Cdw Corp Stock Market Value
| CDW Stock | USD 237.64 1.86 0.79% |
| Symbol | CDW |
CDW Corp Price To Book Ratio
Is CDW Corp's 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 CDW Corp. If investors know CDW 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 CDW Corp 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 0.045 | Dividend Share 2.39 | Earnings Share 8.1 | Revenue Per Share 158.811 | Quarterly Revenue Growth (0.08) |
The market value of CDW Corp is measured differently than its book value, which is the value of CDW that is recorded on the company's balance sheet. Investors also form their own opinion of CDW Corp's value that differs from its market value or its book value, called intrinsic value, which is CDW Corp'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 CDW Corp's market value can be influenced by many factors that don't directly affect CDW Corp'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 CDW Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if CDW Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CDW Corp'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.
CDW Corp '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 CDW Corp'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 CDW Corp.
| 03/24/2024 |
| 04/23/2024 |
If you would invest 0.00 in CDW Corp on March 24, 2024 and sell it all today you would earn a total of 0.00 from holding CDW Corp or generate 0.0% return on investment in CDW Corp over 30 days. CDW Corp is related to or competes with CACI International, Jack Henry, Broadridge Financial, ExlService Holdings, Infosys, Gartner, and Science Applications. CDW Corporation provides information technology solutions in the United States, the United Kingdom, and Canada More
CDW Corp 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 CDW Corp'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 CDW Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9972 | |||
| Information Ratio | 0.0027 | |||
| Maximum Drawdown | 5.82 | |||
| Value At Risk | (1.52) | |||
| Potential Upside | 1.64 |
CDW Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CDW Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CDW Corp's standard deviation. In reality, there are many statistical measures that can use CDW Corp historical prices to predict the future CDW Corp's volatility.| Risk Adjusted Performance | 0.0566 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | 0.003 | |||
| Treynor Ratio | 0.0645 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of CDW Corp'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.
CDW Corp Backtested Returns
We consider CDW Corp very steady. CDW Corp secures Sharpe Ratio (or Efficiency) of 0.08, which signifies that the company had a 0.08% return per unit of volatility over the last 3 months. We have found twenty-nine technical indicators for CDW Corp, which you can use to evaluate the volatility of the firm. Please confirm CDW Corp's risk adjusted performance of 0.0566, and Mean Deviation of 0.8326 to double-check if the risk estimate we provide is consistent with the expected return of 0.0888%. CDW Corp has a performance score of 6 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 1.27, 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, CDW Corp will likely underperform. CDW Corp now shows a risk of 1.11%. Please confirm CDW Corp potential upside, as well as the relationship between the kurtosis and day typical price , to decide if CDW Corp will be following its price patterns.
Auto-correlation | 0.17 |
Very weak predictability
CDW Corp has very weak predictability. Overlapping area represents the amount of predictability between CDW Corp time series from 24th of March 2024 to 8th of April 2024 and 8th of April 2024 to 23rd of April 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 CDW Corp price movement. The serial correlation of 0.17 indicates that over 17.0% of current CDW Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.17 | |
| Spearman Rank Test | 0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 44.83 |
CDW Corp lagged returns against current returns
Autocorrelation, which is CDW Corp 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 CDW Corp's stock expected returns. We can calculate the autocorrelation of CDW Corp returns to help us make a trade decision. For example, suppose you find that CDW Corp 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 |
CDW Corp 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 CDW Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CDW Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CDW Corp stock over time.
Current vs Lagged Prices |
| Timeline |
CDW Corp Lagged Returns
When evaluating CDW Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CDW Corp stock have on its future price. CDW Corp 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, CDW Corp autocorrelation shows the relationship between CDW Corp stock current value and its past values and can show if there is a momentum factor associated with investing in CDW Corp.
Regressed Prices |
| Timeline |
Pair Trading with CDW Corp
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 CDW Corp 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 CDW Corp will appreciate offsetting losses from the drop in the long position's value.Moving together with CDW Stock
| 0.65 | BHE | Benchmark Electronics Financial Report 1st of May 2024 | PairCorr |
| 0.81 | CTS | CTS Corporation Earnings Call This Week | PairCorr |
Moving against CDW Stock
| 0.72 | AAPL | Apple Inc Report 2nd of May 2024 | PairCorr |
| 0.62 | RELL | Richardson Electronics Financial Report 17th of July 2024 | PairCorr |
| 0.61 | MEI | Methode Electronics Financial Report 27th of June 2024 | PairCorr |
| 0.52 | ZS | Zscaler Financial Report 6th of June 2024 | PairCorr |
| 0.5 | CSCO | Cisco Systems Sell-off Trend | PairCorr |
The ability to find closely correlated positions to CDW Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CDW Corp 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 CDW Corp - 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 CDW Corp to buy it.
The correlation of CDW Corp 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 CDW Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CDW Corp 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 CDW Corp 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 CDW Corp Correlation, CDW Corp Volatility and CDW Corp Alpha and Beta module to complement your research on CDW Corp. For more information on how to buy CDW Stock please use our How to Invest in CDW Corp guide.Note that the CDW Corp information on this page should be used as a complementary analysis to other CDW Corp's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.
Complementary Tools for CDW Stock analysis
When running CDW Corp's price analysis, check to measure CDW Corp'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 CDW Corp is operating at the current time. Most of CDW Corp's value examination focuses on studying past and present price action to predict the probability of CDW Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CDW Corp's price. Additionally, you may evaluate how the addition of CDW Corp to your portfolios can decrease your overall portfolio volatility.
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CDW Corp 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.