Cts Corporation Stock Market Value
| CTS Stock | USD 43.43 0.33 0.77% |
| Symbol | CTS |
CTS Corporation Price To Book Ratio
Is CTS'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 CTS. If investors know CTS 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 CTS 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 0.044 | Dividend Share 0.16 | Earnings Share 1.92 | Revenue Per Share 17.552 | Quarterly Revenue Growth (0.12) |
The market value of CTS Corporation is measured differently than its book value, which is the value of CTS that is recorded on the company's balance sheet. Investors also form their own opinion of CTS's value that differs from its market value or its book value, called intrinsic value, which is CTS'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 CTS's market value can be influenced by many factors that don't directly affect CTS'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 CTS's value and its price as these two are different measures arrived at by different means. Investors typically determine if CTS is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CTS'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.
CTS '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 CTS'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 CTS.
| 03/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in CTS on March 20, 2024 and sell it all today you would earn a total of 0.00 from holding CTS Corporation or generate 0.0% return on investment in CTS over 30 days. CTS is related to or competes with Maximus, Network 1, First Advantage, BrightView Holdings, Civeo Corp, AZZ Incorporated, and Cass Information. CTS Corporation manufactures and sells sensors, actuators, and connectivity components in North America, Europe, and Asi... More
CTS 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 CTS'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 CTS Corporation upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.0 | |||
| Information Ratio | 0.0077 | |||
| Maximum Drawdown | 17.43 | |||
| Value At Risk | (2.73) | |||
| Potential Upside | 3.33 |
CTS Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CTS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CTS's standard deviation. In reality, there are many statistical measures that can use CTS historical prices to predict the future CTS's volatility.| Risk Adjusted Performance | 0.0304 | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.14) | |||
| Sortino Ratio | 0.009 | |||
| Treynor Ratio | 0.0366 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of CTS'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.
CTS Corporation Backtested Returns
We consider CTS very steady. CTS Corporation secures Sharpe Ratio (or Efficiency) of 0.0215, which signifies that the company had a 0.0215% return per unit of volatility over the last 3 months. We have found twenty-eight technical indicators for CTS Corporation, which you can use to evaluate the volatility of the firm. Please confirm CTS's mean deviation of 1.57, and Risk Adjusted Performance of 0.0304 to double-check if the risk estimate we provide is consistent with the expected return of 0.0498%. CTS has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 2.09, 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, CTS will likely underperform. CTS Corporation currently shows a risk of 2.32%. Please confirm CTS Corporation value at risk, as well as the relationship between the skewness and day median price , to decide if CTS Corporation will be following its price patterns.
Auto-correlation | 0.76 |
Good predictability
CTS Corporation has good predictability. Overlapping area represents the amount of predictability between CTS time series from 20th of March 2024 to 4th of April 2024 and 4th of April 2024 to 19th 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 CTS Corporation price movement. The serial correlation of 0.76 indicates that around 76.0% of current CTS price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.76 | |
| Spearman Rank Test | 0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 1.21 |
CTS Corporation lagged returns against current returns
Autocorrelation, which is CTS 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 CTS's stock expected returns. We can calculate the autocorrelation of CTS returns to help us make a trade decision. For example, suppose you find that CTS 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 |
CTS 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 CTS stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CTS stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CTS stock over time.
Current vs Lagged Prices |
| Timeline |
CTS Lagged Returns
When evaluating CTS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CTS stock have on its future price. CTS 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, CTS autocorrelation shows the relationship between CTS stock current value and its past values and can show if there is a momentum factor associated with investing in CTS Corporation.
Regressed Prices |
| Timeline |
Pair Trading with CTS
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 CTS 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 CTS will appreciate offsetting losses from the drop in the long position's value.Moving together with CTS Stock
| 0.83 | CDW | CDW Corp Financial Report 1st of May 2024 | PairCorr |
Moving against CTS Stock
| 0.74 | EXTR | Extreme Networks Financial Report 24th of April 2024 | PairCorr |
| 0.56 | LITE | Lumentum Holdings Financial Report 14th of May 2024 | PairCorr |
| 0.56 | AAPL | Apple Inc Report 2nd of May 2024 | PairCorr |
| 0.55 | ERIC | Telefonaktiebolaget Aggressive Push | PairCorr |
| 0.49 | SSYS | Stratasys Financial Report 21st of May 2024 | PairCorr |
The ability to find closely correlated positions to CTS could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CTS 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 CTS - 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 CTS Corporation to buy it.
The correlation of CTS 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 CTS moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CTS Corporation 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 CTS 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 CTS Correlation, CTS Volatility and CTS Alpha and Beta module to complement your research on CTS. You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.
Complementary Tools for CTS Stock analysis
When running CTS's price analysis, check to measure CTS'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 CTS is operating at the current time. Most of CTS's value examination focuses on studying past and present price action to predict the probability of CTS's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CTS's price. Additionally, you may evaluate how the addition of CTS to your portfolios can decrease your overall portfolio volatility.
| Content Syndication Quickly integrate customizable finance content to your own investment portal | |
| Portfolio Holdings Check your current holdings and cash postion to detemine if your portfolio needs rebalancing | |
| Sectors List of equity sectors categorizing publicly traded companies based on their primary business activities | |
| Piotroski F Score Get Piotroski F Score based on the binary analysis strategy of nine different fundamentals | |
| Stock Screener Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook. | |
| FinTech Suite Use AI to screen and filter profitable investment opportunities | |
| Stock Tickers Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites | |
| Bollinger Bands Use Bollinger Bands indicator to analyze target price for a given investing horizon | |
| CEOs Directory Screen CEOs from public companies around the world | |
| Price Ceiling Movement Calculate and plot Price Ceiling Movement for different equity instruments |
CTS 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.