Consolidated Communications Stock Market Value
| CNSL Stock | USD 4.27 0.02 0.47% |
| Symbol | Consolidated |
Consolidated Communications Price To Book Ratio
Is Consolidated Communications' 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 Consolidated Communications. If investors know Consolidated 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 Consolidated Communications 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 54.822 | Earnings Share (2.60) | Revenue Per Share 9.816 | Quarterly Revenue Growth (0.07) | Return On Assets (0.01) |
The market value of Consolidated Communications is measured differently than its book value, which is the value of Consolidated that is recorded on the company's balance sheet. Investors also form their own opinion of Consolidated Communications' value that differs from its market value or its book value, called intrinsic value, which is Consolidated Communications' 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 Consolidated Communications' market value can be influenced by many factors that don't directly affect Consolidated Communications' 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 Consolidated Communications' value and its price as these two are different measures arrived at by different means. Investors typically determine if Consolidated Communications is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Consolidated Communications' 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.
Consolidated Communications '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 Consolidated Communications' 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 Consolidated Communications.
| 06/30/2022 |
| 04/20/2024 |
If you would invest 0.00 in Consolidated Communications on June 30, 2022 and sell it all today you would earn a total of 0.00 from holding Consolidated Communications or generate 0.0% return on investment in Consolidated Communications over 660 days. Consolidated Communications is related to or competes with Grab Holdings, Cadence Design, Thrivent High, Morningstar Unconstrained, High Yield, Via Renewables, and T Rowe. Consolidated Communications Holdings, Inc., together with its subsidiaries, provides broadband and business communicatio... More
Consolidated Communications 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 Consolidated Communications' 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 Consolidated Communications upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.30) | |||
| Maximum Drawdown | 4.16 | |||
| Value At Risk | (0.70) | |||
| Potential Upside | 0.7009 |
Consolidated Communications Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Consolidated Communications' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Consolidated Communications' standard deviation. In reality, there are many statistical measures that can use Consolidated Communications historical prices to predict the future Consolidated Communications' volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.16) | |||
| Treynor Ratio | (0.61) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Consolidated Communications' 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.
Consolidated Communications Backtested Returns
Consolidated Communications secures Sharpe Ratio (or Efficiency) of -0.12, which signifies that the company had a -0.12% return per unit of risk over the last 3 months. Consolidated Communications exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Consolidated Communications' Risk Adjusted Performance of (0.09), standard deviation of 0.5639, and Mean Deviation of 0.3672 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.15, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Consolidated Communications' returns are expected to increase less than the market. However, during the bear market, the loss of holding Consolidated Communications is expected to be smaller as well. Consolidated Communications has an expected return of -0.0426%. Please make sure to confirm Consolidated Communications potential upside, as well as the relationship between the rate of daily change and period momentum indicator , to decide if Consolidated Communications performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.67 |
Very good reverse predictability
Consolidated Communications has very good reverse predictability. Overlapping area represents the amount of predictability between Consolidated Communications time series from 30th of June 2022 to 26th of May 2023 and 26th of May 2023 to 20th 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 Consolidated Communications price movement. The serial correlation of -0.67 indicates that around 67.0% of current Consolidated Communications price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.67 | |
| Spearman Rank Test | -0.66 | |
| Residual Average | 0.0 | |
| Price Variance | 0.13 |
Consolidated Communications lagged returns against current returns
Autocorrelation, which is Consolidated Communications 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 Consolidated Communications' stock expected returns. We can calculate the autocorrelation of Consolidated Communications returns to help us make a trade decision. For example, suppose you find that Consolidated Communications 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 |
Consolidated Communications 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 Consolidated Communications stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Consolidated Communications stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Consolidated Communications stock over time.
Current vs Lagged Prices |
| Timeline |
Consolidated Communications Lagged Returns
When evaluating Consolidated Communications' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Consolidated Communications stock have on its future price. Consolidated Communications 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, Consolidated Communications autocorrelation shows the relationship between Consolidated Communications stock current value and its past values and can show if there is a momentum factor associated with investing in Consolidated Communications.
Regressed Prices |
| Timeline |
Pair Trading with Consolidated Communications
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 Consolidated Communications 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 Consolidated Communications will appreciate offsetting losses from the drop in the long position's value.Moving together with Consolidated Stock
| 0.72 | BCE | BCE Inc Financial Report 2nd of May 2024 | PairCorr |
Moving against Consolidated Stock
| 0.75 | SE | Sea Financial Report 21st of May 2024 | PairCorr |
| 0.57 | BZ | Kanzhun Ltd ADR Financial Report 22nd of May 2024 | PairCorr |
| 0.5 | SY | So Young International | PairCorr |
| 0.46 | DJCO | Daily Journal Corp | PairCorr |
| 0.42 | ATEX | Anterix Financial Report 12th of June 2024 | PairCorr |
The ability to find closely correlated positions to Consolidated Communications could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Consolidated Communications 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 Consolidated Communications - 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 Consolidated Communications to buy it.
The correlation of Consolidated Communications 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 Consolidated Communications moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Consolidated Communications 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 Consolidated Communications 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 Consolidated Communications Correlation, Consolidated Communications Volatility and Consolidated Communications Alpha and Beta module to complement your research on Consolidated Communications. For more information on how to buy Consolidated Stock please use our How to buy in Consolidated Stock guide.You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Complementary Tools for Consolidated Stock analysis
When running Consolidated Communications' price analysis, check to measure Consolidated Communications' 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 Consolidated Communications is operating at the current time. Most of Consolidated Communications' value examination focuses on studying past and present price action to predict the probability of Consolidated Communications' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Consolidated Communications' price. Additionally, you may evaluate how the addition of Consolidated Communications to your portfolios can decrease your overall portfolio volatility.
| Portfolio Analyzer Portfolio analysis module that provides access to portfolio diagnostics and optimization engine | |
| Stock Tickers Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites | |
| Bonds Directory Find actively traded corporate debentures issued by US companies | |
| Companies Directory Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals | |
| Portfolio Comparator Compare the composition, asset allocations and performance of any two portfolios in your account | |
| Idea Breakdown Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes | |
| Fundamentals Comparison Compare fundamentals across multiple equities to find investing opportunities | |
| Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk | |
| Idea Optimizer Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio | |
| ETFs Find actively traded Exchange Traded Funds (ETF) from around the world | |
| Watchlist Optimization Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm | |
| Global Correlations Find global opportunities by holding instruments from different markets |
Consolidated Communications 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.