Corecivic Stock Statistic Functions Beta

CXW Stock  USD 22.33  0.16  0.71%   
CoreCivic statistic functions tool provides the execution environment for running the Beta function and other technical functions against CoreCivic. CoreCivic value trend is the prevailing direction of the price over some defined period of time. The concept of trend is an important idea in technical analysis, including the analysis of statistic functions indicators. As with most other technical indicators, the Beta function function is designed to identify and follow existing trends. CoreCivic statistical functions help analysts to determine different price movement patterns based on how price series statistical indicators change over time. Please specify Time Period to run this model.

The output start index for this execution was ten with a total number of output elements of fifty-one. The Beta measures systematic risk based on how returns on CoreCivic correlated with the market. If Beta is less than 0 CoreCivic generally moves in the opposite direction as compared to the market. If CoreCivic Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one CoreCivic is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of CoreCivic is generally in the same direction as the market. If Beta > 1 CoreCivic moves generally in the same direction as, but more than the movement of the benchmark.

CoreCivic Technical Analysis Modules

Most technical analysis of CoreCivic help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for CoreCivic from various momentum indicators to cycle indicators. When you analyze CoreCivic charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

About CoreCivic Predictive Technical Analysis

Predictive technical analysis modules help investors to analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of CoreCivic. We use our internally-developed statistical techniques to arrive at the intrinsic value of CoreCivic based on widely used predictive technical indicators. In general, we focus on analyzing CoreCivic Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build CoreCivic's daily price indicators and compare them against related drivers, such as statistic functions and various other types of predictive indicators. Using this methodology combined with a more conventional technical analysis and fundamental analysis, we attempt to find the most accurate representation of CoreCivic's intrinsic value. In addition to deriving basic predictive indicators for CoreCivic, we also check how macroeconomic factors affect CoreCivic price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
 2021 2022 2023 2024 (projected)
Dividend Yield0.0020936.48E-47.9E-57.5E-5
Price To Sales Ratio0.640.740.870.83
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.
Hype
Prediction
LowEstimatedHigh
17.2422.5827.92
Details
Intrinsic
Valuation
LowRealHigh
14.3919.7325.07
Details
Naive
Forecast
LowNextHigh
14.7220.0725.41
Details
4 Analysts
Consensus
LowTargetHigh
14.1115.5017.21
Details

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards CoreCivic in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, CoreCivic's short interest history, or implied volatility extrapolated from CoreCivic options trading.

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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.