Cactus Inc Stock Market Value
| WHD Stock | USD 61.48 1.46 2.32% |
| Symbol | Cactus |
Cactus Inc Price To Book Ratio
Is Oil & Gas Equipment & Services 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 Cactus. If investors know Cactus 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 Cactus 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 (0.07) | Dividend Share 0.49 | Earnings Share 2.77 | Revenue Per Share 17.195 | Quarterly Revenue Growth 0.018 |
The market value of Cactus Inc is measured differently than its book value, which is the value of Cactus that is recorded on the company's balance sheet. Investors also form their own opinion of Cactus' value that differs from its market value or its book value, called intrinsic value, which is Cactus' 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 Cactus' market value can be influenced by many factors that don't directly affect Cactus' 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 Cactus' value and its price as these two are different measures arrived at by different means. Investors typically determine if Cactus is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cactus' 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.
Cactus '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 Cactus' 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 Cactus.
| 11/17/2024 |
| 12/17/2024 |
If you would invest 0.00 in Cactus on November 17, 2024 and sell it all today you would earn a total of 0.00 from holding Cactus Inc or generate 0.0% return on investment in Cactus over 30 days. Cactus is related to or competes with Enerflex, and Baker Hughes. Cactus, Inc. designs, manufactures, sells, and rents a range of wellheads and pressure control equipment in the United S... More
Cactus 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 Cactus' 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 Cactus Inc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.23 | |||
| Information Ratio | 0.0161 | |||
| Maximum Drawdown | 16.22 | |||
| Value At Risk | (3.37) | |||
| Potential Upside | 3.55 |
Cactus Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cactus' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cactus' standard deviation. In reality, there are many statistical measures that can use Cactus historical prices to predict the future Cactus' volatility.| Risk Adjusted Performance | 0.0377 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.11) | |||
| Sortino Ratio | 0.0187 | |||
| Treynor Ratio | 0.0542 |
Cactus Inc Backtested Returns
At this point, Cactus is very steady. Cactus Inc secures Sharpe Ratio (or Efficiency) of 0.0212, which signifies that the company had a 0.0212% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for Cactus Inc, which you can use to evaluate the volatility of the firm. Please confirm Cactus' risk adjusted performance of 0.0377, and Mean Deviation of 1.82 to double-check if the risk estimate we provide is consistent with the expected return of 0.0545%. Cactus has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 1.84, 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, Cactus will likely underperform. Cactus Inc right now shows a risk of 2.57%. Please confirm Cactus Inc jensen alpha, semi variance, day typical price, as well as the relationship between the maximum drawdown and accumulation distribution , to decide if Cactus Inc will be following its price patterns.
Auto-correlation | -0.69 |
Very good reverse predictability
Cactus Inc has very good reverse predictability. Overlapping area represents the amount of predictability between Cactus time series from 17th of November 2024 to 2nd of December 2024 and 2nd of December 2024 to 17th 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 Cactus Inc price movement. The serial correlation of -0.69 indicates that around 69.0% of current Cactus price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.69 | |
| Spearman Rank Test | -0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 1.92 |
Cactus Inc lagged returns against current returns
Autocorrelation, which is Cactus 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 Cactus' stock expected returns. We can calculate the autocorrelation of Cactus returns to help us make a trade decision. For example, suppose you find that Cactus 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 |
Cactus 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 Cactus stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cactus stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cactus stock over time.
Current vs Lagged Prices |
| Timeline |
Cactus Lagged Returns
When evaluating Cactus' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cactus stock have on its future price. Cactus 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, Cactus autocorrelation shows the relationship between Cactus stock current value and its past values and can show if there is a momentum factor associated with investing in Cactus Inc.
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 Cactus Inc is a strong investment it is important to analyze Cactus' 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 Cactus' future performance. For an informed investment choice regarding Cactus Stock, refer to the following important reports:Check out Cactus Correlation, Cactus Volatility and Cactus Alpha and Beta module to complement your research on Cactus. You can also try the Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.
Cactus 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.