Colgate Palmolive Stock Market Value
| CL Stock | USD 86.17 0.32 0.37% |
| Symbol | Colgate |
Colgate Palmolive Price To Book Ratio
Is Colgate Palmolive'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 Colgate Palmolive. If investors know Colgate 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 Colgate Palmolive 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 144.537 | Dividend Share 1.91 | Earnings Share 2.77 | Revenue Per Share 23.516 | Quarterly Revenue Growth 0.069 |
The market value of Colgate Palmolive is measured differently than its book value, which is the value of Colgate that is recorded on the company's balance sheet. Investors also form their own opinion of Colgate Palmolive's value that differs from its market value or its book value, called intrinsic value, which is Colgate Palmolive'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 Colgate Palmolive's market value can be influenced by many factors that don't directly affect Colgate Palmolive'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 Colgate Palmolive's value and its price as these two are different measures arrived at by different means. Investors typically determine if Colgate Palmolive is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Colgate Palmolive'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.
Colgate Palmolive '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 Colgate Palmolive'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 Colgate Palmolive.
| 03/17/2024 |
| 04/16/2024 |
If you would invest 0.00 in Colgate Palmolive on March 17, 2024 and sell it all today you would earn a total of 0.00 from holding Colgate Palmolive or generate 0.0% return on investment in Colgate Palmolive over 30 days. Colgate Palmolive is related to or competes with Unilever PLC, Estee Lauder, ELF Beauty, Coty, and Kenvue. Colgate-Palmolive Company, together with its subsidiaries, manufactures and sells consumer products worldwide More
Colgate Palmolive 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 Colgate Palmolive'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 Colgate Palmolive upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7188 | |||
| Information Ratio | 0.033 | |||
| Maximum Drawdown | 4.02 | |||
| Value At Risk | (1.10) | |||
| Potential Upside | 1.36 |
Colgate Palmolive Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Colgate Palmolive's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Colgate Palmolive's standard deviation. In reality, there are many statistical measures that can use Colgate Palmolive historical prices to predict the future Colgate Palmolive's volatility.| Risk Adjusted Performance | 0.0857 | |||
| Jensen Alpha | 0.0566 | |||
| Total Risk Alpha | 0.0093 | |||
| Sortino Ratio | 0.0351 | |||
| Treynor Ratio | 0.1732 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Colgate Palmolive'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.
Colgate Palmolive Backtested Returns
We consider Colgate Palmolive very steady. Colgate Palmolive secures Sharpe Ratio (or Efficiency) of 0.15, which signifies that the company had a 0.15% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Colgate Palmolive, which you can use to evaluate the volatility of the firm. Please confirm Colgate Palmolive's Mean Deviation of 0.5627, risk adjusted performance of 0.0857, and Downside Deviation of 0.7188 to double-check if the risk estimate we provide is consistent with the expected return of 0.11%. Colgate Palmolive has a performance score of 11 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.54, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Colgate Palmolive's returns are expected to increase less than the market. However, during the bear market, the loss of holding Colgate Palmolive is expected to be smaller as well. Colgate Palmolive right now shows a risk of 0.78%. Please confirm Colgate Palmolive jensen alpha, potential upside, accumulation distribution, as well as the relationship between the treynor ratio and expected short fall , to decide if Colgate Palmolive will be following its price patterns.
Auto-correlation | -0.73 |
Almost perfect reverse predictability
Colgate Palmolive has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Colgate Palmolive time series from 17th of March 2024 to 1st of April 2024 and 1st of April 2024 to 16th 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 Colgate Palmolive price movement. The serial correlation of -0.73 indicates that around 73.0% of current Colgate Palmolive price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.73 | |
| Spearman Rank Test | -0.59 | |
| Residual Average | 0.0 | |
| Price Variance | 1.13 |
Colgate Palmolive lagged returns against current returns
Autocorrelation, which is Colgate Palmolive 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 Colgate Palmolive's stock expected returns. We can calculate the autocorrelation of Colgate Palmolive returns to help us make a trade decision. For example, suppose you find that Colgate Palmolive 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 |
Colgate Palmolive 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 Colgate Palmolive stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Colgate Palmolive stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Colgate Palmolive stock over time.
