Consol Energy Stock Market Value
| CEIX Stock | USD 86.15 2.72 3.26% |
| Symbol | Consol |
Consol Energy Price To Book Ratio
Is Consol Energy'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 Consol Energy. If investors know Consol 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 Consol Energy 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 (0.06) | Dividend Share 1.1 | Earnings Share 19.79 | Revenue Per Share 76.736 | Quarterly Revenue Growth 0.021 |
The market value of Consol Energy is measured differently than its book value, which is the value of Consol that is recorded on the company's balance sheet. Investors also form their own opinion of Consol Energy's value that differs from its market value or its book value, called intrinsic value, which is Consol Energy'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 Consol Energy's market value can be influenced by many factors that don't directly affect Consol Energy'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 Consol Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Consol Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Consol Energy'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.
Consol Energy '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 Consol Energy'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 Consol Energy.
| 03/27/2024 |
| 04/26/2024 |
If you would invest 0.00 in Consol Energy on March 27, 2024 and sell it all today you would earn a total of 0.00 from holding Consol Energy or generate 0.0% return on investment in Consol Energy over 30 days. Consol Energy is related to or competes with Indo Tambangraya, Yanzhou Coal, Bukit Asam, Geo Energy, and Yancoal Australia. CONSOL Energy Inc. produces and exports bituminous coal in the United States More
Consol Energy 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 Consol Energy'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 Consol Energy upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 11.62 | |||
| Value At Risk | (4.67) | |||
| Potential Upside | 3.6 |
Consol Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Consol Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Consol Energy's standard deviation. In reality, there are many statistical measures that can use Consol Energy historical prices to predict the future Consol Energy's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.23) | |||
| Total Risk Alpha | (0.52) | |||
| Treynor Ratio | (0.73) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Consol Energy'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.
Consol Energy Backtested Returns
Consol Energy secures Sharpe Ratio (or Efficiency) of -0.0397, which signifies that the company had a -0.0397% return per unit of risk over the last 3 months. Consol Energy exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Consol Energy's Standard Deviation of 2.48, risk adjusted performance of (0.04), and Mean Deviation of 1.9 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.28, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Consol Energy's returns are expected to increase less than the market. However, during the bear market, the loss of holding Consol Energy is expected to be smaller as well. Consol Energy has an expected return of -0.1%. Please make sure to confirm Consol Energy information ratio, potential upside, as well as the relationship between the Potential Upside and rate of daily change , to decide if Consol Energy performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.01 |
Virtually no predictability
Consol Energy has virtually no predictability. Overlapping area represents the amount of predictability between Consol Energy time series from 27th of March 2024 to 11th of April 2024 and 11th of April 2024 to 26th 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 Consol Energy price movement. The serial correlation of 0.01 indicates that just 1.0% of current Consol Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.01 | |
| Spearman Rank Test | 0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 2.06 |
Consol Energy lagged returns against current returns
Autocorrelation, which is Consol Energy 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 Consol Energy's stock expected returns. We can calculate the autocorrelation of Consol Energy returns to help us make a trade decision. For example, suppose you find that Consol Energy 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 |
Consol Energy 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 Consol Energy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Consol Energy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Consol Energy stock over time.
Current vs Lagged Prices |
| Timeline |
Consol Energy Lagged Returns
When evaluating Consol Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Consol Energy stock have on its future price. Consol Energy 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, Consol Energy autocorrelation shows the relationship between Consol Energy stock current value and its past values and can show if there is a momentum factor associated with investing in Consol Energy.
Regressed Prices |
| Timeline |
Consol Energy Investors Sentiment
The influence of Consol Energy'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 Consol. 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 Consol Energy's public news can be used to forecast risks associated with an investment in Consol. The trend in average sentiment can be used to explain how an investor holding Consol can time the market purely based on public headlines and social activities around Consol Energy. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Consol Energy'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 Consol Energy'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 Consol Energy's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Consol Energy.
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 Consol Energy 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, Consol Energy's short interest history, or implied volatility extrapolated from Consol Energy options trading.
Pair Trading with Consol Energy
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 Consol Energy 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 Consol Energy will appreciate offsetting losses from the drop in the long position's value.Moving together with Consol Stock
| 0.63 | NRP | Natural Resource Partners Earnings Call This Week | PairCorr |
Moving against Consol Stock
| 0.67 | DINO | HF Sinclair Corp Financial Report 2nd of May 2024 | PairCorr |
| 0.51 | DK | Delek Energy Financial Report 13th of May 2024 | PairCorr |
| 0.46 | BP | BP PLC ADR Financial Report 7th of May 2024 | PairCorr |
The ability to find closely correlated positions to Consol Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Consol Energy 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 Consol Energy - 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 Consol Energy to buy it.
The correlation of Consol Energy 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 Consol Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Consol Energy 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 Consol Energy 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 Consol Energy Correlation, Consol Energy Volatility and Consol Energy Alpha and Beta module to complement your research on Consol Energy. For more information on how to buy Consol Stock please use our How to Invest in Consol Energy guide.You can also try the Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.
Complementary Tools for Consol Stock analysis
When running Consol Energy's price analysis, check to measure Consol Energy'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 Consol Energy is operating at the current time. Most of Consol Energy's value examination focuses on studying past and present price action to predict the probability of Consol Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Consol Energy's price. Additionally, you may evaluate how the addition of Consol Energy to your portfolios can decrease your overall portfolio volatility.
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Consol Energy 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.