Colgate Palmolive Stock Market Value
| CL Stock | USD 86.71 0.04 0.05% |
| Symbol | Colgate |
Colgate Palmolive Price To Book Ratio
Is Colgate Palmolive'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 Colgate Palmolive. If investors know Colgate 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 Colgate Palmolive 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 144.537 | Dividend Share 1.91 | Earnings Share 2.77 | Revenue Per Share 23.516 | Quarterly Revenue Growth 0.069 |
The market value of Colgate Palmolive is measured differently than its book value, which is the value of Colgate that is recorded on the company's balance sheet. Investors also form their own opinion of Colgate Palmolive's value that differs from its market value or its book value, called intrinsic value, which is Colgate Palmolive'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 Colgate Palmolive's market value can be influenced by many factors that don't directly affect Colgate Palmolive'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 Colgate Palmolive's value and its price as these two are different measures arrived at by different means. Investors typically determine if Colgate Palmolive is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Colgate Palmolive'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.
Colgate Palmolive '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 Colgate Palmolive'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 Colgate Palmolive.
| 10/21/2023 |
| 04/18/2024 |
If you would invest 0.00 in Colgate Palmolive on October 21, 2023 and sell it all today you would earn a total of 0.00 from holding Colgate Palmolive or generate 0.0% return on investment in Colgate Palmolive over 180 days. Colgate Palmolive is related to or competes with Clorox, Procter Gamble, Unilever PLC, Church Dwight, Kimberly Clark, Estee Lauder, and Reckitt Benckiser. Colgate-Palmolive Company, together with its subsidiaries, manufactures and sells consumer products worldwide More
Colgate Palmolive 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 Colgate Palmolive'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 Colgate Palmolive upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7291 | |||
| Information Ratio | 0.0812 | |||
| Maximum Drawdown | 4.02 | |||
| Value At Risk | (1.10) | |||
| Potential Upside | 1.36 |
Colgate Palmolive Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Colgate Palmolive's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Colgate Palmolive's standard deviation. In reality, there are many statistical measures that can use Colgate Palmolive historical prices to predict the future Colgate Palmolive's volatility.| Risk Adjusted Performance | 0.0987 | |||
| Jensen Alpha | 0.0842 | |||
| Total Risk Alpha | 0.0524 | |||
| Sortino Ratio | 0.0851 | |||
| Treynor Ratio | 0.2094 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Colgate Palmolive'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.
Colgate Palmolive Backtested Returns
We consider Colgate Palmolive very steady. Colgate Palmolive secures Sharpe Ratio (or Efficiency) of 0.16, which signifies that the company had a 0.16% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Colgate Palmolive, which you can use to evaluate the volatility of the firm. Please confirm Colgate Palmolive's Risk Adjusted Performance of 0.0987, downside deviation of 0.7291, and Mean Deviation of 0.5646 to double-check if the risk estimate we provide is consistent with the expected return of 0.12%. Colgate Palmolive has a performance score of 12 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.51, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Colgate Palmolive's returns are expected to increase less than the market. However, during the bear market, the loss of holding Colgate Palmolive is expected to be smaller as well. Colgate Palmolive right now shows a risk of 0.77%. Please confirm Colgate Palmolive jensen alpha, potential upside, accumulation distribution, as well as the relationship between the treynor ratio and expected short fall , to decide if Colgate Palmolive will be following its price patterns.
Auto-correlation | 0.80 |
Very good predictability
Colgate Palmolive has very good predictability. Overlapping area represents the amount of predictability between Colgate Palmolive time series from 21st of October 2023 to 19th of January 2024 and 19th of January 2024 to 18th of April 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 Colgate Palmolive price movement. The serial correlation of 0.8 indicates that around 80.0% of current Colgate Palmolive price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.8 | |
| Spearman Rank Test | 0.67 | |
| Residual Average | 0.0 | |
| Price Variance | 6.3 |
Colgate Palmolive lagged returns against current returns
Autocorrelation, which is Colgate Palmolive 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 Colgate Palmolive's stock expected returns. We can calculate the autocorrelation of Colgate Palmolive returns to help us make a trade decision. For example, suppose you find that Colgate Palmolive 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 |
Colgate Palmolive 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 Colgate Palmolive stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Colgate Palmolive stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Colgate Palmolive stock over time.
Current vs Lagged Prices |
| Timeline |
Colgate Palmolive Lagged Returns
When evaluating Colgate Palmolive's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Colgate Palmolive stock have on its future price. Colgate Palmolive 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, Colgate Palmolive autocorrelation shows the relationship between Colgate Palmolive stock current value and its past values and can show if there is a momentum factor associated with investing in Colgate Palmolive.
Regressed Prices |
| Timeline |
Pair Trading with Colgate Palmolive
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 Colgate Palmolive 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 Colgate Palmolive will appreciate offsetting losses from the drop in the long position's value.Moving together with Colgate Stock
| 0.78 | EL | Estee Lauder Companies Buyout Trend | PairCorr |
| 0.83 | PG | Procter Gamble Earnings Call Tomorrow | PairCorr |
Moving against Colgate Stock
| 0.8 | YSG | Yatsen Holding Financial Report 21st of May 2024 | PairCorr |
| 0.76 | NUS | Nu Skin Enterprises Financial Report 1st of May 2024 | PairCorr |
| 0.68 | EWCZ | European Wax Center Financial Report 8th of May 2024 | PairCorr |
| 0.55 | ACU | Acme United Earnings Call Tomorrow | PairCorr |
| 0.41 | NWL | Newell Brands Earnings Call Next Week | PairCorr |
The ability to find closely correlated positions to Colgate Palmolive could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Colgate Palmolive 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 Colgate Palmolive - 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 Colgate Palmolive to buy it.
The correlation of Colgate Palmolive 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 Colgate Palmolive moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Colgate Palmolive 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 Colgate Palmolive 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 Colgate Palmolive Correlation, Colgate Palmolive Volatility and Colgate Palmolive Alpha and Beta module to complement your research on Colgate Palmolive. For more information on how to buy Colgate Stock please use our How to buy in Colgate Stock guide.You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.
Complementary Tools for Colgate Stock analysis
When running Colgate Palmolive's price analysis, check to measure Colgate Palmolive'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 Colgate Palmolive is operating at the current time. Most of Colgate Palmolive's value examination focuses on studying past and present price action to predict the probability of Colgate Palmolive's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Colgate Palmolive's price. Additionally, you may evaluate how the addition of Colgate Palmolive to your portfolios can decrease your overall portfolio volatility.
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Colgate Palmolive 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.