Churchill Net Working Capital from 2010 to 2024
| CHDN Stock | USD 123.39 0.11 0.09% |
Net Working Capital | First Reported 2010-12-31 | Previous Quarter -355 M | Current Value -337.2 M | Quarterly Volatility 115.4 M |
Check Churchill Downs financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Churchill main balance sheet or income statement drivers, such as Depreciation And Amortization of 184 M, Interest Expense of 281.8 M or Selling General Administrative of 212.4 M, as well as many exotic indicators such as Price To Sales Ratio of 4.33, Dividend Yield of 0.0025 or PTB Ratio of 11.92. Churchill financial statements analysis is a perfect complement when working with Churchill Downs Valuation or Volatility modules.
Churchill | Net Working Capital |
Latest Churchill Downs' Net Working Capital Growth Pattern
Below is the plot of the Net Working Capital of Churchill Downs Incorporated over the last few years. It is Churchill Downs' Net Working Capital historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Churchill Downs' overall financial position and show how it may be relating to other accounts over time.
| Net Working Capital | 10 Years Trend |
|
Net Working Capital |
| Timeline |
Churchill Net Working Capital Regression Statistics
| Arithmetic Mean | (181,590,000) | |
| Geometric Mean | 165,054,687 | |
| Coefficient Of Variation | (63.55) | |
| Mean Deviation | 74,156,000 | |
| Median | (197,100,000) | |
| Standard Deviation | 115,399,740 | |
| Sample Variance | 13317.1T | |
| Range | 461.5M | |
| R-Value | (0.09) | |
| Mean Square Error | 14216.7T | |
| R-Squared | 0.01 | |
| Significance | 0.74 | |
| Slope | (2,406,607) | |
| Total Sum of Squares | 186439.4T |
Churchill Net Working Capital History
About Churchill Downs Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Churchill Downs income statement, its balance sheet, and the statement of cash flows. Churchill Downs investors use historical funamental indicators, such as Churchill Downs's Net Working Capital, to determine how well the company is positioned to perform in the future. Although Churchill Downs investors may use each financial statement separately, they are all related. The changes in Churchill Downs's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Churchill Downs's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Churchill Downs Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Churchill Downs. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Net Working Capital | -355 M | -337.2 M |
Churchill Downs Investors Sentiment
The influence of Churchill Downs' 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 Churchill. 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 Churchill Downs' public news can be used to forecast risks associated with an investment in Churchill. The trend in average sentiment can be used to explain how an investor holding Churchill can time the market purely based on public headlines and social activities around Churchill Downs Incorporated. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Churchill Downs' 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 Churchill Downs' 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 Churchill Downs' news discussions. The higher the estimated score, the more favorable is the investor's outlook on Churchill Downs.
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 Churchill Downs 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, Churchill Downs' short interest history, or implied volatility extrapolated from Churchill Downs options trading.
Pair Trading with Churchill Downs
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 Churchill Downs 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 Churchill Downs will appreciate offsetting losses from the drop in the long position's value.Moving against Churchill Stock
| 0.41 | IHG | InterContinental Hotels | PairCorr |
The ability to find closely correlated positions to Churchill Downs could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Churchill Downs 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 Churchill Downs - 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 Churchill Downs Incorporated to buy it.
The correlation of Churchill Downs 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 Churchill Downs moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Churchill Downs rporated 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 Churchill Downs 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 the analysis of Churchill Downs Correlation against competitors. Note that the Churchill Downs rporated information on this page should be used as a complementary analysis to other Churchill Downs' 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 Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.
Complementary Tools for Churchill Stock analysis
When running Churchill Downs' price analysis, check to measure Churchill Downs' 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 Churchill Downs is operating at the current time. Most of Churchill Downs' value examination focuses on studying past and present price action to predict the probability of Churchill Downs' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Churchill Downs' price. Additionally, you may evaluate how the addition of Churchill Downs to your portfolios can decrease your overall portfolio volatility.
| Fundamental Analysis View fundamental data based on most recent published financial statements | |
| Piotroski F Score Get Piotroski F Score based on the binary analysis strategy of nine different fundamentals | |
| Portfolio Analyzer Portfolio analysis module that provides access to portfolio diagnostics and optimization engine | |
| Odds Of Bankruptcy Get analysis of equity chance of financial distress in the next 2 years | |
| Transaction History View history of all your transactions and understand their impact on performance | |
| Top Crypto Exchanges Search and analyze digital assets across top global cryptocurrency exchanges | |
| Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets |
Is Churchill Downs' 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 Churchill Downs. If investors know Churchill 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 Churchill Downs 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 56.156 | Dividend Share 0.382 | Earnings Share 5.48 | Revenue Per Share 32.735 | Quarterly Revenue Growth 0.169 |
The market value of Churchill Downs rporated is measured differently than its book value, which is the value of Churchill that is recorded on the company's balance sheet. Investors also form their own opinion of Churchill Downs' value that differs from its market value or its book value, called intrinsic value, which is Churchill Downs' 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 Churchill Downs' market value can be influenced by many factors that don't directly affect Churchill Downs' 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 Churchill Downs' value and its price as these two are different measures arrived at by different means. Investors typically determine if Churchill Downs is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Churchill Downs' 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.