Corecivic Stock Price on October 28, 2024
| CXW Stock | USD 22.33 0.16 0.71% |
If you're considering investing in CoreCivic Stock, it is important to understand the factors that can impact its price. As of today, the current price of CoreCivic stands at 22.33, as last reported on the 29th of November, with the highest price reaching 23.32 and the lowest price hitting 22.11 during the day. CoreCivic appears to be somewhat reliable, given 3 months investment horizon. CoreCivic secures Sharpe Ratio (or Efficiency) of 0.18, which signifies that the company had a 0.18% return per unit of risk over the last 3 months. By analyzing CoreCivic's technical indicators, you can evaluate if the expected return of 0.94% is justified by implied risk. Please makes use of CoreCivic's Mean Deviation of 2.58, downside deviation of 2.41, and Risk Adjusted Performance of 0.1444 to double-check if our risk estimates are consistent with your expectations.
CoreCivic Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
CoreCivic |
Sharpe Ratio = 0.1777
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Estimated Market Risk
| 5.3 actual daily | 47 53% of assets are more volatile |
Expected Return
| 0.94 actual daily | 18 82% of assets have higher returns |
Risk-Adjusted Return
| 0.18 actual daily | 13 87% of assets perform better |
Based on monthly moving average CoreCivic is performing at about 13% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of CoreCivic by adding it to a well-diversified portfolio.
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CoreCivic Valuation on October 28, 2024
It is possible to determine the worth of CoreCivic on a given historical date. On October 28, 2024 CoreCivic was worth 13.86 at the beginning of the trading date compared to the closed value of 14.45. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of CoreCivic stock. Still, in general, we apply an absolute valuation method to find CoreCivic's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of CoreCivic where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against CoreCivic's related companies.
| Open | High | Low | Close | Volume | |
| 13.73 | 13.99 | 13.67 | 13.69 | 394,729 | |
10/28/2024 | 13.86 | 14.49 | 13.78 | 14.45 | 1,008,245 |
| 14.41 | 14.69 | 14.32 | 14.60 | 996,396 |
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CoreCivic Trading Date Momentum on October 28, 2024
| On October 29 2024 CoreCivic was traded for 14.60 at the closing time. Highest CoreCivic's price during the trading hours was 14.69 and the lowest price during the day was 14.32 . The net volume was 996.4 K. The overall trading history on the 29th of October contributed to the next trading period price increase. The overall trading delta to the next next day price was 1.04% . The overall trading delta to current price is 27.20% . |
CoreCivic Fundamentals Correlations and Trends
By evaluating CoreCivic's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among CoreCivic's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. CoreCivic financial account trend analysis is a perfect complement when working with valuation or volatility modules.About CoreCivic Stock history
CoreCivic investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for CoreCivic is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in CoreCivic will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing CoreCivic stock prices may prove useful in developing a viable investing in CoreCivic
CoreCivic, Inc. owns and operates partnership correctional, detention, and residential reentry facilities in the United States. The company was founded in 1983 and is based in Brentwood, Tennessee. Corecivic operates under REITSpecialty classification in the United States and is traded on New York Stock Exchange. It employs 10350 people.
CoreCivic Stock Technical Analysis
CoreCivic 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.
Price Boundaries
CoreCivic Period Price Range
Low | November 29, 2024
| High |
0.00 | 0.00 |
CoreCivic cannot be verified against its exchange. Please verify the symbol is currently traded on New York Stock Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
CoreCivic November 29, 2024 Market Strength
Market strength indicators help investors to evaluate how CoreCivic stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading CoreCivic shares will generate the highest return on investment. By undertsting and applying CoreCivic stock market strength indicators, traders can identify CoreCivic entry and exit signals to maximize returns
CoreCivic Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for CoreCivic's price direction in advance. Along with the technical and fundamental analysis of CoreCivic Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of CoreCivic to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.1444 | |||
| Jensen Alpha | 0.5295 | |||
| Total Risk Alpha | 0.0468 | |||
| Sortino Ratio | 0.3334 | |||
| Treynor Ratio | 0.2957 |
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Additional Tools for CoreCivic Stock Analysis
When running CoreCivic's price analysis, check to measure CoreCivic'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 CoreCivic is operating at the current time. Most of CoreCivic's value examination focuses on studying past and present price action to predict the probability of CoreCivic's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CoreCivic's price. Additionally, you may evaluate how the addition of CoreCivic to your portfolios can decrease your overall portfolio volatility.