Corning Incorporated Stock Performance
| GLW Stock | USD 30.98 0.06 0.19% |
Corning Incorporated has a performance score of 3 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 1.22, 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, Corning Incorporated will likely underperform. Corning Incorporated right now shows a risk of 1.41%. Please confirm Corning Incorporated potential upside, as well as the relationship between the accumulation distribution and period momentum indicator , to decide if Corning Incorporated will be following its price patterns.
Risk-Adjusted Performance
3 of 100
Weak | Strong |
Insignificant
Compared to the overall equity markets, risk-adjusted returns on investments in Corning Incorporated are ranked lower than 3 (%) of all global equities and portfolios over the last 90 days. In spite of fairly stable essential indicators, Corning Incorporated is not utilizing all of its potentials. The newest stock price fuss, may contribute to near-short-term losses for the sophisticated investors. ...more
Actual Historical Performance (%)
One Day Return 0.19 | Five Day Return (2.94) | Year To Date Return 1.61 | Ten Year Return 47.38 | All Time Return 441.61 |
Forward Dividend Yield 0.0362 | Payout Ratio 0.6588 | Last Split Factor 3:1 | Forward Dividend Rate 1.12 | Dividend Date 2024-03-28 |
1 | Exercise or conversion by John Zhang of 4951 shares of Corning Incorporated subject to Rule 16b-3 | 02/12/2024 |
2 | Cell Counting Market To Reach USD 17.2 Billion By 2032 Report By DataHorizzon Research | 02/13/2024 |
3 | Disposition of 2390 shares by Jaymin Amin of Corning Incorporated at 20.92 subject to Rule 16b-3 | 02/16/2024 |
4 | Tower Research Capital LLC TRC Raises Stock Holdings in Corning Incorporated | 03/04/2024 |
5 | Public Employees Retirement System of Ohio Sells 30,551 Shares of Corning Incorporated | 03/11/2024 |
6 | Wall Streets Most Accurate Analysts Say Hold These 3 Tech Stocks Delivering High-Dividend Yields | 03/15/2024 |
7 | Global Primary Cell Culture Market Projected To Witness Substantial Growth, 2024-2031 | 03/19/2024 |
8 | Disposition of tradable shares by Tillman Michaune D of Corning Incorporated subject to Rule 16b-3 | 03/25/2024 |
9 | Disposition of 2305 shares by John Bayne of Corning Incorporated at 31.73 subject to Rule 16b-3 | 03/27/2024 |
| Corning Incorporated dividend paid on 28th of March 2024 | 03/28/2024 |
11 | Acquisition by Jaymin Amin of 17447 shares of Corning Incorporated subject to Rule 16b-3 | 04/01/2024 |
12 | Cell Dissociation Market To Reach USD 3.6 Billion By 2032 DataHorizzon Research | 04/04/2024 |
13 | Global Sodium Antimonate Market Report 2024 Growing Demand in Flame Retardant Applications Driving the Industry, Dominated by DuPont, Albemarle Corporation, and... | 04/11/2024 |
14 | Why Corning is a Top Value Stock for the Long-Term | 04/17/2024 |
| Begin Period Cash Flow | 1.7 B |
Corning |
Corning Incorporated Relative Risk vs. Return Landscape
If you would invest 2,990 in Corning Incorporated on January 18, 2024 and sell it today you would earn a total of 108.00 from holding Corning Incorporated or generate 3.61% return on investment over 90 days. Corning Incorporated is generating 0.0659% of daily returns assuming volatility of 1.4071% on return distribution over 90 days investment horizon. In other words, 12% of stocks are less volatile than Corning, and above 99% of all equities are expected to generate higher returns over the next 90 days. Expected Return |
| Risk |
Corning Incorporated Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Corning Incorporated's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Corning Incorporated, and traders can use it to determine the average amount a Corning Incorporated's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.0469
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Estimated Market Risk
| 1.41 actual daily | 12 88% of assets are more volatile |
Expected Return
| 0.07 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.05 actual daily | 3 97% of assets perform better |
Based on monthly moving average Corning Incorporated is performing at about 3% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Corning Incorporated by adding it to a well-diversified portfolio.
