Cannae Holdings Stock Market Value
| CNNE Stock | USD 21.70 0.01 0.05% |
| Symbol | Cannae |
Cannae Holdings Price To Book Ratio
Is Multi-Sector Holdings 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 Cannae Holdings. If investors know Cannae 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 Cannae Holdings 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 (0.67) | Dividend Share 0.24 | Earnings Share (4.90) | Revenue Per Share 6.962 | Quarterly Revenue Growth (0.21) |
The market value of Cannae Holdings is measured differently than its book value, which is the value of Cannae that is recorded on the company's balance sheet. Investors also form their own opinion of Cannae Holdings' value that differs from its market value or its book value, called intrinsic value, which is Cannae Holdings' 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 Cannae Holdings' market value can be influenced by many factors that don't directly affect Cannae Holdings' 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 Cannae Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if Cannae Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cannae Holdings' 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.
Cannae Holdings '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 Cannae Holdings' 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 Cannae Holdings.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Cannae Holdings on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Cannae Holdings or generate 0.0% return on investment in Cannae Holdings over 30 days. Cannae Holdings is related to or competes with Brightsphere Investment, Adtalem Global, Hamilton Lane, and ConnectOne Bancorp. The firm primarily invests in restaurants, technology enabled healthcare services, financial services and more More
Cannae Holdings 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 Cannae Holdings' 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 Cannae Holdings upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.52 | |||
| Information Ratio | 0.0244 | |||
| Maximum Drawdown | 6.85 | |||
| Value At Risk | (2.81) | |||
| Potential Upside | 3.13 |
Cannae Holdings Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cannae Holdings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cannae Holdings' standard deviation. In reality, there are many statistical measures that can use Cannae Holdings historical prices to predict the future Cannae Holdings' volatility.| Risk Adjusted Performance | 0.0882 | |||
| Jensen Alpha | 0.0281 | |||
| Total Risk Alpha | (0.11) | |||
| Sortino Ratio | 0.0264 | |||
| Treynor Ratio | 0.1533 |
Cannae Holdings Backtested Returns
Cannae Holdings appears to be very steady, given 3 months investment horizon. Cannae Holdings secures Sharpe Ratio (or Efficiency) of 0.13, which signifies that the company had a 0.13% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Cannae Holdings, which you can use to evaluate the volatility of the firm. Please makes use of Cannae Holdings' Mean Deviation of 1.26, risk adjusted performance of 0.0882, and Downside Deviation of 1.52 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Cannae Holdings holds a performance score of 10. The firm shows a Beta (market volatility) of 1.09, which signifies a somewhat significant risk relative to the market. Cannae Holdings returns are very sensitive to returns on the market. As the market goes up or down, Cannae Holdings is expected to follow. Please check Cannae Holdings' sortino ratio, skewness, period momentum indicator, as well as the relationship between the potential upside and rate of daily change , to make a quick decision on whether Cannae Holdings' price patterns will revert.
Auto-correlation | 0.89 |
Very good predictability
Cannae Holdings has very good predictability. Overlapping area represents the amount of predictability between Cannae Holdings time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th of November 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 Cannae Holdings price movement. The serial correlation of 0.89 indicates that approximately 89.0% of current Cannae Holdings price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.89 | |
| Spearman Rank Test | 0.94 | |
| Residual Average | 0.0 | |
| Price Variance | 0.38 |
Cannae Holdings lagged returns against current returns
Autocorrelation, which is Cannae Holdings 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 Cannae Holdings' stock expected returns. We can calculate the autocorrelation of Cannae Holdings returns to help us make a trade decision. For example, suppose you find that Cannae Holdings 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 |
Cannae Holdings 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 Cannae Holdings stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cannae Holdings stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cannae Holdings stock over time.
Current vs Lagged Prices |
| Timeline |
Cannae Holdings Lagged Returns
When evaluating Cannae Holdings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cannae Holdings stock have on its future price. Cannae Holdings 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, Cannae Holdings autocorrelation shows the relationship between Cannae Holdings stock current value and its past values and can show if there is a momentum factor associated with investing in Cannae Holdings.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Cannae Holdings is a strong investment it is important to analyze Cannae Holdings' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Cannae Holdings' future performance. For an informed investment choice regarding Cannae Stock, refer to the following important reports:Check out Cannae Holdings Correlation, Cannae Holdings Volatility and Cannae Holdings Alpha and Beta module to complement your research on Cannae Holdings. For information on how to trade Cannae Stock refer to our How to Trade Cannae Stock guide.You can also try the Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.
Cannae Holdings 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.