Corecard Corp Stock Market Value
| CCRD Stock | USD 14.10 0.22 1.59% |
| Symbol | CoreCard |
CoreCard Corp Price To Book Ratio
Is Application Software 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 CoreCard Corp. If investors know CoreCard 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 CoreCard Corp 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 (0.66) | Earnings Share 0.3 | Revenue Per Share 6.474 | Quarterly Revenue Growth (0.11) | Return On Assets 0.0397 |
The market value of CoreCard Corp is measured differently than its book value, which is the value of CoreCard that is recorded on the company's balance sheet. Investors also form their own opinion of CoreCard Corp's value that differs from its market value or its book value, called intrinsic value, which is CoreCard Corp'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 CoreCard Corp's market value can be influenced by many factors that don't directly affect CoreCard Corp'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 CoreCard Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if CoreCard Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CoreCard Corp'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.
CoreCard Corp '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 CoreCard Corp'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 CoreCard Corp.
| 05/05/2024 |
| 06/04/2024 |
If you would invest 0.00 in CoreCard Corp on May 5, 2024 and sell it all today you would earn a total of 0.00 from holding CoreCard Corp or generate 0.0% return on investment in CoreCard Corp over 30 days. CoreCard Corp is related to or competes with American Software, Meridianlink, Model N, Clearwater Analytics, Expensify, Envestnet, and Paycor HCM. CoreCard Corporation, together with its subsidiaries, offers technology solutions and processing services to the financi... More
CoreCard Corp 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 CoreCard Corp'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 CoreCard Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.6 | |||
| Information Ratio | 0.0455 | |||
| Maximum Drawdown | 33.05 | |||
| Value At Risk | (7.77) | |||
| Potential Upside | 5.04 |
CoreCard Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CoreCard Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CoreCard Corp's standard deviation. In reality, there are many statistical measures that can use CoreCard Corp historical prices to predict the future CoreCard Corp's volatility.| Risk Adjusted Performance | 0.0419 | |||
| Jensen Alpha | 0.2233 | |||
| Total Risk Alpha | 0.0458 | |||
| Sortino Ratio | 0.0474 | |||
| Treynor Ratio | 0.3058 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of CoreCard Corp'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.
CoreCard Corp Backtested Returns
CoreCard Corp appears to be somewhat reliable, given 3 months investment horizon. CoreCard Corp secures Sharpe Ratio (or Efficiency) of 0.0801, which signifies that the company had a 0.0801% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for CoreCard Corp, which you can use to evaluate the volatility of the firm. Please makes use of CoreCard Corp's Mean Deviation of 3.21, downside deviation of 4.6, and Risk Adjusted Performance of 0.0419 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, CoreCard Corp holds a performance score of 6. The firm shows a Beta (market volatility) of 0.8, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, CoreCard Corp's returns are expected to increase less than the market. However, during the bear market, the loss of holding CoreCard Corp is expected to be smaller as well. Please check CoreCard Corp's semi variance, day median price, and the relationship between the value at risk and kurtosis , to make a quick decision on whether CoreCard Corp's price patterns will revert.
Auto-correlation | 0.03 |
Virtually no predictability
CoreCard Corp has virtually no predictability. Overlapping area represents the amount of predictability between CoreCard Corp time series from 5th of May 2024 to 20th of May 2024 and 20th of May 2024 to 4th of June 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 CoreCard Corp price movement. The serial correlation of 0.03 indicates that only 3.0% of current CoreCard Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.03 | |
| Spearman Rank Test | 0.33 | |
| Residual Average | 0.0 | |
| Price Variance | 0.17 |
CoreCard Corp lagged returns against current returns
Autocorrelation, which is CoreCard Corp 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 CoreCard Corp's stock expected returns. We can calculate the autocorrelation of CoreCard Corp returns to help us make a trade decision. For example, suppose you find that CoreCard Corp 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 |
CoreCard Corp 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 CoreCard Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CoreCard Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CoreCard Corp stock over time.
Current vs Lagged Prices |
| Timeline |
CoreCard Corp Lagged Returns
When evaluating CoreCard Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CoreCard Corp stock have on its future price. CoreCard Corp 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, CoreCard Corp autocorrelation shows the relationship between CoreCard Corp stock current value and its past values and can show if there is a momentum factor associated with investing in CoreCard Corp.
Regressed Prices |
| Timeline |
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Additional Information and Resources on Investing in CoreCard Stock
When determining whether CoreCard Corp is a strong investment it is important to analyze CoreCard Corp's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact CoreCard Corp's future performance. For an informed investment choice regarding CoreCard Stock, refer to the following important reports:Check out CoreCard Corp Correlation, CoreCard Corp Volatility and CoreCard Corp Alpha and Beta module to complement your research on CoreCard Corp. For information on how to trade CoreCard Stock refer to our How to Trade CoreCard Stock guide.You can also try the Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.
CoreCard Corp 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.