Carters Stock Market Value
| CRI Stock | USD 73.86 1.85 2.57% |
| Symbol | Carters |
Carters Price To Book Ratio
Is Carters' 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 Carters. If investors know Carters 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 Carters 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 0.378 | Dividend Share 3 | Earnings Share 6.24 | Revenue Per Share 80.503 | Quarterly Revenue Growth (0.06) |
The market value of Carters is measured differently than its book value, which is the value of Carters that is recorded on the company's balance sheet. Investors also form their own opinion of Carters' value that differs from its market value or its book value, called intrinsic value, which is Carters' 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 Carters' market value can be influenced by many factors that don't directly affect Carters' 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 Carters' value and its price as these two are different measures arrived at by different means. Investors typically determine if Carters is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Carters' 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.
Carters '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 Carters' 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 Carters.
| 03/24/2024 |
| 04/23/2024 |
If you would invest 0.00 in Carters on March 24, 2024 and sell it all today you would earn a total of 0.00 from holding Carters or generate 0.0% return on investment in Carters over 30 days. Carters is related to or competes with Signet Jewelers, TheRealReal, and Envela Corp. Carters, Inc., together with its subsidiaries, designs, sources, and markets branded childrenswear under the Carters, Os... More
Carters 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 Carters' 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 Carters upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.92 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 6.67 | |||
| Value At Risk | (2.92) | |||
| Potential Upside | 1.97 |
Carters Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Carters' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Carters' standard deviation. In reality, there are many statistical measures that can use Carters historical prices to predict the future Carters' volatility.| Risk Adjusted Performance | 0.0127 | |||
| Jensen Alpha | (0.1) | |||
| Total Risk Alpha | (0.19) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.005 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Carters' 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.
Carters Backtested Returns
Carters secures Sharpe Ratio (or Efficiency) of -0.0027, which signifies that the company had a -0.0027% return per unit of risk over the last 3 months. Carters exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Carters' Downside Deviation of 1.92, risk adjusted performance of 0.0127, and Mean Deviation of 1.28 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.35, 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, Carters will likely underperform. Carters has an expected return of -0.0042%. Please make sure to confirm Carters downside variance, and the relationship between the treynor ratio and kurtosis , to decide if Carters performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.62 |
Good predictability
Carters has good predictability. Overlapping area represents the amount of predictability between Carters time series from 24th of March 2024 to 8th of April 2024 and 8th of April 2024 to 23rd 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 Carters price movement. The serial correlation of 0.62 indicates that roughly 62.0% of current Carters price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.62 | |
| Spearman Rank Test | 0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 3.31 |
Carters lagged returns against current returns
Autocorrelation, which is Carters 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 Carters' stock expected returns. We can calculate the autocorrelation of Carters returns to help us make a trade decision. For example, suppose you find that Carters 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 |
Carters 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 Carters stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Carters stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Carters stock over time.
Current vs Lagged Prices |
| Timeline |
Carters Lagged Returns
When evaluating Carters' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Carters stock have on its future price. Carters 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, Carters autocorrelation shows the relationship between Carters stock current value and its past values and can show if there is a momentum factor associated with investing in Carters.
Regressed Prices |
| Timeline |
Pair Trading with Carters
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 Carters 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 Carters will appreciate offsetting losses from the drop in the long position's value.Moving together with Carters Stock
| 0.8 | RL | Ralph Lauren Corp Financial Report 23rd of May 2024 | PairCorr |
Moving against Carters Stock
| 0.52 | DOOO | BRP Inc Financial Report 6th of June 2024 | PairCorr |
| 0.41 | ESCA | Escalade Incorporated Financial Report 14th of May 2024 | PairCorr |
The ability to find closely correlated positions to Carters could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Carters 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 Carters - 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 Carters to buy it.
The correlation of Carters 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 Carters moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Carters 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 Carters 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 Carters Correlation, Carters Volatility and Carters Alpha and Beta module to complement your research on Carters. For more detail on how to invest in Carters Stock please use our How to Invest in Carters guide.You can also try the Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.
Complementary Tools for Carters Stock analysis
When running Carters' price analysis, check to measure Carters' 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 Carters is operating at the current time. Most of Carters' value examination focuses on studying past and present price action to predict the probability of Carters' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Carters' price. Additionally, you may evaluate how the addition of Carters to your portfolios can decrease your overall portfolio volatility.
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Carters 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.