Costar Group Stock Market Value
| CSGP Stock | USD 91.95 7.33 8.66% |
| Symbol | CoStar |
CoStar Group Price To Book Ratio
Is CoStar'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 CoStar. If investors know CoStar 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 CoStar 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 (0.23) | Earnings Share 0.92 | Revenue Per Share 6.057 | Quarterly Revenue Growth 0.116 | Return On Assets 0.0204 |
The market value of CoStar Group is measured differently than its book value, which is the value of CoStar that is recorded on the company's balance sheet. Investors also form their own opinion of CoStar's value that differs from its market value or its book value, called intrinsic value, which is CoStar'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 CoStar's market value can be influenced by many factors that don't directly affect CoStar'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 CoStar's value and its price as these two are different measures arrived at by different means. Investors typically determine if CoStar is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CoStar'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.
CoStar '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 CoStar'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 CoStar.
| 03/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in CoStar on March 25, 2024 and sell it all today you would earn a total of 0.00 from holding CoStar Group or generate 0.0% return on investment in CoStar over 30 days. CoStar is related to or competes with Jones Lang, Cushman Wakefield, Colliers International, Newmark, New England, Marcus Millichap, and FirstService Corp. CoStar Group, Inc. provides information, analytics, and online marketplace services to the commercial real estate, hospi... More
CoStar 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 CoStar'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 CoStar Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.08 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 13.59 | |||
| Value At Risk | (2.66) | |||
| Potential Upside | 2.81 |
CoStar Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CoStar's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CoStar's standard deviation. In reality, there are many statistical measures that can use CoStar historical prices to predict the future CoStar's volatility.| Risk Adjusted Performance | 0.0259 | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.22) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.0368 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of CoStar'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.
CoStar Group Backtested Returns
We consider CoStar very steady. CoStar Group secures Sharpe Ratio (or Efficiency) of 0.0681, which signifies that the company had a 0.0681% return per unit of volatility over the last 3 months. We have found twenty-nine technical indicators for CoStar Group, which you can use to evaluate the volatility of the firm. Please confirm CoStar's mean deviation of 1.5, and Risk Adjusted Performance of 0.0259 to double-check if the risk estimate we provide is consistent with the expected return of 0.16%. CoStar has a performance score of 5 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 1.4, 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, CoStar will likely underperform. CoStar Group right now shows a risk of 2.33%. Please confirm CoStar Group value at risk, as well as the relationship between the skewness and day median price , to decide if CoStar Group will be following its price patterns.
Auto-correlation | 0.65 |
Good predictability
CoStar Group has good predictability. Overlapping area represents the amount of predictability between CoStar 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 CoStar Group price movement. The serial correlation of 0.65 indicates that roughly 65.0% of current CoStar price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.65 | |
| Spearman Rank Test | 0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 13.76 |
CoStar Group lagged returns against current returns
Autocorrelation, which is CoStar 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 CoStar's stock expected returns. We can calculate the autocorrelation of CoStar returns to help us make a trade decision. For example, suppose you find that CoStar 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 |
CoStar 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 CoStar stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CoStar stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CoStar stock over time.
Current vs Lagged Prices |
| Timeline |
CoStar Lagged Returns
When evaluating CoStar's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CoStar stock have on its future price. CoStar 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, CoStar autocorrelation shows the relationship between CoStar stock current value and its past values and can show if there is a momentum factor associated with investing in CoStar Group.
Regressed Prices |
| Timeline |
CoStar Investors Sentiment
The influence of CoStar'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 CoStar. 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 CoStar's public news can be used to forecast risks associated with an investment in CoStar. The trend in average sentiment can be used to explain how an investor holding CoStar can time the market purely based on public headlines and social activities around CoStar Group. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
CoStar'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 CoStar'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 CoStar's news discussions. The higher the estimated score, the more favorable is the investor's outlook on CoStar.
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 CoStar 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, CoStar's short interest history, or implied volatility extrapolated from CoStar options trading.
Pair Trading with CoStar
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 CoStar 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 CoStar will appreciate offsetting losses from the drop in the long position's value.Moving together with CoStar Stock
| 0.68 | NL | NL Industries Earnings Call This Week | PairCorr |
| 0.66 | WM | Waste Management Earnings Call Tomorrow | PairCorr |
Moving against CoStar Stock
| 0.62 | HURN | Huron Consulting Earnings Call This Week | PairCorr |
| 0.52 | LNZA | LanzaTech Global Financial Report 20th of May 2024 | PairCorr |
| 0.51 | HDSN | Hudson Technologies Earnings Call This Week | PairCorr |
| 0.5 | ACCO | Acco Brands Financial Report 2nd of May 2024 | PairCorr |
| 0.47 | AMBI | Ambipar Emergency Report 10th of May 2024 | PairCorr |
The ability to find closely correlated positions to CoStar could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CoStar 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 CoStar - 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 CoStar Group to buy it.
The correlation of CoStar 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 CoStar moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CoStar Group 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 CoStar 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 CoStar Correlation, CoStar Volatility and CoStar Alpha and Beta module to complement your research on CoStar. Note that the CoStar Group information on this page should be used as a complementary analysis to other CoStar's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.
Complementary Tools for CoStar Stock analysis
When running CoStar's price analysis, check to measure CoStar'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 CoStar is operating at the current time. Most of CoStar's value examination focuses on studying past and present price action to predict the probability of CoStar's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CoStar's price. Additionally, you may evaluate how the addition of CoStar to your portfolios can decrease your overall portfolio volatility.
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CoStar 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.