Corecard Corp Stock Market Value

CCRD Stock  USD 11.02  0.70  6.78%   
CoreCard Corp's market value is the price at which a share of CoreCard Corp trades on a public exchange. It measures the collective expectations of CoreCard Corp investors about its performance. CoreCard Corp is trading at 11.02 as of the 28th of March 2024, a 6.78 percent up since the beginning of the trading day. The stock's lowest day price was 10.46.
With this module, you can estimate the performance of a buy and hold strategy of CoreCard Corp and determine expected loss or profit from investing in CoreCard Corp over a given investment horizon. Check out CoreCard Corp Correlation, CoreCard Corp Volatility and CoreCard Corp Alpha and Beta module to complement your research on CoreCard Corp.
For information on how to trade CoreCard Stock refer to our How to Trade CoreCard Stock guide.
Symbol

CoreCard Corp Price To Book Ratio

Is CoreCard Corp'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 CoreCard Corp. If investors know CoreCard 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 CoreCard Corp 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
(0.50)
Earnings Share
0.4
Revenue Per Share
6.622
Quarterly Revenue Growth
(0.23)
Return On Assets
0.0522
The market value of CoreCard Corp is measured differently than its book value, which is the value of CoreCard that is recorded on the company's balance sheet. Investors also form their own opinion of CoreCard Corp's value that differs from its market value or its book value, called intrinsic value, which is CoreCard Corp'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 CoreCard Corp's market value can be influenced by many factors that don't directly affect CoreCard Corp'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 CoreCard Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if CoreCard Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CoreCard Corp'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.

CoreCard Corp '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 CoreCard Corp'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 CoreCard Corp.
0.00
02/27/2024
No Change 0.00  0.0 
In 30 days
03/28/2024
0.00
If you would invest  0.00  in CoreCard Corp on February 27, 2024 and sell it all today you would earn a total of 0.00 from holding CoreCard Corp or generate 0.0% return on investment in CoreCard Corp over 30 days. CoreCard Corp is related to or competes with Kingsoft Cloud, C3 Ai, Eventbrite, and Daily Journal. CoreCard Corporation, together with its subsidiaries, offers technology solutions and processing services to the financi... More

CoreCard Corp 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 CoreCard Corp'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 CoreCard Corp upside and downside potential and time the market with a certain degree of confidence.

CoreCard Corp Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for CoreCard Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CoreCard Corp's standard deviation. In reality, there are many statistical measures that can use CoreCard Corp historical prices to predict the future CoreCard Corp's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of CoreCard Corp'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.
Hype
Prediction
LowEstimatedHigh
7.8711.2114.55
Details
Intrinsic
Valuation
LowRealHigh
9.8914.8218.16
Details
Naive
Forecast
LowNextHigh
7.0110.3513.69
Details
1 Analysts
Consensus
LowTargetHigh
24.5727.0029.97
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as CoreCard Corp. Your research has to be compared to or analyzed against CoreCard Corp's peers to derive any actionable benefits. When done correctly, CoreCard Corp's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in CoreCard Corp.

CoreCard Corp Backtested Returns

CoreCard Corp secures Sharpe Ratio (or Efficiency) of -0.0932, which signifies that the company had a -0.0932% return per unit of risk over the last 3 months. CoreCard Corp exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm CoreCard Corp's Mean Deviation of 2.4, standard deviation of 3.26, and Risk Adjusted Performance of (0.05) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 2.03, 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, CoreCard Corp will likely underperform. CoreCard Corp has an expected return of -0.31%. Please make sure to confirm CoreCard Corp kurtosis, and the relationship between the value at risk and rate of daily change , to decide if CoreCard Corp performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  0.38  

Below average predictability

CoreCard Corp has below average predictability. Overlapping area represents the amount of predictability between CoreCard Corp time series from 27th of February 2024 to 13th of March 2024 and 13th of March 2024 to 28th of March 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 CoreCard Corp price movement. The serial correlation of 0.38 indicates that just about 38.0% of current CoreCard Corp price fluctuation can be explain by its past prices.
Correlation Coefficient0.38
Spearman Rank Test0.15
Residual Average0.0
Price Variance0.21

CoreCard Corp lagged returns against current returns

Autocorrelation, which is CoreCard Corp 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 CoreCard Corp's stock expected returns. We can calculate the autocorrelation of CoreCard Corp returns to help us make a trade decision. For example, suppose you find that CoreCard Corp 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  

CoreCard Corp 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 CoreCard Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CoreCard Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CoreCard Corp stock over time.
   Current vs Lagged Prices   
       Timeline  

CoreCard Corp Lagged Returns

When evaluating CoreCard Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CoreCard Corp stock have on its future price. CoreCard Corp 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, CoreCard Corp autocorrelation shows the relationship between CoreCard Corp stock current value and its past values and can show if there is a momentum factor associated with investing in CoreCard Corp.
   Regressed Prices   
       Timeline  

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 CoreCard Corp 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, CoreCard Corp's short interest history, or implied volatility extrapolated from CoreCard Corp options trading.

Pair Trading with CoreCard Corp

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 CoreCard Corp 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 CoreCard Corp will appreciate offsetting losses from the drop in the long position's value.

Moving together with CoreCard Stock

  0.79U Unity Software Financial Report 8th of May 2024 PairCorr
The ability to find closely correlated positions to CoreCard Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CoreCard Corp 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 CoreCard Corp - 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 CoreCard Corp to buy it.
The correlation of CoreCard Corp 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 CoreCard Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CoreCard Corp 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 CoreCard Corp 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.
Pair CorrelationCorrelation Matching
When determining whether CoreCard Corp is a strong investment it is important to analyze CoreCard Corp's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact CoreCard Corp's future performance. For an informed investment choice regarding CoreCard Stock, refer to the following important reports:
Check out CoreCard Corp Correlation, CoreCard Corp Volatility and CoreCard Corp Alpha and Beta module to complement your research on CoreCard Corp.
For information on how to trade CoreCard Stock refer to our How to Trade CoreCard Stock guide.
You can also try the Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.

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When running CoreCard Corp's price analysis, check to measure CoreCard Corp'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 CoreCard Corp is operating at the current time. Most of CoreCard Corp's value examination focuses on studying past and present price action to predict the probability of CoreCard Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CoreCard Corp's price. Additionally, you may evaluate how the addition of CoreCard Corp to your portfolios can decrease your overall portfolio volatility.
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CoreCard Corp 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.
A focus of CoreCard Corp technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of CoreCard Corp trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...