Callaway Story

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ELY -- USA Stock  

USD 20.73  0.32  1.57%

21% of stocks are less volatile than Callaway, and above 98% of all equities are expected to generate higher returns over the next 60 days. As many old-fashioned traders are trying to avoid consumer cyclical space, it makes sense to break down Callaway Golf a little further and try to understand its current volatility patterns. What exactly are Callaway Golf shareholders getting in November? Callaway Golf's low volatility may still impact the value of the stock as we estimate it as currently undervalued. The real value, based on our analysis, is getting close to 21.58 per share.
Published over a month ago
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Is Callaway Golf (NYSE:ELY) a good hedge for your existing portfolios?
Callaway Golf has roughly 164.42 M in cash with 116.99 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.75.
Volatility is a rate at which the price of Callaway Golf or any other equity instrument increases or decreases for a given set of returns. It is measured by calculating the standard deviation of the annualized returns over a given period of time and shows the range to which the price of Callaway Golf may increase or decrease. In other words, similar to Callaway's beta indicator, it measures the risk of Callaway Golf and helps estimate the fluctuations that may happen in a short period of time. So if prices of Callaway Golf fluctuate rapidly in a short time span, it is termed to have high volatility, and if it swings slowly in a more extended period, it is understood to have low volatility. Please read more on our technical analysis page.

How important is Callaway Golf's Liquidity

Callaway Golf financial leverage refers to using borrowed capital as a funding source to finance Callaway Golf ongoing operations. It is usually used to expand the firm's asset base and generate returns on borrowed capital. Callaway Golf financial leverage is typically calculated by taking the company's all interest-bearing debt and dividing it by total capital. So the higher the debt-to-capital ratio (i.e., financial leverage), the riskier the company. Please check the breakdown between Callaway Golf's total debt and its cash.

What do experts say?

Stock analysis is a method for investors and traders to make buying and selling decisions. By studying and evaluating past and current data, investors and traders attempt to gain an edge in the markets by making informed decisions. It is good to see analyst projects for Callaway Golf, but it might be worth checking our own buy vs. sell analysis

Callaway Golf Volatility Drivers

Callaway Golf unsystematic risk is unique to Callaway Golf and usually not directly affected by the market or economic environment. An example of unsystematic risk is the possibility of poor earnings or a layoff due to coronavirus. One may mitigate nonsystematic risk by buying different securities in the same industry or by buying in different sectors. For example, if you have a position in Callaway Golf you can also buy Cedar Fair LP. You can also mitigate this risk by investing in the leisure sector as well as in companies having nothing to do with it. This type of risk is also called diversifiable risk and can be understood from analyzing Callaway Golf important indicators over time. Here we run a correlation analysis between relevant fundamental ratios over at least ten year period to find a relationship in the way they react to changes in Callaway Golf income statement and balance sheet. Here are more details about Callaway volatility.
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