Corecivic Stock Market Value
| CXW Stock | USD 22.33 0.16 0.71% |
| Symbol | CoreCivic |
CoreCivic Price To Book Ratio
Is Commercial Services & Supplies 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 CoreCivic. If investors know CoreCivic 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 CoreCivic 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 0.583 | Earnings Share 0.68 | Revenue Per Share 17.663 | Quarterly Revenue Growth 0.016 | Return On Assets 0.0426 |
The market value of CoreCivic is measured differently than its book value, which is the value of CoreCivic that is recorded on the company's balance sheet. Investors also form their own opinion of CoreCivic's value that differs from its market value or its book value, called intrinsic value, which is CoreCivic'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 CoreCivic's market value can be influenced by many factors that don't directly affect CoreCivic'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 CoreCivic's value and its price as these two are different measures arrived at by different means. Investors typically determine if CoreCivic is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CoreCivic'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.
CoreCivic '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 CoreCivic'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 CoreCivic.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in CoreCivic on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding CoreCivic or generate 0.0% return on investment in CoreCivic over 30 days. CoreCivic is related to or competes with ADT, NL Industries, Mistras, Evolv Technologies, CompX International, MSA Safety, and Brinks. CoreCivic, Inc. owns and operates partnership correctional, detention, and residential reentry facilities in the United ... More
CoreCivic 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 CoreCivic'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 CoreCivic upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.45 | |||
| Information Ratio | 0.136 | |||
| Maximum Drawdown | 36.54 | |||
| Value At Risk | (3.59) | |||
| Potential Upside | 5.55 |
CoreCivic Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CoreCivic's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CoreCivic's standard deviation. In reality, there are many statistical measures that can use CoreCivic historical prices to predict the future CoreCivic's volatility.| Risk Adjusted Performance | 0.1325 | |||
| Jensen Alpha | 0.391 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | 0.292 | |||
| Treynor Ratio | 0.2381 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of CoreCivic'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.
CoreCivic Backtested Returns
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 0.96% is justified by implied risk. Please makes use of CoreCivic's Risk Adjusted Performance of 0.1325, mean deviation of 2.57, and Downside Deviation of 2.45 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, CoreCivic holds a performance score of 14. The firm shows a Beta (market volatility) of 3.54, 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, CoreCivic will likely underperform. Please check CoreCivic's value at risk, as well as the relationship between the kurtosis and price action indicator , to make a quick decision on whether CoreCivic's price patterns will revert.
Auto-correlation | 0.72 |
Good predictability
CoreCivic has good predictability. Overlapping area represents the amount of predictability between CoreCivic 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 CoreCivic price movement. The serial correlation of 0.72 indicates that around 72.0% of current CoreCivic price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.72 | |
| Spearman Rank Test | 0.61 | |
| Residual Average | 0.0 | |
| Price Variance | 0.16 |
CoreCivic lagged returns against current returns
Autocorrelation, which is CoreCivic 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 CoreCivic's stock expected returns. We can calculate the autocorrelation of CoreCivic returns to help us make a trade decision. For example, suppose you find that CoreCivic 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 |
CoreCivic 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 CoreCivic stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CoreCivic stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CoreCivic stock over time.
Current vs Lagged Prices |
| Timeline |
CoreCivic Lagged Returns
When evaluating CoreCivic's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CoreCivic stock have on its future price. CoreCivic 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, CoreCivic autocorrelation shows the relationship between CoreCivic stock current value and its past values and can show if there is a momentum factor associated with investing in CoreCivic.
Regressed Prices |
| Timeline |
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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.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.