Commercial Vehicle Group Stock Market Value
| CVGI Stock | USD 2.42 0.01 0.41% |
| Symbol | Commercial |
Commercial Vehicle Price To Book Ratio
Is Construction Machinery & Heavy Transportation Equipment 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 Commercial Vehicle. If investors know Commercial 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 Commercial Vehicle 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 0.286 | Earnings Share 0.82 | Revenue Per Share 27.395 | Quarterly Revenue Growth (0.15) | Return On Assets 0.0346 |
The market value of Commercial Vehicle is measured differently than its book value, which is the value of Commercial that is recorded on the company's balance sheet. Investors also form their own opinion of Commercial Vehicle's value that differs from its market value or its book value, called intrinsic value, which is Commercial Vehicle'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 Commercial Vehicle's market value can be influenced by many factors that don't directly affect Commercial Vehicle'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 Commercial Vehicle's value and its price as these two are different measures arrived at by different means. Investors typically determine if Commercial Vehicle is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Commercial Vehicle'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.
Commercial Vehicle '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 Commercial Vehicle'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 Commercial Vehicle.
| 10/04/2024 |
| 12/03/2024 |
If you would invest 0.00 in Commercial Vehicle on October 4, 2024 and sell it all today you would earn a total of 0.00 from holding Commercial Vehicle Group or generate 0.0% return on investment in Commercial Vehicle over 60 days. Commercial Vehicle is related to or competes with Motorcar Parts, Monro Muffler, Stoneridge, Superior Industries, Dorman Products, Standard, and Cooper Stnd. Commercial Vehicle Group, Inc., together with its subsidiaries, designs, manufactures, produces, and sells components an... More
Commercial Vehicle 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 Commercial Vehicle'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 Commercial Vehicle Group upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 30.58 | |||
| Value At Risk | (6.06) | |||
| Potential Upside | 7.11 |
Commercial Vehicle Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Commercial Vehicle's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Commercial Vehicle's standard deviation. In reality, there are many statistical measures that can use Commercial Vehicle historical prices to predict the future Commercial Vehicle's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.79) | |||
| Total Risk Alpha | (1.18) | |||
| Treynor Ratio | (0.18) |
Commercial Vehicle Backtested Returns
Commercial Vehicle secures Sharpe Ratio (or Efficiency) of -0.0799, which signifies that the company had a -0.0799% return per unit of risk over the last 3 months. Commercial Vehicle Group exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Commercial Vehicle's Mean Deviation of 3.08, risk adjusted performance of (0.07), and Standard Deviation of 4.66 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 2.69, 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, Commercial Vehicle will likely underperform. At this point, Commercial Vehicle has a negative expected return of -0.37%. Please make sure to confirm Commercial Vehicle's kurtosis, and the relationship between the maximum drawdown and day median price , to decide if Commercial Vehicle performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.35 |
Below average predictability
Commercial Vehicle Group has below average predictability. Overlapping area represents the amount of predictability between Commercial Vehicle time series from 4th of October 2024 to 3rd of November 2024 and 3rd of November 2024 to 3rd 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 Commercial Vehicle price movement. The serial correlation of 0.35 indicates that nearly 35.0% of current Commercial Vehicle price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.35 | |
| Spearman Rank Test | 0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Commercial Vehicle lagged returns against current returns
Autocorrelation, which is Commercial Vehicle 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 Commercial Vehicle's stock expected returns. We can calculate the autocorrelation of Commercial Vehicle returns to help us make a trade decision. For example, suppose you find that Commercial Vehicle 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 |
Commercial Vehicle 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 Commercial Vehicle stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Commercial Vehicle stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Commercial Vehicle stock over time.
Current vs Lagged Prices |
| Timeline |
Commercial Vehicle Lagged Returns
When evaluating Commercial Vehicle's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Commercial Vehicle stock have on its future price. Commercial Vehicle 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, Commercial Vehicle autocorrelation shows the relationship between Commercial Vehicle stock current value and its past values and can show if there is a momentum factor associated with investing in Commercial Vehicle Group.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether Commercial Vehicle offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Commercial Vehicle's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Commercial Vehicle Group Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Commercial Vehicle Group Stock:Check out Commercial Vehicle Correlation, Commercial Vehicle Volatility and Commercial Vehicle Alpha and Beta module to complement your research on Commercial Vehicle. You can also try the Stocks Directory module to find actively traded stocks across global markets.
Commercial Vehicle 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.