Cbiz Inc Stock Market Value
| CBZ Stock | USD 74.50 0.49 0.66% |
| Symbol | CBIZ |
CBIZ Inc Price To Book Ratio
Is CBIZ'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 CBIZ. If investors know CBIZ 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 CBIZ 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 0.264 | Earnings Share 2.39 | Revenue Per Share 31.831 | Quarterly Revenue Growth 0.11 | Return On Assets 0.0537 |
The market value of CBIZ Inc is measured differently than its book value, which is the value of CBIZ that is recorded on the company's balance sheet. Investors also form their own opinion of CBIZ's value that differs from its market value or its book value, called intrinsic value, which is CBIZ'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 CBIZ's market value can be influenced by many factors that don't directly affect CBIZ'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 CBIZ's value and its price as these two are different measures arrived at by different means. Investors typically determine if CBIZ is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CBIZ'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.
CBIZ '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 CBIZ'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 CBIZ.
| 03/17/2024 |
| 04/16/2024 |
If you would invest 0.00 in CBIZ on March 17, 2024 and sell it all today you would earn a total of 0.00 from holding CBIZ Inc or generate 0.0% return on investment in CBIZ over 30 days. CBIZ is related to or competes with Maximus, First Advantage, Network 1, RB Global, Cintas, Aramark Holdings, and Rentokil Initial. CBIZ, Inc. provides financial, insurance, and advisory services in the United States and Canada More
CBIZ 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 CBIZ'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 CBIZ Inc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.66 | |||
| Information Ratio | 0.1309 | |||
| Maximum Drawdown | 11.93 | |||
| Value At Risk | (2.96) | |||
| Potential Upside | 2.18 |
CBIZ Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CBIZ's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CBIZ's standard deviation. In reality, there are many statistical measures that can use CBIZ historical prices to predict the future CBIZ's volatility.| Risk Adjusted Performance | 0.1113 | |||
| Jensen Alpha | 0.1921 | |||
| Total Risk Alpha | 0.1331 | |||
| Sortino Ratio | 0.1356 | |||
| Treynor Ratio | 0.1714 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of CBIZ'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.
CBIZ Inc Backtested Returns
CBIZ appears to be very steady, given 3 months investment horizon. CBIZ Inc secures Sharpe Ratio (or Efficiency) of 0.17, which signifies that the company had a 0.17% return per unit of return volatility over the last 3 months. We have found twenty-nine technical indicators for CBIZ Inc, which you can use to evaluate the volatility of the entity. Please makes use of CBIZ's Downside Deviation of 1.66, coefficient of variation of 597.21, and Mean Deviation of 1.09 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, CBIZ holds a performance score of 13. The firm shows a Beta (market volatility) of 1.62, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, CBIZ will likely underperform. Please check CBIZ's potential upside, and the relationship between the total risk alpha and kurtosis , to make a quick decision on whether CBIZ's price patterns will revert.
Auto-correlation | -0.65 |
Very good reverse predictability
CBIZ Inc has very good reverse predictability. Overlapping area represents the amount of predictability between CBIZ time series from 17th of March 2024 to 1st of April 2024 and 1st of April 2024 to 16th of April 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 CBIZ Inc price movement. The serial correlation of -0.65 indicates that roughly 65.0% of current CBIZ price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.65 | |
| Spearman Rank Test | -0.84 | |
| Residual Average | 0.0 | |
| Price Variance | 1.56 |
CBIZ Inc lagged returns against current returns
Autocorrelation, which is CBIZ 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 CBIZ's stock expected returns. We can calculate the autocorrelation of CBIZ returns to help us make a trade decision. For example, suppose you find that CBIZ 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 |
CBIZ 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 CBIZ stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CBIZ stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CBIZ stock over time.
Current vs Lagged Prices |
| Timeline |
CBIZ Lagged Returns
When evaluating CBIZ's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CBIZ stock have on its future price. CBIZ 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, CBIZ autocorrelation shows the relationship between CBIZ stock current value and its past values and can show if there is a momentum factor associated with investing in CBIZ Inc.
Regressed Prices |
| Timeline |
CBIZ Investors Sentiment
The influence of CBIZ's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in CBIZ. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to CBIZ's public news can be used to forecast risks associated with an investment in CBIZ. The trend in average sentiment can be used to explain how an investor holding CBIZ can time the market purely based on public headlines and social activities around CBIZ Inc. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
CBIZ's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for CBIZ's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average CBIZ's news discussions. The higher the estimated score, the more favorable is the investor's outlook on CBIZ.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards CBIZ in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, CBIZ's short interest history, or implied volatility extrapolated from CBIZ options trading.
Pair Trading with CBIZ
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 CBIZ 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 CBIZ will appreciate offsetting losses from the drop in the long position's value.Moving together with CBIZ Stock
| 0.72 | BV | BrightView Holdings Financial Report 2nd of May 2024 | PairCorr |
| 0.82 | LZ | LegalZoom Financial Report 14th of May 2024 | PairCorr |
Moving against CBIZ Stock
| 0.87 | ARC | ARC Document Solutions Financial Report 1st of May 2024 | PairCorr |
| 0.87 | DNB | Dun Bradstreet Holdings Financial Report 2nd of May 2024 | PairCorr |
| 0.81 | FORR | Forrester Research Financial Report 2nd of May 2024 | PairCorr |
| 0.69 | DLHC | DLH Holdings Corp Financial Report 1st of May 2024 | PairCorr |
| 0.67 | FC | Franklin Covey Financial Report 26th of June 2024 | PairCorr |
The ability to find closely correlated positions to CBIZ could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CBIZ 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 CBIZ - 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 CBIZ Inc to buy it.
The correlation of CBIZ 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 CBIZ moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CBIZ Inc 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 CBIZ 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 CBIZ Correlation, CBIZ Volatility and CBIZ Alpha and Beta module to complement your research on CBIZ. Note that the CBIZ Inc information on this page should be used as a complementary analysis to other CBIZ's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.
Complementary Tools for CBIZ Stock analysis
When running CBIZ's price analysis, check to measure CBIZ'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 CBIZ is operating at the current time. Most of CBIZ's value examination focuses on studying past and present price action to predict the probability of CBIZ's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CBIZ's price. Additionally, you may evaluate how the addition of CBIZ to your portfolios can decrease your overall portfolio volatility.
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CBIZ 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.