Conns Inc Stock Market Value
CONN Stock | USD 3.70 0.04 1.09% |
Symbol | Conns |
Conns Inc Price To Book Ratio
Is Conns' 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 Conns. If investors know Conns 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 Conns 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 (0.93) | Earnings Share (3.17) | Revenue Per Share 51.038 | Quarterly Revenue Growth 0.093 | Return On Assets (0.06) |
The market value of Conns Inc is measured differently than its book value, which is the value of Conns that is recorded on the company's balance sheet. Investors also form their own opinion of Conns' value that differs from its market value or its book value, called intrinsic value, which is Conns' 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 Conns' market value can be influenced by many factors that don't directly affect Conns' 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 Conns' value and its price as these two are different measures arrived at by different means. Investors typically determine if Conns is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Conns' 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.
Conns '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 Conns' 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 Conns.
03/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in Conns on March 25, 2024 and sell it all today you would earn a total of 0.00 from holding Conns Inc or generate 0.0% return on investment in Conns over 30 days. Conns is related to or competes with Target, Lowes Companies, Kohls Corp, Gap, and Walmart. Conns, Inc. operates as a specialty retailer of durable consumer goods and related services in the United States More
Conns 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 Conns' 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 Conns Inc upside and downside potential and time the market with a certain degree of confidence.
Information Ratio | (0.07) | |||
Maximum Drawdown | 30.23 | |||
Value At Risk | (5.56) | |||
Potential Upside | 5.88 |
Conns Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Conns' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Conns' standard deviation. In reality, there are many statistical measures that can use Conns historical prices to predict the future Conns' volatility.Risk Adjusted Performance | (0.02) | |||
Jensen Alpha | (0.37) | |||
Total Risk Alpha | (0.95) | |||
Treynor Ratio | (0.24) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Conns' 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.
Conns Inc Backtested Returns
Conns Inc secures Sharpe Ratio (or Efficiency) of -0.0657, which signifies that the company had a -0.0657% return per unit of risk over the last 3 months. Conns Inc exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Conns' Mean Deviation of 3.11, risk adjusted performance of (0.02), and Standard Deviation of 4.93 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.15, 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, Conns will likely underperform. Conns Inc has an expected return of -0.33%. Please make sure to confirm Conns Inc potential upside, as well as the relationship between the rate of daily change and period momentum indicator , to decide if Conns Inc performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.16 |
Very weak predictability
Conns Inc has very weak predictability. Overlapping area represents the amount of predictability between Conns time series from 25th of March 2024 to 9th of April 2024 and 9th of April 2024 to 24th 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 Conns Inc price movement. The serial correlation of 0.16 indicates that over 16.0% of current Conns price fluctuation can be explain by its past prices.
Correlation Coefficient | 0.16 | |
Spearman Rank Test | 0.31 | |
Residual Average | 0.0 | |
Price Variance | 0.07 |
Conns Inc lagged returns against current returns
Autocorrelation, which is Conns 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 Conns' stock expected returns. We can calculate the autocorrelation of Conns returns to help us make a trade decision. For example, suppose you find that Conns 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 |
Conns 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 Conns stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Conns stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Conns stock over time.
Current vs Lagged Prices |
Timeline |
Conns Lagged Returns
When evaluating Conns' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Conns stock have on its future price. Conns 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, Conns autocorrelation shows the relationship between Conns stock current value and its past values and can show if there is a momentum factor associated with investing in Conns Inc.
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 Conns 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, Conns' short interest history, or implied volatility extrapolated from Conns options trading.
Pair Trading with Conns
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 Conns 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 Conns will appreciate offsetting losses from the drop in the long position's value.Moving together with Conns Stock
0.74 | ETSY | Etsy Inc Earnings Call This Week | PairCorr |
Moving against Conns Stock
0.78 | JMIA | Jumia Technologies Upward Rally | PairCorr |
0.77 | BBY | Best Buy Sell-off Trend | PairCorr |
0.76 | JD | JD Inc Adr Aggressive Push | PairCorr |
0.72 | AMZN | Amazon Inc Earnings Call This Week | PairCorr |
0.7 | MACAU | Moringa Acquisition Corp | PairCorr |
The ability to find closely correlated positions to Conns could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Conns 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 Conns - 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 Conns Inc to buy it.
The correlation of Conns 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 Conns moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Conns Inc 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 Conns 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 Conns Correlation, Conns Volatility and Conns Alpha and Beta module to complement your research on Conns. You can also try the Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.
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When running Conns' price analysis, check to measure Conns' 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 Conns is operating at the current time. Most of Conns' value examination focuses on studying past and present price action to predict the probability of Conns' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Conns' price. Additionally, you may evaluate how the addition of Conns to your portfolios can decrease your overall portfolio volatility.
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Conns 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.