Curtiss Wright Stock Market Value
| CW Stock | USD 253.32 2.37 0.94% |
| Symbol | Curtiss |
Curtiss Wright Price To Book Ratio
Is Curtiss Wright'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 Curtiss Wright. If investors know Curtiss 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 Curtiss Wright 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 0.099 | Dividend Share 0.79 | Earnings Share 9.21 | Revenue Per Share 74.325 | Quarterly Revenue Growth 0.037 |
The market value of Curtiss Wright is measured differently than its book value, which is the value of Curtiss that is recorded on the company's balance sheet. Investors also form their own opinion of Curtiss Wright's value that differs from its market value or its book value, called intrinsic value, which is Curtiss Wright'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 Curtiss Wright's market value can be influenced by many factors that don't directly affect Curtiss Wright'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 Curtiss Wright's value and its price as these two are different measures arrived at by different means. Investors typically determine if Curtiss Wright is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Curtiss Wright'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.
Curtiss Wright '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 Curtiss Wright'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 Curtiss Wright.
| 10/26/2023 |
| 04/23/2024 |
If you would invest 0.00 in Curtiss Wright on October 26, 2023 and sell it all today you would earn a total of 0.00 from holding Curtiss Wright or generate 0.0% return on investment in Curtiss Wright over 180 days. Curtiss Wright is related to or competes with Novocure, HubSpot, DigitalOcean Holdings, Appian Corp, and Repligen. Curtiss-Wright Corporation, together with its subsidiaries, provides engineered products, solutions, and services to the... More
Curtiss Wright 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 Curtiss Wright'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 Curtiss Wright upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7731 | |||
| Information Ratio | 0.1065 | |||
| Maximum Drawdown | 4.29 | |||
| Value At Risk | (1.20) | |||
| Potential Upside | 1.42 |
Curtiss Wright Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Curtiss Wright's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Curtiss Wright's standard deviation. In reality, there are many statistical measures that can use Curtiss Wright historical prices to predict the future Curtiss Wright's volatility.| Risk Adjusted Performance | 0.134 | |||
| Jensen Alpha | 0.1187 | |||
| Total Risk Alpha | 0.0607 | |||
| Sortino Ratio | 0.115 | |||
| Treynor Ratio | 0.2694 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Curtiss Wright'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.
Curtiss Wright Backtested Returns
We consider Curtiss Wright very steady. Curtiss Wright secures Sharpe Ratio (or Efficiency) of 0.23, which signifies that the company had a 0.23% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Curtiss Wright, which you can use to evaluate the volatility of the firm. Please confirm Curtiss Wright's Mean Deviation of 0.6722, risk adjusted performance of 0.134, and Downside Deviation of 0.7731 to double-check if the risk estimate we provide is consistent with the expected return of 0.19%. Curtiss Wright has a performance score of 18 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.62, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Curtiss Wright's returns are expected to increase less than the market. However, during the bear market, the loss of holding Curtiss Wright is expected to be smaller as well. Curtiss Wright right now shows a risk of 0.82%. Please confirm Curtiss Wright expected short fall, and the relationship between the maximum drawdown and rate of daily change , to decide if Curtiss Wright will be following its price patterns.
Auto-correlation | 0.80 |
Very good predictability
Curtiss Wright has very good predictability. Overlapping area represents the amount of predictability between Curtiss Wright time series from 26th of October 2023 to 24th of January 2024 and 24th of January 2024 to 23rd 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 Curtiss Wright price movement. The serial correlation of 0.8 indicates that around 80.0% of current Curtiss Wright price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.8 | |
| Spearman Rank Test | 0.82 | |
| Residual Average | 0.0 | |
| Price Variance | 113.51 |
Curtiss Wright lagged returns against current returns
Autocorrelation, which is Curtiss Wright 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 Curtiss Wright's stock expected returns. We can calculate the autocorrelation of Curtiss Wright returns to help us make a trade decision. For example, suppose you find that Curtiss Wright 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 |
Curtiss Wright 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 Curtiss Wright stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Curtiss Wright stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Curtiss Wright stock over time.
Current vs Lagged Prices |
| Timeline |
Curtiss Wright Lagged Returns
When evaluating Curtiss Wright's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Curtiss Wright stock have on its future price. Curtiss Wright 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, Curtiss Wright autocorrelation shows the relationship between Curtiss Wright stock current value and its past values and can show if there is a momentum factor associated with investing in Curtiss Wright.
Regressed Prices |
| Timeline |
Curtiss Wright Investors Sentiment
The influence of Curtiss Wright'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 Curtiss. 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 Curtiss Wright's public news can be used to forecast risks associated with an investment in Curtiss. The trend in average sentiment can be used to explain how an investor holding Curtiss can time the market purely based on public headlines and social activities around Curtiss Wright. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Curtiss Wright'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 Curtiss Wright'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 Curtiss Wright's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Curtiss Wright.
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 Curtiss Wright 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, Curtiss Wright's short interest history, or implied volatility extrapolated from Curtiss Wright options trading.
Pair Trading with Curtiss Wright
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 Curtiss Wright 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 Curtiss Wright will appreciate offsetting losses from the drop in the long position's value.Moving together with Curtiss Stock
| 0.85 | EH | Ehang Holdings | PairCorr |
| 0.91 | GD | General Dynamics Earnings Call Tomorrow | PairCorr |
Moving against Curtiss Stock
| 0.84 | AZ | A2Z Smart Technologies | PairCorr |
| 0.82 | BA | Boeing Earnings Call Tomorrow | PairCorr |
| 0.81 | EVEX | Eve Holding Financial Report 14th of May 2024 | PairCorr |
| 0.65 | DPRO | Draganfly Financial Report 14th of May 2024 | PairCorr |
| 0.56 | CVU | CPI Aerostructures | PairCorr |
The ability to find closely correlated positions to Curtiss Wright could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Curtiss Wright 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 Curtiss Wright - 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 Curtiss Wright to buy it.
The correlation of Curtiss Wright 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 Curtiss Wright moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Curtiss Wright 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 Curtiss Wright 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 Curtiss Wright Correlation, Curtiss Wright Volatility and Curtiss Wright Alpha and Beta module to complement your research on Curtiss Wright. For more information on how to buy Curtiss Stock please use our How to Invest in Curtiss Wright guide.You can also try the Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.
Complementary Tools for Curtiss Stock analysis
When running Curtiss Wright's price analysis, check to measure Curtiss Wright'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 Curtiss Wright is operating at the current time. Most of Curtiss Wright's value examination focuses on studying past and present price action to predict the probability of Curtiss Wright's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Curtiss Wright's price. Additionally, you may evaluate how the addition of Curtiss Wright to your portfolios can decrease your overall portfolio volatility.
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| Competition Analyzer Analyze and compare many basic indicators for a group of related or unrelated entities | |
| Aroon Oscillator Analyze current equity momentum using Aroon Oscillator and other momentum ratios | |
| Fundamental Analysis View fundamental data based on most recent published financial statements |
Curtiss Wright 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.