Chemours Co Stock Market Value
| CC Stock | USD 27.08 0.35 1.31% |
| Symbol | Chemours |
Chemours Price To Book Ratio
Is Chemours' 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 Chemours. If investors know Chemours 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 Chemours 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 (0.91) | Dividend Share 1 | Earnings Share (1.60) | Revenue Per Share 40.473 | Quarterly Revenue Growth 0.017 |
The market value of Chemours is measured differently than its book value, which is the value of Chemours that is recorded on the company's balance sheet. Investors also form their own opinion of Chemours' value that differs from its market value or its book value, called intrinsic value, which is Chemours' 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 Chemours' market value can be influenced by many factors that don't directly affect Chemours' 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 Chemours' value and its price as these two are different measures arrived at by different means. Investors typically determine if Chemours is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Chemours' 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.
Chemours '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 Chemours' 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 Chemours.
| 03/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in Chemours on March 25, 2024 and sell it all today you would earn a total of 0.00 from holding Chemours Co or generate 0.0% return on investment in Chemours over 30 days. Chemours is related to or competes with Ecolab, and Sherwin Williams. The Chemours Company provides performance chemicals in North America, the Asia Pacific, Europe, the Middle East, Africa,... More
Chemours 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 Chemours' 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 Chemours Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.96 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 39.61 | |||
| Value At Risk | (5.01) | |||
| Potential Upside | 7.41 |
Chemours Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Chemours' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Chemours' standard deviation. In reality, there are many statistical measures that can use Chemours historical prices to predict the future Chemours' volatility.| Risk Adjusted Performance | 0.0143 | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.72) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.0267 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Chemours' 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.
Chemours Backtested Returns
Chemours secures Sharpe Ratio (or Efficiency) of -0.0115, which signifies that the company had a -0.0115% return per unit of standard deviation over the last 3 months. Chemours Co exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Chemours' mean deviation of 3.02, and Risk Adjusted Performance of 0.0143 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.42, 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, Chemours will likely underperform. Chemours has an expected return of -0.0637%. Please make sure to confirm Chemours jensen alpha, maximum drawdown, and the relationship between the coefficient of variation and sortino ratio , to decide if Chemours performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.26 |
Poor predictability
Chemours Co has poor predictability. Overlapping area represents the amount of predictability between Chemours time series from 25th of March 2024 to 9th of April 2024 and 9th of April 2024 to 24th 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 Chemours price movement. The serial correlation of 0.26 indicates that nearly 26.0% of current Chemours price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.26 | |
| Spearman Rank Test | -0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 0.42 |
Chemours lagged returns against current returns
Autocorrelation, which is Chemours 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 Chemours' stock expected returns. We can calculate the autocorrelation of Chemours returns to help us make a trade decision. For example, suppose you find that Chemours 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 |
Chemours 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 Chemours stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Chemours stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Chemours stock over time.
Current vs Lagged Prices |
| Timeline |
Chemours Lagged Returns
When evaluating Chemours' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Chemours stock have on its future price. Chemours 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, Chemours autocorrelation shows the relationship between Chemours stock current value and its past values and can show if there is a momentum factor associated with investing in Chemours Co.
Regressed Prices |
| Timeline |
Pair Trading with Chemours
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 Chemours 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 Chemours will appreciate offsetting losses from the drop in the long position's value.Moving against Chemours Stock
| 0.59 | DNMR | Danimer Scientific Financial Report 8th of May 2024 | PairCorr |
| 0.58 | ECL | Ecolab Inc Earnings Call This Week | PairCorr |
| 0.55 | CMT | Core Molding Technologies Financial Report 14th of May 2024 | PairCorr |
| 0.53 | ASH | Ashland Global Holdings Earnings Call This Week | PairCorr |
| 0.5 | CBT | Cabot Financial Report 13th of May 2024 | PairCorr |
The ability to find closely correlated positions to Chemours could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Chemours 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 Chemours - 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 Chemours Co to buy it.
The correlation of Chemours 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 Chemours moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Chemours 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 Chemours 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 Chemours Correlation, Chemours Volatility and Chemours Alpha and Beta module to complement your research on Chemours. Note that the Chemours information on this page should be used as a complementary analysis to other Chemours' 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 Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
Complementary Tools for Chemours Stock analysis
When running Chemours' price analysis, check to measure Chemours' 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 Chemours is operating at the current time. Most of Chemours' value examination focuses on studying past and present price action to predict the probability of Chemours' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Chemours' price. Additionally, you may evaluate how the addition of Chemours to your portfolios can decrease your overall portfolio volatility.
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Chemours 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.