Core Graham Number from 2010 to 2024
| CNM Stock | USD 58.52 0.65 1.12% |
Graham Number | First Reported 2010-12-31 | Previous Quarter 20.13576224 | Current Value 4.67937238 | Quarterly Volatility 3.9908227 |
Check Core Main financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Core main balance sheet or income statement drivers, such as Interest Expense of 88.7 M, Ebit of 400 M or Net Income Applicable To Common Shares of 441.9 M, as well as many exotic indicators such as Price To Sales Ratio of 0.88, Dividend Yield of 0.0071 or PTB Ratio of 4.75. Core financial statements analysis is a perfect complement when working with Core Main Valuation or Volatility modules.
Core | Graham Number |
Pair Trading with Core Main
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 Core Main 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 Core Main will appreciate offsetting losses from the drop in the long position's value.Moving together with Core Stock
| 0.95 | DXPE | DXP Enterprises Financial Report 9th of May 2024 | PairCorr |
| 0.9 | FERG | Ferguson Plc Financial Report 4th of June 2024 | PairCorr |
Moving against Core Stock
| 0.9 | AZ | A2Z Smart Technologies | PairCorr |
| 0.84 | TITN | Titan Machinery Financial Report 23rd of May 2024 | PairCorr |
| 0.81 | BA | Boeing Financial Report 24th of July 2024 | PairCorr |
| 0.68 | AP | Ampco Pittsburgh | PairCorr |
| 0.66 | MSM | MSC Industrial Direct Financial Report 4th of July 2024 | PairCorr |
The ability to find closely correlated positions to Core Main could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Core Main 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 Core Main - 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 Core Main to buy it.
The correlation of Core Main 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 Core Main moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Core Main 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 Core Main 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 Core Main Correlation against competitors. To learn how to invest in Core Stock, please use our How to Invest in Core Main guide.You can also try the Technical Analysis module to check basic technical indicators and analysis based on most latest market data.
Complementary Tools for Core Stock analysis
When running Core Main's price analysis, check to measure Core Main'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 Core Main is operating at the current time. Most of Core Main's value examination focuses on studying past and present price action to predict the probability of Core Main's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Core Main's price. Additionally, you may evaluate how the addition of Core Main to your portfolios can decrease your overall portfolio volatility.
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Is Core Main'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 Core Main. If investors know Core 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 Core Main 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 0.076 | Earnings Share 2.15 | Revenue Per Share 38.776 | Quarterly Revenue Growth 0.048 | Return On Assets 0.0933 |
The market value of Core Main is measured differently than its book value, which is the value of Core that is recorded on the company's balance sheet. Investors also form their own opinion of Core Main's value that differs from its market value or its book value, called intrinsic value, which is Core Main'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 Core Main's market value can be influenced by many factors that don't directly affect Core Main'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 Core Main's value and its price as these two are different measures arrived at by different means. Investors typically determine if Core Main is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Core Main'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.