Cool Company Stock Market Value
| CLCO Stock | 8.33 0.37 4.65% |
| Symbol | Cool |
Cool Company Price To Book Ratio
Is Oil & Gas Storage & Transportation 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 Cool. If investors know Cool 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 Cool 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 (0.42) | Dividend Share 1.64 | Earnings Share 2.3 | Revenue Per Share 6.397 | Quarterly Revenue Growth (0.08) |
The market value of Cool Company is measured differently than its book value, which is the value of Cool that is recorded on the company's balance sheet. Investors also form their own opinion of Cool's value that differs from its market value or its book value, called intrinsic value, which is Cool'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 Cool's market value can be influenced by many factors that don't directly affect Cool'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 Cool's value and its price as these two are different measures arrived at by different means. Investors typically determine if Cool is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cool'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.
Cool '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 Cool'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 Cool.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in Cool on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding Cool Company or generate 0.0% return on investment in Cool over 720 days. Cool is related to or competes with Northstar Clean, Braskem SA, Luxfer Holdings, Eastman Chemical, Skechers USA, Axalta Coating, and NL Industries. Cool is entity of United States. It is traded as Stock on NYSE exchange. More
Cool 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 Cool'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 Cool Company upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 22.39 | |||
| Value At Risk | (4.06) | |||
| Potential Upside | 3.2 |
Cool Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cool's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cool's standard deviation. In reality, there are many statistical measures that can use Cool historical prices to predict the future Cool's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.28) | |||
| Total Risk Alpha | (0.72) | |||
| Treynor Ratio | (0.81) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Cool'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.
Cool Company Backtested Returns
Cool Company 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. Cool Company exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Cool's Mean Deviation of 1.83, risk adjusted performance of (0.05), and Standard Deviation of 2.86 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.3, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Cool's returns are expected to increase less than the market. However, during the bear market, the loss of holding Cool is expected to be smaller as well. At this point, Cool Company has a negative expected return of -0.44%. Please make sure to confirm Cool's value at risk, as well as the relationship between the accumulation distribution and day typical price , to decide if Cool Company performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.29 |
Poor predictability
Cool Company has poor predictability. Overlapping area represents the amount of predictability between Cool time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 to 2nd 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 Cool Company price movement. The serial correlation of 0.29 indicates that nearly 29.0% of current Cool price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.29 | |
| Spearman Rank Test | 0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 0.38 |
Cool Company lagged returns against current returns
Autocorrelation, which is Cool 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 Cool's stock expected returns. We can calculate the autocorrelation of Cool returns to help us make a trade decision. For example, suppose you find that Cool 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 |
Cool 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 Cool stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cool stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cool stock over time.
Current vs Lagged Prices |
| Timeline |
Cool Lagged Returns
When evaluating Cool's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cool stock have on its future price. Cool 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, Cool autocorrelation shows the relationship between Cool stock current value and its past values and can show if there is a momentum factor associated with investing in Cool Company.
Regressed Prices |
| Timeline |
Pair Trading with Cool
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 Cool 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 Cool will appreciate offsetting losses from the drop in the long position's value.Moving together with Cool Stock
Moving against Cool Stock
| 0.81 | ET | Energy Transfer LP Aggressive Push | PairCorr |
| 0.77 | EPD | Enterprise Products | PairCorr |
| 0.75 | CQP | Cheniere Energy Partners | PairCorr |
| 0.72 | DLNG | Dynagas LNG Partners | PairCorr |
| 0.7 | DTM | DT Midstream | PairCorr |
The ability to find closely correlated positions to Cool could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cool 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 Cool - 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 Cool Company to buy it.
The correlation of Cool 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 Cool moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cool Company 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 Cool 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 Cool Correlation, Cool Volatility and Cool Alpha and Beta module to complement your research on Cool. You can also try the Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.
Cool 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.