology is operating at the current time. Most of Carpenter Technology's value examination focuses on studying past and present price action to predict the probability of Carpenter Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Carpenter Technology's price. Additionally, you may evaluate how the addition of Carpenter Technology to your portfolios can decrease your overall portfolio volatility.
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Is Carpenter Technology's 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 Carpenter Technology. If investors know Carpenter 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 Carpenter Technology 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 5.8 | Dividend Share 0.8 | Earnings Share 2.89 | Revenue Per Share 55.43 | Quarterly Revenue Growth 0.078 |
The market value of Carpenter Technology is measured differently than its book value, which is the value of Carpenter that is recorded on the company's balance sheet. Investors also form their own opinion of Carpenter Technology's value that differs from its market value or its book value, called intrinsic value, which is Carpenter Technology'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 Carpenter Technology's market value can be influenced by many factors that don't directly affect Carpenter Technology'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 Carpenter Technology's value and its price as these two are different measures arrived at by different means. Investors typically determine if Carpenter Technology is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Carpenter Technology'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.