ChargePoint Price to Earnings Ratio from 2010 to 2024
| CHPT Stock | USD 1.29 0.05 3.73% |
Check ChargePoint Holdings financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among ChargePoint main balance sheet or income statement drivers, such as Interest Expense of 17.1 M, Tax Provision of 593.2 K or Interest Income of 8.7 M, as well as many exotic indicators such as Price To Sales Ratio of 0.6, Dividend Yield of 0.0028 or PTB Ratio of 1.43. ChargePoint financial statements analysis is a perfect complement when working with ChargePoint Holdings Valuation or Volatility modules.
ChargePoint | Price to Earnings Ratio |
About ChargePoint Holdings Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include ChargePoint Holdings income statement, its balance sheet, and the statement of cash flows. ChargePoint Holdings investors use historical funamental indicators, such as ChargePoint Holdings's Price to Earnings Ratio, to determine how well the company is positioned to perform in the future. Although ChargePoint Holdings investors may use each financial statement separately, they are all related. The changes in ChargePoint Holdings's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on ChargePoint Holdings'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 ChargePoint Holdings Financial Statements. Understanding these patterns can help to make the right decision on long term investment in ChargePoint Holdings. Please read more on our technical analysis and fundamental analysis pages.
ChargePoint Holdings, Inc. provides electric vehicle charging networks and charging solutions in the United States and internationally. The company was founded in 2007 and is headquartered in Campbell, California. Chargepoint Hldgs operates under Specialty Retail classification in the United States and is traded on New York Stock Exchange. It employs 1679 people.
Pair Trading with ChargePoint Holdings
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 ChargePoint Holdings 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 ChargePoint Holdings will appreciate offsetting losses from the drop in the long position's value.Moving together with ChargePoint Stock
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Moving against ChargePoint Stock
| 0.7 | BBW | Build A Bear Financial Report 23rd of May 2024 | PairCorr |
| 0.61 | WSM | Williams Sonoma Financial Report 28th of May 2024 | PairCorr |
| 0.57 | DKS | Dicks Sporting Goods Financial Report 28th of May 2024 | PairCorr |
The ability to find closely correlated positions to ChargePoint Holdings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ChargePoint Holdings 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 ChargePoint Holdings - 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 ChargePoint Holdings to buy it.
The correlation of ChargePoint Holdings 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 ChargePoint Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ChargePoint Holdings 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 ChargePoint Holdings 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 ChargePoint Holdings Correlation against competitors. For more information on how to buy ChargePoint Stock please use our How to Invest in ChargePoint Holdings guide.You can also try the Money Managers module to screen money managers from public funds and ETFs managed around the world.
Complementary Tools for ChargePoint Stock analysis
When running ChargePoint Holdings' price analysis, check to measure ChargePoint Holdings' 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 ChargePoint Holdings is operating at the current time. Most of ChargePoint Holdings' value examination focuses on studying past and present price action to predict the probability of ChargePoint Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ChargePoint Holdings' price. Additionally, you may evaluate how the addition of ChargePoint Holdings to your portfolios can decrease your overall portfolio volatility.
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Is ChargePoint Holdings' 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 ChargePoint Holdings. If investors know ChargePoint 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 ChargePoint Holdings listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.22) | Revenue Per Share 1.349 | Quarterly Revenue Growth (0.24) | Return On Assets (0.26) | Return On Equity (1.34) |
The market value of ChargePoint Holdings is measured differently than its book value, which is the value of ChargePoint that is recorded on the company's balance sheet. Investors also form their own opinion of ChargePoint Holdings' value that differs from its market value or its book value, called intrinsic value, which is ChargePoint Holdings' 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 ChargePoint Holdings' market value can be influenced by many factors that don't directly affect ChargePoint Holdings' 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 ChargePoint Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if ChargePoint Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ChargePoint Holdings' 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.