CerenceInc Earnings Estimate
| CRNC Stock | USD 10.37 0.37 3.45% |
CerenceInc |
CerenceInc Earnings per Share Projection vs Actual
About CerenceInc Earnings Estimate
The earnings estimate module is a useful tool to check what professional financial analysts are assuming about the future of CerenceInc earnings. We show available consensus EPS estimates for the upcoming years and quarters. Investors can also examine how these consensus opinions have evolved historically. We show current CerenceInc estimates, future projections, as well as estimates 1, 2, and three years ago. Investors can search for a specific entity to conduct investment planning and build diversified portfolios. Please note, earnings estimates provided by Macroaxis are the average expectations of expert analysts that we track. If a given stock such as CerenceInc fails to match professional earnings estimates, it usually performs purely. Wall Street refers to that as a 'negative surprise.' If a company 'beats' future estimates, it's usually called an 'upside surprise.'
Please read more on our stock advisor page.| Last Reported | Projected for Next Year | ||
| Retained Earnings | -300.3 M | -285.3 M | |
| Retained Earnings Total Equity | 24.8 M | 22.1 M | |
| Earnings Yield | (0.08) | (0.08) | |
| Price Earnings Ratio | (16.75) | (15.91) | |
| Price Earnings To Growth Ratio | 0.16 | 0.17 |
Pair Trading with CerenceInc
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 CerenceInc 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 CerenceInc will appreciate offsetting losses from the drop in the long position's value.Moving together with CerenceInc Stock
| 0.75 | U | Unity Software Financial Report 8th of May 2024 | PairCorr |
| 0.92 | DT | Dynatrace Holdings LLC Sell-off Trend | PairCorr |
Moving against CerenceInc Stock
| 0.87 | DPSI | DecisionPoint Systems Financial Report 20th of May 2024 | PairCorr |
| 0.65 | ML | MoneyLion Financial Report 14th of May 2024 | PairCorr |
| 0.65 | VERX | Vertex Financial Report 8th of May 2024 | PairCorr |
| 0.49 | DJCO | Daily Journal Corp | PairCorr |
The ability to find closely correlated positions to CerenceInc could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CerenceInc 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 CerenceInc - 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 CerenceInc to buy it.
The correlation of CerenceInc 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 CerenceInc moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CerenceInc 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 CerenceInc 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 CerenceInc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. For information on how to trade CerenceInc Stock refer to our How to Trade CerenceInc Stock guide.You can also try the Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.
Complementary Tools for CerenceInc Stock analysis
When running CerenceInc's price analysis, check to measure CerenceInc'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 CerenceInc is operating at the current time. Most of CerenceInc's value examination focuses on studying past and present price action to predict the probability of CerenceInc's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CerenceInc's price. Additionally, you may evaluate how the addition of CerenceInc to your portfolios can decrease your overall portfolio volatility.
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Is CerenceInc'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 CerenceInc. If investors know CerenceInc 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 CerenceInc 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 (0.10) | Earnings Share (0.82) | Revenue Per Share 8.617 | Quarterly Revenue Growth 0.654 | Return On Assets 0.02 |
The market value of CerenceInc is measured differently than its book value, which is the value of CerenceInc that is recorded on the company's balance sheet. Investors also form their own opinion of CerenceInc's value that differs from its market value or its book value, called intrinsic value, which is CerenceInc'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 CerenceInc's market value can be influenced by many factors that don't directly affect CerenceInc'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 CerenceInc's value and its price as these two are different measures arrived at by different means. Investors typically determine if CerenceInc is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CerenceInc'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.