Charles River Laboratories Stock Market Value
CRL Stock | USD 227.55 2.54 1.10% |
Symbol | Charles |
Charles River Labora Price To Book Ratio
Is Charles River'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 Charles River. If investors know Charles 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 Charles River 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 (0.01) | Earnings Share 9.22 | Revenue Per Share 80.61 | Quarterly Revenue Growth (0.08) | Return On Assets 0.0519 |
The market value of Charles River Labora is measured differently than its book value, which is the value of Charles that is recorded on the company's balance sheet. Investors also form their own opinion of Charles River's value that differs from its market value or its book value, called intrinsic value, which is Charles River'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 Charles River's market value can be influenced by many factors that don't directly affect Charles River'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 Charles River's value and its price as these two are different measures arrived at by different means. Investors typically determine if Charles River is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Charles River'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.
Charles River '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 Charles River'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 Charles River.
04/25/2023 |
| 04/19/2024 |
If you would invest 0.00 in Charles River on April 25, 2023 and sell it all today you would earn a total of 0.00 from holding Charles River Laboratories or generate 0.0% return on investment in Charles River over 360 days. Charles River is related to or competes with Oric PharmaceuticalsI, Anebulo Pharmaceuticals, Cullinan Oncology, C4 TherapeuticsInc, Molecular Partners, Mineralys Therapeutics, and AN2 Therapeutics. Charles River Laboratories International, Inc., a non-clinical contract research organization, provides drug discovery, ... More
Charles River 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 Charles River'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 Charles River Laboratories upside and downside potential and time the market with a certain degree of confidence.
Downside Deviation | 1.7 | |||
Information Ratio | 0.0469 | |||
Maximum Drawdown | 15.05 | |||
Value At Risk | (2.57) | |||
Potential Upside | 2.87 |
Charles River Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Charles River's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Charles River's standard deviation. In reality, there are many statistical measures that can use Charles River historical prices to predict the future Charles River's volatility.Risk Adjusted Performance | 0.0557 | |||
Jensen Alpha | 0.0236 | |||
Total Risk Alpha | (0.05) | |||
Sortino Ratio | 0.0598 | |||
Treynor Ratio | 0.0687 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Charles River'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.
Charles River Labora Backtested Returns
We consider Charles River very steady. Charles River Labora secures Sharpe Ratio (or Efficiency) of 0.0492, which signifies that the company had a 0.0492% return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for Charles River Laboratories, which you can use to evaluate the volatility of the firm. Please confirm Charles River's risk adjusted performance of 0.0557, and Mean Deviation of 1.5 to double-check if the risk estimate we provide is consistent with the expected return of 0.11%. Charles River has a performance score of 3 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 2.33, 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, Charles River will likely underperform. Charles River Labora right now shows a risk of 2.17%. Please confirm Charles River Labora coefficient of variation, semi variance, price action indicator, as well as the relationship between the treynor ratio and daily balance of power , to decide if Charles River Labora will be following its price patterns.
Auto-correlation | 0.28 |
Poor predictability
Charles River Laboratories has poor predictability. Overlapping area represents the amount of predictability between Charles River time series from 25th of April 2023 to 22nd of October 2023 and 22nd of October 2023 to 19th 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 Charles River Labora price movement. The serial correlation of 0.28 indicates that nearly 28.0% of current Charles River price fluctuation can be explain by its past prices.
Correlation Coefficient | 0.28 | |
Spearman Rank Test | 0.1 | |
Residual Average | 0.0 | |
Price Variance | 891.44 |
Charles River Labora lagged returns against current returns
Autocorrelation, which is Charles River 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 Charles River's stock expected returns. We can calculate the autocorrelation of Charles River returns to help us make a trade decision. For example, suppose you find that Charles River 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 |
Charles River 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 Charles River stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Charles River stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Charles River stock over time.
Current vs Lagged Prices |
Timeline |
Charles River Lagged Returns
When evaluating Charles River's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Charles River stock have on its future price. Charles River 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, Charles River autocorrelation shows the relationship between Charles River stock current value and its past values and can show if there is a momentum factor associated with investing in Charles River Laboratories.
Regressed Prices |
Timeline |
Charles River Investors Sentiment
The influence of Charles River's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Charles. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Charles River's public news can be used to forecast risks associated with an investment in Charles. The trend in average sentiment can be used to explain how an investor holding Charles can time the market purely based on public headlines and social activities around Charles River Laboratories. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Charles River's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Charles River's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Charles River's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Charles River.
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 Charles River 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, Charles River's short interest history, or implied volatility extrapolated from Charles River options trading.
Pair Trading with Charles River
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 Charles River 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 Charles River will appreciate offsetting losses from the drop in the long position's value.Moving together with Charles Stock
0.87 | A | Agilent Technologies Financial Report 28th of May 2024 | PairCorr |
0.87 | EQ | Equillium Financial Report 9th of May 2024 | PairCorr |
Moving against Charles Stock
0.75 | KA | Kineta Inc Financial Report 9th of May 2024 | PairCorr |
0.66 | VALN | Valneva SE ADR Financial Report 2nd of May 2024 | PairCorr |
0.65 | DMTK | DermTech Financial Report 2nd of May 2024 | PairCorr |
0.63 | ME | 23Andme Holding | PairCorr |
0.62 | VCYT | Veracyte Financial Report 2nd of May 2024 | PairCorr |
The ability to find closely correlated positions to Charles River could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Charles River 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 Charles River - 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 Charles River Laboratories to buy it.
The correlation of Charles River 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 Charles River moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Charles River Labora 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 Charles River 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 Charles River Correlation, Charles River Volatility and Charles River Alpha and Beta module to complement your research on Charles River. You can also try the Transaction History module to view history of all your transactions and understand their impact on performance.
Complementary Tools for Charles Stock analysis
When running Charles River's price analysis, check to measure Charles River'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 Charles River is operating at the current time. Most of Charles River's value examination focuses on studying past and present price action to predict the probability of Charles River's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Charles River's price. Additionally, you may evaluate how the addition of Charles River to your portfolios can decrease your overall portfolio volatility.
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Charles River 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.