Cannae Price To Sales Ratio from 2010 to 2024
| CNNE Stock | USD 19.99 0.18 0.91% |
Price To Sales Ratio | First Reported 2010-12-31 | Previous Quarter 2.51234035 | Current Value 1.91 | Quarterly Volatility 1.47006676 |
Check Cannae Holdings financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Cannae main balance sheet or income statement drivers, such as Depreciation And Amortization of 40.2 M, Total Revenue of 845.7 M or Gross Profit of 59.8 M, as well as many exotic indicators such as Price To Sales Ratio of 1.91, Dividend Yield of 0.0 or PTB Ratio of 1.22. Cannae financial statements analysis is a perfect complement when working with Cannae Holdings Valuation or Volatility modules.
Cannae | Price To Sales Ratio |
Latest Cannae Holdings' Price To Sales Ratio Growth Pattern
Below is the plot of the Price To Sales Ratio of Cannae Holdings over the last few years. Price to Sales Ratio is figured by comparing Cannae Holdings stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Cannae Holdings sales, a figure that is much harder to manipulate than other Cannae Holdings multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. It is a valuation ratio that compares a company’s stock price to its revenues, calculated by dividing the company’s market cap by its total sales or revenue over a 12-month period. Cannae Holdings' Price To Sales Ratio historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Cannae Holdings' overall financial position and show how it may be relating to other accounts over time.
| View | Last Reported 2.59 X | 10 Years Trend |
|
Price To Sales Ratio |
| Timeline |
Cannae Price To Sales Ratio Regression Statistics
| Arithmetic Mean | 2.44 | |
| Geometric Mean | 2.08 | |
| Coefficient Of Variation | 60.36 | |
| Mean Deviation | 1.00 | |
| Median | 2.51 | |
| Standard Deviation | 1.47 | |
| Sample Variance | 2.16 | |
| Range | 5.5602 | |
| R-Value | 0.18 | |
| Mean Square Error | 2.26 | |
| R-Squared | 0.03 | |
| Significance | 0.53 | |
| Slope | 0.06 | |
| Total Sum of Squares | 30.26 |
Cannae Price To Sales Ratio History
About Cannae Holdings Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Cannae Holdings income statement, its balance sheet, and the statement of cash flows. Cannae Holdings investors use historical funamental indicators, such as Cannae Holdings's Price To Sales Ratio, to determine how well the company is positioned to perform in the future. Although Cannae Holdings investors may use each financial statement separately, they are all related. The changes in Cannae Holdings's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Cannae Holdings's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Cannae Holdings Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Cannae Holdings. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Price To Sales Ratio | 2.51 | 1.91 |
Cannae Holdings Investors Sentiment
The influence of Cannae Holdings' investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Cannae. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Cannae Holdings' public news can be used to forecast risks associated with an investment in Cannae. The trend in average sentiment can be used to explain how an investor holding Cannae can time the market purely based on public headlines and social activities around Cannae Holdings. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Cannae Holdings' market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Cannae Holdings' and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Cannae Holdings' news discussions. The higher the estimated score, the more favorable is the investor's outlook on Cannae Holdings.
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 Cannae Holdings 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, Cannae Holdings' short interest history, or implied volatility extrapolated from Cannae Holdings options trading.
Pair Trading with Cannae Holdings
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Cannae Holdings position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Cannae Holdings will appreciate offsetting losses from the drop in the long position's value.Moving together with Cannae Stock
| 0.66 | TW | Tradeweb Markets | PairCorr |
The ability to find closely correlated positions to Cannae Holdings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cannae Holdings when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Cannae Holdings - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Cannae Holdings to buy it.
The correlation of Cannae Holdings is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Cannae Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cannae Holdings moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Cannae Holdings can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out the analysis of Cannae Holdings Correlation against competitors. For information on how to trade Cannae Stock refer to our How to Trade Cannae Stock guide.You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.
Complementary Tools for Cannae Stock analysis
When running Cannae Holdings' price analysis, check to measure Cannae Holdings' 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 Cannae Holdings is operating at the current time. Most of Cannae Holdings' value examination focuses on studying past and present price action to predict the probability of Cannae Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cannae Holdings' price. Additionally, you may evaluate how the addition of Cannae Holdings to your portfolios can decrease your overall portfolio volatility.
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Is Cannae Holdings' industry 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) | Earnings Share (4.22) | Revenue Per Share 7.766 | Quarterly Revenue Growth (0.23) | Return On Assets (0.03) |
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.