Core Mark Story

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CORE -- USA Stock  

USD 41.65  1.06  2.48%

While some of us are excited about consumer defensive space, it makes sense to digest Core Mark Holding in greater detail to make a better perception of its potential. As expected, Core Mark is starting to reaffirm its true potential as shareholders are becoming more and more confident in the future outlook. The returns on investing in Core Mark and the market returns of the last few months appear uncorrelated. Unsteady basic indicators of the firm may also indicate signs of longer-term losses for Core Mark shareholders. Core Mark Holding is scheduled to announce its earnings today. The next earnings report is expected on the 6th of May 2021.
Published over a month ago
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Will Core Mark (NASDAQ:CORE) price continue to surge in April?
This firm's average rating is Buy from 4 analysts. Do analysts base this consensus on technical analyses? We know that typical technical analysis utilizes price momentum, patterns, and trends looking at historical prices. It aims to identify signals based on Core Mark market sentiment investors' perception of the future value of Core Mark. Let us look at a few aspects of Core Mark technical analysis. The company has Profit Margin (PM) of 0.45 %, which maeans that even a very small decline in it revenue will erase profits resulting in a net loss. This is way below average. Similarly, it shows Operating Margin (OM) of 1.19 %, which suggests for every 100 dollars of sales, it generated a net operating income of 0.01.
Using predictive technical analysis, we will analyze different prices and returns patterns and diagnose historical swings to determine the real value of Core Mark Holding. In general, we focus on analyzing Core Mark stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Core Mark's daily price indicators and compare them against related drivers such as momentum indicators and various other types of predictive indicators. Using this methodology combined with a more conventional technical analysis and fundamental analysis, we attempt to find the most accurate representation of Core Mark's intrinsic value. In addition to deriving basic predictive indicators for Core Mark, we also check how macroeconomic factors affect Core Mark price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Core Mark's stock 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. Please use the tools below to analyze the current value of Core Mark in the context of predictive analytics.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Core Mark. Your research has to be compared to or analyzed against Core Mark's peers to derive any actionable benefits. When done correctly, Core Mark's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Core Mark Holding.

How does Core Mark Stands against Peers?

Analyzing Core Mark competition or peers my help you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Try to analyze the advantages of investing in traded instruments related to Core Mark across multiple sectors and thematic ideas. A good competitive analysis can cover a lot of different areas. But what areas to choose depends on who you are. The more exhaustive you are in your analysis, the more effective your competitive analysis will be.
Check out Core Mark Competition Details

How Core Mark utilizes its cash?

To perform a cash flow analysis of Core Mark, investors first need to understand how to read the cash flow statement. A cash flow statement shows the amount of cash Core Mark is receiving and how much cash it distributes out in a given period. The Core Mark cash flow statement breaks down these inflows and outflows into different buckets, including operating activities, investing activities, and financing activities.
Core Mark Net Cash Flow from Operations is projected to increase significantly based on the last few years of reporting. The past year's Net Cash Flow from Operations was at 147.8 Million

Closer look at Core Mark Mean Deviation

Core Mark Holding has current Mean Deviation of 1.72. The mean deviation of the equity instrument is the first measure of the distances between each value of security historical prices and the mean. It gives us an idea of how spread out from the center the distribution of returns.

Mean Deviation is the average of the absolute values of the differences between price distribution numbers and their mean. Mean deviation of equity instrument with a lot of historical data is a biased estimator because the time horizon used in calculation will always be much smaller than the entire price history of the equity. The mean deviation is typically used as a measure of dispersion for small investment horizon, otherwise standard deviation is a better measure of dispersion.

Mean Deviation 
SUM = Summation notation
RET DEV = Sum of return deviations of Core Mark
N = Number of calculation points for selected time horizon
Let's now compare Core Mark Mean Deviation to its closest peers:

Our perspective of the latest Core Mark surge

The mean deviation is down to 1.72 as of today. Core Mark Holding currently demonstrates below-average downside deviation. It has Information Ratio of -0.01 and Jensen Alpha of 0.03. However, we advise investors to further question Core Mark Holding expected returns to ensure all indicators are consistent with the current outlook about its relatively low value at risk. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Core Mark's stock risk against market volatility during both bullying and bearish trends. The higher level of volatility that comes with bear markets can directly impact Core Mark's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different stocks as prices fall.

Our Final Take On Core Mark

Although some other companies within the food distribution industry are still a little expensive, even after the recent corrections, Core Mark may offer a potential longer-term growth to shareholders. The inconsistency in the assessment between current Core Mark valuation and our trade advice on Core Mark is due to the recent market swings and your selection of investing horizon. Please use our equity advice module to run different scenarios to ensure your current risk level and investment horizon are fully reflective of your current investing preferences in regards to Core Mark.

About Contributor

This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Vlad Skutelnik do not own shares of Core Mark Holding. Please refer to our Terms of Use for any information regarding our disclosure principles.

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