Corning Incorporated Fundamentals Growth
Corning Stock prices reflect investors' perceptions of the future prospects and financial health of Corning Incorporated, and Corning Incorporated fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Corning Stock performance.
| Return On Equity | 0.0537 | ||||
| Return On Asset | 0.0285 | ||||
| Profit Margin | 0.05 % | ||||
| Operating Margin | 0.16 % | ||||
| Current Valuation | 33.73 B | ||||
| Shares Outstanding | 855.35 M | ||||
| Price To Earning | 15.78 X | ||||
| Price To Book | 2.33 X | ||||
| Price To Sales | 2.14 X | ||||
| Revenue | 12.59 B | ||||
| Gross Profit | 4.84 B | ||||
| EBITDA | 890 M | ||||
| Net Income | 648 M | ||||
| Cash And Equivalents | 1.67 B | ||||
| Cash Per Share | 1.93 X | ||||
| Total Debt | 8.48 B | ||||
| Debt To Equity | 0.65 % | ||||
| Current Ratio | 1.51 X | ||||
| Book Value Per Share | 14.09 X | ||||
| Cash Flow From Operations | 2 B | ||||
| Earnings Per Share | 0.68 X | ||||
| Market Capitalization | 26.76 B | ||||
| Total Asset | 28.5 B | ||||
| Retained Earnings | 16.39 B | ||||
| Working Capital | 2.89 B | ||||
| Current Asset | 8.27 B | ||||
| Current Liabilities | 2.81 B | ||||
About Corning Incorporated Performance
To evaluate Corning Incorporated Stock as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Corning Incorporated generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Corning Stock's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Corning Incorporated market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Corning's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.| Last Reported | Projected for Next Year | ||
| Days Of Inventory On Hand | 112.40 | 66.35 | |
| Return On Tangible Assets | 0.02 | 0.03 | |
| Return On Capital Employed | 0.04 | 0.05 | |
| Return On Assets | 0.02 | 0.03 | |
| Return On Equity | 0.05 | 0.05 |
Things to note about Corning Incorporated performance evaluation
Checking the ongoing alerts about Corning Incorporated for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Corning Incorporated help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Corning Incorporated is unlikely to experience financial distress in the next 2 years | |
| Corning Incorporated has a strong financial position based on the latest SEC filings | |
| About 71.0% of the company shares are owned by institutional investors | |
| On 28th of March 2024 Corning Incorporated paid $ 0.28 per share dividend to its current shareholders | |
| Latest headline from finance.yahoo.com: Why Corning is a Top Value Stock for the Long-Term |
- Analyzing Corning Incorporated's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Corning Incorporated's stock is overvalued or undervalued compared to its peers.
- Examining Corning Incorporated's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Corning Incorporated's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Corning Incorporated's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Corning Incorporated's stock. These opinions can provide insight into Corning Incorporated's potential for growth and whether the stock is currently undervalued or overvalued.
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Corning Incorporated. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. For more information on how to buy Corning Stock please use our How to Invest in Corning Incorporated guide.You can also try the Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.
Complementary Tools for Corning Stock analysis
When running Corning Incorporated's price analysis, check to measure Corning Incorporated'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 Corning Incorporated is operating at the current time. Most of Corning Incorporated's value examination focuses on studying past and present price action to predict the probability of Corning Incorporated's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Corning Incorporated's price. Additionally, you may evaluate how the addition of Corning Incorporated to your portfolios can decrease your overall portfolio volatility.
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Is Corning Incorporated'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 Corning Incorporated. If investors know Corning 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 Corning Incorporated 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 (0.21) | Dividend Share 1.12 | Earnings Share 0.68 | Revenue Per Share 14.844 | Quarterly Revenue Growth (0.12) |
The market value of Corning Incorporated is measured differently than its book value, which is the value of Corning that is recorded on the company's balance sheet. Investors also form their own opinion of Corning Incorporated's value that differs from its market value or its book value, called intrinsic value, which is Corning Incorporated'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 Corning Incorporated's market value can be influenced by many factors that don't directly affect Corning Incorporated'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 Corning Incorporated's value and its price as these two are different measures arrived at by different means. Investors typically determine if Corning Incorporated is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Corning Incorporated'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.