Cognyte Software Stock Market Value
| CGNT Stock | USD 8.12 0.16 2.01% |
| Symbol | Cognyte |
Cognyte Software Price To Book Ratio
Is Application Software space 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 Cognyte Software. If investors know Cognyte 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 Cognyte Software 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 (0.75) | Earnings Share (0.06) | Revenue Per Share 4.649 | Quarterly Revenue Growth 0.096 | Return On Assets (0.01) |
The market value of Cognyte Software is measured differently than its book value, which is the value of Cognyte that is recorded on the company's balance sheet. Investors also form their own opinion of Cognyte Software's value that differs from its market value or its book value, called intrinsic value, which is Cognyte Software'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 Cognyte Software's market value can be influenced by many factors that don't directly affect Cognyte Software'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 Cognyte Software's value and its price as these two are different measures arrived at by different means. Investors typically determine if Cognyte Software is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cognyte Software'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.
Cognyte Software '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 Cognyte Software'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 Cognyte Software.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Cognyte Software on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Cognyte Software or generate 0.0% return on investment in Cognyte Software over 30 days. Cognyte Software is related to or competes with CSG Systems, Evertec, Varonis Systems, Radware, Global Blue, Consensus Cloud, and CCC Intelligent. Cognyte Software Ltd. provides an investigative analytics software to governments and enterprises worldwide More
Cognyte Software 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 Cognyte Software'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 Cognyte Software upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.97 | |||
| Information Ratio | 0.0146 | |||
| Maximum Drawdown | 14.63 | |||
| Value At Risk | (3.53) | |||
| Potential Upside | 5.2 |
Cognyte Software Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cognyte Software's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cognyte Software's standard deviation. In reality, there are many statistical measures that can use Cognyte Software historical prices to predict the future Cognyte Software's volatility.| Risk Adjusted Performance | 0.0522 | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.35) | |||
| Sortino Ratio | 0.0154 | |||
| Treynor Ratio | 0.1242 |
Cognyte Software Backtested Returns
Currently, Cognyte Software is somewhat reliable. Cognyte Software secures Sharpe Ratio (or Efficiency) of 0.0569, which signifies that the company had a 0.0569% return per unit of risk over the last 3 months. We have found thirty technical indicators for Cognyte Software, which you can use to evaluate the volatility of the firm. Please confirm Cognyte Software's Risk Adjusted Performance of 0.0522, mean deviation of 2.1, and Downside Deviation of 2.97 to double-check if the risk estimate we provide is consistent with the expected return of 0.18%. Cognyte Software has a performance score of 4 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, Cognyte Software will likely underperform. Cognyte Software right now shows a risk of 3.16%. Please confirm Cognyte Software jensen alpha, skewness, relative strength index, as well as the relationship between the value at risk and day median price , to decide if Cognyte Software will be following its price patterns.
Auto-correlation | 0.84 |
Very good predictability
Cognyte Software has very good predictability. Overlapping area represents the amount of predictability between Cognyte Software time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st of December 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 Cognyte Software price movement. The serial correlation of 0.84 indicates that around 84.0% of current Cognyte Software price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.84 | |
| Spearman Rank Test | 0.82 | |
| Residual Average | 0.0 | |
| Price Variance | 0.18 |
Cognyte Software lagged returns against current returns
Autocorrelation, which is Cognyte Software 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 Cognyte Software's stock expected returns. We can calculate the autocorrelation of Cognyte Software returns to help us make a trade decision. For example, suppose you find that Cognyte Software 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 |
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Cognyte Software 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 Cognyte Software stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cognyte Software stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cognyte Software stock over time.
Current vs Lagged Prices |
| Timeline |
Cognyte Software Lagged Returns
When evaluating Cognyte Software's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cognyte Software stock have on its future price. Cognyte Software 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, Cognyte Software autocorrelation shows the relationship between Cognyte Software stock current value and its past values and can show if there is a momentum factor associated with investing in Cognyte Software.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Cognyte Stock Analysis
When running Cognyte Software's price analysis, check to measure Cognyte Software'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 Cognyte Software is operating at the current time. Most of Cognyte Software's value examination focuses on studying past and present price action to predict the probability of Cognyte Software's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cognyte Software's price. Additionally, you may evaluate how the addition of Cognyte Software to your portfolios can decrease your overall portfolio volatility.