Current vs Lagged Prices |
| Timeline |
Colgate Palmolive Lagged Returns
When evaluating Colgate Palmolive's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Colgate Palmolive stock have on its future price. Colgate Palmolive 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, Colgate Palmolive autocorrelation shows the relationship between Colgate Palmolive stock current value and its past values and can show if there is a momentum factor associated with investing in Colgate Palmolive.
Regressed Prices |
| Timeline |
Colgate Palmolive Investors Sentiment
The influence of Colgate Palmolive's 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 Colgate. 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 Colgate Palmolive's public news can be used to forecast risks associated with an investment in Colgate. The trend in average sentiment can be used to explain how an investor holding Colgate can time the market purely based on public headlines and social activities around Colgate Palmolive. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Colgate Palmolive's 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 Colgate Palmolive's 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 Colgate Palmolive's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Colgate Palmolive.
Colgate Palmolive Implied Volatility | 16.78 |
Colgate Palmolive's implied volatility exposes the market's sentiment of Colgate Palmolive stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Colgate Palmolive's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Colgate Palmolive stock will not fluctuate a lot when Colgate Palmolive's options are near their expiration.
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 Colgate Palmolive 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, Colgate Palmolive's short interest history, or implied volatility extrapolated from Colgate Palmolive options trading.
Pair Trading with Colgate Palmolive
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 Colgate Palmolive 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 Colgate Palmolive will appreciate offsetting losses from the drop in the long position's value.Moving together with Colgate Stock
| 0.78 | EL | Estee Lauder Companies Financial Report 1st of May 2024 | PairCorr |
| 0.86 | PG | Procter Gamble Earnings Call This Week | PairCorr |
Moving against Colgate Stock
| 0.88 | YSG | Yatsen Holding Upward Rally | PairCorr |
| 0.8 | NUS | Nu Skin Enterprises Financial Report 1st of May 2024 | PairCorr |
| 0.75 | EWCZ | European Wax Center Financial Report 8th of May 2024 | PairCorr |
| 0.53 | WDFC | WD 40 Company Financial Report 8th of July 2024 | PairCorr |
| 0.52 | NWL | Newell Brands Sell-off Trend | PairCorr |
The ability to find closely correlated positions to Colgate Palmolive could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Colgate Palmolive 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 Colgate Palmolive - 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 Colgate Palmolive to buy it.
The correlation of Colgate Palmolive 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 Colgate Palmolive moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Colgate Palmolive 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 Colgate Palmolive 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 Colgate Palmolive Correlation, Colgate Palmolive Volatility and Colgate Palmolive Alpha and Beta module to complement your research on Colgate Palmolive. For more information on how to buy Colgate Stock please use our How to buy in Colgate Stock guide.You can also try the Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.
Complementary Tools for Colgate Stock analysis
When running Colgate Palmolive's price analysis, check to measure Colgate Palmolive'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 Colgate Palmolive is operating at the current time. Most of Colgate Palmolive's value examination focuses on studying past and present price action to predict the probability of Colgate Palmolive's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Colgate Palmolive's price. Additionally, you may evaluate how the addition of Colgate Palmolive to your portfolios can decrease your overall portfolio volatility.
| Piotroski F Score Get Piotroski F Score based on the binary analysis strategy of nine different fundamentals | |
| Stock Tickers Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites | |
| Options Analysis Analyze and evaluate options and option chains as a potential hedge for your portfolios | |
| Portfolio Dashboard Portfolio dashboard that provides centralized access to all your investments | |
| Share Portfolio Track or share privately all of your investments from the convenience of any device | |
| Stocks Directory Find actively traded stocks across global markets | |
| Fundamentals Comparison Compare fundamentals across multiple equities to find investing opportunities | |
| Cryptocurrency Center Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency | |
| ETFs Find actively traded Exchange Traded Funds (ETF) from around the world | |
| Price Exposure Probability Analyze equity upside and downside potential for a given time horizon across multiple markets | |
| Portfolio Center All portfolio management and optimization tools to improve performance of your portfolios | |
| Money Managers Screen money managers from public funds and ETFs managed around the world |
Colgate Palmolive 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.